Worth reading
38Recurring
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
13100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much13,100Shares
13,100 treasury shares
4 of the Company's directors (excluding outside directors and directors who are Audit & Supervisory Committee Members)13,100 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,660 per share (issued without consideration)
Total issue value
¥34,846,000 (disposition value)
Amount of funds to be raised
Total amount to be paid: ¥0; estimated net proceeds: ¥0
Total Stock-Based Compensation
Up to ¥50 million per year (the compensation limit for grants of restricted stock combining the free-allotment method and the contribution-in-kind method)
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 26 June 2026 until the date on which the recipient loses all positions as a director, Audit & Supervisory Board Member, executive officer or employee of the Company
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as a director, Audit & Supervisory Board Member, executive officer or employee of the Company throughout the transfer restriction period, all transfer restrictions on the allotted shares will be lifted upon expiry of the transfer restriction period. If a corporate reorganization or similar transaction is approved, all transfer restrictions will be lifted by resolution of the Board of Directors.
Reason for acquisition without consideration
At the expiry of the transfer restriction period or another specified time provided for in the allotment agreement, the Company will automatically acquire without consideration any allotted shares for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
4 directors (excluding outside directors and directors who are Audit & Supervisory Committee Members), 13,100 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged as collateral, or otherwise disposed of. If the conditions for lifting the restrictions are satisfied at the end of the transfer restriction period, all transfer restrictions will be lifted.
Payment date
Not applicable (allotment date: 26 June 2026)
Basis for determining the amount to be paid
The amount was based on the closing price of the Company's common stock on the Tokyo Stock Exchange on 25 May 2026, the business day preceding the date of the Board of Directors' resolution, which was ¥2,660. No discount or premium rate was stated.
Impact on Business Performance
No information was provided regarding the impact of this disposition of treasury shares on financial results.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 13,100 treasury shares |
| Issue price and disposal price | ¥2,660 per share (issued without consideration) |
| Total issue value | ¥34,846,000 (disposition value) |
| Amount of funds to be raised | Total amount to be paid: ¥0; estimated net proceeds: ¥0 |
| Payment date | Not applicable (allotment date: 26 June 2026) |
| Intended allottee | Name 4 of the Company's directors (excluding outside directors and directors who are Audit & Supervisory Committee Members) / Number of Shares 13,100 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged as collateral, or otherwise disposed of. If the conditions for lifting the restrictions are satisfied at the end of the transfer restriction period, all transfer restrictions will be lifted. |
| Basis for determining the amount to be paid | The amount was based on the closing price of the Company's common stock on the Tokyo Stock Exchange on 25 May 2026, the business day preceding the date of the Board of Directors' resolution, which was ¥2,660. No discount or premium rate was stated. |
| Transfer restriction period | From 26 June 2026 until the date on which the recipient loses all positions as a director, Audit & Supervisory Board Member, executive officer or employee of the Company |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as a director, Audit & Supervisory Board Member, executive officer or employee of the Company throughout the transfer restriction period, all transfer restrictions on the allotted shares will be lifted upon expiry of the transfer restriction period. If a corporate reorganization or similar transaction is approved, all transfer restrictions will be lifted by resolution of the Board of Directors. |
| Reason for acquisition without consideration | At the expiry of the transfer restriction period or another specified time provided for in the allotment agreement, the Company will automatically acquire without consideration any allotted shares for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | 4 directors (excluding outside directors and directors who are Audit & Supervisory Committee Members), 13,100 shares |
| Total Stock-Based Compensation | Up to ¥50 million per year (the compensation limit for grants of restricted stock combining the free-allotment method and the contribution-in-kind method) |
| Impact on Business Performance | No information was provided regarding the impact of this disposition of treasury shares on financial results. |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor 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 provide directors with an incentive to sustainably enhance the Company's corporate value and promote value sharing with shareholders.
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.