Worth reading
59In focus
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
0.97
% of total shares issuedWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares through a third-party allotment (additional contribution to the Stock Benefit Trust (J-ESOP))
Who receives how much570,000Shares
570,000 common shares (treasury shares)
Japan Custody Bank, Ltd. (Trust E Account)570,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,444 per share
Total issue value
¥823,080,000
Amount of funds to be raised
Total payment amount: ¥823,080,000; estimated net proceeds: Not disclosed
Specific use of funds
Additional contribution to the trust so that it can acquire the shares expected to be required for future benefits as the plan continuesAmount ¥823,080,000 / Scheduled timing of expenditures 29 September 2026
発行済株式総数
0.97% of total shares issued and 1.01% of total voting rights
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.
Stock Split Ratio10-for-1 stock split; effective date: 1 July 2026
Categories and Number of Persons Covered
Employees of the group (number of employees and breakdown of allocated shares: Not disclosed)
Payment date
29 September 2026
Basis for determining the amount to be paid
The closing price of the company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution: ¥1,444. No discount or premium.
Procedures under the Corporate Code of Conduct
Because the dilution ratio is less than 25% and the transaction does not involve a change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholders' intent are not required.
Most recent equity financing
Timing 14 March 2022 and 16 May 2022 / Type Introduction of the Stock Benefit Trust (J-ESOP) and determination of details / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares through a third-party allotment (additional contribution to the Stock Benefit Trust (J-ESOP)) |
| Number of shares to be issued or disposed of | 570,000 common shares (treasury shares) |
| Issue price and disposal price | ¥1,444 per share |
| Total issue value | ¥823,080,000 |
| Amount of funds to be raised | Total payment amount: ¥823,080,000; estimated net proceeds: Not disclosed |
| Specific use of funds | Details Additional contribution to the trust so that it can acquire the shares expected to be required for future benefits as the plan continues / Amount ¥823,080,000 / Scheduled timing of expenditures 29 September 2026 |
| Payment date | 29 September 2026 |
| Intended allottee | Name Japan Custody Bank, Ltd. (Trust E Account) / Number of Shares 570,000 shares |
| Dilution Rate | 0.97% of total shares issued and 1.01% of total voting rights |
| Total number of issued shares | 59,000,000 shares (as of 31 March 2026) → 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 the business day immediately preceding the date of the Board of Directors' resolution: ¥1,444. No discount or premium. |
| Categories and Number of Persons Covered | Employees of the group (number of employees and breakdown of allocated shares: Not disclosed) |
| Stock Split Ratio | 10-for-1 stock split; effective date: 1 July 2026 |
| Procedures under the Corporate Code of Conduct | Because the dilution ratio is less than 25% and the transaction does not involve a change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholders' intent are not required. |
| Most recent equity financing | Timing 14 March 2022 and 16 May 2022 / Type Introduction of the Stock Benefit Trust (J-ESOP) and determination of details / Amount Not disclosed |
Items this document does not state (13)
Estimated issuance expensesIntended allottee's holding policyExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentMajor 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.Because the trust is expected to acquire the shares required for future benefits to employees. The number of shares is also the number expected to be delivered to employees during the trust period under the Stock Benefit Rules, and the scale of dilution was deemed reasonable in light of the purpose of the J-ESOP.
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.