Worth reading
61In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
14237
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much14,237Shares
14,237 common shares of the Company (new shares)
5 directors (excluding outside directors)14,237 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,527 per share
Total issue value
¥21,739,899
Amount of funds to be raised
Total amount paid in: ¥21,739,899; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥21,739,899. The annual limit under the plan is ¥30 million or less.
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
24 July 2026 to 23 July 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that an eligible director remains continuously in the position of director of the Company throughout the transfer restriction period, all transfer restrictions on the allotted shares held by the director will be lifted upon expiry of the period. However, if the director retires before the expiry of the period for a reason stipulated in the restricted stock allotment agreement, the transfer restrictions will be lifted.
Reason for acquisition without consideration
The Company will acquire without consideration any allotted shares whose transfer restrictions have not been lifted at the expiry of the transfer restriction period, as well as the prescribed number of allotted shares if a prescribed event giving rise to acquisition without consideration occurs during the period.
Categories and Number of Persons Covered
5 directors (excluding outside directors), 14,237 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. As a general rule, they will be held continuously for 30 years.
Payment date
24 July 2026 (scheduled)
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 25 June 2026, ¥1,527. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
At the Annual General Meeting of Shareholders held on 28 June 2018, approval was obtained for the payment of monetary compensation claims and the delivery of restricted stock.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 14,237 common shares of the Company (new shares) |
| Issue price and disposal price | ¥1,527 per share |
| Total issue value | ¥21,739,899 |
| Amount of funds to be raised | Total amount paid in: ¥21,739,899; estimated net proceeds: Not disclosed |
| Payment date | 24 July 2026 (scheduled) |
| Intended allottee | Category 5 directors (excluding outside directors) / Number of Shares 14,237 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. As a general rule, they will be held continuously for 30 years. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 25 June 2026, ¥1,527. No discount or premium rate was stated. |
| Transfer restriction period | 24 July 2026 to 23 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that an eligible director remains continuously in the position of director of the Company throughout the transfer restriction period, all transfer restrictions on the allotted shares held by the director will be lifted upon expiry of the period. However, if the director retires before the expiry of the period for a reason stipulated in the restricted stock allotment agreement, the transfer restrictions will be lifted. |
| Reason for acquisition without consideration | The Company will acquire without consideration any allotted shares whose transfer restrictions have not been lifted at the expiry of the transfer restriction period, as well as the prescribed number of allotted shares if a prescribed event giving rise to acquisition without consideration occurs during the period. |
| Categories and Number of Persons Covered | 5 directors (excluding outside directors), 14,237 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥21,739,899. The annual limit under the plan is ¥30 million or less. |
| Procedures under the Corporate Code of Conduct | At the Annual General Meeting of Shareholders held on 28 June 2018, approval was obtained for the payment of monetary compensation claims and the delivery of restricted stock. |
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 provide an incentive for the sustainable enhancement of corporate value and to promote long-term value sharing between the directors and shareholders. The decision also took into account the purpose of the plan, the Company's performance, the scope of responsibilities of each eligible director and other relevant circumstances.
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.
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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.