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
22600
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
22,600 shares of the Company's common stock (18,200 shares for 3 directors and 4,400 shares for 4 executive officers)
The Company's directors (excluding directors who are Audit & Supervisory Committee members)3 / 18,200 shares
Executive officers of the Company4 / 4,400 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.
¥1,321 per share
Total issue value
¥29,854,600
Amount of funds to be raised
Total payment amount: ¥29,854,600; estimated net proceeds: Not disclosed (contribution in kind of compensation receivables)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥29,854,600
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 the payment date until the later of the date on which the recipient retires or resigns from the position of director or another position designated by the Company's Board of Directors, or the date on which the securities report for the fiscal year including the payment date is filed (or, in certain cases, the semiannual report).
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds the relevant position through the conclusion of the Company's first ordinary general meeting of shareholders after the payment date, all shares will be released from the transfer restrictions upon expiration of the transfer restriction period. If the recipient retires or resigns for a valid reason or due to death, a portion of the shares will be released in proportion to the period of service.
Reason for acquisition without consideration
If the recipient retires or resigns during the transfer restriction period without a valid reason, or if any shares remain subject to transfer restrictions when the restrictions are lifted. In the event of a corporate reorganization or similar event, the Company will also acquire without consideration any shares that remain subject to transfer restrictions.
Categories and Number of Persons Covered
3 of the Company's directors (excluding directors who are Audit and Supervisory Committee members): 18,200 shares; 4 of the Company's executive officers: 4,400 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and must be held and maintained in a designated account until the transfer restrictions are lifted.
Payment date
24 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 25 June 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥1,321. No discount or premium applies.
Impact on Business Performance
The impact of this disposal of treasury shares on financial results is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 22,600 shares of the Company's common stock (18,200 shares for 3 directors and 4,400 shares for 4 executive officers) |
| Issue price and disposal price | ¥1,321 per share |
| Total issue value | ¥29,854,600 |
| Amount of funds to be raised | Total payment amount: ¥29,854,600; estimated net proceeds: Not disclosed (contribution in kind of compensation receivables) |
| Payment date | 24 July 2026 |
| Intended allottee | Name The Company's directors (excluding directors who are Audit & Supervisory Committee members) / Number of Employees 3 / Number of Shares 18,200 shares, Name Executive officers of the Company / Number of Employees 4 / Number of Shares 4,400 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and must be held and maintained in a designated account until the transfer restrictions are lifted. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 25 June 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥1,321. No discount or premium applies. |
| Transfer restriction period | From the payment date until the later of the date on which the recipient retires or resigns from the position of director or another position designated by the Company's Board of Directors, or the date on which the securities report for the fiscal year including the payment date is filed (or, in certain cases, the semiannual report). |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds the relevant position through the conclusion of the Company's first ordinary general meeting of shareholders after the payment date, all shares will be released from the transfer restrictions upon expiration of the transfer restriction period. If the recipient retires or resigns for a valid reason or due to death, a portion of the shares will be released in proportion to the period of service. |
| Reason for acquisition without consideration | If the recipient retires or resigns during the transfer restriction period without a valid reason, or if any shares remain subject to transfer restrictions when the restrictions are lifted. In the event of a corporate reorganization or similar event, the Company will also acquire without consideration any shares that remain subject to transfer restrictions. |
| Categories and Number of Persons Covered | 3 of the Company's directors (excluding directors who are Audit and Supervisory Committee members): 18,200 shares; 4 of the Company's executive officers: 4,400 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥29,854,600 |
| Impact on Business Performance | The impact of this disposal of treasury shares on financial results is Not disclosed. |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 directors and executive officers with an incentive to achieve sustained growth in the Company's corporate value and to promote greater sharing of value between directors and executive officers and shareholders.
How to read this page
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