Worth reading
49Recurring
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
38082
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much38,082Shares
38,082 common shares (new shares)
4 of the Company's directors (excluding directors who are Audit and Supervisory Committee members and outside directors)26,550 shares
8 executive officers who do not concurrently serve as directors of the Company11,532 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.
¥648 per share
Total issue value
¥24,677,136
Total Stock-Based Compensation
Total monetary compensation receivables of ¥24,677,136. The total amount of monetary compensation receivables for directors is capped at ¥40 million per year.
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
From the payment date until the later of the date on which the recipient retires or resigns as a director or executive officer of the Company, or the date on which the Company's semiannual report for the fiscal year containing the payment date is filed.
Conditions for lifting transfer restrictions
Provided that the recipient remains a director or executive officer of the Company continuously until the conclusion of the Company's first annual general meeting of shareholders to be held after the payment date, all shares will be released from the transfer restrictions upon expiration of the restriction period. In the event of retirement or resignation for a valid reason, or death, the number of shares released will be determined in proportion to the recipient's period of service.
Reason for acquisition without consideration
If the recipient retires or resigns during the restriction period without a valid reason, or if any shares remain subject to transfer restrictions when the restrictions are lifted. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares that remain subject to transfer restrictions.
Categories and Number of Persons Covered
Category Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 4 / Number of allocated shares 26,550 shares, Category Executive officers who do not concurrently serve as directors of the Company / Number of Employees 8 independent officers / Number of allocated shares 11,532 shares
Intended allottee's holding policy
The shares may not be transferred, pledged, gifted during the donor's lifetime or otherwise disposed of from the payment date until the later of the date on which the recipient retires or resigns as a director or executive officer of the Company, or the date on which the Company's semiannual report for the fiscal year containing the payment date is filed. The holding policy after the lifting of the transfer restrictions is not disclosed.
Payment date
21 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, 23 July 2026, was ¥648. No discount or premium rate was disclosed.
Procedures under the Corporate Code of Conduct
At the 66th Annual General Meeting of Shareholders held on 25 June 2026, approval was obtained for the total amount of monetary compensation receivables, total number of shares and transfer restriction period for the grant of restricted stock.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 38,082 common shares (new shares) |
| Issue price and disposal price | ¥648 per share |
| Total issue value | ¥24,677,136 |
| Payment date | 21 August 2026 |
| Intended allottee | Category 4 of the Company's directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Shares 26,550 shares, Category 8 executive officers who do not concurrently serve as directors of the Company / Number of Shares 11,532 shares |
| Intended allottee's holding policy | The shares may not be transferred, pledged, gifted during the donor's lifetime or otherwise disposed of from the payment date until the later of the date on which the recipient retires or resigns as a director or executive officer of the Company, or the date on which the Company's semiannual report for the fiscal year containing the payment date is filed. The holding policy after the lifting of the transfer restrictions is not disclosed. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, 23 July 2026, was ¥648. No discount or premium rate was disclosed. |
| Transfer restriction period | From the payment date until the later of the date on which the recipient retires or resigns as a director or executive officer of the Company, or the date on which the Company's semiannual report for the fiscal year containing the payment date is filed. |
| Conditions for lifting transfer restrictions | Provided that the recipient remains a director or executive officer of the Company continuously until the conclusion of the Company's first annual general meeting of shareholders to be held after the payment date, all shares will be released from the transfer restrictions upon expiration of the restriction period. In the event of retirement or resignation for a valid reason, or death, the number of shares released will be determined in proportion to the recipient's period of service. |
| Reason for acquisition without consideration | If the recipient retires or resigns during the restriction period without a valid reason, or if any shares remain subject to transfer restrictions when the restrictions are lifted. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares that remain subject to transfer restrictions. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 4 / Number of allocated shares 26,550 shares, Category Executive officers who do not concurrently serve as directors of the Company / Number of Employees 8 independent officers / Number of allocated shares 11,532 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥24,677,136. The total amount of monetary compensation receivables for directors is capped at ¥40 million per year. |
| Procedures under the Corporate Code of Conduct | At the 66th Annual General Meeting of Shareholders held on 25 June 2026, approval was obtained for the total amount of monetary compensation receivables, total number of shares and transfer restriction period for the grant of restricted stock. |
Items this document does not state (14)
Amount of funds to be raisedEstimated 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 eligible directors and other recipients with an incentive to achieve sustained growth in corporate value and to promote the sharing of value 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.
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