Worth reading
47Recurring
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
32695
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much32,695Shares
32,695 shares of the Company's common stock (treasury shares)
4 of the Company's directors, excluding outside directors23,743 shares
2 executive officers who do not concurrently serve as directors of the Company8,952 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.
¥367 per share
Total issue value
¥11,999,065
Amount of funds to be raised
Total payment amount: ¥11,999,065; estimated net proceeds: none, as the shares will be issued in exchange for an in-kind contribution of monetary claims paid as compensation
Total Stock-Based Compensation
Up to ¥15 million per year (compensation limit for eligible directors); total monetary claims for this allocation: ¥11,999,065
発行済株式総数
No increase (disposal of treasury shares)
No dilution, as this is a disposal of treasury shares and the total number of issued shares will not increase
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.
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 20 August 2026 until immediately after the recipient ceases to hold any of the prescribed positions as an officer or employee of the Company or one of its subsidiaries
Conditions for lifting transfer restrictions
Subject to the recipient having continuously held one of the prescribed positions as an officer or employee of the Company or one of its subsidiaries throughout the service period, all of the allocated shares will be released from the transfer restrictions upon expiration of the transfer restriction period. In cases of retirement or resignation due to expiration of the term of office, death or other legitimate reasons, the restrictions will be lifted for the number of shares determined according to the period of service.
Reason for acquisition without consideration
If, during the transfer restriction period, a recipient commits a violation of laws or regulations or otherwise falls under any of the specified circumstances set out in the allocation agreement, the Company will acquire all of the recipient's shares without consideration. The Company will also acquire without consideration any shares whose transfer restrictions are not lifted upon expiration of the transfer restriction period or at the time of release.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of allocated shares 23,743 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 2 / Number of allocated shares 8,952 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to any third party, pledged as collateral, or otherwise disposed of. During this period, they will be managed in a dedicated account at Nomura Securities Co., Ltd.
Payment date
20 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange Standard Market on 17 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥367. The Company explains that this does not constitute a particularly favorable price. Discount rate/premium rate: Not disclosed.
Procedures under the Corporate Code of Conduct
At the 69th Annual General Meeting of Shareholders held on 26 June 2026, approval was obtained for the compensation amount, number of shares, transfer restriction period and other matters under this plan. This allocation was also submitted to the Nomination and Compensation Committee for consultation.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 32,695 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥367 per share |
| Total issue value | ¥11,999,065 |
| Amount of funds to be raised | Total payment amount: ¥11,999,065; estimated net proceeds: none, as the shares will be issued in exchange for an in-kind contribution of monetary claims paid as compensation |
| Payment date | 20 August 2026 |
| Intended allottee | Name 4 of the Company's directors, excluding outside directors / Number of Shares 23,743 shares, Name 2 executive officers who do not concurrently serve as directors of the Company / Number of Shares 8,952 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to any third party, pledged as collateral, or otherwise disposed of. During this period, they will be managed in a dedicated account at Nomura Securities Co., Ltd. |
| Dilution Rate | No dilution, as this is a disposal of treasury shares and the total number of issued shares will not increase |
| Total number of issued shares | No increase (disposal of treasury shares) |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange Standard Market on 17 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥367. The Company explains that this does not constitute a particularly favorable price. Discount rate/premium rate: Not disclosed. |
| Transfer restriction period | From 20 August 2026 until immediately after the recipient ceases to hold any of the prescribed positions as an officer or employee of the Company or one of its subsidiaries |
| Conditions for lifting transfer restrictions | Subject to the recipient having continuously held one of the prescribed positions as an officer or employee of the Company or one of its subsidiaries throughout the service period, all of the allocated shares will be released from the transfer restrictions upon expiration of the transfer restriction period. In cases of retirement or resignation due to expiration of the term of office, death or other legitimate reasons, the restrictions will be lifted for the number of shares determined according to the period of service. |
| Reason for acquisition without consideration | If, during the transfer restriction period, a recipient commits a violation of laws or regulations or otherwise falls under any of the specified circumstances set out in the allocation agreement, the Company will acquire all of the recipient's shares without consideration. The Company will also acquire without consideration any shares whose transfer restrictions are not lifted upon expiration of the transfer restriction period or at the time of release. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of allocated shares 23,743 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 2 / Number of allocated shares 8,952 shares |
| Total Stock-Based Compensation | Up to ¥15 million per year (compensation limit for eligible directors); total monetary claims for this allocation: ¥11,999,065 |
| Procedures under the Corporate Code of Conduct | At the 69th Annual General Meeting of Shareholders held on 26 June 2026, approval was obtained for the compensation amount, number of shares, transfer restriction period and other matters under this plan. This allocation was also submitted to the Nomination and Compensation Committee for consultation. |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise 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 the eligible directors and other recipients with incentives to achieve sustained growth in corporate value, promote greater sharing of value with shareholders, and further enhance their motivation.
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.