Worth reading
44Recurring
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
14494
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
14,494 common shares (7,247 performance-linked restricted shares and 7,247 service condition-based restricted shares)
4 directors of the Company, excluding outside directors, 14,494 shares (7,247 performance-linked restricted shares and 7,247 service-condition restricted shares)
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,451 per share
Total issue value
¥35,524,794
Amount of funds to be raised
Total amount to be paid: not stated because the shares are delivered without consideration. Estimated net proceeds: not stated
Total Stock-Based Compensation
Monetary compensation receivables of up to ¥50 million per year (the compensation limit under the plan)
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 25 August 2026 (the allotment date) until the date of the annual general meeting of shareholders for the fiscal year ending March 2029
Conditions for lifting transfer restrictions
For the performance-linked shares, the restrictions will be lifted for the number of shares determined according to the achievement levels for consolidated operating profit, consolidated operating profit margin, ROE and non-financial targets, provided that the recipient remains in the prescribed position throughout the restriction period. For the service condition-based shares, the restrictions will be lifted provided that the recipient remains in the prescribed position throughout the restriction period.
Reason for acquisition without consideration
At the end of the restriction period, the Company will automatically acquire without consideration any shares for which the restrictions have not been lifted.
Categories and Number of Persons Covered
4 directors of the Company, excluding outside directors, 14,494 shares (7,247 performance-linked restricted shares and 7,247 service-condition restricted shares)
Basis for determining the amount to be paid
The closing price of the Company’s common shares on the Tokyo Stock Exchange on the business day preceding the date of the Board of Directors’ resolution, 31 July 2026, was ¥2,451. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
The plan and its amendments were approved at the 168th Annual General Meeting of Shareholders held on 20 June 2018 and the 171st Annual General Meeting of Shareholders held on 24 June 2021.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 14,494 common shares (7,247 performance-linked restricted shares and 7,247 service condition-based restricted shares) |
| Issue price and disposal price | ¥2,451 per share |
| Total issue value | ¥35,524,794 |
| Amount of funds to be raised | Total amount to be paid: not stated because the shares are delivered without consideration. Estimated net proceeds: not stated |
| Intended allottee | 4 directors of the Company, excluding outside directors, 14,494 shares (7,247 performance-linked restricted shares and 7,247 service-condition restricted shares) |
| Basis for determining the amount to be paid | The closing price of the Company’s common shares on the Tokyo Stock Exchange on the business day preceding the date of the Board of Directors’ resolution, 31 July 2026, was ¥2,451. No discount or premium was stated. |
| Transfer restriction period | From 25 August 2026 (the allotment date) until the date of the annual general meeting of shareholders for the fiscal year ending March 2029 |
| Conditions for lifting transfer restrictions | For the performance-linked shares, the restrictions will be lifted for the number of shares determined according to the achievement levels for consolidated operating profit, consolidated operating profit margin, ROE and non-financial targets, provided that the recipient remains in the prescribed position throughout the restriction period. For the service condition-based shares, the restrictions will be lifted provided that the recipient remains in the prescribed position throughout the restriction period. |
| Reason for acquisition without consideration | At the end of the restriction period, the Company will automatically acquire without consideration any shares for which the restrictions have not been lifted. |
| Categories and Number of Persons Covered | 4 directors of the Company, excluding outside directors, 14,494 shares (7,247 performance-linked restricted shares and 7,247 service-condition restricted shares) |
| Total Stock-Based Compensation | Monetary compensation receivables of up to ¥50 million per year (the compensation limit under the plan) |
| Procedures under the Corporate Code of Conduct | The plan and its amendments were approved at the 168th Annual General Meeting of Shareholders held on 20 June 2018 and the 171st Annual General Meeting of Shareholders held on 24 June 2021. |
Items this document does not state (15)
Estimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution 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.The shares will be granted as consideration for the directors’ performance of their duties. The purpose is to strengthen incentives for the sustained enhancement of corporate value and promote value sharing with shareholders.
How to read this page
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