Worth reading
40Recurring
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
55449
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
55,449 common shares of the Company (53,030 shares for directors and 2,419 shares for the executive officer)
4 directors of the Company (excluding outside directors)53,030 shares
1 executive officer of the Company2,419 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.
¥1,072 per share
Amount of funds to be raised
As no payment is required for the shares allocated to the directors, and the executive officer will contribute the entire amount of the monetary compensation claim as property contributed in kind, the amount of cash raised and the estimated net proceeds are Not disclosed
Total Stock-Based Compensation
Total fair value of the shares for directors: ¥56,848,160. Total disposal value of the shares for the executive officer: ¥2,593,168.
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury 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
5 years (from 22 May 2026 through 21 May 2031)
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as a director or employee of the Company during the transfer restriction period, all transfer restrictions will be lifted upon expiry of the period. If the recipient retires or leaves employment due to death, expiration of the term of office, mandatory retirement, or another reason deemed legitimate by the Board of Directors, the restrictions will be lifted on a number of shares corresponding to the recipient's months of service. In the event of a corporate reorganization or similar transaction, the restrictions may also be partially lifted based on a prescribed calculation.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any shares for which the transfer restrictions have not been lifted at the time the transfer restrictions are lifted.
Stock Split RatioNot applicable (in past stock splits, 1 common share was split into 2 shares on 1 July 2024 and 1 November 2025, respectively)
Categories and Number of Persons Covered
Category The Company's directors (excluding outside directors) / Number of Employees 4 / Number of allocated shares 53,030 shares, Category Executive officers of the Company / Number of Employees 1 / Number of allocated shares 2,419 shares
Intended allottee's holding policy
From 22 May 2026 through 21 May 2031, the shares may not be transferred, pledged as collateral, or otherwise disposed of.
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 22 April 2026, ¥1,072. No discount or premium applies.
Impact on Business Performance
The impact of this disposal of treasury shares on performance for the fiscal year ending December 2026 is minor.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 55,449 common shares of the Company (53,030 shares for directors and 2,419 shares for the executive officer) |
| Issue price and disposal price | ¥1,072 per share |
| Amount of funds to be raised | As no payment is required for the shares allocated to the directors, and the executive officer will contribute the entire amount of the monetary compensation claim as property contributed in kind, the amount of cash raised and the estimated net proceeds are Not disclosed |
| Intended allottee | Category 4 directors of the Company (excluding outside directors) / Number of Shares 53,030 shares, Category 1 executive officer of the Company / Number of Shares 2,419 shares |
| Intended allottee's holding policy | From 22 May 2026 through 21 May 2031, the shares may not be transferred, pledged as collateral, or otherwise disposed of. |
| Total number of issued shares | The total number of issued shares will not increase because this is a disposal of treasury shares. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 22 April 2026, ¥1,072. No discount or premium applies. |
| Transfer restriction period | 5 years (from 22 May 2026 through 21 May 2031) |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as a director or employee of the Company during the transfer restriction period, all transfer restrictions will be lifted upon expiry of the period. If the recipient retires or leaves employment due to death, expiration of the term of office, mandatory retirement, or another reason deemed legitimate by the Board of Directors, the restrictions will be lifted on a number of shares corresponding to the recipient's months of service. In the event of a corporate reorganization or similar transaction, the restrictions may also be partially lifted based on a prescribed calculation. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any shares for which the transfer restrictions have not been lifted at the time the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | Category The Company's directors (excluding outside directors) / Number of Employees 4 / Number of allocated shares 53,030 shares, Category Executive officers of the Company / Number of Employees 1 / Number of allocated shares 2,419 shares |
| Total Stock-Based Compensation | Total fair value of the shares for directors: ¥56,848,160. Total disposal value of the shares for the executive officer: ¥2,593,168. |
| Stock Split Ratio | Not applicable (in past stock splits, 1 common share was split into 2 shares on 1 July 2024 and 1 November 2025, respectively) |
| Impact on Business Performance | The impact of this disposal of treasury shares on performance for the fiscal year ending December 2026 is minor. |
Items this document does not state (13)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentProcedures under the Corporate Code of ConductMost 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 an incentive for the sustained enhancement of corporate value and further promote value sharing with shareholders. In determining this allocation, the Company considered the purpose of the plan, the Company's performance, the scope of responsibilities of each eligible director and other eligible person, and other relevant factors.
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