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
656500
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as compensation for directors and employees, including restricted stock compensation and stock delivery plans
発行・処分する株式数656,500Shares
656,500 common shares (treasury shares)
Intended allottee
The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account)
¥1,469 per share
Total issue value
¥964,398,500
発行済株式総数
1.73% of total shares issued and 2.04% 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.
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.
Conditions for lifting transfer restrictions
Shares will be delivered to the eligible directors and other eligible persons in accordance with the stock delivery regulations. Other conditions for lifting the transfer restrictions are Not disclosed.
Categories and Number of Persons Covered
Directors, Executive Officers and corporate officers of the Company and its subsidiaries, excluding outside directors and non-residents of Japan. The number of eligible persons and the number of shares allocated by category are Not disclosed.
Basis for determining the amount to be paid
The closing price of the Company’s shares on the Tokyo Stock Exchange on 29 July 2026, ¥1,469. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
As the dilution rate is below 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholder intent were deemed unnecessary. The Audit Committee, comprising 3 outside directors, also expressed the opinion that the disposal price was reasonable and was not particularly favourable.
Impact on Business Performance
The impact on the stock market is expected to be minor.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as compensation for directors and employees, including restricted stock compensation and stock delivery plans |
| Number of shares to be issued or disposed of | 656,500 common shares (treasury shares) |
| Issue price and disposal price | ¥1,469 per share |
| Total issue value | ¥964,398,500 |
| Intended allottee | The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account) |
| Dilution Rate | 1.73% of total shares issued and 2.04% of total voting rights |
| Basis for determining the amount to be paid | The closing price of the Company’s shares on the Tokyo Stock Exchange on 29 July 2026, ¥1,469. No discount or premium rate is stated. |
| Conditions for lifting transfer restrictions | Shares will be delivered to the eligible directors and other eligible persons in accordance with the stock delivery regulations. Other conditions for lifting the transfer restrictions are Not disclosed. |
| Categories and Number of Persons Covered | Directors, Executive Officers and corporate officers of the Company and its subsidiaries, excluding outside directors and non-residents of Japan. The number of eligible persons and the number of shares allocated by category are Not disclosed. |
| Procedures under the Corporate Code of Conduct | As the dilution rate is below 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholder intent were deemed unnecessary. The Audit Committee, comprising 3 outside directors, also expressed the opinion that the disposal price was reasonable and was not particularly favourable. |
| Impact on Business Performance | The impact on the stock market is expected to be minor. |
Items this document does not state (17)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / 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 deepen the sharing of interests between the Company’s and its subsidiaries’ directors, Executive Officers and corporate officers and shareholders, clarify the linkage between compensation, business performance and corporate value, and provide incentives to achieve the medium-term management plan.
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.