Worth reading
49Recurring
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
10200
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much10,200Shares
10,200 treasury shares
4 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors; 10,200 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,378.5 per share
Amount of funds to be raised
Total payment amount of ¥24,260,700 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary compensation claims of ¥24,260,700. The total amount of monetary compensation claims granted as compensation is limited to ¥100 million per year
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 24 July 2026 until the date on which the holder ceases to hold any position as a director of the Company
Conditions for lifting transfer restrictions
The holder must remain a director of the Company continuously until the date of the first annual general meeting of shareholders held after 24 July 2026. If the holder leaves office for a justifiable reason, part of the restrictions will be lifted in proportion to the number of months in office. In the event of a corporate reorganization or other similar event, a certain proportion of the restrictions will also be lifted
Reason for acquisition without consideration
If the holder leaves office before the day preceding the date of the first annual general meeting of shareholders, except where the Board of Directors recognizes that there is a justifiable reason. In addition, if any shares remain subject to the restrictions when the restriction period expires, or if any shares remain subject to the restrictions as of the business day preceding the effective date of a corporate reorganization or other similar event
Stock Split RatioA 2-for-1 split of common shares was carried out effective 1 January 2022 and 1 April 2024
Categories and Number of Persons Covered
4 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors; 10,200 shares
Intended allottee's holding policy
During the restriction period, the shares may not be transferred to a third party, pledged, made subject to a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of. The holding policy after the transfer restrictions are lifted is Not disclosed
Payment date
24 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 7 July 2026, which was ¥2,378.5
Procedures under the Corporate Code of Conduct
At the 60th Annual General Meeting of Shareholders held on 25 June 2021, approval was obtained for the introduction of the stock compensation plan, the total amount of compensation claims and the maximum number of shares, among other matters
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 10,200 treasury shares |
| Issue price and disposal price | ¥2,378.5 per share |
| Amount of funds to be raised | Total payment amount of ¥24,260,700 (estimated net proceeds: Not disclosed) |
| Payment date | 24 July 2026 |
| Intended allottee | 4 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors; 10,200 shares |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred to a third party, pledged, made subject to a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of. The holding policy after the transfer restrictions are lifted is Not disclosed |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 7 July 2026, which was ¥2,378.5 |
| Transfer restriction period | From 24 July 2026 until the date on which the holder ceases to hold any position as a director of the Company |
| Conditions for lifting transfer restrictions | The holder must remain a director of the Company continuously until the date of the first annual general meeting of shareholders held after 24 July 2026. If the holder leaves office for a justifiable reason, part of the restrictions will be lifted in proportion to the number of months in office. In the event of a corporate reorganization or other similar event, a certain proportion of the restrictions will also be lifted |
| Reason for acquisition without consideration | If the holder leaves office before the day preceding the date of the first annual general meeting of shareholders, except where the Board of Directors recognizes that there is a justifiable reason. In addition, if any shares remain subject to the restrictions when the restriction period expires, or if any shares remain subject to the restrictions as of the business day preceding the effective date of a corporate reorganization or other similar event |
| Categories and Number of Persons Covered | 4 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors; 10,200 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥24,260,700. The total amount of monetary compensation claims granted as compensation is limited to ¥100 million per year |
| Stock Split Ratio | A 2-for-1 split of common shares was carried out effective 1 January 2022 and 1 April 2024 |
| Procedures under the Corporate Code of Conduct | At the 60th Annual General Meeting of Shareholders held on 25 June 2021, approval was obtained for the introduction of the stock compensation plan, the total amount of compensation claims and the maximum number of shares, among other matters |
Items this document does not state (13)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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 enable the eligible directors to share with shareholders both the benefits and risks of share price fluctuations and to increase their motivation to contribute to higher share prices and enhanced corporate value.
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.