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
118531000
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much28,700Shares
28,700 common shares of the Company (treasury shares)
Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members)6 / 19,100 shares
The Company's executive officers7 / 9,600 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.
¥4,130 per share
Total issue value
¥118,531,000
Amount of funds to be raised
Total payment amount: ¥118,531,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥118,531,000. The annual limit for monetary compensation claims granted to directors is ¥100 million or less.
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 14 August 2026, the payment date, until the date on which the recipients cease to hold either the position of director or executive officer of the Company
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds the position of director or executive officer of the Company from 14 August 2026 until the conclusion of the annual general meeting of shareholders for the fiscal year ending March 2027, all of the allocated shares will be released from the transfer restrictions upon expiration of the restriction period. If the recipient ceases to hold the position due to death, expiration of the term of office, or any other reason deemed justifiable by the Board of Directors, the restrictions will be released for the number of shares corresponding to the prescribed period of service.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or another prescribed time specified in the agreement, the Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been released.
Categories and Number of Persons Covered
Category Directors (excluding outside directors and directors serving as Audit and Supervisory Committee members) / Number of Employees 6 / Number of allocated shares 19,100 shares, Category Executive officers / Number of Employees 7 / Number of allocated shares 9,600 shares
Intended allottee's holding policy
From 14 August 2026 until the date on which they cease to hold either the position of director or executive officer of the Company, the recipients may not transfer, create security interests over, or otherwise dispose of the shares.
Payment date
14 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 13 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥4,130. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
At the 82nd Annual General Meeting of Shareholders held on 27 June 2025, approval was obtained for the payment of monetary compensation claims and the transfer restriction period under this plan.
Impact on Business Performance
No impact of this disposal of treasury shares on results for the fiscal year ending March 2027 is stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 28,700 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥4,130 per share |
| Total issue value | ¥118,531,000 |
| Amount of funds to be raised | Total payment amount: ¥118,531,000; estimated net proceeds: Not disclosed |
| Payment date | 14 August 2026 |
| Intended allottee | Name Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 6 / Number of Shares 19,100 shares, Name The Company's executive officers / Number of Employees 7 / Number of Shares 9,600 shares |
| Intended allottee's holding policy | From 14 August 2026 until the date on which they cease to hold either the position of director or executive officer of the Company, the recipients may not transfer, create security interests over, or otherwise dispose of the shares. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 13 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥4,130. No discount or premium rate is stated. |
| Transfer restriction period | From 14 August 2026, the payment date, until the date on which the recipients cease to hold either the position of director or executive officer of the Company |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds the position of director or executive officer of the Company from 14 August 2026 until the conclusion of the annual general meeting of shareholders for the fiscal year ending March 2027, all of the allocated shares will be released from the transfer restrictions upon expiration of the restriction period. If the recipient ceases to hold the position due to death, expiration of the term of office, or any other reason deemed justifiable by the Board of Directors, the restrictions will be released for the number of shares corresponding to the prescribed period of service. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or another prescribed time specified in the agreement, the Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been released. |
| Categories and Number of Persons Covered | Category Directors (excluding outside directors and directors serving as Audit and Supervisory Committee members) / Number of Employees 6 / Number of allocated shares 19,100 shares, Category Executive officers / Number of Employees 7 / Number of allocated shares 9,600 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥118,531,000. The annual limit for monetary compensation claims granted to directors is ¥100 million or less. |
| Procedures under the Corporate Code of Conduct | At the 82nd Annual General Meeting of Shareholders held on 27 June 2025, approval was obtained for the payment of monetary compensation claims and the transfer restriction period under this plan. |
| Impact on Business Performance | No impact of this disposal of treasury shares on results for the fiscal year ending March 2027 is stated. |
Items this document does not state (12)
Estimated 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 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.To provide incentives for the sustainable enhancement of corporate value and shareholder value over the medium to long term and to promote the sharing of value with shareholders.
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