Worth reading
48Recurring
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
17100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as performance-linked restricted stock compensation and restricted stock compensation
Who receives how much17,100Shares
17,100 common shares of the Company (treasury shares)
Performance-linked restricted stock compensation: 3 directors of a subsidiary (excluding outside directors)1,900 shares
Restricted stock compensation: 2 directors (excluding outside directors)4,900 shares
Restricted stock compensation: 5 directors of subsidiaries (excluding outside directors)10,300 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.
¥1,715 per share
Total issue value
¥29,326,500
Amount of funds to be raised
The monetary compensation receivables of ¥29,326,500 will be contributed in kind. The estimated net proceeds are Not disclosed
Total Stock-Based Compensation
Performance-linked restricted stock compensation: up to ¥50 million per year. Restricted stock compensation: up to ¥25 million per year for directors who are not Audit and Supervisory Committee Members, and up to ¥5 million per year for directors who are Audit and Supervisory Committee Members. The total monetary compensation receivables for this transaction are ¥29,326,500.
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
Not applicable (disposal of treasury shares only)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
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 20 November 2026 until the recipient ceases to hold any position as a director of the Company or its subsidiaries
Conditions for lifting transfer restrictions
In principle, all shares will be released from the transfer restrictions upon expiration of the transfer restriction period, provided that the recipient has continuously held a position as a director of the Company or its subsidiaries during that period. In cases such as death, expiration of the term of office, retirement age, or retirement for another legitimate reason, the transfer restrictions will be released for the shares specified in the agreement.
Reason for acquisition without consideration
If it is determined that the recipient has ceased to hold any position as a director of the Company or its subsidiaries without a legitimate reason, the Company will acquire all of the shares without consideration. The Company will also acquire without consideration any shares subject to the circumstances specified in the allocation agreement or for which the transfer restrictions have not been released.
Categories and Number of Persons Covered
3 directors of subsidiaries (excluding outside directors), 1,900 shares; 2 directors (excluding outside directors), 4,900 shares; and 5 directors of subsidiaries (excluding outside directors), 10,300 shares. The total number of recipient directors is 7.
Intended allottee's holding policy
To provide an incentive for the sustainable enhancement of corporate value and achieve the sharing of value with shareholders, the transfer restriction period will last until the recipient ceases to be a director. During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of.
Payment date
20 November 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Standard Market of the Tokyo Stock Exchange on 19 October 2026, ¥1,715. No discount or premium rate is stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as performance-linked restricted stock compensation and restricted stock compensation |
| Number of shares to be issued or disposed of | 17,100 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,715 per share |
| Total issue value | ¥29,326,500 |
| Amount of funds to be raised | The monetary compensation receivables of ¥29,326,500 will be contributed in kind. The estimated net proceeds are Not disclosed |
| Payment date | 20 November 2026 |
| Intended allottee | Category Performance-linked restricted stock compensation: 3 directors of a subsidiary (excluding outside directors) / Number of Shares 1,900 shares, Category Restricted stock compensation: 2 directors (excluding outside directors) / Number of Shares 4,900 shares, Category Restricted stock compensation: 5 directors of subsidiaries (excluding outside directors) / Number of Shares 10,300 shares |
| Intended allottee's holding policy | To provide an incentive for the sustainable enhancement of corporate value and achieve the sharing of value with shareholders, the transfer restriction period will last until the recipient ceases to be a director. During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. |
| Dilution Rate | Not applicable (disposal of treasury shares only) |
| 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 Standard Market of the Tokyo Stock Exchange on 19 October 2026, ¥1,715. No discount or premium rate is stated. |
| Transfer restriction period | From 20 November 2026 until the recipient ceases to hold any position as a director of the Company or its subsidiaries |
| Conditions for lifting transfer restrictions | In principle, all shares will be released from the transfer restrictions upon expiration of the transfer restriction period, provided that the recipient has continuously held a position as a director of the Company or its subsidiaries during that period. In cases such as death, expiration of the term of office, retirement age, or retirement for another legitimate reason, the transfer restrictions will be released for the shares specified in the agreement. |
| Reason for acquisition without consideration | If it is determined that the recipient has ceased to hold any position as a director of the Company or its subsidiaries without a legitimate reason, the Company will acquire all of the shares without consideration. The Company will also acquire without consideration any shares subject to the circumstances specified in the allocation agreement or for which the transfer restrictions have not been released. |
| Categories and Number of Persons Covered | 3 directors of subsidiaries (excluding outside directors), 1,900 shares; 2 directors (excluding outside directors), 4,900 shares; and 5 directors of subsidiaries (excluding outside directors), 10,300 shares. The total number of recipient directors is 7. |
| Total Stock-Based Compensation | Performance-linked restricted stock compensation: up to ¥50 million per year. Restricted stock compensation: up to ¥25 million per year for directors who are not Audit and Supervisory Committee Members, and up to ¥5 million per year for directors who are Audit and Supervisory Committee Members. The total monetary compensation receivables for this transaction are ¥29,326,500. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsExercise 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 an incentive for the sustainable enhancement of corporate value and promote the sharing of value between the recipient directors and 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.