Worth reading
45Recurring
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
21100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much21,100Shares
21,100 treasury shares
4 directors of the company, excluding outside directors; 21,100 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥4,057 per share
Total issue value
¥85,602,700
Amount of funds to be raised
Total monetary receivables: ¥85,602,700; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary receivables: ¥85,602,700
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
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
50 years (from 10 November 2026 to 9 November 2076)
Conditions for lifting transfer restrictions
Throughout the transfer restriction period, the individual must continuously hold one of the following positions at the company or one of its subsidiaries: director, executive officer, executive vice president who does not concurrently serve as a director, audit & supervisory board member, or employee. If the individual leaves office or employment upon expiration of the term, mandatory retirement or for another legitimate reason, the restrictions will be lifted immediately thereafter.
Reason for acquisition without consideration
The company will acquire without consideration any shares whose transfer restrictions remain in place upon expiration of the transfer restriction period or when the restrictions are lifted due to the individual's departure from office or employment. The company will likewise acquire without consideration any shares whose restrictions remain in place in the event of a corporate reorganisation or similar transaction.
Categories and Number of Persons Covered
4 directors of the company, excluding outside directors; 21,100 shares
Intended allottee's holding policy
The transfer restriction period is set at 50 years to achieve long-term sharing of shareholder value. During this period, transfers to third parties, the creation of security interests and any other disposition are prohibited.
Payment date
10 November 2026
Basis for determining the amount to be paid
Closing price of ¥4,057 on the Tokyo Stock Exchange Prime Market on 29 September 2026. This was the closing price on the business day preceding 30 September 2026, with no discount or premium.
Procedures under the Corporate Code of Conduct
At the 43rd Annual General Meeting of Shareholders held on 26 November 2021, approval was obtained for annual compensation of up to ¥300 million under this plan, a total of up to 120,000 common shares per year, and transfer restriction periods ranging from 3 to 50 years. This matter was deliberated by the Compensation Advisory Committee.
Impact on Business Performance
The impact of this disposal of treasury shares on business performance 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 | 21,100 treasury shares |
| Issue price and disposal price | ¥4,057 per share |
| Total issue value | ¥85,602,700 |
| Amount of funds to be raised | Total monetary receivables: ¥85,602,700; estimated net proceeds: Not disclosed |
| Payment date | 10 November 2026 |
| Intended allottee | 4 directors of the company, excluding outside directors; 21,100 shares |
| Intended allottee's holding policy | The transfer restriction period is set at 50 years to achieve long-term sharing of shareholder value. During this period, transfers to third parties, the creation of security interests and any other disposition are prohibited. |
| Total number of issued shares | The total number of issued shares will not increase because this is a disposal of treasury shares. |
| Basis for determining the amount to be paid | Closing price of ¥4,057 on the Tokyo Stock Exchange Prime Market on 29 September 2026. This was the closing price on the business day preceding 30 September 2026, with no discount or premium. |
| Transfer restriction period | 50 years (from 10 November 2026 to 9 November 2076) |
| Conditions for lifting transfer restrictions | Throughout the transfer restriction period, the individual must continuously hold one of the following positions at the company or one of its subsidiaries: director, executive officer, executive vice president who does not concurrently serve as a director, audit & supervisory board member, or employee. If the individual leaves office or employment upon expiration of the term, mandatory retirement or for another legitimate reason, the restrictions will be lifted immediately thereafter. |
| Reason for acquisition without consideration | The company will acquire without consideration any shares whose transfer restrictions remain in place upon expiration of the transfer restriction period or when the restrictions are lifted due to the individual's departure from office or employment. The company will likewise acquire without consideration any shares whose restrictions remain in place in the event of a corporate reorganisation or similar transaction. |
| Categories and Number of Persons Covered | 4 directors of the company, excluding outside directors; 21,100 shares |
| Total Stock-Based Compensation | Total monetary receivables: ¥85,602,700 |
| Procedures under the Corporate Code of Conduct | At the 43rd Annual General Meeting of Shareholders held on 26 November 2021, approval was obtained for annual compensation of up to ¥300 million under this plan, a total of up to 120,000 common shares per year, and transfer restriction periods ranging from 3 to 50 years. This matter was deliberated by the Compensation Advisory Committee. |
| Impact on Business Performance | The impact of this disposal of treasury shares on business performance is not disclosed |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsDilution RateExercise 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.The compensation was determined to provide incentives for the sustained enhancement of corporate value and to share value with shareholders, following deliberation by the Compensation Advisory Committee and taking into consideration the company's business performance, achievement of key ESG and other targets, and the responsibilities of each eligible director.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.