Worth reading
42Recurring
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
11764
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much11,764Shares
11,764 shares of the Company's common stock (treasury shares)
Directors of the Company (excluding outside directors)4 / 10,694 shares
The Company's executive officers2 / 1,070 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.
¥1,216 per share
Total issue value
¥14,305,024
Amount of funds to be raised
Total payment amount: ¥14,305,024; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims of ¥14,305,024. The annual compensation limit for monetary compensation claims granted to the eligible directors is ¥50 million.
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 10 April 2026 until the date on which the recipient ceases to serve as a director of the Company (for executive officers, until the date on which they cease to be employees of the Company)
Conditions for lifting transfer restrictions
The recipient must continuously remain a director or employee until the date of the first annual general meeting of shareholders held after the start of the transfer restriction period. In the event of retirement or loss of position for a legitimate reason, the restrictions will be partially lifted in proportion to the number of months in office or employment.
Reason for acquisition without consideration
If the recipient retires or ceases to be an employee without a legitimate reason before the day preceding the first annual general meeting of shareholders, if the transfer restrictions have not been lifted when the transfer restriction period expires, or if the transfer restrictions have not been lifted on the business day preceding the effective date of a corporate reorganization or similar transaction.
Categories and Number of Persons Covered
4 directors of the Company (excluding outside directors), 10,694 shares; 2 executive officers of the Company, 1,070 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to third parties, pledged, subject to a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of, and will be held and maintained in a designated account at SMBC Nikko Securities Inc. until the transfer restrictions are lifted.
Payment date
10 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 25 March 2026, ¥1,216. No discount or premium rate was disclosed.
Procedures under the Corporate Code of Conduct
At the annual general meeting of shareholders held on 30 March 2022, approval was obtained for the introduction of a restricted stock compensation plan and the related compensation limits.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 11,764 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,216 per share |
| Total issue value | ¥14,305,024 |
| Amount of funds to be raised | Total payment amount: ¥14,305,024; estimated net proceeds: Not disclosed |
| Payment date | 10 April 2026 |
| Intended allottee | Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of Shares 10,694 shares, Category The Company's executive officers / Number of Employees 2 / Number of Shares 1,070 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to third parties, pledged, subject to a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of, and will be held and maintained in a designated account at SMBC Nikko Securities Inc. until the transfer restrictions are lifted. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 25 March 2026, ¥1,216. No discount or premium rate was disclosed. |
| Transfer restriction period | From 10 April 2026 until the date on which the recipient ceases to serve as a director of the Company (for executive officers, until the date on which they cease to be employees of the Company) |
| Conditions for lifting transfer restrictions | The recipient must continuously remain a director or employee until the date of the first annual general meeting of shareholders held after the start of the transfer restriction period. In the event of retirement or loss of position for a legitimate reason, the restrictions will be partially lifted in proportion to the number of months in office or employment. |
| Reason for acquisition without consideration | If the recipient retires or ceases to be an employee without a legitimate reason before the day preceding the first annual general meeting of shareholders, if the transfer restrictions have not been lifted when the transfer restriction period expires, or if the transfer restrictions have not been lifted on the business day preceding the effective date of a corporate reorganization or similar transaction. |
| Categories and Number of Persons Covered | 4 directors of the Company (excluding outside directors), 10,694 shares; 2 executive officers of the Company, 1,070 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥14,305,024. The annual compensation limit for monetary compensation claims granted to the eligible directors is ¥50 million. |
| Procedures under the Corporate Code of Conduct | At the annual general meeting of shareholders held on 30 March 2022, approval was obtained for the introduction of a restricted stock compensation plan and the related compensation limits. |
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 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 enable the eligible recipients 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
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.