Worth reading
58In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
16136
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much16,136Shares
16,136 common shares (new shares)
5 directors (excluding outside directors)12,656 shares
3 executive officers who do not concurrently serve as directors3,480 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.
¥948 per share
Total issue value
¥15,296,928
Amount of funds to be raised
Total amount to be paid: ¥15,296,928; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims of ¥15,296,928. For the eligible directors, monetary compensation claims are limited to ¥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 17 July 2026 to 16 July 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds one of the following positions throughout the restricted transfer period—director of the Company or one of its subsidiaries, executive officer who does not concurrently serve as a director, corporate auditor, employee, or another equivalent position—all restrictions will be lifted upon expiration of the restricted transfer period. Conditions for lifting the restrictions upon retirement or resignation due to expiration of the term of office, mandatory retirement, or other legitimate reasons are also specified. Performance conditions are Not disclosed.
Reason for acquisition without consideration
The Company will acquire without consideration any of the shares allotted under this arrangement for which the restrictions have not been lifted as of the expiration of the restricted transfer period or the date on which the restrictions are lifted.
Categories and Number of Persons Covered
5 directors excluding outside directors: 12,656 shares; 3 executive officers who do not concurrently serve as directors: 3,480 shares
Intended allottee's holding policy
During the restricted transfer period, the shares may not be transferred, pledged, or otherwise disposed of. The restricted transfer period runs from 17 July 2026 to 16 July 2056.
Payment date
17 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 18 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥948. The discount rate and premium rate are Not disclosed.
Impact on Business Performance
The impact of this issuance of new shares on business performance was not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 16,136 common shares (new shares) |
| Issue price and disposal price | ¥948 per share |
| Total issue value | ¥15,296,928 |
| Amount of funds to be raised | Total amount to be paid: ¥15,296,928; estimated net proceeds: Not disclosed |
| Payment date | 17 July 2026 |
| Intended allottee | Name 5 directors (excluding outside directors) / Number of Shares 12,656 shares, Name 3 executive officers who do not concurrently serve as directors / Number of Shares 3,480 shares |
| Intended allottee's holding policy | During the restricted transfer period, the shares may not be transferred, pledged, or otherwise disposed of. The restricted transfer period runs from 17 July 2026 to 16 July 2056. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 18 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥948. The discount rate and premium rate are Not disclosed. |
| Transfer restriction period | From 17 July 2026 to 16 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds one of the following positions throughout the restricted transfer period—director of the Company or one of its subsidiaries, executive officer who does not concurrently serve as a director, corporate auditor, employee, or another equivalent position—all restrictions will be lifted upon expiration of the restricted transfer period. Conditions for lifting the restrictions upon retirement or resignation due to expiration of the term of office, mandatory retirement, or other legitimate reasons are also specified. Performance conditions are Not disclosed. |
| Reason for acquisition without consideration | The Company will acquire without consideration any of the shares allotted under this arrangement for which the restrictions have not been lifted as of the expiration of the restricted transfer period or the date on which the restrictions are lifted. |
| Categories and Number of Persons Covered | 5 directors excluding outside directors: 12,656 shares; 3 executive officers who do not concurrently serve as directors: 3,480 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥15,296,928. For the eligible directors, monetary compensation claims are limited to ¥40 million per year. |
| Impact on Business Performance | The impact of this issuance of new shares on business performance was not disclosed |
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 RatioProcedures under the Corporate Code of ConductMost 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 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.
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.