Komori
Share Issuance and Disposal7723Aichi Tokei Denki Co.,Ltd.Electrical Equipment and Precision Instruments

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation

愛知時計電機 resolved to dispose of 16,200 treasury shares as restricted stock compensation for 4 directors and 12 full-time executive officers. The disposal price is ¥2,905 per share, and the payment date is 15 July 2026.

Worth reading
35Immaterial
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
16200
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Who receives how much16,200Shares

16,200 common shares of the Company (treasury shares)

4 directors of the Company (excluding outside directors)10,600 shares
12 full-time executive officers of the Company5,600 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.

¥2,905 per share
Total issue value

¥47,061,000

Amount of funds to be raised
Total payment amount: ¥47,061,000; estimated net proceeds: not stated
Total Stock-Based Compensation
Total monetary compensation receivables of ¥30,793,000 for the eligible directors and monetary receivables of ¥16,268,000 for the eligible full-time executive officers
発行済株式総数

The total number of shares issued will not increase because this is solely a disposal of treasury shares.

Not stated, as this is solely a disposal of treasury shares and does not increase the total number of issued shares

The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.

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 the payment date for this disposal until the later of the date on which the recipient ceases to hold any position as a director, audit & supervisory board member or executive officer of the Company, or the date on which the annual securities report for the fiscal year including the payment date is filed (or, in certain cases, the semiannual securities report).
Conditions for lifting transfer restrictions
Directors must continuously hold the position of director, audit & supervisory board member or executive officer of the Company from the payment date until the conclusion of the first annual general meeting of shareholders thereafter. Full-time executive officers must continuously hold one of these positions from 1 April 2026 through 31 March 2027. In the event of resignation or retirement for a valid reason, or death, part of the restrictions will be lifted in proportion to the period of service.
Reason for acquisition without consideration
If a recipient resigns or retires during the transfer restriction period without a valid reason, or if any shares remain subject to the restrictions when the transfer restrictions are lifted. Shares for which the restrictions are not lifted due to a corporate reorganization or similar event will also be acquired without consideration.
Categories and Number of Persons Covered
Category The Company’s directors (excluding outside directors) / Number of Employees 4 / Number of allocated shares 10,600 shares, Category Full-time executive officers of the Company / Number of Employees 12 / Number of allocated shares 5,600 shares
Intended allottee's holding policy
Until the transfer restrictions are lifted, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and will be held and maintained in a dedicated account at Mizuho Securities Co., Ltd.
Payment date
15 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the Board of Directors meeting, 23 June 2026, was ¥2,905. No discount or premium rate is stated.
Impact on Business Performance
This document does not state the specific amount or extent of the impact on financial results.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock compensation
Number of shares to be issued or disposed of16,200 common shares of the Company (treasury shares)
Issue price and disposal price¥2,905 per share
Total issue value¥47,061,000
Amount of funds to be raisedTotal payment amount: ¥47,061,000; estimated net proceeds: not stated
Payment date15 July 2026
Intended allotteeName 4 directors of the Company (excluding outside directors) / Number of Shares 10,600 shares, Name 12 full-time executive officers of the Company / Number of Shares 5,600 shares
Intended allottee's holding policyUntil the transfer restrictions are lifted, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and will be held and maintained in a dedicated account at Mizuho Securities Co., Ltd.
Dilution RateNot stated, as this is solely a disposal of treasury shares and does not increase the total number of issued shares
Total number of issued sharesThe total number of shares issued will not increase because this is solely a disposal of treasury shares.
Basis for determining the amount to be paidThe closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the Board of Directors meeting, 23 June 2026, was ¥2,905. No discount or premium rate is stated.
Transfer restriction periodFrom the payment date for this disposal until the later of the date on which the recipient ceases to hold any position as a director, audit & supervisory board member or executive officer of the Company, or the date on which the annual securities report for the fiscal year including the payment date is filed (or, in certain cases, the semiannual securities report).
Conditions for lifting transfer restrictionsDirectors must continuously hold the position of director, audit & supervisory board member or executive officer of the Company from the payment date until the conclusion of the first annual general meeting of shareholders thereafter. Full-time executive officers must continuously hold one of these positions from 1 April 2026 through 31 March 2027. In the event of resignation or retirement for a valid reason, or death, part of the restrictions will be lifted in proportion to the period of service.
Reason for acquisition without considerationIf a recipient resigns or retires during the transfer restriction period without a valid reason, or if any shares remain subject to the restrictions when the transfer restrictions are lifted. Shares for which the restrictions are not lifted due to a corporate reorganization or similar event will also be acquired without consideration.
Categories and Number of Persons CoveredCategory The Company’s directors (excluding outside directors) / Number of Employees 4 / Number of allocated shares 10,600 shares, Category Full-time executive officers of the Company / Number of Employees 12 / Number of allocated shares 5,600 shares
Total Stock-Based CompensationTotal monetary compensation receivables of ¥30,793,000 for the eligible directors and monetary receivables of ¥16,268,000 for the eligible full-time executive officers
Impact on Business PerformanceThis document does not state the specific amount or extent of the impact on financial results.
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise 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 further promote value sharing with shareholders and increase motivation to contribute to the enhancement of corporate value. The purpose is also to achieve sustained improvement in corporate value and value sharing with shareholders over the medium to long term.

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.
Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation | Aichi Tokei Denki Co.,Ltd. (7723) timely disclosure | Komori