Worth reading
57In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
172300
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much172,300Shares
172,300 new shares
Executive directors of the Company3 / 98,800 shares
Executive officers of the Company and directors of its subsidiaries12 / 73,500 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.
¥1,183 per share
Total issue value
¥203,830,900
Amount of funds to be raised
Total amount paid: ¥203,830,900; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Monetary compensation claims: ¥203,830,900. The total amount of compensation claims relating to executive directors is capped at ¥120 million per year.
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 2029 (3 years)
Conditions for lifting transfer restrictions
During the transfer restriction period, the recipient must continuously hold one of the following positions at the Company or one of its subsidiaries: director, executive officer or employee. In the event of retirement for a valid reason, the restrictions will be lifted on the business day following the retirement date, or on 1 July 2027 if the retirement date is on or before 30 June 2027. In the event of a corporate reorganization or similar transaction, the restrictions will be lifted by 2 business days before the effective date.
Reason for acquisition without consideration
If the recipient retires from all positions as a director, executive officer or employee of the Company and its subsidiaries before the end of the transfer restriction period, except where the Company’s Board of Directors recognizes a valid reason. This also applies if any shares remain subject to transfer restrictions when the period expires.
Categories and Number of Persons Covered
Category Executive directors of the Company / Number of Employees 3 / Number of allocated shares 98,800 shares, Category Executive officers of the Company and directors of its subsidiaries / Number of Employees 12 / Number of allocated shares 73,500 shares
Payment date
24 July 2026
Basis for determining the amount to be paid
The closing price of the Company’s common stock on the Tokyo Stock Exchange on 25 June 2026, ¥1,183. The issue price is the closing price on the immediately preceding business day, with no discount or premium.
Procedures under the Corporate Code of Conduct
Subject to the effectiveness of a filing of an extraordinary report under the Financial Instruments and Exchange Act. The system and the compensation framework were approved at the ordinary general meeting of shareholders held on 26 June 2020.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 172,300 new shares |
| Issue price and disposal price | ¥1,183 per share |
| Total issue value | ¥203,830,900 |
| Amount of funds to be raised | Total amount paid: ¥203,830,900; estimated net proceeds: Not disclosed |
| Payment date | 24 July 2026 |
| Intended allottee | Name Executive directors of the Company / Number of Employees 3 / Number of Shares 98,800 shares, Name Executive officers of the Company and directors of its subsidiaries / Number of Employees 12 / Number of Shares 73,500 shares |
| Basis for determining the amount to be paid | The closing price of the Company’s common stock on the Tokyo Stock Exchange on 25 June 2026, ¥1,183. The issue price is the closing price on the immediately preceding business day, with no discount or premium. |
| Transfer restriction period | 24 July 2026 to 23 July 2029 (3 years) |
| Conditions for lifting transfer restrictions | During the transfer restriction period, the recipient must continuously hold one of the following positions at the Company or one of its subsidiaries: director, executive officer or employee. In the event of retirement for a valid reason, the restrictions will be lifted on the business day following the retirement date, or on 1 July 2027 if the retirement date is on or before 30 June 2027. In the event of a corporate reorganization or similar transaction, the restrictions will be lifted by 2 business days before the effective date. |
| Reason for acquisition without consideration | If the recipient retires from all positions as a director, executive officer or employee of the Company and its subsidiaries before the end of the transfer restriction period, except where the Company’s Board of Directors recognizes a valid reason. This also applies if any shares remain subject to transfer restrictions when the period expires. |
| Categories and Number of Persons Covered | Category Executive directors of the Company / Number of Employees 3 / Number of allocated shares 98,800 shares, Category Executive officers of the Company and directors of its subsidiaries / Number of Employees 12 / Number of allocated shares 73,500 shares |
| Total Stock-Based Compensation | Monetary compensation claims: ¥203,830,900. The total amount of compensation claims relating to executive directors is capped at ¥120 million per year. |
| Procedures under the Corporate Code of Conduct | Subject to the effectiveness of a filing of an extraordinary report under the Financial Instruments and Exchange Act. The system and the compensation framework were approved at the ordinary general meeting of shareholders held on 26 June 2020. |
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution 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 motivate recipients to enhance corporate value over the medium to long term, promote value sharing between management and shareholders, and strengthen their willingness to contribute to share price appreciation and enhanced corporate value through the achievement of medium-term strategic objectives. In addition, the Company’s executive officers and the directors of its subsidiaries will become shareholders themselves and seek to maximize shareholder value.
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.