Details of issuance or disposal
Disposal of treasury shares as stock-based compensation linked to performance
163,600 common shares (treasury shares)
¥237,220,000 (total disposal amount)
As this is a disposal of treasury shares, the total number of issued shares will not increase
0.23% (ratio to total shares outstanding; also 0.23% relative to the 701,961 total voting rights as of 31 March 2026)
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.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as stock-based compensation linked to performance |
| Number of shares to be issued or disposed of | 163,600 common shares (treasury shares) |
| Issue price and disposal price | ¥1,450 per share |
| Total issue value | ¥237,220,000 (total disposal amount) |
| Payment date | 20 August 2026 (disposal date) |
| Intended allottee | The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account) |
| Intended allottee's holding policy | The shares will be delivered to directors in accordance with the share delivery rules applicable to the plan. The disposal shares are not expected to enter the stock market all at once. |
| Dilution Rate | 0.23% (ratio to total shares outstanding; also 0.23% relative to the 701,961 total voting rights as of 31 March 2026) |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company’s shares on the Tokyo Stock Exchange on 29 July 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥1,450. There is no discount or premium. |
| Categories and Number of Persons Covered | Directors, excluding directors who are Audit and Supervisory Committee members and outside directors. The number of eligible persons and the breakdown of allocated shares are Not disclosed. |
| Procedures under the Corporate Code of Conduct | Because the dilution ratio is below 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholders’ intentions are not required under the Code of Corporate Conduct. |
Items this document does not state (16)
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 link between directors’ compensation and business performance and share value, promote the sharing of corporate value with shareholders, and strengthen directors’ motivation to contribute to medium- and long-term performance improvement and growth in corporate value. In addition, to replenish the shares expected to be delivered to directors during the trust period following the extension of the trust period.