Worth reading
59In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
19828
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much19,828Shares
19,828 common shares of the Company
Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors)3 / 7,133 shares
Directors of the Company who are Audit and Supervisory Committee members (excluding outside directors who are Audit and Supervisory Committee members)1 / 104 shares
The Company's executive officers10 / 6,036 shares
Employees of the Company49 / 6,555 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.
¥2,405 per share
Total issue value
¥47,686,340
Amount of funds to be raised
Total amount paid: ¥47,686,340. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥47,686,340. Annual limit of ¥20 million for eligible directors and ¥10 million for eligible directors who are Audit and Supervisory Committee members.
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 23 July 2026 to 22 July 2029 (3 years)
Conditions for lifting transfer restrictions
The recipient must continuously hold one of the positions of director, executive officer or employee of the Company during the restricted period. In the event of retirement or resignation for a valid reason, the restrictions will be lifted in proportion to the number of months of service divided by 36.
Reason for acquisition without consideration
If, before the end of the restricted period, the recipient retires or resigns from the position of director, executive officer or employee of the Company without a reason deemed valid. In addition, if any shares remain subject to restrictions at the end of the period, or if any shares remain subject to restrictions as of the business day immediately preceding the effective date of a corporate reorganization or similar transaction, the Company will acquire those shares without consideration.
Categories and Number of Persons Covered
Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 3 / Number of allocated shares 7,133 shares, Category Directors who are Audit and Supervisory Committee members (excluding outside directors who are Audit and Supervisory Committee members) / Number of Employees 1 / Number of allocated shares 104 shares, Category Executive officers / Number of Employees 10 / Number of allocated shares 6,036 shares, Category Employees / Number of Employees 49 / Number of allocated shares 6,555 shares
Intended allottee's holding policy
During the restricted period, the shares may not be transferred to a third party, pledged, made subject to a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of. Until the restrictions are lifted, the shares will be held and maintained in a designated account at SMBC Nikko Securities Inc.
Payment date
23 July 2026
Basis for determining the amount to be paid
The closing price of the Company’s common shares on the Tokyo Stock Exchange on 24 June 2026, ¥2,405. No discount or premium applies.
Procedures under the Corporate Code of Conduct
At the 21st Annual General Meeting of Shareholders held on 25 June 2026, approval was obtained for the introduction of the restricted stock compensation plan, the limits on compensation receivables and the number of shares, the restricted period and other matters.
Impact on Business Performance
Impact on business performance from this issuance of new shares Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 19,828 common shares of the Company |
| Issue price and disposal price | ¥2,405 per share |
| Total issue value | ¥47,686,340 |
| Amount of funds to be raised | Total amount paid: ¥47,686,340. Estimated net proceeds: Not disclosed |
| Payment date | 23 July 2026 |
| Intended allottee | Category Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 3 / Number of Shares 7,133 shares, Category Directors of the Company who are Audit and Supervisory Committee members (excluding outside directors who are Audit and Supervisory Committee members) / Number of Employees 1 / Number of Shares 104 shares, Category The Company's executive officers / Number of Employees 10 / Number of Shares 6,036 shares, Category Employees of the Company / Number of Employees 49 / Number of Shares 6,555 shares |
| Intended allottee's holding policy | During the restricted period, the shares may not be transferred to a third party, pledged, made subject to a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of. Until the restrictions are lifted, the shares will be held and maintained in a designated account at SMBC Nikko Securities Inc. |
| Basis for determining the amount to be paid | The closing price of the Company’s common shares on the Tokyo Stock Exchange on 24 June 2026, ¥2,405. No discount or premium applies. |
| Transfer restriction period | From 23 July 2026 to 22 July 2029 (3 years) |
| Conditions for lifting transfer restrictions | The recipient must continuously hold one of the positions of director, executive officer or employee of the Company during the restricted period. In the event of retirement or resignation for a valid reason, the restrictions will be lifted in proportion to the number of months of service divided by 36. |
| Reason for acquisition without consideration | If, before the end of the restricted period, the recipient retires or resigns from the position of director, executive officer or employee of the Company without a reason deemed valid. In addition, if any shares remain subject to restrictions at the end of the period, or if any shares remain subject to restrictions as of the business day immediately preceding the effective date of a corporate reorganization or similar transaction, the Company will acquire those shares without consideration. |
| Categories and Number of Persons Covered | Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 3 / Number of allocated shares 7,133 shares, Category Directors who are Audit and Supervisory Committee members (excluding outside directors who are Audit and Supervisory Committee members) / Number of Employees 1 / Number of allocated shares 104 shares, Category Executive officers / Number of Employees 10 / Number of allocated shares 6,036 shares, Category Employees / Number of Employees 49 / Number of allocated shares 6,555 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥47,686,340. Annual limit of ¥20 million for eligible directors and ¥10 million for eligible directors who are Audit and Supervisory Committee members. |
| Procedures under the Corporate Code of Conduct | At the 21st Annual General Meeting of Shareholders held on 25 June 2026, approval was obtained for the introduction of the restricted stock compensation plan, the limits on compensation receivables and the number of shares, the restricted period and other matters. |
| Impact on Business Performance | Impact on business performance from this issuance of new shares Not disclosed |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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 share the benefits and risks of share price fluctuations with shareholders and strengthen recipients’ motivation to contribute to future increases in the share price and corporate value. The issuance is also intended to promote the sustained enhancement of corporate value and further value sharing with shareholders.
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