Worth reading
49Recurring
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
35000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
35,000 common shares of the Company (3 directors: 14,000 shares; 15 executive officers: 21,000 shares)
3 directors of the Company (excluding outside directors and directors serving as Audit and Supervisory Committee members)14,000 shares
15 executive officers of the Company21,000 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.
¥3,810 per share
Total issue value
¥133,350,000
Amount of funds to be raised
Total monetary compensation receivables of ¥133,350,000 (contribution in kind) / Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables of ¥133,350,000. For the eligible directors, the compensation framework provides for monetary compensation receivables of up to ¥100 million per year.
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 24 July 2026, the payment date, until the date on which the recipient ceases to hold either the position of director or executive officer of the Company. However, if that date falls before the date of submission of the semi-annual report for fiscal 2026, the period will run until the submission date.
Conditions for lifting transfer restrictions
The recipient must continuously hold either the position of director or executive officer of the Company from 24 July 2026 until the conclusion of the ordinary general meeting of shareholders relating to the fiscal year ending March 2027. If the recipient ceases to hold the position due to death, expiration of the term of office or another reason deemed valid by the Board of Directors, the restrictions will be partially lifted in proportion to the number of months in office. Performance conditions and share price conditions: Not disclosed.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or any other time specified in the agreement, the Company will acquire without consideration any of the allocated shares for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 3 / Number of allocated shares 14,000 shares, Category The Company's executive officers / Number of Employees 15 / Number of allocated shares 21,000 shares
Intended allottee's holding policy
During the restricted period, the shares may not be transferred, pledged or otherwise disposed of. The restricted period runs from 24 July 2026 until the date on which the recipient ceases to hold either the position of director or executive officer of the Company, or, in certain cases, until the date of submission of the semi-annual report for fiscal 2026.
Payment date
24 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,810. No discount or premium rate was indicated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 35,000 common shares of the Company (3 directors: 14,000 shares; 15 executive officers: 21,000 shares) |
| Issue price and disposal price | ¥3,810 per share |
| Total issue value | ¥133,350,000 |
| Amount of funds to be raised | Total monetary compensation receivables of ¥133,350,000 (contribution in kind) / Estimated net proceeds: Not disclosed |
| Payment date | 24 July 2026 |
| Intended allottee | Name 3 directors of the Company (excluding outside directors and directors serving as Audit and Supervisory Committee members) / Number of Shares 14,000 shares, Name 15 executive officers of the Company / Number of Shares 21,000 shares |
| Intended allottee's holding policy | During the restricted period, the shares may not be transferred, pledged or otherwise disposed of. The restricted period runs from 24 July 2026 until the date on which the recipient ceases to hold either the position of director or executive officer of the Company, or, in certain cases, until the date of submission of the semi-annual report for fiscal 2026. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,810. No discount or premium rate was indicated. |
| Transfer restriction period | From 24 July 2026, the payment date, until the date on which the recipient ceases to hold either the position of director or executive officer of the Company. However, if that date falls before the date of submission of the semi-annual report for fiscal 2026, the period will run until the submission date. |
| Conditions for lifting transfer restrictions | The recipient must continuously hold either the position of director or executive officer of the Company from 24 July 2026 until the conclusion of the ordinary general meeting of shareholders relating to the fiscal year ending March 2027. If the recipient ceases to hold the position due to death, expiration of the term of office or another reason deemed valid by the Board of Directors, the restrictions will be partially lifted in proportion to the number of months in office. Performance conditions and share price conditions: Not disclosed. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or any other time specified in the agreement, the Company will acquire without consideration any of the allocated shares for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 3 / Number of allocated shares 14,000 shares, Category The Company's executive officers / Number of Employees 15 / Number of allocated shares 21,000 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥133,350,000. For the eligible directors, the compensation framework provides for monetary compensation receivables of up to ¥100 million per year. |
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 an incentive to achieve sustained growth in corporate value and promote the sharing of value with shareholders. The Company also took into consideration the purpose of the plan, the Company's performance, the scope of responsibilities of each recipient and other relevant circumstances.
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