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
23236
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much23,236Shares
23,236 shares of the Company's common stock (treasury shares)
The Company's directors (excluding outside directors and directors seconded from other companies)4 / 17,594 shares
The Company's executive officers (excluding executive officers seconded from other companies)6 / 5,642 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.
¥903 per share
Total issue value
¥20,982,108
Total Stock-Based Compensation
Total monetary remuneration claims of ¥20,982,108
発行済株式総数
The total number of issued shares will not increase
Not applicable (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 21 July 2026 until immediately after the relevant officer ceases to hold the position specified in advance by the Company's Board of Directors
Conditions for lifting transfer restrictions
The recipient must continuously hold the position of director or executive officer of the Company through the date of the Company's first annual general meeting of shareholders held after the commencement date of the restriction period. In the event of departure for a valid reason, a portion of the restrictions will be lifted in proportion to the period of service.
Reason for acquisition without consideration
If, without a valid reason, the recipient ceases to hold the prescribed officer position before the day preceding the date of the Company's first annual general meeting of shareholders held after the commencement date of the restriction period. In addition, if any shares remain subject to transfer restrictions when the restriction period expires, the Company will acquire those shares without consideration. In the event of a corporate reorganization or similar transaction, the Company will also acquire any shares whose restrictions have not been lifted.
Categories and Number of Persons Covered
4 directors of the Company, 17,594 shares; 6 executive officers of the Company, 5,642 shares
Intended allottee's holding policy
During the restriction period, the shares may not be transferred to any third party, pledged, used to establish a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any manner.
Payment date
21 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 22 June 2026, which was ¥903. The closing price on the business day immediately preceding the pricing date was used, with no discount or premium.
Procedures under the Corporate Code of Conduct
Approval was obtained at the 82nd Annual General Meeting of Shareholders held on 18 June 2019 and the 88th Annual General Meeting of Shareholders held on 25 June 2025 for this plan and amendments to the related restriction periods, grounds for acquisition without consideration and conditions for lifting the restrictions.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 23,236 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥903 per share |
| Total issue value | ¥20,982,108 |
| Payment date | 21 July 2026 |
| Intended allottee | Category The Company's directors (excluding outside directors and directors seconded from other companies) / Number of Employees 4 / Number of Shares 17,594 shares, Category The Company's executive officers (excluding executive officers seconded from other companies) / Number of Employees 6 / Number of Shares 5,642 shares |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred to any third party, pledged, used to establish a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any manner. |
| Dilution Rate | Not applicable (disposal of treasury shares) |
| Total number of issued shares | The total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 22 June 2026, which was ¥903. The closing price on the business day immediately preceding the pricing date was used, with no discount or premium. |
| Transfer restriction period | From 21 July 2026 until immediately after the relevant officer ceases to hold the position specified in advance by the Company's Board of Directors |
| Conditions for lifting transfer restrictions | The recipient must continuously hold the position of director or executive officer of the Company through the date of the Company's first annual general meeting of shareholders held after the commencement date of the restriction period. In the event of departure for a valid reason, a portion of the restrictions will be lifted in proportion to the period of service. |
| Reason for acquisition without consideration | If, without a valid reason, the recipient ceases to hold the prescribed officer position before the day preceding the date of the Company's first annual general meeting of shareholders held after the commencement date of the restriction period. In addition, if any shares remain subject to transfer restrictions when the restriction period expires, the Company will acquire those shares without consideration. In the event of a corporate reorganization or similar transaction, the Company will also acquire any shares whose restrictions have not been lifted. |
| Categories and Number of Persons Covered | 4 directors of the Company, 17,594 shares; 6 executive officers of the Company, 5,642 shares |
| Total Stock-Based Compensation | Total monetary remuneration claims of ¥20,982,108 |
| Procedures under the Corporate Code of Conduct | Approval was obtained at the 82nd Annual General Meeting of Shareholders held on 18 June 2019 and the 88th Annual General Meeting of Shareholders held on 25 June 2025 for this plan and amendments to the related restriction periods, grounds for acquisition without consideration and conditions for lifting the restrictions. |
Items this document does not state (12)
Amount of funds to be raisedEstimated 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 enable the recipients to share with shareholders both the benefits and risks of share price fluctuations and to increase their motivation to contribute to an increase in the share price and corporate value. The allocation amount was determined after comprehensively taking into account each recipient's contribution and other factors.
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