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
8805
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as performance-linked restricted stock compensation
Who receives how much8,805Shares
8,805 shares of the Company's common stock (treasury shares)
3 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors: 8,805 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥5,444 per share
Total issue value
¥47,934,420
Amount of funds to be raised
Total amount paid in: ¥47,934,420; estimated net proceeds: Not disclosed (as the consideration will be contributed in kind)
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
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 22 July 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that an eligible director continuously holds 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 allocated under this arrangement will be released from the restrictions upon expiration of the transfer restriction period. If the individual leaves office or employment due to the expiration of the term of office, mandatory retirement, or another legitimate reason, the restrictions will be lifted immediately after the departure.
Reason for acquisition without consideration
If an eligible director engages in an act violating laws or regulations or otherwise falls under any of the events specified in the share allocation agreement during the transfer restriction period, the Company will acquire all of the allocated shares held by that individual without consideration. The Company will also acquire without consideration any shares for which the transfer restrictions are not lifted upon expiration of the transfer restriction period or upon departure from office or employment for a legitimate reason.
Stock Split Ratio1-for-4 stock split; effective date: 1 October 2023
Categories and Number of Persons Covered
3 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors: 8,805 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. If an eligible director remains continuously in a specified position, the restrictions will be lifted upon expiration of the transfer restriction period.
Payment date
22 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 23 June 2026 was ¥5,444. This was the closing price on the business day preceding the date of the Board of Directors' resolution, with no discount or premium.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as performance-linked restricted stock compensation |
| Number of shares to be issued or disposed of | 8,805 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥5,444 per share |
| Total issue value | ¥47,934,420 |
| Amount of funds to be raised | Total amount paid in: ¥47,934,420; estimated net proceeds: Not disclosed (as the consideration will be contributed in kind) |
| Payment date | 22 July 2026 |
| Intended allottee | 3 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors: 8,805 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. If an eligible director remains continuously in a specified position, the restrictions will be lifted upon expiration of the transfer restriction period. |
| Total number of issued shares | The total number of issued shares will not increase because this is a disposal of treasury shares. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 23 June 2026 was ¥5,444. This was the closing price on the business day preceding the date of the Board of Directors' resolution, with no discount or premium. |
| Transfer restriction period | 22 July 2026 to 22 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that an eligible director continuously holds 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 allocated under this arrangement will be released from the restrictions upon expiration of the transfer restriction period. If the individual leaves office or employment due to the expiration of the term of office, mandatory retirement, or another legitimate reason, the restrictions will be lifted immediately after the departure. |
| Reason for acquisition without consideration | If an eligible director engages in an act violating laws or regulations or otherwise falls under any of the events specified in the share allocation agreement during the transfer restriction period, the Company will acquire all of the allocated shares held by that individual without consideration. The Company will also acquire without consideration any shares for which the transfer restrictions are not lifted upon expiration of the transfer restriction period or upon departure from office or employment for a legitimate reason. |
| Categories and Number of Persons Covered | 3 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors: 8,805 shares |
| Stock Split Ratio | 1-for-4 stock split; effective date: 1 October 2023 |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsTotal Stock-Based CompensationUnderwriter / 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.To provide an incentive to achieve the performance targets linked to the medium-term management plan, improve performance and corporate value over the medium to long term, and 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.