Worth reading
43Recurring
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
1.62
% (dilution rate relative to the total number of issued shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares through a third-party allotment (to the stock grant ESOP trust account)
発行・処分する株式数401,000Shares
401,000 treasury shares
Intended allottee
The Master Trust Bank of Japan, Ltd. (ESOP Trust Account for Share Grants)
¥1,148 per share
Total issue value
¥460,348,000
発行済株式総数
1.62% of the total number of shares issued and 2.51% of the total number of voting rights as of 30 September 2026
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Categories and Number of Persons Covered
Employees of the company and certain subsidiaries. Number of people: Not disclosed.
Intended allottee's holding policy
The shares will be granted to employees in accordance with the share grant rules. The disposal shares are not expected to be released into the stock market all at once.
Payment date
1 December 2026
Basis for determining the amount to be paid
The closing price of the company's shares on the Tokyo Stock Exchange on 9 November 2026 was ¥1,148. As there was no trading on the business day preceding the date of the Board of Directors' resolution, the closing price on the second preceding business day was used. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
As the dilution rate is below 25% and there will be no change in the controlling shareholder, it is not necessary to obtain an opinion from an independent third party or conduct procedures to confirm shareholder intent as prescribed in Article 432 of the Tokyo Stock Exchange Securities Listing Regulations. All 3 corporate auditors, including 2 outside corporate auditors, expressed the opinion that the transfer price is reasonable and is not particularly favorable.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares through a third-party allotment (to the stock grant ESOP trust account) |
| Number of shares to be issued or disposed of | 401,000 treasury shares |
| Issue price and disposal price | ¥1,148 per share |
| Total issue value | ¥460,348,000 |
| Payment date | 1 December 2026 |
| Intended allottee | The Master Trust Bank of Japan, Ltd. (ESOP Trust Account for Share Grants) |
| Intended allottee's holding policy | The shares will be granted to employees in accordance with the share grant rules. The disposal shares are not expected to be released into the stock market all at once. |
| Dilution Rate | 1.62% of the total number of shares issued and 2.51% of the total number of voting rights as of 30 September 2026 |
| Total number of issued shares | 24,771,561 shares → 24,771,561 shares |
| Basis for determining the amount to be paid | The closing price of the company's shares on the Tokyo Stock Exchange on 9 November 2026 was ¥1,148. As there was no trading on the business day preceding the date of the Board of Directors' resolution, the closing price on the second preceding business day was used. No discount or premium rate was stated. |
| Categories and Number of Persons Covered | Employees of the company and certain subsidiaries. Number of people: Not disclosed. |
| Procedures under the Corporate Code of Conduct | As the dilution rate is below 25% and there will be no change in the controlling shareholder, it is not necessary to obtain an opinion from an independent third party or conduct procedures to confirm shareholder intent as prescribed in Article 432 of the Tokyo Stock Exchange Securities Listing Regulations. All 3 corporate auditors, including 2 outside corporate auditors, expressed the opinion that the transfer price is reasonable and is not particularly favorable. |
Items this document does not state (16)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal 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.To improve employee engagement and enhance the corporate value of the group over the medium to long term. The shares transferred will be delivered to employees in accordance with the share delivery rules, and are not expected to be released onto the stock market all at once. The company therefore determined that the impact on the stock market will be minor and that the number of shares transferred and the scale of dilution are reasonable.
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.