Worth reading
38Recurring
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
27303
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much27,303Shares
27,303 shares of the Bank's common stock (treasury shares)
6 directors of the Bank, excluding directors serving as Audit and Supervisory Committee members and outside directors27,303 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥633 per share
Total issue value
¥17,282,799
Amount of funds to be raised
Total payment amount: ¥17,282,799; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims of ¥17,282,799. The compensation framework provides for annual compensation of up to ¥40 million.
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 21 July 2026, the payment date, until the date on which the holder ceases to hold the position of director of the Bank
Conditions for lifting transfer restrictions
All of the allocated shares will be released from the transfer restrictions provided that the holder continuously remains a director of the Bank from July 2026 until the conclusion of the ordinary general meeting of shareholders for the fiscal year ending March 2027. If the holder ceases to hold the position due to death or another reason deemed legitimate by the Bank's Board of Directors, the number of shares to be released will be calculated by multiplying the number of allocated shares by the number of months in office divided by 12, capped at 1.
Reason for acquisition without consideration
The Bank will automatically acquire without consideration any allocated shares that remain subject to transfer restrictions upon the expiry of the transfer restriction period or at other times specified in the agreement.
Categories and Number of Persons Covered
6 directors of the Bank, excluding directors serving as Audit and Supervisory Committee members and outside directors; 27,303 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period runs from 21 July 2026 until the date on which the holder ceases to hold the position of director of the Bank.
Payment date
21 July 2026
Basis for determining the amount to be paid
The closing price of the Bank's common stock on the Tokyo Stock Exchange on 23 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥633. No discount or premium was applied.
Procedures under the Corporate Code of Conduct
At the 97th Ordinary General Meeting of Shareholders held on 24 June 2021, the payment of monetary compensation claims of up to ¥40 million per year and the transfer restriction period were approved.
Impact on Business Performance
The impact on business performance 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 | 27,303 shares of the Bank's common stock (treasury shares) |
| Issue price and disposal price | ¥633 per share |
| Total issue value | ¥17,282,799 |
| Amount of funds to be raised | Total payment amount: ¥17,282,799; estimated net proceeds: Not disclosed |
| Payment date | 21 July 2026 |
| Intended allottee | Name 6 directors of the Bank, excluding directors serving as Audit and Supervisory Committee members and outside directors / Number of Shares 27,303 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period runs from 21 July 2026 until the date on which the holder ceases to hold the position of director of the Bank. |
| Basis for determining the amount to be paid | The closing price of the Bank's common stock on the Tokyo Stock Exchange on 23 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥633. No discount or premium was applied. |
| Transfer restriction period | From 21 July 2026, the payment date, until the date on which the holder ceases to hold the position of director of the Bank |
| Conditions for lifting transfer restrictions | All of the allocated shares will be released from the transfer restrictions provided that the holder continuously remains a director of the Bank from July 2026 until the conclusion of the ordinary general meeting of shareholders for the fiscal year ending March 2027. If the holder ceases to hold the position due to death or another reason deemed legitimate by the Bank's Board of Directors, the number of shares to be released will be calculated by multiplying the number of allocated shares by the number of months in office divided by 12, capped at 1. |
| Reason for acquisition without consideration | The Bank will automatically acquire without consideration any allocated shares that remain subject to transfer restrictions upon the expiry of the transfer restriction period or at other times specified in the agreement. |
| Categories and Number of Persons Covered | 6 directors of the Bank, excluding directors serving as Audit and Supervisory Committee members and outside directors; 27,303 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥17,282,799. The compensation framework provides for annual compensation of up to ¥40 million. |
| Procedures under the Corporate Code of Conduct | At the 97th Ordinary General Meeting of Shareholders held on 24 June 2021, the payment of monetary compensation claims of up to ¥40 million per year and the transfer restriction period were approved. |
| Impact on Business Performance | The impact on business performance is Not disclosed |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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.To provide directors with an incentive to sustainably enhance corporate value and shareholder value over the medium to long term, and to promote the sharing of value with shareholders.
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.