Worth reading
55In focus
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
170000
sharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares in connection with an additional contribution to a performance-based stock compensation plan
Who receives how much170,000Shares
170,000 common shares (treasury shares)
Japan Custody Bank, Ltd. (Trust E Account)170,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥12,705 per share
Total issue value
¥2,159,850,000
Amount of funds to be raised
Total payment amount ¥2,159,850,000; estimated net proceeds Not disclosed
Specific use of funds
Additional funding of the trust for future share awards to directors and other eligible persons in connection with the continuation of the plan. Additional trust funding: ¥2,159,850,000
発行済株式総数
0.11% (as a percentage of total issued shares and total 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
Directors (excluding outside directors and directors who are Audit and Supervisory Committee members) and executive officers. Number of shares allocated by number and category: Not disclosed
Payment date
27 November 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution: ¥12,705. No discount or premium rate disclosed.
Procedures under the Corporate Code of Conduct
The plan was introduced pursuant to a resolution at the annual general meeting of shareholders held on 24 June 2022.
Most recent equity financing
Timing Dated 13 May 2022 / Type Disclosure regarding the introduction of a performance-linked share compensation plan / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares in connection with an additional contribution to a performance-based stock compensation plan |
| Number of shares to be issued or disposed of | 170,000 common shares (treasury shares) |
| Issue price and disposal price | ¥12,705 per share |
| Total issue value | ¥2,159,850,000 |
| Amount of funds to be raised | Total payment amount ¥2,159,850,000; estimated net proceeds Not disclosed |
| Specific use of funds | Details and amount Additional funding of the trust for future share awards to directors and other eligible persons in connection with the continuation of the plan. Additional trust funding: ¥2,159,850,000 / Scheduled timing of expenditures Not disclosed |
| Payment date | 27 November 2026 |
| Intended allottee | Name Japan Custody Bank, Ltd. (Trust E Account) / Number of Shares 170,000 shares |
| Dilution Rate | 0.11% (as a percentage of total issued shares and total voting rights) |
| Total number of issued shares | As of 30 September 2026: 160,733,225 shares → 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 the business day immediately preceding the date of the Board of Directors' resolution: ¥12,705. No discount or premium rate disclosed. |
| Categories and Number of Persons Covered | Directors (excluding outside directors and directors who are Audit and Supervisory Committee members) and executive officers. Number of shares allocated by number and category: Not disclosed |
| Procedures under the Corporate Code of Conduct | The plan was introduced pursuant to a resolution at the annual general meeting of shareholders held on 24 June 2022. |
| Most recent equity financing | Timing Dated 13 May 2022 / Type Disclosure regarding the introduction of a performance-linked share compensation plan / Amount Not disclosed |
Items this document does not state (14)
Estimated issuance expensesIntended allottee's holding policyExercise 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 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.The trust will acquire the shares expected to be required for future benefits in connection with the continuation of the plan. The disposal corresponds to the number of shares expected to be awarded to directors and other eligible persons, and the scale of the dilution is considered reasonable in light of the purpose of the plan.
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.