Worth reading
49Recurring
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
502300
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much502,300Shares
502,300 common shares of the Company (treasury shares)
2 of the Company's directors (excluding directors who are Audit & Supervisory Committee Members)62,800 shares
11 executive officers of the Company122,900 shares
28 directors of the Company's subsidiaries (excluding directors who are Audit & Supervisory Committee Members and outside directors)145,400 shares
27 executive officers of the Company's subsidiaries171,200 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.
¥955 per share
Total issue value
¥479,696,500
Amount of funds to be raised
Total payment amount: ¥479,696,500; estimated net proceeds: Not disclosed (monetary compensation claims will be contributed in kind)
Total Stock-Based Compensation
Total monetary compensation claims: ¥479,696,500
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 22 July 2026 until the date on which the recipient retires from office
Conditions for lifting transfer restrictions
All transfer restrictions will be lifted upon expiry of the transfer restriction period, provided that the recipient's retirement is for a reason deemed legitimate by the Board of Directors. In the event of retirement due to death, the restrictions will be lifted upon retirement due to death. In the event of a reorganization or similar transaction, the number of shares to be released will be reasonably determined by resolution of the Board of Directors.
Reason for acquisition without consideration
The Company will acquire without consideration any shares for which the transfer restrictions have not been lifted upon expiry of the transfer restriction period. If the recipient retires during the term of office, the Company will acquire without consideration the number of shares corresponding to the remaining period, and if certain events, including misconduct, occur, the Company will acquire all or part of the shares without consideration.
Categories and Number of Persons Covered
2 directors of the Company: 62,800 shares; 11 executive officers of the Company: 122,900 shares; 28 directors of the Company's subsidiaries: 145,400 shares; 27 executive officers of the Company's subsidiaries: 171,200 shares
Intended allottee's holding policy
The transfer restriction period will run from 22 July 2026 until the date on which the recipient retires from office. During this period, the shares may not be transferred, pledged or otherwise disposed of.
Payment date
22 July 2026
Basis for determining the amount to be paid
The closing price of ¥955 on the business day immediately preceding the date of the Board of Directors' resolution. No discount or premium applies.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 502,300 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥955 per share |
| Total issue value | ¥479,696,500 |
| Amount of funds to be raised | Total payment amount: ¥479,696,500; estimated net proceeds: Not disclosed (monetary compensation claims will be contributed in kind) |
| Payment date | 22 July 2026 |
| Intended allottee | Name 2 of the Company's directors (excluding directors who are Audit & Supervisory Committee Members) / Number of Shares 62,800 shares, Name 11 executive officers of the Company / Number of Shares 122,900 shares, Name 28 directors of the Company's subsidiaries (excluding directors who are Audit & Supervisory Committee Members and outside directors) / Number of Shares 145,400 shares, Name 27 executive officers of the Company's subsidiaries / Number of Shares 171,200 shares |
| Intended allottee's holding policy | The transfer restriction period will run from 22 July 2026 until the date on which the recipient retires from office. During this period, the shares may not be transferred, pledged or otherwise disposed of. |
| Basis for determining the amount to be paid | The closing price of ¥955 on the business day immediately preceding the date of the Board of Directors' resolution. No discount or premium applies. |
| Transfer restriction period | From 22 July 2026 until the date on which the recipient retires from office |
| Conditions for lifting transfer restrictions | All transfer restrictions will be lifted upon expiry of the transfer restriction period, provided that the recipient's retirement is for a reason deemed legitimate by the Board of Directors. In the event of retirement due to death, the restrictions will be lifted upon retirement due to death. In the event of a reorganization or similar transaction, the number of shares to be released will be reasonably determined by resolution of the Board of Directors. |
| Reason for acquisition without consideration | The Company will acquire without consideration any shares for which the transfer restrictions have not been lifted upon expiry of the transfer restriction period. If the recipient retires during the term of office, the Company will acquire without consideration the number of shares corresponding to the remaining period, and if certain events, including misconduct, occur, the Company will acquire all or part of the shares without consideration. |
| Categories and Number of Persons Covered | 2 directors of the Company: 62,800 shares; 11 executive officers of the Company: 122,900 shares; 28 directors of the Company's subsidiaries: 145,400 shares; 27 executive officers of the Company's subsidiaries: 171,200 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥479,696,500 |
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 an incentive to achieve sustained growth in corporate value and further promote the sharing of value between the recipients and 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.