Worth reading
51Recurring
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
34909
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much34,909Shares
34,909 common shares of the company
4 of the Company's directors, excluding outside directors16,626 shares
10 directors of the company's subsidiaries who do not concurrently serve as directors of the company18,283 shares
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
¥902 per share
Total issue value
¥31,487,918
Amount of funds to be raised
As the full amount of the monetary compensation receivables will be contributed in kind, the total amount paid will be ¥31,487,918, and the estimated net proceeds will be Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables of ¥31,487,918 (¥14,996,652 for the company's directors and ¥16,491,266 for the subsidiary directors)
Conditions on transfer restrictions
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
Transfer restriction period
22 July 2026 to 21 July 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that the eligible directors and subsidiary directors continuously hold one of the following positions during the transfer restriction period: director of the company or one of its subsidiaries, executive officer who does not concurrently serve as a director, audit & supervisory board member, employee or another equivalent position, the transfer restrictions on all of the shares allotted will be lifted when the transfer restriction period expires. The treatment of cases involving retirement upon expiration of a term of office, reaching retirement age or other legitimate reasons is also stipulated.
Reason for acquisition without consideration
The company will acquire without consideration any allotted shares whose transfer restrictions have not been lifted when the transfer restriction period expires or when the transfer restrictions are lifted. In the event of a corporate reorganization or similar event, the company will also acquire without consideration any shares whose transfer restrictions have not been lifted.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of allocated shares 16,626 shares, Category Directors of the company's subsidiaries who do not concurrently serve as directors of the company / Number of Employees 10 / Number of allocated shares 18,283 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of.
Payment date
22 July 2026
Basis for determining the amount to be paid
The closing price of the company's common shares on the Standard Market of the Tokyo Stock Exchange on 23 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥902. The discount rate and premium rate are Not disclosed.
Procedures under the Corporate Code of Conduct
At the 43rd Annual General Meeting of Shareholders held on 21 June 2019, approval was obtained for the payment of monetary compensation receivables to the eligible directors and for the transfer restriction period.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 34,909 common shares of the company |
| Issue price and disposal price | ¥902 per share |
| Total issue value | ¥31,487,918 |
| Amount of funds to be raised | As the full amount of the monetary compensation receivables will be contributed in kind, the total amount paid will be ¥31,487,918, and the estimated net proceeds will be Not disclosed |
| Payment date | 22 July 2026 |
| Intended allottee | Category 4 of the Company's directors, excluding outside directors / Number of Shares 16,626 shares, Category 10 directors of the company's subsidiaries who do not concurrently serve as directors of the company / Number of Shares 18,283 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. |
| Basis for determining the amount to be paid | The closing price of the company's common shares on the Standard Market of the Tokyo Stock Exchange on 23 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥902. The discount rate and premium rate are Not disclosed. |
| Transfer restriction period | 22 July 2026 to 21 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that the eligible directors and subsidiary directors continuously hold one of the following positions during the transfer restriction period: director of the company or one of its subsidiaries, executive officer who does not concurrently serve as a director, audit & supervisory board member, employee or another equivalent position, the transfer restrictions on all of the shares allotted will be lifted when the transfer restriction period expires. The treatment of cases involving retirement upon expiration of a term of office, reaching retirement age or other legitimate reasons is also stipulated. |
| Reason for acquisition without consideration | The company will acquire without consideration any allotted shares whose transfer restrictions have not been lifted when the transfer restriction period expires or when the transfer restrictions are lifted. In the event of a corporate reorganization or similar event, the company will also acquire without consideration any shares whose transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of allocated shares 16,626 shares, Category Directors of the company's subsidiaries who do not concurrently serve as directors of the company / Number of Employees 10 / Number of allocated shares 18,283 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥31,487,918 (¥14,996,652 for the company's directors and ¥16,491,266 for the subsidiary directors) |
| Procedures under the Corporate Code of Conduct | At the 43rd Annual General Meeting of Shareholders held on 21 June 2019, approval was obtained for the payment of monetary compensation receivables to the eligible directors and for the transfer restriction period. |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
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.To provide incentives for the sustained enhancement of the company's corporate value and promote value sharing with shareholders. The eligible recipients will also be expanded to include subsidiary directors so that the group can work as one in pursuing management aimed at enhancing corporate value over the medium to long term.
How to read this page
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