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
18222
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much18,222Shares
18,222 common shares of the Bank (treasury shares)
5 directors of the Bank, excluding directors who are Audit & Supervisory Committee members and outside directors13,821 shares
3 executive officers of the Bank4,401 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.
¥944 per share
Total issue value
¥17,201,568
Amount of funds to be raised
Total payment amount: ¥17,201,568; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables of ¥17,201,568
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 24 July 2026, the payment date, until the date on which the recipient ceases to hold any position as a director or executive officer of the Bank
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds either the position of director or executive officer of the Bank from 24 July 2026 until the conclusion of the ordinary general meeting of shareholders for the fiscal year ending March 2027, all restrictions on the shares will be lifted upon expiration of the restriction period. If the recipient ceases to hold the position due to death or another reason deemed justifiable by the Bank’s Board of Directors, the restrictions will be lifted on the number of shares calculated based on the number of months from July 2026 through the month including the date on which the recipient ceases to hold the position, divided by 12. In the event of a corporate reorganization or similar transaction, the restrictions will also be lifted based on the prescribed calculation.
Reason for acquisition without consideration
At the expiry of the transfer restriction period or any other time stipulated in the agreement, the Company will automatically acquire without consideration any allocated shares that remain subject to the transfer restrictions.
Categories and Number of Persons Covered
Category The bank's directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 5 / Number of allocated shares 13,821 shares, Category Executive officers of the Bank / Number of Employees 3 / Number of allocated shares 4,401 shares
Intended allottee's holding policy
From 24 July 2026, the payment date, until the date on which the recipient ceases to hold any position as a director or executive officer of the Bank, the shares may not be transferred, pledged or otherwise disposed of.
Payment date
24 July 2026
Basis for determining the amount to be paid
The closing price of the Bank’s common shares on the Tokyo Stock Exchange on 25 June 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥944. The discount rate and premium rate are Not disclosed.
Procedures under the Corporate Code of Conduct
The resolution was approved by the Board of Directors following deliberation and a recommendation by the Nomination and Compensation Committee. Obtaining an opinion from an independent third party and confirming shareholder intent are 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 | 18,222 common shares of the Bank (treasury shares) |
| Issue price and disposal price | ¥944 per share |
| Total issue value | ¥17,201,568 |
| Amount of funds to be raised | Total payment amount: ¥17,201,568; estimated net proceeds: Not disclosed |
| Payment date | 24 July 2026 |
| Intended allottee | Name 5 directors of the Bank, excluding directors who are Audit & Supervisory Committee members and outside directors / Number of Shares 13,821 shares, Name 3 executive officers of the Bank / Number of Shares 4,401 shares |
| Intended allottee's holding policy | From 24 July 2026, the payment date, until the date on which the recipient ceases to hold any position as a director or executive officer of the Bank, the shares may not be transferred, pledged or otherwise disposed of. |
| Basis for determining the amount to be paid | The closing price of the Bank’s common shares on the Tokyo Stock Exchange on 25 June 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥944. The discount rate and premium rate are Not disclosed. |
| Transfer restriction period | From 24 July 2026, the payment date, until the date on which the recipient ceases to hold any position as a director or executive officer of the Bank |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds either the position of director or executive officer of the Bank from 24 July 2026 until the conclusion of the ordinary general meeting of shareholders for the fiscal year ending March 2027, all restrictions on the shares will be lifted upon expiration of the restriction period. If the recipient ceases to hold the position due to death or another reason deemed justifiable by the Bank’s Board of Directors, the restrictions will be lifted on the number of shares calculated based on the number of months from July 2026 through the month including the date on which the recipient ceases to hold the position, divided by 12. In the event of a corporate reorganization or similar transaction, the restrictions will also be lifted based on the prescribed calculation. |
| Reason for acquisition without consideration | At the expiry of the transfer restriction period or any other time stipulated in the agreement, the Company will automatically acquire without consideration any allocated shares that remain subject to the transfer restrictions. |
| Categories and Number of Persons Covered | Category The bank's directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 5 / Number of allocated shares 13,821 shares, Category Executive officers of the Bank / Number of Employees 3 / Number of allocated shares 4,401 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥17,201,568 |
| Procedures under the Corporate Code of Conduct | The resolution was approved by the Board of Directors following deliberation and a recommendation by the Nomination and Compensation Committee. Obtaining an opinion from an independent third party and confirming shareholder intent are Not disclosed. |
Items this document does not state (13)
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 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 incentives for the sustainable enhancement of corporate value and shareholder value over the medium to long term and to promote value sharing with shareholders. The Bank also considered the purpose of the scheme, the Bank’s performance, the scope of responsibilities of each eligible recipient and other relevant circumstances.
How to read this page
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