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
4977
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much4,977Shares
4,977 common shares (treasury shares)
3 directors, excluding directors who are Audit and Supervisory Committee members and outside directors4,977 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥3,615 per share
Total issue value
¥17,991,855
Total Stock-Based Compensation
Total monetary compensation claims: ¥17,991,855. The annual compensation limit is ¥60 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
21 July 2026 to 20 July 2056 (30 years)
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiry of the transfer restriction period, provided that the recipient continuously holds a position as a director of the Company or one of its subsidiaries, an executive officer who does not concurrently serve as a director, a corporate auditor or an employee throughout the transfer restriction period. If the recipient leaves office or retires upon expiry of the term of office, reaching the mandatory retirement age or for another legitimate reason, the restrictions will be lifted immediately after the departure or retirement with respect to the number of shares corresponding to the period of service.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been released as of the expiration of the transfer restriction period or the date on which the transfer restrictions are released.
Stock Split Ratio2 common shares for each common share, effective 1 April 2024
Categories and Number of Persons Covered
3 directors, excluding directors serving as Audit & Supervisory Committee Members and outside directors; 4,977 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 21 July 2026 to 20 July 2056.
Payment date
21 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 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,615. No discount or premium was stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 4,977 common shares (treasury shares) |
| Issue price and disposal price | ¥3,615 per share |
| Total issue value | ¥17,991,855 |
| Payment date | 21 July 2026 |
| Intended allottee | Name 3 directors, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Shares 4,977 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 21 July 2026 to 20 July 2056. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,615. No discount or premium was stated. |
| Transfer restriction period | 21 July 2026 to 20 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiry of the transfer restriction period, provided that the recipient continuously holds a position as a director of the Company or one of its subsidiaries, an executive officer who does not concurrently serve as a director, a corporate auditor or an employee throughout the transfer restriction period. If the recipient leaves office or retires upon expiry of the term of office, reaching the mandatory retirement age or for another legitimate reason, the restrictions will be lifted immediately after the departure or retirement with respect to the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been released as of the expiration of the transfer restriction period or the date on which the transfer restrictions are released. |
| Categories and Number of Persons Covered | 3 directors, excluding directors serving as Audit & Supervisory Committee Members and outside directors; 4,977 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥17,991,855. The annual compensation limit is ¥60 million. |
| Stock Split Ratio | 2 common shares for each common share, effective 1 April 2024 |
Items this document does not state (14)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentProcedures 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.The purpose is to provide the eligible directors with medium- to long-term incentives and share value with shareholders. The Company also took into consideration its business 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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