Worth reading
43Recurring
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
40600
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much40,600Shares
40,600 treasury shares
2 directors (excluding directors who are Audit and Supervisory Committee Members and outside directors)40,600 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥99 per share
Amount of funds to be raised
Total payment amount: ¥4,019,400 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary compensation claims: ¥4,019,400 (annual limit for restricted stock compensation: no more than ¥15 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 14 August 2026 until the date on which the recipient retires or resigns from any position as a director or other officer of the Company or any of its subsidiaries
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as a director or other officer of the Company or any of its subsidiaries throughout the transfer restriction period, all transfer restrictions on the allotted shares will be lifted upon expiration of the transfer restriction period.
Reason for acquisition without consideration
The Company will acquire without consideration any allotted shares for which the transfer restrictions have not been lifted at the expiration of the transfer restriction period or at another time specified in the agreement. If the recipient retires or resigns for a legitimate reason, the number of shares subject to the lifting of restrictions and the timing thereof will be adjusted reasonably.
Categories and Number of Persons Covered
2 directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / 40,600 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The transfer restriction period runs from 14 August 2026 until the date on which the recipient retires or resigns from any position as a director or other officer of the Company or any of its subsidiaries.
Payment date
14 August 2026
Basis for determining the amount to be paid
The closing price of the Company’s common shares on the Tokyo Stock Exchange Standard Market on 16 July 2026 was ¥99. Discount rate/premium rate: Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 40,600 treasury shares |
| Issue price and disposal price | ¥99 per share |
| Amount of funds to be raised | Total payment amount: ¥4,019,400 (estimated net proceeds: Not disclosed) |
| Payment date | 14 August 2026 |
| Intended allottee | Name 2 directors (excluding directors who are Audit and Supervisory Committee Members and outside directors) / Number of Shares 40,600 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The transfer restriction period runs from 14 August 2026 until the date on which the recipient retires or resigns from any position as a director or other officer of the Company or any of its subsidiaries. |
| Basis for determining the amount to be paid | The closing price of the Company’s common shares on the Tokyo Stock Exchange Standard Market on 16 July 2026 was ¥99. Discount rate/premium rate: Not disclosed. |
| Transfer restriction period | From 14 August 2026 until the date on which the recipient retires or resigns from any position as a director or other officer of the Company or any of its subsidiaries |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as a director or other officer of the Company or any of its subsidiaries throughout the transfer restriction period, all transfer restrictions on the allotted shares will be lifted upon expiration of the transfer restriction period. |
| Reason for acquisition without consideration | The Company will acquire without consideration any allotted shares for which the transfer restrictions have not been lifted at the expiration of the transfer restriction period or at another time specified in the agreement. If the recipient retires or resigns for a legitimate reason, the number of shares subject to the lifting of restrictions and the timing thereof will be adjusted reasonably. |
| Categories and Number of Persons Covered | 2 directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / 40,600 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥4,019,400 (annual limit for restricted stock compensation: no more than ¥15 million) |
Items this document does not state (15)
Total issue valueEstimated 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 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.Under the restricted stock compensation plan, which is intended to provide medium- to long-term incentives and align the interests of recipients with shareholders, the Company aims to increase recipients’ motivation to contribute to the sustained enhancement of corporate value and achieve long-term sharing of value with shareholders.
How to read this page
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