Worth reading
41Recurring
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
1200
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much1,200Shares
Treasury shares: common stock, 1,200 shares
3 executive officers who do not concurrently serve as directors, 1,200 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥4,520 per share
Total issue value
¥5,424,000
Amount of funds to be raised
No funds will be raised (through an in-kind contribution of monetary compensation claims)
Total Stock-Based Compensation
Monetary compensation claims: ¥5,424,000
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 18 June 2026 until immediately after the eligible executive officer leaves the position of executive officer without concurrently serving as a director of the Company
Conditions for lifting transfer restrictions
The transfer restrictions will be lifted on all of the shares subject to the allocation upon expiration of the transfer restriction period, provided that the eligible executive officer continuously holds the position of executive officer without concurrently serving as a director of the Company during the transfer restriction period. Separate conditions for lifting the restrictions in the event of a reorganization or similar event have also been established.
Reason for acquisition without consideration
If an eligible executive officer violates any law or regulation during the transfer restriction period or meets any other specified condition set out in the allocation agreement, the Company will acquire all of the shares subject to the allocation without consideration at that time. The Company will also acquire without consideration any shares subject to the allocation for which the transfer restrictions are not lifted.
Categories and Number of Persons Covered
3 executive officers who do not concurrently serve as directors, 1,200 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged as collateral, or otherwise disposed of. The transfer restriction period will run from 18 June 2026 until immediately after the eligible executive officer leaves the position of executive officer without concurrently serving as a director of the Company.
Payment date
18 June 2026
Basis for determining the amount to be paid
The closing price of the Company’s common stock on the Prime Market of the Tokyo Stock Exchange on 18 May 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥4,520. There is no discount or premium.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | Treasury shares: common stock, 1,200 shares |
| Issue price and disposal price | ¥4,520 per share |
| Total issue value | ¥5,424,000 |
| Amount of funds to be raised | No funds will be raised (through an in-kind contribution of monetary compensation claims) |
| Payment date | 18 June 2026 |
| Intended allottee | 3 executive officers who do not concurrently serve as directors, 1,200 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged as collateral, or otherwise disposed of. The transfer restriction period will run from 18 June 2026 until immediately after the eligible executive officer leaves the position of executive officer without concurrently serving as a director of the Company. |
| Basis for determining the amount to be paid | The closing price of the Company’s common stock on the Prime Market of the Tokyo Stock Exchange on 18 May 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥4,520. There is no discount or premium. |
| Transfer restriction period | From 18 June 2026 until immediately after the eligible executive officer leaves the position of executive officer without concurrently serving as a director of the Company |
| Conditions for lifting transfer restrictions | The transfer restrictions will be lifted on all of the shares subject to the allocation upon expiration of the transfer restriction period, provided that the eligible executive officer continuously holds the position of executive officer without concurrently serving as a director of the Company during the transfer restriction period. Separate conditions for lifting the restrictions in the event of a reorganization or similar event have also been established. |
| Reason for acquisition without consideration | If an eligible executive officer violates any law or regulation during the transfer restriction period or meets any other specified condition set out in the allocation agreement, the Company will acquire all of the shares subject to the allocation without consideration at that time. The Company will also acquire without consideration any shares subject to the allocation for which the transfer restrictions are not lifted. |
| Categories and Number of Persons Covered | 3 executive officers who do not concurrently serve as directors, 1,200 shares |
| Total Stock-Based Compensation | Monetary compensation claims: ¥5,424,000 |
Items this document does not state (14)
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 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 enhance the eligible executive officers’ awareness of their participation in management and promote the sharing of value with shareholders, thereby increasing corporate value and sustainable shareholder value over the medium to long term.
How to read this page
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