Worth reading
46Recurring
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
300651780
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much313,800Shares
313,800 shares of the Company's common stock (treasury shares)
Directors of the Company, excluding outside directors and directors serving as Audit and Supervisory Committee Members2 / 155,000 shares
The Company's executive officers who do not concurrently serve as directors19 / 152,800 shares
The Company's senior executive officers3 / 6,000 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.
¥958.1 per share
Total issue value
¥300,651,780
Amount of funds to be raised
Total amount paid: ¥300,651,780; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥300,651,780
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
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
3 years (from 16 April 2026 to 15 April 2029)
Conditions for lifting transfer restrictions
For the subject directors, the transfer restrictions on all of the allocated shares will be lifted upon expiration of the transfer restriction period, provided that they continuously hold the prescribed position throughout the applicable service period. For the subject executive officers and senior directors, the same condition applies throughout the applicable mandate period. In the event of retirement or resignation upon expiry of the term of office, mandatory retirement or other legitimate grounds, the restrictions will be lifted on the number of shares determined according to the period of service.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any allocated shares whose transfer restrictions have not been lifted as of the expiration of the transfer restriction period or the date on which the transfer restrictions are lifted. A clawback provision requires the recipient to return without consideration all accumulated restricted shares, depending on the recipient's responsibility, in the event of material accounting fraud, substantial losses or similar circumstances.
Categories and Number of Persons Covered
Category Directors of the Company, excluding outside directors and directors serving as Audit and Supervisory Committee Members / Number of Employees 2 / Number of allocated shares 155,000 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 19 / Number of allocated shares 152,800 shares, Category The Company's senior executive officers / Number of Employees 3 / Number of allocated shares 6,000 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged as collateral or otherwise disposed of. The transfer restriction period runs from 16 April 2026 to 15 April 2029.
Payment date
16 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 18 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥958.1. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
As this constitutes an offering of securities that does not require a notification under the Financial Instruments and Exchange Act, the Company filed an extraordinary report. Approval for the restricted stock compensation plan was obtained at the ordinary general meeting of shareholders held on 25 March 2020.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 313,800 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥958.1 per share |
| Total issue value | ¥300,651,780 |
| Amount of funds to be raised | Total amount paid: ¥300,651,780; estimated net proceeds: Not disclosed |
| Payment date | 16 April 2026 |
| Intended allottee | Name Directors of the Company, excluding outside directors and directors serving as Audit and Supervisory Committee Members / Number of Employees 2 / Number of Shares 155,000 shares, Name The Company's executive officers who do not concurrently serve as directors / Number of Employees 19 / Number of Shares 152,800 shares, Name The Company's senior executive officers / Number of Employees 3 / Number of Shares 6,000 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged as collateral or otherwise disposed of. The transfer restriction period runs from 16 April 2026 to 15 April 2029. |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 18 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥958.1. No discount or premium rate was stated. |
| Transfer restriction period | 3 years (from 16 April 2026 to 15 April 2029) |
| Conditions for lifting transfer restrictions | For the subject directors, the transfer restrictions on all of the allocated shares will be lifted upon expiration of the transfer restriction period, provided that they continuously hold the prescribed position throughout the applicable service period. For the subject executive officers and senior directors, the same condition applies throughout the applicable mandate period. In the event of retirement or resignation upon expiry of the term of office, mandatory retirement or other legitimate grounds, the restrictions will be lifted on the number of shares determined according to the period of service. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any allocated shares whose transfer restrictions have not been lifted as of the expiration of the transfer restriction period or the date on which the transfer restrictions are lifted. A clawback provision requires the recipient to return without consideration all accumulated restricted shares, depending on the recipient's responsibility, in the event of material accounting fraud, substantial losses or similar circumstances. |
| Categories and Number of Persons Covered | Category Directors of the Company, excluding outside directors and directors serving as Audit and Supervisory Committee Members / Number of Employees 2 / Number of allocated shares 155,000 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 19 / Number of allocated shares 152,800 shares, Category The Company's senior executive officers / Number of Employees 3 / Number of allocated shares 6,000 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥300,651,780 |
| Procedures under the Corporate Code of Conduct | As this constitutes an offering of securities that does not require a notification under the Financial Instruments and Exchange Act, the Company filed an extraordinary report. Approval for the restricted stock compensation plan was obtained at the ordinary general meeting of shareholders held on 25 March 2020. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateExercise 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.To further motivate the recipients under the restricted stock compensation plan and promote the sharing of shareholder 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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.