Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
0.16
% (dilution ratio relative to the total number of issued shares and total number of voting rights)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as stock compensation
Who receives how much200,000Shares
200,000 common shares (treasury shares)
The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account)200,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥3,545 per share
Total issue value
¥709,000,000
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
0.16% (relative to the total of 1,227,586 voting rights as of 31 March 2026)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Categories and Number of Persons Covered
Eligible directors (excluding outside directors and non-residents of Japan). The number of eligible directors and the number of shares individually allocated to each eligible director are Not disclosed.
Intended allottee's holding policy
In accordance with the share delivery rules, the shares will be delivered to eligible directors during the trust period. The shares disposed of as treasury shares are not expected to be released onto the stock market all at once.
Basis for determining the amount to be paid
The closing price of the Company's shares on the Tokyo Stock Exchange on 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,545. There is no discount or premium.
Procedures under the Corporate Code of Conduct
Because the dilution ratio is less than 25% and there will be no change in the controlling shareholder, it is not necessary to obtain an opinion from an independent third party or conduct procedures to confirm shareholders' intent as stipulated in Article 432 of the Tokyo Stock Exchange's Securities Listing Regulations. All 5 Audit & Supervisory Board Members, including 3 outside Audit & Supervisory Board Members, have expressed the opinion that the basis for calculating the disposal price is reasonable and that the disposal price does not constitute a particularly favorable price.
Impact on Business Performance
The impact on the stock market is expected to be minor, and the Company has determined that the number of shares disposed of and the scale of the dilution are reasonable.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as stock compensation |
| Number of shares to be issued or disposed of | 200,000 common shares (treasury shares) |
| Issue price and disposal price | ¥3,545 per share |
| Total issue value | ¥709,000,000 |
| Intended allottee | Name The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account) / Number of Shares 200,000 shares |
| Intended allottee's holding policy | In accordance with the share delivery rules, the shares will be delivered to eligible directors during the trust period. The shares disposed of as treasury shares are not expected to be released onto the stock market all at once. |
| Dilution Rate | 0.16% (relative to the total of 1,227,586 voting rights as of 31 March 2026) |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company's shares on the Tokyo Stock Exchange on 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,545. There is no discount or premium. |
| Categories and Number of Persons Covered | Eligible directors (excluding outside directors and non-residents of Japan). The number of eligible directors and the number of shares individually allocated to each eligible director are Not disclosed. |
| Procedures under the Corporate Code of Conduct | Because the dilution ratio is less than 25% and there will be no change in the controlling shareholder, it is not necessary to obtain an opinion from an independent third party or conduct procedures to confirm shareholders' intent as stipulated in Article 432 of the Tokyo Stock Exchange's Securities Listing Regulations. All 5 Audit & Supervisory Board Members, including 3 outside Audit & Supervisory Board Members, have expressed the opinion that the basis for calculating the disposal price is reasonable and that the disposal price does not constitute a particularly favorable price. |
| Impact on Business Performance | The impact on the stock market is expected to be minor, and the Company has determined that the number of shares disposed of and the scale of the dilution are reasonable. |
Items this document does not state (16)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offering
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company will introduce a Board Incentive Plan Trust and dispose of treasury shares to the trust account to encourage the eligible directors to contribute to increases in the share price, shareholder value and corporate value, and to promote value sharing with shareholders.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.