Worth reading
48Recurring
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
0.08
%Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much15,200Shares
15,200 common shares of the Company (treasury shares)
7 eligible directors of the Company (excluding outside directors)15,200 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,690 per share
Total issue value
¥25,688,000
Amount of funds to be raised
Total payment amount: ¥25,688,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥25,688,000. Annual compensation is capped at ¥200 million, and the total number of restricted shares granted in each fiscal year is capped at 28,000 shares.
発行済株式総数
0.08% (against 19,590,892 issued shares as of 30 June 2026)
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 20 August 2026 until the date on which the recipient retires as a director of the Company
Conditions for lifting transfer restrictions
The transfer restrictions will be lifted in full at the end of the restriction period, provided that the recipient has remained a director continuously from the start date through the date of the first annual general meeting of shareholders held thereafter. If the recipient retires for a justifiable reason, the restrictions will be lifted in proportion to the number of months in office.
Reason for acquisition without consideration
If the recipient retires as a director without a justifiable reason before the day preceding the date of the first annual general meeting of shareholders held thereafter. If any shares remain subject to transfer restrictions at the end of the restriction period. Any shares whose restrictions have not been lifted when the recipient retires due to a corporate reorganization or similar event.
Categories and Number of Persons Covered
Eligible directors (excluding outside directors): 7 people, 15,200 shares
Intended allottee's holding policy
The shares will be subject to transfer restrictions from 20 August 2026 until the date on which each recipient retires as a director of the Company. Until the transfer restrictions are lifted, the shares will be held and maintained in designated accounts at SMBC Nikko Securities Inc.
Payment date
20 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 22 July 2026, ¥1,690. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
At the 54th Annual General Meeting of Shareholders held on 27 June 2025, shareholders approved the introduction of the restricted stock compensation plan, the compensation framework, the share limit and other matters.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 15,200 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,690 per share |
| Total issue value | ¥25,688,000 |
| Amount of funds to be raised | Total payment amount: ¥25,688,000; estimated net proceeds: Not disclosed |
| Payment date | 20 August 2026 |
| Intended allottee | Name 7 eligible directors of the Company (excluding outside directors) / Number of Shares 15,200 shares |
| Intended allottee's holding policy | The shares will be subject to transfer restrictions from 20 August 2026 until the date on which each recipient retires as a director of the Company. Until the transfer restrictions are lifted, the shares will be held and maintained in designated accounts at SMBC Nikko Securities Inc. |
| Dilution Rate | 0.08% (against 19,590,892 issued shares as of 30 June 2026) |
| Total number of issued shares | 19,590,892 shares → Not disclosed |
| Basis for determining the amount to be paid | The closing price of the Company’s common shares on the Tokyo Stock Exchange on 22 July 2026, ¥1,690. No discount or premium rate is stated. |
| Transfer restriction period | From 20 August 2026 until the date on which the recipient retires as a director of the Company |
| Conditions for lifting transfer restrictions | The transfer restrictions will be lifted in full at the end of the restriction period, provided that the recipient has remained a director continuously from the start date through the date of the first annual general meeting of shareholders held thereafter. If the recipient retires for a justifiable reason, the restrictions will be lifted in proportion to the number of months in office. |
| Reason for acquisition without consideration | If the recipient retires as a director without a justifiable reason before the day preceding the date of the first annual general meeting of shareholders held thereafter. If any shares remain subject to transfer restrictions at the end of the restriction period. Any shares whose restrictions have not been lifted when the recipient retires due to a corporate reorganization or similar event. |
| Categories and Number of Persons Covered | Eligible directors (excluding outside directors): 7 people, 15,200 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥25,688,000. Annual compensation is capped at ¥200 million, and the total number of restricted shares granted in each fiscal year is capped at 28,000 shares. |
| Procedures under the Corporate Code of Conduct | At the 54th Annual General Meeting of Shareholders held on 27 June 2025, shareholders approved the introduction of the restricted stock compensation plan, the compensation framework, the share limit and other matters. |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise 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 increase recipients’ motivation to contribute to improving medium- to long-term performance and enhancing corporate value, and to promote the sharing of value with shareholders. The Company considers the resulting dilution to be immaterial and reasonable in light of the purpose of the plan.
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