Worth reading
42Recurring
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
10800
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much10,800Shares
10,800 common shares of the Company (treasury shares)
The Company's directors (excluding directors who are Audit & Supervisory Committee Members)5 / 8,800 shares
The Company's executive officers4 / 2,000 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.
¥574 per share
Total issue value
¥6,199,200
Total Stock-Based Compensation
Total monetary compensation receivables of ¥6,199,200. The annual limit for monetary compensation receivables granted to eligible directors is ¥30,000 thousand or less.
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 24 July 2026 until the date on which the recipient resigns or retires from all positions as a director and executive officer of the Company
Conditions for lifting transfer restrictions
In principle, the recipient must continuously hold either the position of director or executive officer of the Company from the start of the transfer restriction period until the date of the first Annual General Meeting of Shareholders held after that date. In the event of resignation or retirement for a valid reason, the restrictions will be lifted for the number of shares corresponding to the recipient's months in office.
Reason for acquisition without consideration
If the recipient resigns or retires from all positions as a director and executive officer before the day preceding the date of the first Annual General Meeting of Shareholders to be held after the start of the transfer restriction period without a valid reason. If any shares remain subject to transfer restrictions when the restriction period expires. If any shares remain subject to transfer restrictions when the recipient resigns or retires in connection with a corporate reorganization or similar event.
Categories and Number of Persons Covered
Category The Company's directors (excluding directors who are Audit & Supervisory Committee Members) / Number of Employees 5 / Number of allocated shares 8,800 shares, Category The Company's executive officers / Number of Employees 4 / Number of allocated shares 2,000 shares
Intended allottee's holding policy
Until the transfer restrictions are lifted, the shares may not be transferred to third parties, pledged, used to establish a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of. The holding policy after the transfer restrictions are lifted is Not disclosed.
Payment date
24 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 25 June 2026, ¥574. No discount or premium applies.
Procedures under the Corporate Code of Conduct
At the 90th Annual General Meeting of Shareholders held on 29 June 2023, approval was obtained for the introduction of the restricted stock compensation plan, the total amount of compensation receivables, the maximum number of shares and the transfer restriction period, among other matters.
Impact on Business Performance
The impact of this disposal of treasury shares on business performance is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 10,800 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥574 per share |
| Total issue value | ¥6,199,200 |
| Payment date | 24 July 2026 |
| Intended allottee | Name The Company's directors (excluding directors who are Audit & Supervisory Committee Members) / Number of Employees 5 / Number of Shares 8,800 shares, Name The Company's executive officers / Number of Employees 4 / Number of Shares 2,000 shares |
| Intended allottee's holding policy | Until the transfer restrictions are lifted, the shares may not be transferred to third parties, pledged, used to establish a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of. The holding policy after the transfer restrictions are lifted 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 25 June 2026, ¥574. No discount or premium applies. |
| Transfer restriction period | From 24 July 2026 until the date on which the recipient resigns or retires from all positions as a director and executive officer of the Company |
| Conditions for lifting transfer restrictions | In principle, the recipient must continuously hold either the position of director or executive officer of the Company from the start of the transfer restriction period until the date of the first Annual General Meeting of Shareholders held after that date. In the event of resignation or retirement for a valid reason, the restrictions will be lifted for the number of shares corresponding to the recipient's months in office. |
| Reason for acquisition without consideration | If the recipient resigns or retires from all positions as a director and executive officer before the day preceding the date of the first Annual General Meeting of Shareholders to be held after the start of the transfer restriction period without a valid reason. If any shares remain subject to transfer restrictions when the restriction period expires. If any shares remain subject to transfer restrictions when the recipient resigns or retires in connection with a corporate reorganization or similar event. |
| Categories and Number of Persons Covered | Category The Company's directors (excluding directors who are Audit & Supervisory Committee Members) / Number of Employees 5 / Number of allocated shares 8,800 shares, Category The Company's executive officers / Number of Employees 4 / Number of allocated shares 2,000 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥6,199,200. The annual limit for monetary compensation receivables granted to eligible directors is ¥30,000 thousand or less. |
| Procedures under the Corporate Code of Conduct | At the 90th Annual General Meeting of Shareholders held on 29 June 2023, approval was obtained for the introduction of the restricted stock compensation plan, the total amount of compensation receivables, the maximum number of shares and the transfer restriction period, among other matters. |
| Impact on Business Performance | The impact of this disposal of treasury shares on business performance is Not disclosed. |
Items this document does not state (13)
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 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.To enable directors and executive officers to share with shareholders both the benefits and risks of share price fluctuations, and to increase their motivation to contribute to higher share prices and enhanced corporate value.
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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