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
30768
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
30,768 treasury shares (of which 27,972 shares are for eligible directors and 2,796 shares are for executive officers)
2 directors (excluding directors who are Audit and Supervisory Committee Members and outside directors)27,972 shares
2 executive officers (who do not concurrently serve as directors)2,796 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.
¥2,145 per share
Total issue value
¥65,997,360
Amount of funds to be raised
An aggregate ¥65,997,360 in monetary receivables will be contributed in kind. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
An aggregate ¥65,997,360 in monetary receivables (of which ¥59,999,940 is for eligible directors)
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 24 April 2026 until immediately after the directors cease to hold their positions as directors of the Company, and until immediately after the executive officers cease to hold or leave either their position as directors or executive officers of the Company.
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as a director or other officer of the Company throughout the applicable service period, all restrictions will be lifted upon expiration of the restricted period. If the recipient ceases to hold or leaves the position upon expiration of the term, death or for any other legitimate reason, the restrictions will be lifted for the number of shares corresponding to the number of months in office.
Reason for acquisition without consideration
The Company will acquire without consideration any of the allocated shares for which the restrictions have not been lifted as of the expiration of the restricted period or the date on which the restrictions are lifted. In the event of a corporate reorganization or other similar event, the Company will also acquire without consideration any shares for which the restrictions have not been lifted.
Stock Split RatioEach share was split into 3 shares, effective 1 July 2025
Categories and Number of Persons Covered
Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 2 / Number of allocated shares 27,972 shares, Category Executive officers (who do not concurrently serve as directors) / Number of Employees 2 / Number of allocated shares 2,796 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to third parties, pledged as collateral or otherwise disposed of in any way. The shares will be managed in a designated account.
Payment date
24 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 25 March 2026, ¥2,145. No discount or premium applies.
Procedures under the Corporate Code of Conduct
Resolved by the Board of Directors after consultation with the Nomination and Compensation Committee
Impact on Business Performance
The impact of this disposal of treasury shares on business performance is 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 | 30,768 treasury shares (of which 27,972 shares are for eligible directors and 2,796 shares are for executive officers) |
| Issue price and disposal price | ¥2,145 per share |
| Total issue value | ¥65,997,360 |
| Amount of funds to be raised | An aggregate ¥65,997,360 in monetary receivables will be contributed in kind. Estimated net proceeds: Not disclosed |
| Payment date | 24 April 2026 |
| Intended allottee | Name 2 directors (excluding directors who are Audit and Supervisory Committee Members and outside directors) / Number of Shares 27,972 shares, Name 2 executive officers (who do not concurrently serve as directors) / Number of Shares 2,796 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to third parties, pledged as collateral or otherwise disposed of in any way. The shares will be managed in a designated account. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 25 March 2026, ¥2,145. No discount or premium applies. |
| Transfer restriction period | From 24 April 2026 until immediately after the directors cease to hold their positions as directors of the Company, and until immediately after the executive officers cease to hold or leave either their position as directors or executive officers of the Company. |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as a director or other officer of the Company throughout the applicable service period, all restrictions will be lifted upon expiration of the restricted period. If the recipient ceases to hold or leaves the position upon expiration of the term, death or for any other legitimate reason, the restrictions will be lifted for the number of shares corresponding to the number of months in office. |
| Reason for acquisition without consideration | The Company will acquire without consideration any of the allocated shares for which the restrictions have not been lifted as of the expiration of the restricted period or the date on which the restrictions are lifted. In the event of a corporate reorganization or other similar event, the Company will also acquire without consideration any shares for which the restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 2 / Number of allocated shares 27,972 shares, Category Executive officers (who do not concurrently serve as directors) / Number of Employees 2 / Number of allocated shares 2,796 shares |
| Total Stock-Based Compensation | An aggregate ¥65,997,360 in monetary receivables (of which ¥59,999,940 is for eligible directors) |
| Stock Split Ratio | Each share was split into 3 shares, effective 1 July 2025 |
| Procedures under the Corporate Code of Conduct | Resolved by the Board of Directors after consultation with the Nomination and Compensation Committee |
| Impact on Business Performance | The impact of this disposal of treasury shares on business performance is Not disclosed |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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 provide an incentive to achieve sustained growth in corporate value and promote value sharing with shareholders. The arrangement is also intended to further enhance the motivation of the eligible directors and other recipients.
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