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
47205
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much47,205Shares
47,205 common shares of the Company (treasury shares)
2 directors of the Company (excluding outside directors)18,025 shares
4 executive officers who do not concurrently serve as directors of the Company9,649 shares
8 directors of the Company's subsidiaries (excluding outside directors)19,531 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.
¥1,202 per share
Amount of funds to be raised
Total payment amount: ¥56,740,410; estimated net proceeds: not disclosed
Total Stock-Based Compensation
Total monetary claims: ¥56,740,410. The annual limit on total compensation for eligible directors is ¥33 million, and the annual limit on the total number of shares is 66,000 shares.
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 20 August 2026 until immediately after the recipient ceases to hold a specified position as an officer or employee of the Company or one of its subsidiaries.
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a specified position at the Company or one of its subsidiaries throughout the service provision period, all transfer restrictions will be lifted upon expiration of the restriction period. If the recipient ceases to hold the position or retires upon expiration of the term of office, reaching mandatory retirement age or for another legitimate reason, a certain proportion of the restrictions will be lifted immediately after the recipient's departure or retirement.
Reason for acquisition without consideration
If, during the restriction period, the recipient engages in an act that violates laws or regulations or otherwise falls under a circumstance specified in the allocation agreement, all shares held by the recipient will be acquired without consideration. Shares for which the transfer restrictions remain in place at the expiration of the restriction period or when the restrictions are lifted will also be acquired without consideration.
Categories and Number of Persons Covered
2 directors of the Company (excluding outside directors): 18,025 shares; 4 executive officers of the Company who do not concurrently serve as directors: 9,649 shares; 8 directors of the Company's subsidiaries (excluding outside directors): 19,531 shares
Intended allottee's holding policy
During the restricted transfer period, the shares may not be transferred to any third party, pledged as collateral, or otherwise disposed of in any way. The shares will be managed in a dedicated account at Nomura Securities Co., Ltd.
Payment date
20 August 2026
Basis for determining the amount to be paid
The payment amount is based on the closing price of ¥1,202 for the Company's common shares on the Tokyo Stock Exchange Prime Market on 22 July 2026, the business day preceding the date of the Board of Directors' resolution. The discount and premium rates are not disclosed. The Company determined that the amount is reasonable and does not constitute a particularly advantageous amount.
Procedures under the Corporate Code of Conduct
The recommendations of the Nomination, Compensation and Governance Committee will be respected. Other procedures: not disclosed.
Impact on Business Performance
The impact of this disposal of treasury shares on financial results: 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 | 47,205 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,202 per share |
| Amount of funds to be raised | Total payment amount: ¥56,740,410; estimated net proceeds: not disclosed |
| Payment date | 20 August 2026 |
| Intended allottee | Name 2 directors of the Company (excluding outside directors) / Number of Shares 18,025 shares, Name 4 executive officers who do not concurrently serve as directors of the Company / Number of Shares 9,649 shares, Name 8 directors of the Company's subsidiaries (excluding outside directors) / Number of Shares 19,531 shares |
| Intended allottee's holding policy | During the restricted transfer period, the shares may not be transferred to any third party, pledged as collateral, or otherwise disposed of in any way. The shares will be managed in a dedicated account at Nomura Securities Co., Ltd. |
| Basis for determining the amount to be paid | The payment amount is based on the closing price of ¥1,202 for the Company's common shares on the Tokyo Stock Exchange Prime Market on 22 July 2026, the business day preceding the date of the Board of Directors' resolution. The discount and premium rates are not disclosed. The Company determined that the amount is reasonable and does not constitute a particularly advantageous amount. |
| Transfer restriction period | From 20 August 2026 until immediately after the recipient ceases to hold a specified position as an officer or employee of the Company or one of its subsidiaries. |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a specified position at the Company or one of its subsidiaries throughout the service provision period, all transfer restrictions will be lifted upon expiration of the restriction period. If the recipient ceases to hold the position or retires upon expiration of the term of office, reaching mandatory retirement age or for another legitimate reason, a certain proportion of the restrictions will be lifted immediately after the recipient's departure or retirement. |
| Reason for acquisition without consideration | If, during the restriction period, the recipient engages in an act that violates laws or regulations or otherwise falls under a circumstance specified in the allocation agreement, all shares held by the recipient will be acquired without consideration. Shares for which the transfer restrictions remain in place at the expiration of the restriction period or when the restrictions are lifted will also be acquired without consideration. |
| Categories and Number of Persons Covered | 2 directors of the Company (excluding outside directors): 18,025 shares; 4 executive officers of the Company who do not concurrently serve as directors: 9,649 shares; 8 directors of the Company's subsidiaries (excluding outside directors): 19,531 shares |
| Total Stock-Based Compensation | Total monetary claims: ¥56,740,410. The annual limit on total compensation for eligible directors is ¥33 million, and the annual limit on the total number of shares is 66,000 shares. |
| Procedures under the Corporate Code of Conduct | The recommendations of the Nomination, Compensation and Governance Committee will be respected. Other procedures: not disclosed. |
| Impact on Business Performance | The impact of this disposal of treasury shares on financial results: not disclosed. |
Items this document does not state (13)
Total issue valueEstimated 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 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 provide incentives for the sustained enhancement of corporate value, promote value sharing with shareholders, and further increase the motivation of each eligible recipient.
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.