Worth reading
49Recurring
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
190000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of New Shares and Disposal of Treasury Shares as Restricted Stock Compensation
Who receives how much
New shares Ordinary shares: 20,000 shares / Treasury shares Common shares 170,000 shares
The Company's employees1 / 20,000 new shares
Directors of the company3 / 160,000 treasury shares
The Company's employees1 / 10,000 treasury 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.
¥803 per share
Total issue value
¥16,060,000
Amount of funds to be raised
Issuance of new shares: ¥16,060,000; disposal of treasury shares: ¥136,510,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary claims: ¥152,570,000. The annual compensation limit for eligible directors is ¥200 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 28 October 2026 to 28 October 2030. Restrictions on 25% of each allotment of shares will be lifted annually. For a director who leaves office upon the conclusion of the applicable annual general meeting of shareholders, the restriction period will last until the time of departure.
Conditions for lifting transfer restrictions
The recipient must continuously remain a director or employee of the Company or one of its subsidiaries during the transfer restriction period. In the event of departure or retirement for a valid reason, the number of shares and timing of the lifting of transfer restrictions will be adjusted reasonably.
Reason for acquisition without consideration
If the recipient leaves the position of director or employee of the Company or one of its subsidiaries before the transfer restriction period expires, except where the Board of Directors recognizes a valid reason. Also, any shares whose transfer restrictions have not been lifted when the period expires, and any shares exceeding the number corresponding to the period of service even where there is a valid reason.
Categories and Number of Persons Covered
Category The Company's directors (excluding outside directors) / Number of Employees 3 / Number of allocated shares 160,000 shares, Category The Company's employees / Number of Employees 1 / Number of allocated shares 30,000 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. Transfer restrictions will be lifted in equal one-quarter increments annually from the allotment date.
Payment date
28 October 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 28 September 2026 was ¥803. Discount rate and premium rate: Not disclosed.
Procedures under the Corporate Code of Conduct
At the 50th Annual General Meeting of Shareholders held on 29 September 2026, approval was obtained for the introduction of this plan, the compensation limit in the form of monetary claims for eligible directors, the number of shares and other matters.
Impact on Business Performance
Impact on financial results: Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of New Shares and Disposal of Treasury Shares as Restricted Stock Compensation |
| Number of shares to be issued or disposed of | New shares Ordinary shares: 20,000 shares / Treasury shares Common shares 170,000 shares |
| Issue price and disposal price | ¥803 per share |
| Total issue value | ¥16,060,000 |
| Amount of funds to be raised | Issuance of new shares: ¥16,060,000; disposal of treasury shares: ¥136,510,000; estimated net proceeds: Not disclosed |
| Payment date | 28 October 2026 |
| Intended allottee | Category The Company's employees / Number of Employees 1 / Number of Shares 20,000 new shares, Category Directors of the company / Number of Employees 3 / Number of Shares 160,000 treasury shares, Category The Company's employees / Number of Employees 1 / Number of Shares 10,000 treasury shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. Transfer restrictions will be lifted in equal one-quarter increments annually from the allotment date. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 28 September 2026 was ¥803. Discount rate and premium rate: Not disclosed. |
| Transfer restriction period | From 28 October 2026 to 28 October 2030. Restrictions on 25% of each allotment of shares will be lifted annually. For a director who leaves office upon the conclusion of the applicable annual general meeting of shareholders, the restriction period will last until the time of departure. |
| Conditions for lifting transfer restrictions | The recipient must continuously remain a director or employee of the Company or one of its subsidiaries during the transfer restriction period. In the event of departure or retirement for a valid reason, the number of shares and timing of the lifting of transfer restrictions will be adjusted reasonably. |
| Reason for acquisition without consideration | If the recipient leaves the position of director or employee of the Company or one of its subsidiaries before the transfer restriction period expires, except where the Board of Directors recognizes a valid reason. Also, any shares whose transfer restrictions have not been lifted when the period expires, and any shares exceeding the number corresponding to the period of service even where there is a valid reason. |
| Categories and Number of Persons Covered | Category The Company's directors (excluding outside directors) / Number of Employees 3 / Number of allocated shares 160,000 shares, Category The Company's employees / Number of Employees 1 / Number of allocated shares 30,000 shares |
| Total Stock-Based Compensation | Total monetary claims: ¥152,570,000. The annual compensation limit for eligible directors is ¥200 million or less. |
| Procedures under the Corporate Code of Conduct | At the 50th Annual General Meeting of Shareholders held on 29 September 2026, approval was obtained for the introduction of this plan, the compensation limit in the form of monetary claims for eligible directors, the number of shares and other matters. |
| Impact on Business Performance | Impact on financial results: 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 provide an incentive for the sustained enhancement of the Company's corporate value and to further promote the sharing of value with shareholders.
How to read this page
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