Worth reading
39Recurring
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
265800
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much265,800Shares
265,800 treasury shares
4 of the Company's directors, excluding outside directors95,700 shares
5 of the Company's executive officers who do not concurrently serve as directors32,800 shares
12 directors of the Company's subsidiaries106,100 shares
7 executive officers of the Company's subsidiaries31,200 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.
¥739 per share
Total Stock-Based Compensation
Total monetary claims: ¥196,426,200
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 26 June 2026 until immediately after the recipient retires or resigns from, or leaves employment in, the prescribed position at the Company or one of its subsidiaries
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a prescribed position at the Company or one of its subsidiaries throughout the service provision period, all transfer restrictions will be lifted upon expiration of the transfer restriction period. In the event of retirement or resignation due to expiration of the term of office, mandatory retirement or another legitimate reason, the restrictions will be lifted for the number of shares calculated according to the period of service. In the event of a corporate reorganisation or similar transaction, the restrictions will also be lifted based on the prescribed calculation.
Reason for acquisition without consideration
The Company will acquire without consideration all of the shares covered by this allocation for which the transfer restrictions have not been lifted as of the expiration of the transfer restriction period or the date on which the transfer restrictions are lifted.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of allocated shares 95,700 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 5 / Number of allocated shares 32,800 shares, Category Directors of subsidiaries of the Company / Number of Employees 12 / Number of allocated shares 106,100 shares, Category Executive officers of the Company's subsidiaries / Number of Employees 7 / Number of allocated shares 31,200 shares
Intended allottee's holding policy
During the transfer restriction period, the recipients are prohibited from transferring the shares to third parties, creating security interests over them or otherwise disposing of them in any manner. If a recipient retires or resigns from the prescribed position, or leaves employment, any shares for which the transfer restrictions are not lifted will be acquired by the Company without consideration.
Payment date
26 June 2026
Basis for determining the amount to be paid
The price was set at ¥739 based on the average daily closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market for the most recent one-month period from 27 May 2026, the business day preceding the date of the Board of Directors' resolution. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
The Compensation Committee was consulted.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 265,800 treasury shares |
| Issue price and disposal price | ¥739 per share |
| Payment date | 26 June 2026 |
| Intended allottee | Name 4 of the Company's directors, excluding outside directors / Number of Shares 95,700 shares, Name 5 of the Company's executive officers who do not concurrently serve as directors / Number of Shares 32,800 shares, Name 12 directors of the Company's subsidiaries / Number of Shares 106,100 shares, Name 7 executive officers of the Company's subsidiaries / Number of Shares 31,200 shares |
| Intended allottee's holding policy | During the transfer restriction period, the recipients are prohibited from transferring the shares to third parties, creating security interests over them or otherwise disposing of them in any manner. If a recipient retires or resigns from the prescribed position, or leaves employment, any shares for which the transfer restrictions are not lifted will be acquired by the Company without consideration. |
| Basis for determining the amount to be paid | The price was set at ¥739 based on the average daily closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market for the most recent one-month period from 27 May 2026, the business day preceding the date of the Board of Directors' resolution. No discount or premium was stated. |
| Transfer restriction period | From 26 June 2026 until immediately after the recipient retires or resigns from, or leaves employment in, the prescribed position at the Company or one of its subsidiaries |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a prescribed position at the Company or one of its subsidiaries throughout the service provision period, all transfer restrictions will be lifted upon expiration of the transfer restriction period. In the event of retirement or resignation due to expiration of the term of office, mandatory retirement or another legitimate reason, the restrictions will be lifted for the number of shares calculated according to the period of service. In the event of a corporate reorganisation or similar transaction, the restrictions will also be lifted based on the prescribed calculation. |
| Reason for acquisition without consideration | The Company will acquire without consideration all of the shares covered by this allocation for which the transfer restrictions have not been lifted as of the expiration of the transfer restriction period or the date on which the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of allocated shares 95,700 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 5 / Number of allocated shares 32,800 shares, Category Directors of subsidiaries of the Company / Number of Employees 12 / Number of allocated shares 106,100 shares, Category Executive officers of the Company's subsidiaries / Number of Employees 7 / Number of allocated shares 31,200 shares |
| Total Stock-Based Compensation | Total monetary claims: ¥196,426,200 |
| Procedures under the Corporate Code of Conduct | The Compensation Committee was consulted. |
Items this document does not state (15)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution 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 provide directors and other officers with an incentive to continuously enhance 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.
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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.