Worth reading
38Recurring
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
179800
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much179,800Shares
179,800 shares of the Company's common stock (treasury shares)
3 full-time directors of the Company, 1 outside director of the Company, 1 director who is an Audit & Supervisory Committee Member, and 1 outside director of a subsidiary of the CompanyTotal of 179,800 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,294 per share
Total Stock-Based Compensation
Total monetary remuneration claims of ¥232,661,200. The annual remuneration limits are ¥300 million or less for the Company's eligible directors, ¥100 million or less for the Company's outside directors, and ¥30 million or less for directors who are Audit & Supervisory Committee Members.
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
30 years from the payment date
Conditions for lifting transfer restrictions
All of the allocated shares will be released from the transfer restrictions upon expiry of the transfer restriction period, provided that the relevant directors have continuously held one of the following positions during the transfer restriction period: director, employee or another equivalent position at the Company. In the event of retirement or resignation upon expiry of the term of office, death or other legitimate reason, some or all of the restrictions will be released based on a prescribed calculation. In the event of a corporate reorganization or other similar event, the prescribed number of shares will also be released from the restrictions.
Reason for acquisition without consideration
The Company will acquire the relevant shares without consideration if the recipient retires or resigns without a legitimate reason before expiry of the transfer restriction period, if the transfer restrictions are not released because the release conditions are not satisfied, or if the restrictions are not released in connection with a corporate reorganization or other similar event.
Categories and Number of Persons Covered
3 full-time directors of the Company, 1 outside director of the Company, 1 director who is an Audit & Supervisory Committee Member, and 1 outside director of a subsidiary of the Company, for a total of 6 people. The number of shares allocated by category was not disclosed.
Payment date
7 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange Standard Market on 16 July 2026 was ¥1,294. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
At the annual general meetings of shareholders held on 26 June 2024 and 24 June 2026, approval was obtained for the restricted stock compensation plan and the applicable remuneration limits and maximum number of shares.
Impact on Business Performance
No specific impact of this disposal of treasury shares on business results was stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 179,800 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,294 per share |
| Payment date | 7 August 2026 |
| Intended allottee | Category 3 full-time directors of the Company, 1 outside director of the Company, 1 director who is an Audit & Supervisory Committee Member, and 1 outside director of a subsidiary of the Company / Number of Shares Total of 179,800 shares |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange Standard Market on 16 July 2026 was ¥1,294. No discount or premium rate was stated. |
| Transfer restriction period | 30 years from the payment date |
| Conditions for lifting transfer restrictions | All of the allocated shares will be released from the transfer restrictions upon expiry of the transfer restriction period, provided that the relevant directors have continuously held one of the following positions during the transfer restriction period: director, employee or another equivalent position at the Company. In the event of retirement or resignation upon expiry of the term of office, death or other legitimate reason, some or all of the restrictions will be released based on a prescribed calculation. In the event of a corporate reorganization or other similar event, the prescribed number of shares will also be released from the restrictions. |
| Reason for acquisition without consideration | The Company will acquire the relevant shares without consideration if the recipient retires or resigns without a legitimate reason before expiry of the transfer restriction period, if the transfer restrictions are not released because the release conditions are not satisfied, or if the restrictions are not released in connection with a corporate reorganization or other similar event. |
| Categories and Number of Persons Covered | 3 full-time directors of the Company, 1 outside director of the Company, 1 director who is an Audit & Supervisory Committee Member, and 1 outside director of a subsidiary of the Company, for a total of 6 people. The number of shares allocated by category was not disclosed. |
| Total Stock-Based Compensation | Total monetary remuneration claims of ¥232,661,200. The annual remuneration limits are ¥300 million or less for the Company's eligible directors, ¥100 million or less for the Company's outside directors, and ¥30 million or less for directors who are Audit & Supervisory Committee Members. |
| Procedures under the Corporate Code of Conduct | At the annual general meetings of shareholders held on 26 June 2024 and 24 June 2026, approval was obtained for the restricted stock compensation plan and the applicable remuneration limits and maximum number of shares. |
| Impact on Business Performance | No specific impact of this disposal of treasury shares on business results was stated. |
Items this document does not state (15)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / 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 promote the sustainable enhancement of corporate value and shareholder value over the medium to long term and to share value with shareholders, based on the purpose of the restricted stock compensation plan, the Company's business conditions, and the responsibilities and scope of duties of each director.
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.