Worth reading
40Recurring
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
8300
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much8,300Shares
8,300 common shares of the Company (treasury shares)
8 directors of the Company, excluding directors who are Audit & Supervisory Committee members7,800 shares
3 of the Company's directors who are Audit & Supervisory Committee members500 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.
¥6,800 per share
Total issue value
¥56,440,000
Total Stock-Based Compensation
Total monetary compensation claims: ¥56,440,000
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
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
5 August 2026 to 4 August 2056 (30 years)
Conditions for lifting transfer restrictions
The recipient must continuously hold the position of either director or executive officer of the Company from the start date of the transfer restriction period until the first annual general meeting of shareholders to be held thereafter. If the recipient leaves the position for a valid reason, the transfer restrictions will be lifted for the number of shares determined according to the recipient's period of service.
Reason for acquisition without consideration
If the recipient leaves both the position of director and the position of executive officer without a valid reason before the day preceding the first annual general meeting of shareholders to be held thereafter, if any shares remain subject to transfer restrictions when the transfer restriction period expires, or if any shares remain subject to transfer restrictions on the effective date of a corporate reorganization or similar transaction.
Categories and Number of Persons Covered
Category Director (excluding a director who is an Audit and Supervisory Committee member) / Number of Employees 8 independent officers / Number of allocated shares 7,800 shares, Category Directors serving as Audit and Supervisory Committee members / Number of Employees 3 / Number of allocated shares 500 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to third parties, pledged, subject to a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of, and will be held and maintained in a designated account at SMBC Nikko Securities Inc. until the transfer restrictions are lifted.
Payment date
5 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 15 July 2026, ¥6,800. No discount or premium.
Procedures under the Corporate Code of Conduct
At the 131st Annual General Meeting of Shareholders held on 20 June 2025, the Company obtained approval for the revision and introduction of this plan, the maximum compensation amount and number of shares, and the transfer restriction period. This disposal was approved by resolution of the Board of Directors and through consultation among the directors who are Audit & Supervisory Committee members.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 8,300 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥6,800 per share |
| Total issue value | ¥56,440,000 |
| Payment date | 5 August 2026 |
| Intended allottee | Name 8 directors of the Company, excluding directors who are Audit & Supervisory Committee members / Number of Shares 7,800 shares, Name 3 of the Company's directors who are Audit & Supervisory Committee members / Number of Shares 500 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to third parties, pledged, subject to a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of, and will be held and maintained in a designated account at SMBC Nikko Securities Inc. until the transfer restrictions are lifted. |
| 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 shares on the Tokyo Stock Exchange on 15 July 2026, ¥6,800. No discount or premium. |
| Transfer restriction period | 5 August 2026 to 4 August 2056 (30 years) |
| Conditions for lifting transfer restrictions | The recipient must continuously hold the position of either director or executive officer of the Company from the start date of the transfer restriction period until the first annual general meeting of shareholders to be held thereafter. If the recipient leaves the position for a valid reason, the transfer restrictions will be lifted for the number of shares determined according to the recipient's period of service. |
| Reason for acquisition without consideration | If the recipient leaves both the position of director and the position of executive officer without a valid reason before the day preceding the first annual general meeting of shareholders to be held thereafter, if any shares remain subject to transfer restrictions when the transfer restriction period expires, or if any shares remain subject to transfer restrictions on the effective date of a corporate reorganization or similar transaction. |
| Categories and Number of Persons Covered | Category Director (excluding a director who is an Audit and Supervisory Committee member) / Number of Employees 8 independent officers / Number of allocated shares 7,800 shares, Category Directors serving as Audit and Supervisory Committee members / Number of Employees 3 / Number of allocated shares 500 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥56,440,000 |
| Procedures under the Corporate Code of Conduct | At the 131st Annual General Meeting of Shareholders held on 20 June 2025, the Company obtained approval for the revision and introduction of this plan, the maximum compensation amount and number of shares, and the transfer restriction period. This disposal was approved by resolution of the Board of Directors and through consultation among the directors who are Audit & Supervisory Committee members. |
Items this document does not state (13)
Amount of funds to be raisedEstimated 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 encourage ownership of the Company's shares, share the benefits and risks of share price fluctuations with shareholders, and increase motivation to contribute to an increase in the share price and enhancement of corporate 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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.