Worth reading
51Recurring
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
71747
Shares (maximum)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares through a third-party allotment as restricted stock incentives for the employee stock ownership association
Who receives how much71,747Shares
The company’s common shares: up to 71,747 shares (treasury shares)
極東開発 Employee Stock Ownership Plan: up to 71,747 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,097 per share
Amount of funds to be raised
Total payment amount: ¥150,453,459; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Under this special incentive payment structure, monetary claims will be granted, but the total amount is Not disclosed.
発行済株式総数
0.18% of total shares issued and 0.19% of total voting rights (based on the maximum number of shares, involving the disposal of treasury shares)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
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 1 February 2027 to 30 November 2029
Conditions for lifting transfer restrictions
Subject to the eligible employee having continuously held the status of an employee of the company or one of its subsidiaries, excluding contract employees, from 1 April 2026 to 31 March 2027, the transfer restrictions will be lifted on the business day following the expiration of the restricted transfer period. In the event of withdrawal from the plan due to mandatory retirement or another legitimate reason, the restrictions will be lifted on the retirement date, including the date on which the withdrawal application is accepted, for the number of shares corresponding to the number of months of employment. In the event of a reorganisation or similar event, the restrictions will be lifted subject to the prescribed conditions.
Reason for acquisition without consideration
At the time of the business day following the expiration of the restricted transfer period or the lifting of the transfer restrictions due to withdrawal from the plan, the company will acquire for no consideration any shares granted under this allocation whose transfer restrictions have not been lifted.
Categories and Number of Persons Covered
The company’s employees: up to 1,153 people. Breakdown: Pattern A: up to 6 people, 300 shares per person; Pattern B: up to 60 people, 200 shares per person; Pattern C: up to 154 people, 105 shares per person; Pattern D: up to 429 people, 53 shares per person; Pattern E: up to 410 people, 42 shares per person; Pattern F: up to 94 people, 32 shares per person.
Intended allottee's holding policy
During the restricted transfer period, the shares may not be transferred, pledged or otherwise disposed of, and will be managed in a dedicated account opened with Nomura Securities Co., Ltd. After the transfer restrictions are lifted, the shares may be withdrawn in the same manner as ordinary interests in the employee stock ownership plan.
Payment date
1 February 2027
Basis for determining the amount to be paid
The closing price on the Prime Market of the Tokyo Stock Exchange on 10 November 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥2,097. The deviations from average closing prices were -0.85% for 1 month, -5.80% for 3 months and -6.05% for 6 months.
Procedures under the Corporate Code of Conduct
All 5 directors who are Audit and Supervisory Committee Members, including 3 outside Audit and Supervisory Committee Members, expressed the opinion that the disposal price is lawful and does not constitute a particularly favorable price.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares through a third-party allotment as restricted stock incentives for the employee stock ownership association |
| Number of shares to be issued or disposed of | The company’s common shares: up to 71,747 shares (treasury shares) |
| Issue price and disposal price | ¥2,097 per share |
| Amount of funds to be raised | Total payment amount: ¥150,453,459; estimated net proceeds: Not disclosed |
| Payment date | 1 February 2027 |
| Intended allottee | 極東開発 Employee Stock Ownership Plan: up to 71,747 shares |
| Intended allottee's holding policy | During the restricted transfer period, the shares may not be transferred, pledged or otherwise disposed of, and will be managed in a dedicated account opened with Nomura Securities Co., Ltd. After the transfer restrictions are lifted, the shares may be withdrawn in the same manner as ordinary interests in the employee stock ownership plan. |
| Dilution Rate | 0.18% of total shares issued and 0.19% of total voting rights (based on the maximum number of shares, involving the disposal of treasury shares) |
| Total number of issued shares | 40,150,000 shares (as of 30 September 2026) → Not disclosed |
| Basis for determining the amount to be paid | The closing price on the Prime Market of the Tokyo Stock Exchange on 10 November 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥2,097. The deviations from average closing prices were -0.85% for 1 month, -5.80% for 3 months and -6.05% for 6 months. |
| Transfer restriction period | From 1 February 2027 to 30 November 2029 |
| Conditions for lifting transfer restrictions | Subject to the eligible employee having continuously held the status of an employee of the company or one of its subsidiaries, excluding contract employees, from 1 April 2026 to 31 March 2027, the transfer restrictions will be lifted on the business day following the expiration of the restricted transfer period. In the event of withdrawal from the plan due to mandatory retirement or another legitimate reason, the restrictions will be lifted on the retirement date, including the date on which the withdrawal application is accepted, for the number of shares corresponding to the number of months of employment. In the event of a reorganisation or similar event, the restrictions will be lifted subject to the prescribed conditions. |
| Reason for acquisition without consideration | At the time of the business day following the expiration of the restricted transfer period or the lifting of the transfer restrictions due to withdrawal from the plan, the company will acquire for no consideration any shares granted under this allocation whose transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | The company’s employees: up to 1,153 people. Breakdown: Pattern A: up to 6 people, 300 shares per person; Pattern B: up to 60 people, 200 shares per person; Pattern C: up to 154 people, 105 shares per person; Pattern D: up to 429 people, 53 shares per person; Pattern E: up to 410 people, 42 shares per person; Pattern F: up to 94 people, 32 shares per person. |
| Total Stock-Based Compensation | Under this special incentive payment structure, monetary claims will be granted, but the total amount is Not disclosed. |
| Procedures under the Corporate Code of Conduct | All 5 directors who are Audit and Supervisory Committee Members, including 3 outside Audit and Supervisory Committee Members, expressed the opinion that the disposal price is lawful and does not constitute a particularly favorable price. |
Items this document does not state (12)
Total issue valueEstimated issuance expensesSpecific use of fundsExercise 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 support the enhancement of eligible employees’ welfare and asset formation, provide an incentive for the sustainable enhancement of corporate value, and promote value sharing between eligible employees and 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.