Worth reading
51Recurring
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
190577700
JPYWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation; disposal of treasury shares as performance-based restricted stock compensation
Who receives how much
Standard restricted stock compensation 61,900 shares / Performance-based restricted stock compensation 34,400 shares / Total 96,300 shares
Directors (excluding outside directors)4 / 36,000 shares (regular); 14,000 shares (performance-based); total: 50,000 shares
Executive officers15 / 25,900 shares
Senior employees15 / 20,400 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.
¥1,979 per share
Total issue value
Regular restricted stock compensation: ¥122,500,100; performance-based restricted stock compensation: ¥68,077,600; total: ¥190,577,700
Amount of funds to be raised
Because the entire amount of the monetary compensation receivables will be contributed in kind, the total payment amount is ¥122,500,100 for regular restricted stock compensation and ¥68,077,600 for performance-based restricted stock compensation. Net proceeds: Not disclosed
Total Stock-Based Compensation
Monetary compensation receivables of ¥122,500,100 for the regular plan and ¥68,077,600 for the performance-based plan, totaling ¥190,577,700
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
Not applicable (disposal of treasury shares only)
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
Regular: 50 years from 23 October 2026 to 22 October 2076. Performance-based: from 23 October 2026 to 30 September 2027
Conditions for lifting transfer restrictions
Regular: In principle, the eligible recipient must remain continuously employed as a director, corporate auditor, executive officer or employee of the company during the restriction period, and the restriction period must expire. Performance-based: continuous employment during the service period and achievement of the performance targets under the medium-term management plan
Reason for acquisition without consideration
Regular: shares for which the transfer restrictions are not lifted. Performance-based: cases including resignation or retirement without legitimate grounds, failure to achieve the performance targets, corporate reorganization or a tender offer
Stock Split Ratio2 shares for each common share; effective date: 1 July 2024
Categories and Number of Persons Covered
4 directors (excluding outside directors), 15 executive officers and 15 senior employees
Intended allottee's holding policy
The shares may not be transferred, pledged or otherwise disposed of during the restriction period. They will be managed in designated accounts.
Payment date
23 October 2026
Basis for determining the amount to be paid
The ¥1,979 closing price of the company's common shares on the Tokyo Stock Exchange on 24 September 2026, the business day preceding the date of the board resolution. No discount or premium.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation; disposal of treasury shares as performance-based restricted stock compensation |
| Number of shares to be issued or disposed of | Standard restricted stock compensation 61,900 shares / Performance-based restricted stock compensation 34,400 shares / Total 96,300 shares |
| Issue price and disposal price | ¥1,979 per share |
| Total issue value | Regular restricted stock compensation: ¥122,500,100; performance-based restricted stock compensation: ¥68,077,600; total: ¥190,577,700 |
| Amount of funds to be raised | Because the entire amount of the monetary compensation receivables will be contributed in kind, the total payment amount is ¥122,500,100 for regular restricted stock compensation and ¥68,077,600 for performance-based restricted stock compensation. Net proceeds: Not disclosed |
| Payment date | 23 October 2026 |
| Intended allottee | Category Directors (excluding outside directors) / Number of Employees 4 / Number of Shares 36,000 shares (regular); 14,000 shares (performance-based); total: 50,000 shares, Category Executive officers / Number of Employees 15 / Number of Shares 25,900 shares, Category Senior employees / Number of Employees 15 / Number of Shares 20,400 shares |
| Intended allottee's holding policy | The shares may not be transferred, pledged or otherwise disposed of during the restriction period. They will be managed in designated accounts. |
| Dilution Rate | Not applicable (disposal of treasury shares only) |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The ¥1,979 closing price of the company's common shares on the Tokyo Stock Exchange on 24 September 2026, the business day preceding the date of the board resolution. No discount or premium. |
| Transfer restriction period | Regular: 50 years from 23 October 2026 to 22 October 2076. Performance-based: from 23 October 2026 to 30 September 2027 |
| Conditions for lifting transfer restrictions | Regular: In principle, the eligible recipient must remain continuously employed as a director, corporate auditor, executive officer or employee of the company during the restriction period, and the restriction period must expire. Performance-based: continuous employment during the service period and achievement of the performance targets under the medium-term management plan |
| Reason for acquisition without consideration | Regular: shares for which the transfer restrictions are not lifted. Performance-based: cases including resignation or retirement without legitimate grounds, failure to achieve the performance targets, corporate reorganization or a tender offer |
| Categories and Number of Persons Covered | 4 directors (excluding outside directors), 15 executive officers and 15 senior employees |
| Total Stock-Based Compensation | Monetary compensation receivables of ¥122,500,100 for the regular plan and ¥68,077,600 for the performance-based plan, totaling ¥190,577,700 |
| Stock Split Ratio | 2 shares for each common share; effective date: 1 July 2024 |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise 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.To provide incentives for the sustained enhancement of corporate value and promote the sharing of value between the eligible recipients and shareholders. The performance-based shares are also intended to achieve the performance targets under the medium-term management plan and improve performance over the medium to long term.
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