Worth reading
28Immaterial
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
289
¥ millionWording
Conditional
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares through a third-party allotment (acquisition by the ESOP trust)
Who receives how much65,800Shares
65,800 shares (treasury shares)
ESOP trust (trustee: Mitsubishi UFJ Trust and Banking Corporation; co-trustee: The Master Trust Bank of Japan, Ltd.) — 65,800 shares
The lower thin line represents the existing number of shares to which these shares will be added.
Total issue value
¥289 million
Categories and Number of Persons Covered
Eligible employees who satisfy the beneficiary requirements (number of employees and number of shares allotted: not disclosed)
Intended allottee's holding policy
The shares will be used during the trust period for delivery to eligible employees and other purposes. If the trust is not continued, the remaining shares are scheduled to be transferred to the Company without consideration, after which the Company plans to cancel them.
Reason for acquisition without consideration
If the trust is terminated without being continued, the remaining shares are scheduled to be transferred to the Company without consideration.
Procedures under the Corporate Code of Conduct
A certified public accountant with no interest in the Company will serve as trust administrator.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares through a third-party allotment (acquisition by the ESOP trust) |
| Number of shares to be issued or disposed of | 65,800 shares (treasury shares) |
| Total issue value | ¥289 million |
| Intended allottee | ESOP trust (trustee: Mitsubishi UFJ Trust and Banking Corporation; co-trustee: The Master Trust Bank of Japan, Ltd.) — 65,800 shares |
| Intended allottee's holding policy | The shares will be used during the trust period for delivery to eligible employees and other purposes. If the trust is not continued, the remaining shares are scheduled to be transferred to the Company without consideration, after which the Company plans to cancel them. |
| Reason for acquisition without consideration | If the trust is terminated without being continued, the remaining shares are scheduled to be transferred to the Company without consideration. |
| Categories and Number of Persons Covered | Eligible employees who satisfy the beneficiary requirements (number of employees and number of shares allotted: not disclosed) |
| Procedures under the Corporate Code of Conduct | A certified public accountant with no interest in the Company will serve as trust administrator. |
Items this document does not state (20)
Issue price and disposal priceAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / 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 scheme is intended to enhance corporate value over the medium to long term, secure and develop human resources, improve employee engagement, and strengthen employees’ motivation to contribute to performance and participate in management.
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.