Worth reading
44Recurring
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
6832
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much6,832Shares
6,832 shares of the Company's common stock (treasury shares)
2 directors, excluding outside directors6,832 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,054 per share
Total issue value
¥7,200,928
Total Stock-Based Compensation
Monetary compensation claims of up to ¥50 million per year (the compensation limit under this plan)
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 17 July 2026 until the date on which the eligible director retires or otherwise leaves any position as a director, corporate auditor, executive officer or employee of the Company, or until the date of filing the Company's annual securities report or other applicable document in certain cases.
Conditions for lifting transfer restrictions
In principle, the eligible director must have continuously held a position as an officer or employee of the Company during the period of service, which runs from the date of the ordinary general meeting of shareholders immediately preceding the disposal date to the date of the next ordinary general meeting of shareholders. If the eligible director leaves office midway due to death or other legitimate reasons, the restrictions will be lifted in part according to the period of service.
Reason for acquisition without consideration
If it is determined that an eligible director will retire or otherwise leave all positions as an officer or employee of the Company for reasons other than death, expiration of the term of office, retirement age or other legitimate reasons, the Company will acquire all of the shares without consideration. Other grounds for acquisition without consideration will be stipulated in the allocation agreement based on a resolution of the Board of Directors.
Categories and Number of Persons Covered
2 directors, excluding outside directors; 6,832 shares allocated
Intended allottee's holding policy
During the restricted period, the shares may not be transferred, pledged or otherwise disposed of. Subject to the eligible directors having continuously held a position as an officer or employee during the period of service, the transfer restrictions will be lifted upon expiry of the restricted period.
Payment date
17 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 18 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,054. No discount or premium was applied.
Procedures under the Corporate Code of Conduct
At the 106th Ordinary General Meeting of Shareholders held on 19 June 2026, approval was obtained for the payment of monetary compensation claims of up to ¥50 million per year, the issuance or disposal of up to 50,000 common shares per year, and the restricted period and other related matters.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 6,832 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,054 per share |
| Total issue value | ¥7,200,928 |
| Payment date | 17 July 2026 |
| Intended allottee | Name 2 directors, excluding outside directors / Number of Shares 6,832 shares |
| Intended allottee's holding policy | During the restricted period, the shares may not be transferred, pledged or otherwise disposed of. Subject to the eligible directors having continuously held a position as an officer or employee during the period of service, the transfer restrictions will be lifted upon expiry of the restricted period. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 18 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,054. No discount or premium was applied. |
| Transfer restriction period | From 17 July 2026 until the date on which the eligible director retires or otherwise leaves any position as a director, corporate auditor, executive officer or employee of the Company, or until the date of filing the Company's annual securities report or other applicable document in certain cases. |
| Conditions for lifting transfer restrictions | In principle, the eligible director must have continuously held a position as an officer or employee of the Company during the period of service, which runs from the date of the ordinary general meeting of shareholders immediately preceding the disposal date to the date of the next ordinary general meeting of shareholders. If the eligible director leaves office midway due to death or other legitimate reasons, the restrictions will be lifted in part according to the period of service. |
| Reason for acquisition without consideration | If it is determined that an eligible director will retire or otherwise leave all positions as an officer or employee of the Company for reasons other than death, expiration of the term of office, retirement age or other legitimate reasons, the Company will acquire all of the shares without consideration. Other grounds for acquisition without consideration will be stipulated in the allocation agreement based on a resolution of the Board of Directors. |
| Categories and Number of Persons Covered | 2 directors, excluding outside directors; 6,832 shares allocated |
| Total Stock-Based Compensation | Monetary compensation claims of up to ¥50 million per year (the compensation limit under this plan) |
| Procedures under the Corporate Code of Conduct | At the 106th Ordinary General Meeting of Shareholders held on 19 June 2026, approval was obtained for the payment of monetary compensation claims of up to ¥50 million per year, the issuance or disposal of up to 50,000 common shares per year, and the restricted period and other related matters. |
Items this document does not state (14)
Amount of funds to be raisedEstimated 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 the eligible directors with an incentive to achieve sustained growth in corporate value and to promote the sharing of value between the eligible directors 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.