Worth reading
37Immaterial
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
1832
SharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much1,832Shares
1,832 shares of the Company's common stock (treasury shares)
5 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors)1,832 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥4,055 per share
Total issue value
¥7,428,760 (total disposal value)
Amount of funds to be raised
Total amount to be paid: ¥0; estimated net proceeds: ¥0
Total Stock-Based Compensation
Up to ¥14 million per year (separate from the existing cash compensation framework)
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 the allocation date until the later of the date on which the holder retires or resigns from the position of director, adviser, executive officer, employee or other equivalent position of the Company or one of its subsidiaries, or the date on which the Company's semiannual report for the fiscal year including the allocation date is filed.
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiration of the transfer restriction period, provided that the holder continuously held a transfer-restricted position from the month following the month containing the Company's annual general meeting of shareholders held immediately before the allocation date through the conclusion of the first annual general meeting of shareholders thereafter. If the holder retires or resigns due to death or another legitimate reason, the restrictions will be lifted for the number of shares corresponding to the number of months in office.
Reason for acquisition without consideration
If, during the transfer restriction period, the holder retires or resigns from a transfer-restricted position for a reason other than death or another legitimate reason, engages in a business that competes with the Company's business, or any other specified event occurs.
Categories and Number of Persons Covered
5 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors), 1,832 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and must be held and maintained in a designated account until the transfer restrictions are lifted.
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 16 July 2026, which was ¥4,055. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
The system and its annual limit were approved at the 99th Annual General Meeting of Shareholders held on 26 June 2025.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 1,832 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥4,055 per share |
| Total issue value | ¥7,428,760 (total disposal value) |
| Amount of funds to be raised | Total amount to be paid: ¥0; estimated net proceeds: ¥0 |
| Intended allottee | Name 5 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Shares 1,832 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and must be held and maintained in a designated account until the transfer restrictions are lifted. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 16 July 2026, which was ¥4,055. No discount or premium rate was stated. |
| Transfer restriction period | From the allocation date until the later of the date on which the holder retires or resigns from the position of director, adviser, executive officer, employee or other equivalent position of the Company or one of its subsidiaries, or the date on which the Company's semiannual report for the fiscal year including the allocation date is filed. |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiration of the transfer restriction period, provided that the holder continuously held a transfer-restricted position from the month following the month containing the Company's annual general meeting of shareholders held immediately before the allocation date through the conclusion of the first annual general meeting of shareholders thereafter. If the holder retires or resigns due to death or another legitimate reason, the restrictions will be lifted for the number of shares corresponding to the number of months in office. |
| Reason for acquisition without consideration | If, during the transfer restriction period, the holder retires or resigns from a transfer-restricted position for a reason other than death or another legitimate reason, engages in a business that competes with the Company's business, or any other specified event occurs. |
| Categories and Number of Persons Covered | 5 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors), 1,832 shares |
| Total Stock-Based Compensation | Up to ¥14 million per year (separate from the existing cash compensation framework) |
| Procedures under the Corporate Code of Conduct | The system and its annual limit were approved at the 99th Annual General Meeting of Shareholders held on 26 June 2025. |
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesExercise 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 provide directors with an incentive to enhance corporate value and promote value sharing with shareholders. The purpose is also to achieve sustained enhancement of corporate value and value sharing with shareholders 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.
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.