Worth reading
50Recurring
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
5900
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares under a performance-linked equity compensation plan
Who receives how much5,900Shares
5,900 shares of the Company's common stock (treasury shares)
2 executive directors1,600 shares
2 delegated executive officers1,000 shares
5 employed executive officers1,000 shares
12 trustees2,300 shares
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
¥2,866 per share
Total issue value
¥16,909,400
Amount of funds to be raised
Total payment amount: ¥16,909,400; estimated net proceeds: not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥16,909,400. For executive directors, the compensation framework provides for up to 10,000 shares per year and annual compensation of up to ¥35 million.
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
Categories and Number of Persons Covered
Category Executive directors / Number of Employees 2 / Number of allocated shares 1,600 shares, Category Delegated executive officers / Number of Employees 2 / Number of allocated shares 1,000 shares, Category Employed executive officers / Number of Employees 5 / Number of allocated shares 1,000 shares, Category Trustees / Number of Employees 12 / Number of allocated shares 2,300 shares
Payment date
29 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 27 March 2026 was ¥2,866. The closing price on the business day immediately preceding the date of the Board of Directors' resolution was used, and no discount or premium rate was specified.
Procedures under the Corporate Code of Conduct
At the Annual General Meeting of Shareholders held on 28 March 2024, approval was obtained for the number of shares, compensation amount and other matters relating to the performance-linked equity compensation plan. Approval to continue the plan was obtained at the Annual General Meeting of Shareholders held on 28 March 2025.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares under a performance-linked equity compensation plan |
| Number of shares to be issued or disposed of | 5,900 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥2,866 per share |
| Total issue value | ¥16,909,400 |
| Amount of funds to be raised | Total payment amount: ¥16,909,400; estimated net proceeds: not disclosed |
| Payment date | 29 May 2026 |
| Intended allottee | Category 2 executive directors / Number of Shares 1,600 shares, Category 2 delegated executive officers / Number of Shares 1,000 shares, Category 5 employed executive officers / Number of Shares 1,000 shares, Category 12 trustees / Number of Shares 2,300 shares |
| 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 | The closing price of the Company's common stock on the Tokyo Stock Exchange on 27 March 2026 was ¥2,866. The closing price on the business day immediately preceding the date of the Board of Directors' resolution was used, and no discount or premium rate was specified. |
| Categories and Number of Persons Covered | Category Executive directors / Number of Employees 2 / Number of allocated shares 1,600 shares, Category Delegated executive officers / Number of Employees 2 / Number of allocated shares 1,000 shares, Category Employed executive officers / Number of Employees 5 / Number of allocated shares 1,000 shares, Category Trustees / Number of Employees 12 / Number of allocated shares 2,300 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥16,909,400. For executive directors, the compensation framework provides for up to 10,000 shares per year and annual compensation of up to ¥35 million. |
| Procedures under the Corporate Code of Conduct | At the Annual General Meeting of Shareholders held on 28 March 2024, approval was obtained for the number of shares, compensation amount and other matters relating to the performance-linked equity compensation plan. Approval to continue the plan was obtained at the Annual General Meeting of Shareholders held on 28 March 2025. |
Items this document does not state (16)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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 clarify the linkage between Company performance, share value and compensation, provide eligible officers and employees with an incentive to sustainably enhance corporate value, and promote the sharing of value with shareholders.
How to read this page
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