Worth reading
47Recurring
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
53576
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much53,576Shares
53,576 shares of the Company's common stock (treasury shares)
2 of the Company's directors, excluding directors who are Audit and Supervisory Committee members and outside directors12,010 shares
21 executive officers of the Company41,566 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.
¥1,099 per share
Total issue value
¥58,880,024
Amount of funds to be raised
Total payment amount: ¥58,880,024. No estimated net proceeds disclosed.
Total Stock-Based Compensation
Total monetary compensation claims: ¥58,880,024. The compensation framework provides for annual compensation of up to ¥100 million.
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 the payment date until the date on which the recipient retires or resigns from either the position of director or executive officer, or, if later, the date on which the period required for purposes of applying Article 2-12, item 1 of the Order for Enforcement of the Financial Instruments and Exchange Act expires
Conditions for lifting transfer restrictions
The recipient must continuously hold the position of director or executive officer from the date of the Company's annual general meeting of shareholders immediately preceding the payment date until the conclusion of the first annual general meeting of shareholders to be held thereafter. For executive officers, the period runs from the first day of the fiscal year in which the payment date falls through the end of that fiscal year. In the event of retirement or resignation for a valid reason, or death, the restrictions will be lifted in part in proportion to the period of service. A prescribed proportion of the restrictions will also be lifted in the event of a corporate reorganization or similar transaction.
Reason for acquisition without consideration
If the recipient retires or resigns from both the position of director and the position of executive officer without a valid reason during the service period. Also, if any shares remain subject to transfer restrictions when the restrictions are scheduled to be lifted, or if any shares remain subject to the restrictions after the restrictions have been lifted due to a corporate reorganization or similar transaction.
Categories and Number of Persons Covered
2 of the Company's directors, excluding directors who are Audit and Supervisory Committee members and outside directors: 12,010 shares; 21 executive officers of the Company: 41,566 shares
Intended allottee's holding policy
From the payment date until the date on which the recipient retires or resigns from either the position of director or executive officer, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of. No holding policy after the restrictions are lifted is disclosed.
Payment date
24 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 24 June 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥1,099. No discount or premium is disclosed.
Impact on Business Performance
No information was provided regarding the impact of this matter on business performance.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 53,576 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,099 per share |
| Total issue value | ¥58,880,024 |
| Amount of funds to be raised | Total payment amount: ¥58,880,024. No estimated net proceeds disclosed. |
| Payment date | 24 July 2026 |
| Intended allottee | Category 2 of the Company's directors, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Shares 12,010 shares, Category 21 executive officers of the Company / Number of Shares 41,566 shares |
| Intended allottee's holding policy | From the payment date until the date on which the recipient retires or resigns from either the position of director or executive officer, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of. No holding policy after the restrictions are lifted is disclosed. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 24 June 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥1,099. No discount or premium is disclosed. |
| Transfer restriction period | From the payment date until the date on which the recipient retires or resigns from either the position of director or executive officer, or, if later, the date on which the period required for purposes of applying Article 2-12, item 1 of the Order for Enforcement of the Financial Instruments and Exchange Act expires |
| Conditions for lifting transfer restrictions | The recipient must continuously hold the position of director or executive officer from the date of the Company's annual general meeting of shareholders immediately preceding the payment date until the conclusion of the first annual general meeting of shareholders to be held thereafter. For executive officers, the period runs from the first day of the fiscal year in which the payment date falls through the end of that fiscal year. In the event of retirement or resignation for a valid reason, or death, the restrictions will be lifted in part in proportion to the period of service. A prescribed proportion of the restrictions will also be lifted in the event of a corporate reorganization or similar transaction. |
| Reason for acquisition without consideration | If the recipient retires or resigns from both the position of director and the position of executive officer without a valid reason during the service period. Also, if any shares remain subject to transfer restrictions when the restrictions are scheduled to be lifted, or if any shares remain subject to the restrictions after the restrictions have been lifted due to a corporate reorganization or similar transaction. |
| Categories and Number of Persons Covered | 2 of the Company's directors, excluding directors who are Audit and Supervisory Committee members and outside directors: 12,010 shares; 21 executive officers of the Company: 41,566 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥58,880,024. The compensation framework provides for annual compensation of up to ¥100 million. |
| Impact on Business Performance | No information was provided regarding the impact of this matter on business performance. |
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 directors and executive officers with an incentive to achieve sustainable growth in corporate value and promote value sharing with shareholders, thereby enhancing corporate value over the medium to long term.
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