Worth reading
49Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
4000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much4,000Shares
4,000 common shares
1 director of the Company, excluding Directors who are Audit & Supervisory Committee Members: 4,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥3,095 per share
Total issue value
¥12,380,000
Amount of funds to be raised
Not disclosed (the issuance of these new shares will be made through an in-kind contribution of monetary compensation receivables)
Total Stock-Based Compensation
Total monetary compensation receivables of ¥12,380,000. The compensation framework provides for annual compensation of up to ¥150 million, including up to ¥25 million for outside directors.
Specific use of funds
Not disclosed (issuance for compensation purposes through an in-kind contribution)
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 20 April 2026 to 19 April 2029 (3 years)
Conditions for lifting transfer restrictions
Provided that the eligible director remains continuously in office as a director of the Company throughout the transfer restriction period, the transfer restrictions on all shares will be released upon expiration of the period. If the director leaves office upon expiration of the term, death or for any other legitimate reason, the transfer restrictions will be released for the number of shares corresponding to the number of months in office.
Reason for acquisition without consideration
If any shares remain subject to transfer restrictions when the restrictions are lifted, the Company will automatically acquire those shares without consideration.
Stock Split RatioOne share will be split into 2 shares. The effective date is 1 April 2026.
Categories and Number of Persons Covered
1 director of the Company, excluding Directors who are Audit & Supervisory Committee Members: 4,000 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of. The shares will be managed in a dedicated account.
Payment date
20 April 2026
Basis for determining the amount to be paid
The ¥6,190 closing price of the Company’s ordinary shares on the Tokyo Stock Exchange on 25 March 2026 was adjusted in accordance with the two-for-one stock split scheduled to take effect on 1 April 2026, resulting in ¥3,095. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
The resolution was approved by the Board of Directors after receiving a report from the Nomination and Compensation Advisory Committee.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 4,000 common shares |
| Issue price and disposal price | ¥3,095 per share |
| Total issue value | ¥12,380,000 |
| Amount of funds to be raised | Not disclosed (the issuance of these new shares will be made through an in-kind contribution of monetary compensation receivables) |
| Specific use of funds | Not disclosed (issuance for compensation purposes through an in-kind contribution) |
| Payment date | 20 April 2026 |
| Intended allottee | 1 director of the Company, excluding Directors who are Audit & Supervisory Committee Members: 4,000 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of. The shares will be managed in a dedicated account. |
| Basis for determining the amount to be paid | The ¥6,190 closing price of the Company’s ordinary shares on the Tokyo Stock Exchange on 25 March 2026 was adjusted in accordance with the two-for-one stock split scheduled to take effect on 1 April 2026, resulting in ¥3,095. No discount or premium rate is stated. |
| Transfer restriction period | From 20 April 2026 to 19 April 2029 (3 years) |
| Conditions for lifting transfer restrictions | Provided that the eligible director remains continuously in office as a director of the Company throughout the transfer restriction period, the transfer restrictions on all shares will be released upon expiration of the period. If the director leaves office upon expiration of the term, death or for any other legitimate reason, the transfer restrictions will be released for the number of shares corresponding to the number of months in office. |
| Reason for acquisition without consideration | If any shares remain subject to transfer restrictions when the restrictions are lifted, the Company will automatically acquire those shares without consideration. |
| Categories and Number of Persons Covered | 1 director of the Company, excluding Directors who are Audit & Supervisory Committee Members: 4,000 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥12,380,000. The compensation framework provides for annual compensation of up to ¥150 million, including up to ¥25 million for outside directors. |
| Stock Split Ratio | One share will be split into 2 shares. The effective date is 1 April 2026. |
| Procedures under the Corporate Code of Conduct | The resolution was approved by the Board of Directors after receiving a report from the Nomination and Compensation Advisory Committee. |
Items this document does not state (11)
Estimated issuance expensesDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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 strengthen the linkage between directors’ compensation and corporate value, provide an incentive for the sustained enhancement of corporate value, and promote value sharing between the eligible directors and 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.