Worth reading
47Recurring
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
80000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much80,000Shares
80,000 common shares (treasury shares)
2 directors (excluding directors who are Audit & Supervisory Committee members and outside directors): 80,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥187 per share (fair value; no cash payment or contribution of property is required)
Total issue value
¥14,960,000 (total fair value)
Amount of funds to be raised
Total amount to be paid: ¥0; estimated net proceeds: ¥0
Total Stock-Based Compensation
Compensation limit of up to ¥40 million per year (for the plan as a whole)
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
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 August 2026 (the allocation date) until the date on which the recipient retires from office as a director of the Company
Conditions for lifting transfer restrictions
The recipient must continuously hold the position of director of the Company from the date of the Company's annual general meeting of shareholders immediately preceding the allocation date through the date of the Company's annual general meeting of shareholders held in the following year. If the recipient retires due to death, expiry of the term of office or any other reason deemed legitimate by the Company's Board of Directors, the transfer restrictions will be lifted for the number of shares calculated according to the number of months in office.
Reason for acquisition without consideration
At the expiration of the transfer restriction period, the Company will automatically acquire without consideration any of the allocated shares for which the transfer restrictions have not been released.
Categories and Number of Persons Covered
2 directors: 80,000 shares (excluding directors who are Audit & Supervisory Committee members and outside directors)
Intended allottee's holding policy
From the allocation date until the date on which they retire from office as directors of the Company, the recipients may not transfer, create security interests over or otherwise dispose of the shares.
Payment date
Not applicable (allocation date: 24 August 2026)
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 23 July 2026 was ¥187. Discount rate/premium rate: Not applicable
Procedures under the Corporate Code of Conduct
At the 69th Annual General Meeting of Shareholders held on 26 June 2024, approval was obtained for this plan and a compensation limit of up to 80,000 shares per year and ¥40 million per year.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 80,000 common shares (treasury shares) |
| Issue price and disposal price | ¥187 per share (fair value; no cash payment or contribution of property is required) |
| Total issue value | ¥14,960,000 (total fair value) |
| Amount of funds to be raised | Total amount to be paid: ¥0; estimated net proceeds: ¥0 |
| Payment date | Not applicable (allocation date: 24 August 2026) |
| Intended allottee | 2 directors (excluding directors who are Audit & Supervisory Committee members and outside directors): 80,000 shares |
| Intended allottee's holding policy | From the allocation date until the date on which they retire from office as directors of the Company, the recipients may not transfer, create security interests over or otherwise dispose of the shares. |
| Total number of issued shares | The total number of issued shares will not increase because this is a disposal of treasury shares. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 23 July 2026 was ¥187. Discount rate/premium rate: Not applicable |
| Transfer restriction period | From 24 August 2026 (the allocation date) until the date on which the recipient retires from office as a director of the Company |
| Conditions for lifting transfer restrictions | The recipient must continuously hold the position of director of the Company from the date of the Company's annual general meeting of shareholders immediately preceding the allocation date through the date of the Company's annual general meeting of shareholders held in the following year. If the recipient retires due to death, expiry of the term of office or any other reason deemed legitimate by the Company's Board of Directors, the transfer restrictions will be lifted for the number of shares calculated according to the number of months in office. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period, the Company will automatically acquire without consideration any of the allocated shares for which the transfer restrictions have not been released. |
| Categories and Number of Persons Covered | 2 directors: 80,000 shares (excluding directors who are Audit & Supervisory Committee members and outside directors) |
| Total Stock-Based Compensation | Compensation limit of up to ¥40 million per year (for the plan as a whole) |
| Procedures under the Corporate Code of Conduct | At the 69th Annual General Meeting of Shareholders held on 26 June 2024, approval was obtained for this plan and a compensation limit of up to 80,000 shares per year and ¥40 million per year. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateExercise 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 directors with an incentive to achieve sustained growth in corporate value and promote value sharing with shareholders.
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.