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
17703
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much17,703Shares
17,703 treasury shares
Directors of the Company (excluding outside directors)5 / 11,635 shares
The company's executive officers who do not concurrently serve as directors5 / 6,068 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.
¥1,869 per share
Total issue value
¥33,086,907
Amount of funds to be raised
Total payment amount: ¥33,086,907; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Aggregate monetary receivables of ¥33,086,907. The annual compensation limit for eligible directors is ¥50 million or less.
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 9 July 2026 until immediately after the point at which the recipient resigns or retires from any position as a director of the Company, an executive officer who does not concurrently serve as a director, a corporate auditor, an employee, or any other equivalent position
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiration of the transfer restriction period, provided that the recipient continuously holds one of the positions of director of the Company, executive officer who does not concurrently serve as a director, corporate auditor, employee, or any other equivalent position during the fiscal year containing the payment date. In the event of resignation or retirement for a valid reason, the restrictions will be lifted in proportion to the number of months served.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or when the transfer restrictions are lifted, the Company will acquire without consideration any of the allocated shares whose transfer restrictions have not been lifted. In the event of a corporate reorganization or other similar event, the Company will likewise acquire without consideration any shares whose transfer restrictions have not been lifted.
Categories and Number of Persons Covered
5 of the Company's directors, excluding outside directors, and 11,635 shares; 5 of the Company's executive officers who do not concurrently serve as directors, and 6,068 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to any third party, pledged or otherwise disposed of. During the transfer restriction period, they will be managed in a designated account at Nomura Securities Co., Ltd.
Payment date
9 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 15 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,869. No discount or premium rate was disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 17,703 treasury shares |
| Issue price and disposal price | ¥1,869 per share |
| Total issue value | ¥33,086,907 |
| Amount of funds to be raised | Total payment amount: ¥33,086,907; estimated net proceeds: Not disclosed |
| Payment date | 9 July 2026 |
| Intended allottee | Name Directors of the Company (excluding outside directors) / Number of Employees 5 / Number of Shares 11,635 shares, Name The company's executive officers who do not concurrently serve as directors / Number of Employees 5 / Number of Shares 6,068 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to any third party, pledged or otherwise disposed of. During the transfer restriction period, they will be managed in a designated account at Nomura Securities Co., Ltd. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 15 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,869. No discount or premium rate was disclosed. |
| Transfer restriction period | From 9 July 2026 until immediately after the point at which the recipient resigns or retires from any position as a director of the Company, an executive officer who does not concurrently serve as a director, a corporate auditor, an employee, or any other equivalent position |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiration of the transfer restriction period, provided that the recipient continuously holds one of the positions of director of the Company, executive officer who does not concurrently serve as a director, corporate auditor, employee, or any other equivalent position during the fiscal year containing the payment date. In the event of resignation or retirement for a valid reason, the restrictions will be lifted in proportion to the number of months served. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or when the transfer restrictions are lifted, the Company will acquire without consideration any of the allocated shares whose transfer restrictions have not been lifted. In the event of a corporate reorganization or other similar event, the Company will likewise acquire without consideration any shares whose transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | 5 of the Company's directors, excluding outside directors, and 11,635 shares; 5 of the Company's executive officers who do not concurrently serve as directors, and 6,068 shares |
| Total Stock-Based Compensation | Aggregate monetary receivables of ¥33,086,907. The annual compensation limit for eligible directors is ¥50 million or less. |
Items this document does not state (14)
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 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 encourage the eligible directors and other recipients to pursue the sustained enhancement of corporate value and promote the sharing of value with shareholders. In determining this grant, the Company considered the purpose of the plan, the Company's business conditions, the scope of responsibilities of each eligible director and other recipient, and other relevant factors.
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