Worth reading
35Immaterial
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
24604
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much24,604Shares
24,604 shares of the Company's common stock (treasury shares)
3 directors of the Company (excluding outside directors)18,007 shares
9 executive officers who do not concurrently serve as the Company's directors6,597 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.
¥1,255 per share
Total issue value
¥30,878,020
Amount of funds to be raised
Total payment amount: ¥30,878,020 (in-kind contribution of monetary claims against the eligible recipients) / Approximate net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary claims: ¥30,878,020
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
7 August 2026 to 6 August 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds one of the following positions during the transfer restriction period, all transfer restrictions will be lifted upon expiry of the period: director, executive officer, executive officer who does not concurrently serve as a director, audit & supervisory board member, adviser, counselor, employee, or any equivalent position of the Company. If the recipient leaves office or retires upon expiration of the term of office, mandatory retirement, or another legitimate reason, the transfer restrictions on the number of shares corresponding to the period of service will be lifted immediately after the departure or retirement.
Reason for acquisition without consideration
If, during the transfer restriction period, the recipient commits a violation of laws or regulations or otherwise falls under any of the specified circumstances under the share allotment agreement, the Company will acquire all of the recipient's shares without consideration. The Company will also acquire without consideration all shares for which the transfer restrictions have not been lifted when the transfer restrictions are lifted.
Categories and Number of Persons Covered
3 of the Company's directors (excluding outside directors), 18,007 shares; 9 of the Company's executive officers who do not concurrently serve as directors, 6,597 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to any third party, pledged, or otherwise disposed of in any manner. The transfer restriction period runs from 7 August 2026 to 6 August 2056.
Payment date
7 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Standard Market of the Tokyo Stock Exchange on 8 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,255. No discount or premium applies.
Impact on Business Performance
The impact of this disposal of treasury shares on financial results is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 24,604 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,255 per share |
| Total issue value | ¥30,878,020 |
| Amount of funds to be raised | Total payment amount: ¥30,878,020 (in-kind contribution of monetary claims against the eligible recipients) / Approximate net proceeds: Not disclosed |
| Payment date | 7 August 2026 |
| Intended allottee | Name 3 directors of the Company (excluding outside directors) / Number of Shares 18,007 shares, Name 9 executive officers who do not concurrently serve as the Company's directors / Number of Shares 6,597 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to any third party, pledged, or otherwise disposed of in any manner. The transfer restriction period runs from 7 August 2026 to 6 August 2056. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Standard Market of the Tokyo Stock Exchange on 8 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,255. No discount or premium applies. |
| Transfer restriction period | 7 August 2026 to 6 August 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds one of the following positions during the transfer restriction period, all transfer restrictions will be lifted upon expiry of the period: director, executive officer, executive officer who does not concurrently serve as a director, audit & supervisory board member, adviser, counselor, employee, or any equivalent position of the Company. If the recipient leaves office or retires upon expiration of the term of office, mandatory retirement, or another legitimate reason, the transfer restrictions on the number of shares corresponding to the period of service will be lifted immediately after the departure or retirement. |
| Reason for acquisition without consideration | If, during the transfer restriction period, the recipient commits a violation of laws or regulations or otherwise falls under any of the specified circumstances under the share allotment agreement, the Company will acquire all of the recipient's shares without consideration. The Company will also acquire without consideration all shares for which the transfer restrictions have not been lifted when the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | 3 of the Company's directors (excluding outside directors), 18,007 shares; 9 of the Company's executive officers who do not concurrently serve as directors, 6,597 shares |
| Total Stock-Based Compensation | Total monetary claims: ¥30,878,020 |
| Impact on Business Performance | The impact of this disposal of treasury shares on financial results is Not disclosed. |
Items this document does not state (13)
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 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.The Company took into consideration its business performance, the scope of responsibilities of each eligible director and other eligible recipient, and other relevant factors, with the aim of providing incentives for the eligible directors and other recipients to achieve sustained growth in corporate value, sharing value with shareholders, and further enhancing their motivation.
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