Worth reading
52Recurring
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
0.05
Dilution rate (%)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as share-based compensation (disposal to a trust for the employee incentive plan)
Who receives how much2,400Shares
Treasury shares: 2,400 common shares
Sumitomo Mitsui Trust Bank, Limited (trust account) (re-trustee: Custody Bank of Japan, Ltd. (trust account)): 2,400 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥3,770 per share
発行済株式総数
0.05% of the total number of shares issued and 0.06% of the total number of voting rights
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.
Categories and Number of Persons Covered
Employees meeting the beneficiary requirements: number of employees and number of shares allocated not disclosed
Intended allottee's holding policy
The shares will be held for the purpose of delivering the Company's shares to employees who meet the beneficiary requirements during the trust period, in accordance with the plan.
Payment date
2 June 2026
Basis for determining the amount to be paid
The closing price of ¥3,770 on the Tokyo Stock Exchange on 13 May 2026, the business day immediately preceding the date of the Board of Directors' resolution. The discount rate and premium rate are not disclosed.
Procedures under the Corporate Code of Conduct
An independent third party, independent of the Company and its officers, will serve as the trust administrator.
Most recent equity financing
Timing February 2016 / Type Introduction of an Employee Stock Ownership Plan Trust / Amount Not disclosed
Impact on Business Performance
The Company believes that the plan will contribute to enhancing its corporate value over the medium to long term. The Company also believes that the number of shares disposed of and the level of dilution resulting from this disposal of treasury shares are reasonable and that the impact on the secondary market will be limited.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as share-based compensation (disposal to a trust for the employee incentive plan) |
| Number of shares to be issued or disposed of | Treasury shares: 2,400 common shares |
| Issue price and disposal price | ¥3,770 per share |
| Payment date | 2 June 2026 |
| Intended allottee | Sumitomo Mitsui Trust Bank, Limited (trust account) (re-trustee: Custody Bank of Japan, Ltd. (trust account)): 2,400 shares |
| Intended allottee's holding policy | The shares will be held for the purpose of delivering the Company's shares to employees who meet the beneficiary requirements during the trust period, in accordance with the plan. |
| Dilution Rate | 0.05% of the total number of shares issued and 0.06% of the total number of voting rights |
| Total number of issued shares | 4,700,000 shares → Not disclosed |
| Basis for determining the amount to be paid | The closing price of ¥3,770 on the Tokyo Stock Exchange on 13 May 2026, the business day immediately preceding the date of the Board of Directors' resolution. The discount rate and premium rate are not disclosed. |
| Categories and Number of Persons Covered | Employees meeting the beneficiary requirements: number of employees and number of shares allocated not disclosed |
| Procedures under the Corporate Code of Conduct | An independent third party, independent of the Company and its officers, will serve as the trust administrator. |
| Most recent equity financing | Timing February 2016 / Type Introduction of an Employee Stock Ownership Plan Trust / Amount Not disclosed |
| Impact on Business Performance | The Company believes that the plan will contribute to enhancing its corporate value over the medium to long term. The Company also believes that the number of shares disposed of and the level of dilution resulting from this disposal of treasury shares are reasonable and that the impact on the secondary market will be limited. |
Items this document does not state (15)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor 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 clarify the linkage between employee compensation and the value of the Company's shares and thereby contribute to the enhancement of corporate value over the medium to long term. The Company will also dispose of a number of shares equivalent to the number expected to be delivered to employees during the extended trust period.
How to read this page
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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.