Worth reading
40Recurring
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
11500
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much11,500Shares
11,500 shares of the Company's common stock (treasury shares)
2 directors of the Company (excluding outside directors)11,500 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,339 per share
Total issue value
¥26,898,500
Total Stock-Based Compensation
Total monetary receivables of ¥26,898,500. The annual compensation limit for eligible directors is ¥50 million.
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
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 24 August 2026 until immediately after the recipient ceases to hold any position as a director of the Company, an executive officer who does not concurrently serve as a director, a statutory auditor, an employee or any other equivalent position.
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds the applicable position during the fiscal year containing the payment date, the transfer restrictions on all of the allocated shares will be lifted upon expiration of the transfer restriction period. If the recipient ceases to hold the position for a legitimate reason, the transfer restrictions on the number of shares corresponding to the number of months of service will be lifted immediately after the recipient's departure.
Reason for acquisition without consideration
The Company will acquire without consideration any allocated shares whose transfer restrictions have not been lifted as of the expiration of the transfer restriction period or the time when the transfer restrictions are lifted.
Categories and Number of Persons Covered
2 directors of the Company (excluding outside directors); 11,500 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to any third party, pledged as collateral or otherwise disposed of. The shares will be managed in a dedicated account.
Payment date
24 August 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 29 July 2026 was ¥2,339. The price was determined based on the closing price on the business day immediately preceding the date of the Board of Directors' resolution and is not deemed to be a particularly favorable price.
Procedures under the Corporate Code of Conduct
The resolution was approved by the Board of Directors following a recommendation from the Officer Personnel and Compensation Committee. The system and compensation limits were previously approved at the ordinary general meeting of shareholders held on 13 June 2025.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 11,500 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥2,339 per share |
| Total issue value | ¥26,898,500 |
| Payment date | 24 August 2026 |
| Intended allottee | Name 2 directors of the Company (excluding outside directors) / Number of Shares 11,500 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to any third party, pledged as collateral or otherwise disposed of. The shares will be managed in a dedicated account. |
| Total number of issued shares | As this is a disposal of treasury 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 shares on the Tokyo Stock Exchange Prime Market on 29 July 2026 was ¥2,339. The price was determined based on the closing price on the business day immediately preceding the date of the Board of Directors' resolution and is not deemed to be a particularly favorable price. |
| Transfer restriction period | From 24 August 2026 until immediately after the recipient ceases to hold any position as a director of the Company, an executive officer who does not concurrently serve as a director, a statutory auditor, an employee or any other equivalent position. |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds the applicable position during the fiscal year containing the payment date, the transfer restrictions on all of the allocated shares will be lifted upon expiration of the transfer restriction period. If the recipient ceases to hold the position for a legitimate reason, the transfer restrictions on the number of shares corresponding to the number of months of service will be lifted immediately after the recipient's departure. |
| Reason for acquisition without consideration | The Company will acquire without consideration any allocated shares whose transfer restrictions have not been lifted as of the expiration of the transfer restriction period or the time when the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | 2 directors of the Company (excluding outside directors); 11,500 shares |
| Total Stock-Based Compensation | Total monetary receivables of ¥26,898,500. The annual compensation limit for eligible directors is ¥50 million. |
| Procedures under the Corporate Code of Conduct | The resolution was approved by the Board of Directors following a recommendation from the Officer Personnel and Compensation Committee. The system and compensation limits were previously approved at the ordinary general meeting of shareholders held on 13 June 2025. |
Items this document does not state (13)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateExercise 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 encourage initiatives aimed at sustainably increasing corporate value and promote value sharing with shareholders. In this instance, the Company is also increasing stock-based compensation to build closer relationships with 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.