Worth reading
46Recurring
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
14828
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much14,828Shares
14,828 shares of the Company’s common stock (treasury shares)
4 eligible directors (excluding outside directors)9,309 shares
3 eligible executive officers (executive officers who do not concurrently serve as directors of the Company and hold the rank of senior managing executive officer or above)5,519 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.
¥2,943 per share
Total issue value
¥43,638,804
Amount of funds to be raised
Total payment amount: ¥43,638,804; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥43,638,804. The total amount of compensation claims for eligible directors is capped at ¥160 million per year.
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)
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
From 22 July 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company
Conditions for lifting transfer restrictions
The recipient must continuously hold a position as a director, executive officer or employee of the Company through the first expiration of the recipient’s term of office occurring after 22 July 2026. If the recipient ceases to hold such a position for a legitimate reason, the transfer restrictions will be lifted on the number of shares corresponding to the period of service.
Reason for acquisition without consideration
The recipient ceases to hold the position before the expiration of the term of office or employment period, unless the Board of Directors recognizes a legitimate reason; the transfer restrictions remain in place when the applicable period expires; the transfer restrictions are not lifted in connection with a corporate reorganization or similar event; or certain other events occur, including a material violation of laws, internal rules or other applicable requirements, serious accounting fraud or a substantial loss.
Categories and Number of Persons Covered
4 eligible directors: 9,309 shares; 3 eligible executive officers: 5,519 shares
Intended allottee's holding policy
Until the transfer restrictions are lifted, the recipients may not transfer the shares to any third party, create a pledge or security interest by way of transfer, make an inter vivos gift, bequeath the shares or otherwise dispose of them in any manner. The holding policy after the transfer restrictions are lifted is Not disclosed.
Payment date
22 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 24 June 2026, ¥2,943. No discount or premium.
Impact on Business Performance
Impact on financial results: 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 | 14,828 shares of the Company’s common stock (treasury shares) |
| Issue price and disposal price | ¥2,943 per share |
| Total issue value | ¥43,638,804 |
| Amount of funds to be raised | Total payment amount: ¥43,638,804; estimated net proceeds: Not disclosed |
| Payment date | 22 July 2026 |
| Intended allottee | Name 4 eligible directors (excluding outside directors) / Number of Shares 9,309 shares, Name 3 eligible executive officers (executive officers who do not concurrently serve as directors of the Company and hold the rank of senior managing executive officer or above) / Number of Shares 5,519 shares |
| Intended allottee's holding policy | Until the transfer restrictions are lifted, the recipients may not transfer the shares to any third party, create a pledge or security interest by way of transfer, make an inter vivos gift, bequeath the shares or otherwise dispose of them in any manner. The holding policy after the transfer restrictions are lifted is Not disclosed. |
| Dilution Rate | Not applicable (disposal of treasury shares) |
| 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 closing price of the Company’s common stock on the Tokyo Stock Exchange on 24 June 2026, ¥2,943. No discount or premium. |
| Transfer restriction period | From 22 July 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company |
| Conditions for lifting transfer restrictions | The recipient must continuously hold a position as a director, executive officer or employee of the Company through the first expiration of the recipient’s term of office occurring after 22 July 2026. If the recipient ceases to hold such a position for a legitimate reason, the transfer restrictions will be lifted on the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | The recipient ceases to hold the position before the expiration of the term of office or employment period, unless the Board of Directors recognizes a legitimate reason; the transfer restrictions remain in place when the applicable period expires; the transfer restrictions are not lifted in connection with a corporate reorganization or similar event; or certain other events occur, including a material violation of laws, internal rules or other applicable requirements, serious accounting fraud or a substantial loss. |
| Categories and Number of Persons Covered | 4 eligible directors: 9,309 shares; 3 eligible executive officers: 5,519 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥43,638,804. The total amount of compensation claims for eligible directors is capped at ¥160 million per year. |
| Impact on Business Performance | Impact on financial results: Not disclosed |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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.The shares will be disposed of under the restricted stock compensation plan to further strengthen the eligible directors’ motivation to contribute to the appreciation of the Company’s share price and the enhancement of corporate value. The amount of the compensation claim for each recipient was determined after comprehensively considering factors including the recipient’s contribution to the Company.
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