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
63138830
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much3,746Shares
3,746 shares of the Company's common stock (treasury shares)
The Company's directors (excluding outside directors and foreign directors)4 / 2,020 shares
The Company's executive officers10 / 1,726 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.
¥16,855 per share
Amount of funds to be raised
Total payment amount: ¥63,138,830; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥63,138,830. The total amount of monetary compensation claims for eligible directors is capped at ¥80 million per year.
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 8 May 2026 until the date on which the recipient ceases to hold any position as a director or executive officer of the Company. For executive officers, this period lasts until the later of the date of retirement as an executive officer and the mandatory retirement date under the Company's work rules.
Conditions for lifting transfer restrictions
Directors must continuously hold one of the positions of director, executive officer or employee of the Company until the first annual general meeting of shareholders held after 8 May 2026. Executive officers must do so until the last day of the fiscal year first ending after 8 May 2026. In the event of resignation or retirement for a legitimate reason, the restrictions will be lifted in part according to the number of months in office or employment.
Reason for acquisition without consideration
If the recipient resigns or retires without a legitimate reason before the prescribed time, if any shares remain subject to the restrictions when the restricted period expires, or if the restrictions have not been lifted in connection with a corporate reorganization or similar transaction.
Categories and Number of Persons Covered
Category The Company's directors (excluding outside directors and foreign directors) / Number of Employees 4 / Number of allocated shares 2,020 shares, Category The Company's executive officers / Number of Employees 10 / Number of allocated shares 1,726 shares
Intended allottee's holding policy
During the restricted period, the shares may not be transferred, pledged, used to create a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of in any manner. The holding policy after the restrictions are lifted is Not disclosed.
Payment date
8 May 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 April 2026 was ¥16,855. No discount or premium rate was stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 3,746 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥16,855 per share |
| Amount of funds to be raised | Total payment amount: ¥63,138,830; estimated net proceeds: Not disclosed |
| Payment date | 8 May 2026 |
| Intended allottee | Name The Company's directors (excluding outside directors and foreign directors) / Number of Employees 4 / Number of Shares 2,020 shares, Name The Company's executive officers / Number of Employees 10 / Number of Shares 1,726 shares |
| Intended allottee's holding policy | During the restricted period, the shares may not be transferred, pledged, used to create a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of in any manner. The holding policy after the restrictions are lifted is Not disclosed. |
| 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 stock on the Tokyo Stock Exchange on 22 April 2026 was ¥16,855. No discount or premium rate was stated. |
| Transfer restriction period | From 8 May 2026 until the date on which the recipient ceases to hold any position as a director or executive officer of the Company. For executive officers, this period lasts until the later of the date of retirement as an executive officer and the mandatory retirement date under the Company's work rules. |
| Conditions for lifting transfer restrictions | Directors must continuously hold one of the positions of director, executive officer or employee of the Company until the first annual general meeting of shareholders held after 8 May 2026. Executive officers must do so until the last day of the fiscal year first ending after 8 May 2026. In the event of resignation or retirement for a legitimate reason, the restrictions will be lifted in part according to the number of months in office or employment. |
| Reason for acquisition without consideration | If the recipient resigns or retires without a legitimate reason before the prescribed time, if any shares remain subject to the restrictions when the restricted period expires, or if the restrictions have not been lifted in connection with a corporate reorganization or similar transaction. |
| Categories and Number of Persons Covered | Category The Company's directors (excluding outside directors and foreign directors) / Number of Employees 4 / Number of allocated shares 2,020 shares, Category The Company's executive officers / Number of Employees 10 / Number of allocated shares 1,726 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥63,138,830. The total amount of monetary compensation claims for eligible directors is capped at ¥80 million per year. |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateExercise 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 provide directors and executive officers with an incentive to achieve sustained growth in corporate value and to promote the sharing of value with shareholders.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.