Worth reading
60In focus
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
840000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares in connection with additional contributions to the Stock Benefit Trust (BBT)
Who receives how much840,000Shares
840,000 common shares (treasury shares)
Japan Custody Bank, Ltd. (Trust E Account)840,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥3,074 per share
Total issue value
¥2,582,160,000
Amount of funds to be raised
Total amount to be paid: ¥2,582,160,000; estimated net proceeds: Not disclosed
Specific use of funds
To fund an additional cash contribution to the trustAmount ¥2,582,160,000 / Scheduled timing of expenditures 24 August 2026
発行済株式総数
0.36% of total shares issued and 0.41% of total voting rights
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
The Company's directors, excluding directors serving as Audit and Supervisory Committee members, part-time directors and outside directors, and executive officers, excluding executive officers serving as General Manager of the Audit Department and executive officers responsible for the Audit Department, as well as directors, excluding directors serving as Audit and Supervisory Committee members, part-time directors and outside directors, and executive officers of the 3 banks within the Company's group. Number of recipients not stated.
Payment date
24 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, ¥3,074. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
Board of Directors' resolution. No statement regarding obtaining an opinion from an independent third party or confirming shareholders' intentions.
Most recent equity financing
Timing 10 May 2019 / Type Partial amendment to the Stock Benefit Trust (BBT) / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares in connection with additional contributions to the Stock Benefit Trust (BBT) |
| Number of shares to be issued or disposed of | 840,000 common shares (treasury shares) |
| Issue price and disposal price | ¥3,074 per share |
| Total issue value | ¥2,582,160,000 |
| Amount of funds to be raised | Total amount to be paid: ¥2,582,160,000; estimated net proceeds: Not disclosed |
| Specific use of funds | Details To fund an additional cash contribution to the trust / Amount ¥2,582,160,000 / Scheduled timing of expenditures 24 August 2026 |
| Payment date | 24 August 2026 |
| Intended allottee | Name Japan Custody Bank, Ltd. (Trust E Account) / Number of Shares 840,000 shares |
| Dilution Rate | 0.36% of total shares issued and 0.41% of total voting rights |
| Total number of issued shares | 234,767,616 shares → Not disclosed |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, ¥3,074. No discount or premium rate was stated. |
| Categories and Number of Persons Covered | The Company's directors, excluding directors serving as Audit and Supervisory Committee members, part-time directors and outside directors, and executive officers, excluding executive officers serving as General Manager of the Audit Department and executive officers responsible for the Audit Department, as well as directors, excluding directors serving as Audit and Supervisory Committee members, part-time directors and outside directors, and executive officers of the 3 banks within the Company's group. Number of recipients not stated. |
| Procedures under the Corporate Code of Conduct | Board of Directors' resolution. No statement regarding obtaining an opinion from an independent third party or confirming shareholders' intentions. |
| Most recent equity financing | Timing 10 May 2019 / Type Partial amendment to the Stock Benefit Trust (BBT) / Amount Not disclosed |
Items this document does not state (14)
Estimated issuance expensesIntended allottee's holding policyExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor 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.The trust will acquire the shares expected to be required for future benefits in order to continue the plan. The number of shares to be disposed of corresponds to the number of shares expected to be delivered to eligible directors and other recipients over the 3 fiscal years from the fiscal year ending March 2026 through the fiscal year ending March 2028.
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.