Worth reading
47Recurring
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
0.25
% (dilution rate relative to the total number of issued shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares under a stock compensation plan
発行・処分する株式数298,400Shares
Treasury shares: 298,400
Intended allottee
Sumitomo Mitsui Trust Bank, Limited (trust account) (re-trustee: Japan Custody Bank, Ltd. (trust account))
¥1,203 per share
発行済株式総数
0.25% (of total shares issued as of 30 September 2026), 0.27% (of total voting rights as of the same date)
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.
Categories and Number of Persons Covered
The company's directors, excluding outside directors, and executive officers who have entered into mandate agreements with the company. Breakdown of the number of people and shares allocated: Not disclosed
Payment date
30 November 2026
Basis for determining the amount to be paid
¥1,203, the closing price on the Tokyo Stock Exchange on 6 November 2026, the business day immediately preceding the date of the Board of Directors' resolution. No discount or premium.
Procedures under the Corporate Code of Conduct
The trust administrator is an independent third party unaffiliated with the company and its officers. The company will file an extraordinary report under the Financial Instruments and Exchange Act regarding this disposal of treasury shares.
Impact on Business Performance
The company believes that the plan will contribute to an increase in its corporate value over the medium to long term. It considers the impact on the secondary market to be minor.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares under a stock compensation plan |
| Number of shares to be issued or disposed of | Treasury shares: 298,400 |
| Issue price and disposal price | ¥1,203 per share |
| Payment date | 30 November 2026 |
| Intended allottee | Sumitomo Mitsui Trust Bank, Limited (trust account) (re-trustee: Japan Custody Bank, Ltd. (trust account)) |
| Dilution Rate | 0.25% (of total shares issued as of 30 September 2026), 0.27% (of total voting rights as of the same date) |
| Total number of issued shares | 120,215,510 shares → Not disclosed |
| Basis for determining the amount to be paid | ¥1,203, the closing price on the Tokyo Stock Exchange on 6 November 2026, the business day immediately preceding the date of the Board of Directors' resolution. No discount or premium. |
| Categories and Number of Persons Covered | The company's directors, excluding outside directors, and executive officers who have entered into mandate agreements with the company. Breakdown of the number of people and shares allocated: Not disclosed |
| Procedures under the Corporate Code of Conduct | The trust administrator is an independent third party unaffiliated with the company and its officers. The company will file an extraordinary report under the Financial Instruments and Exchange Act regarding this disposal of treasury shares. |
| Impact on Business Performance | The company believes that the plan will contribute to an increase in its corporate value over the medium to long term. It considers the impact on the secondary market to be minor. |
Items this document does not state (17)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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.For the operation of the stock compensation plan, the company will dispose of treasury shares equivalent to the number of shares expected to be delivered to directors and other officers during the extended trust period. The company explains that the plan will clarify the linkage between the compensation of directors and other officers and share value, contributing to an increase in corporate value over the medium to long term.
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.