Worth reading
48Recurring
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
12998
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much12,998Shares
12,998 treasury shares
3 directors, excluding directors who are Audit and Supervisory Committee members and outside directors10,285 shares
4 mandate-based executive officers who do not concurrently serve as directors2,713 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.
¥5,444 per share
Total issue value
¥70,761,112
Amount of funds to be raised
Total payment amount of ¥70,761,112; estimated net proceeds Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables of ¥70,761,112. The annual compensation limit for eligible directors is ¥100 million.
発行済株式総数
As this is solely a disposal of treasury shares, the total number of issued shares will not increase
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 22 July 2026 to 22 July 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that the eligible directors and other recipients continuously hold a position as either a director of the Company or an executive officer who does not concurrently serve as a director during the transfer restriction period, all of the shares allotted under this arrangement will be released from the transfer restriction when the transfer restriction period expires. If a recipient retires upon expiration of their term, mandatory retirement or for another legitimate reason, part of the restriction will be released based on a prescribed calculation. In the event of a corporate reorganization or similar event, the restriction will also be released based on a prescribed calculation.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any shares allotted under this arrangement that remain subject to the transfer restriction when the transfer restriction period expires or when the transfer restriction is released. In the event of a corporate reorganization or similar event, the Company will acquire without consideration all shares allotted under this arrangement that remain subject to the transfer restriction.
Stock Split Ratio4 common shares for each 1 common share, effective 1 October 2023. This is a reference to a past stock split.
Categories and Number of Persons Covered
Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 3 / Number of allocated shares 10,285 shares, Category Mandate-based executive officers who do not concurrently serve as directors / Number of Employees 4 / Number of allocated shares 2,713 shares
Intended allottee's holding policy
The transfer restriction period will be 30 years to achieve the sharing of shareholder value over the long term. During the transfer restriction period, the eligible directors and other recipients may not transfer, create security interests over or otherwise dispose of the allotted shares.
Payment date
22 July 2026
Basis for determining the amount to be paid
The closing price of ¥5,444 for the Company's common shares on the Prime Market of the Tokyo Stock Exchange on 23 June 2026, the business day preceding the date of the Board of Directors' resolution. No discount or premium rate is stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 12,998 treasury shares |
| Issue price and disposal price | ¥5,444 per share |
| Total issue value | ¥70,761,112 |
| Amount of funds to be raised | Total payment amount of ¥70,761,112; estimated net proceeds Not disclosed |
| Payment date | 22 July 2026 |
| Intended allottee | Category 3 directors, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Shares 10,285 shares, Category 4 mandate-based executive officers who do not concurrently serve as directors / Number of Shares 2,713 shares |
| Intended allottee's holding policy | The transfer restriction period will be 30 years to achieve the sharing of shareholder value over the long term. During the transfer restriction period, the eligible directors and other recipients may not transfer, create security interests over or otherwise dispose of the allotted shares. |
| Total number of issued shares | As this is solely 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 ¥5,444 for the Company's common shares on the Prime Market of the Tokyo Stock Exchange on 23 June 2026, the business day preceding the date of the Board of Directors' resolution. No discount or premium rate is stated. |
| Transfer restriction period | From 22 July 2026 to 22 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that the eligible directors and other recipients continuously hold a position as either a director of the Company or an executive officer who does not concurrently serve as a director during the transfer restriction period, all of the shares allotted under this arrangement will be released from the transfer restriction when the transfer restriction period expires. If a recipient retires upon expiration of their term, mandatory retirement or for another legitimate reason, part of the restriction will be released based on a prescribed calculation. In the event of a corporate reorganization or similar event, the restriction will also be released based on a prescribed calculation. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any shares allotted under this arrangement that remain subject to the transfer restriction when the transfer restriction period expires or when the transfer restriction is released. In the event of a corporate reorganization or similar event, the Company will acquire without consideration all shares allotted under this arrangement that remain subject to the transfer restriction. |
| Categories and Number of Persons Covered | Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 3 / Number of allocated shares 10,285 shares, Category Mandate-based executive officers who do not concurrently serve as directors / Number of Employees 4 / Number of allocated shares 2,713 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥70,761,112. The annual compensation limit for eligible directors is ¥100 million. |
| Stock Split Ratio | 4 common shares for each 1 common share, effective 1 October 2023. This is a reference to a past stock split. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentProcedures under the Corporate Code of ConductMost 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.In consideration of providing long-term incentives, sharing shareholder value, the purpose of this plan, the Company's business performance, the scope of responsibilities of each eligible director and other factors, as well as various other circumstances.
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