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
18100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much18,100Shares
18,100 common shares (new shares)
The company's directors (including 2 outside directors and excluding directors serving as Audit and Supervisory Committee members)3 / 5,000 shares
Executive officers of the Company10 / 12,100 shares
Directors of the company's subsidiaries2 / 1,000 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.
¥1,090 per share
Total issue value
¥19,729,000
Amount of funds to be raised
Because the shares are paid for through an in-kind contribution of monetary compensation claims, this is not a cash financing. Total issue price: ¥19,729,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥19,729,000. The annual limit for monetary compensation claims granted to directors for restricted stock is ¥100 million.
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 the payment date through 1 October 2029
Conditions for lifting transfer restrictions
Subject to continuously holding a position as a director, executive director, executive officer or employee of the company or one of its subsidiaries during the restricted period, all shares held will be released from the transfer restrictions when the period expires. In the event of retirement or resignation for a valid reason, the number of shares released will correspond to the number of months in service.
Reason for acquisition without consideration
The company will automatically acquire without consideration, immediately after the restricted period expires, any shares that remain subject to transfer restrictions. In the event of a reorganization or similar transaction, the company may also acquire the shares without consideration subject to prescribed conditions.
Categories and Number of Persons Covered
3 company directors, 5,000 shares (including 2 outside directors, 600 shares; excluding directors serving as Audit and Supervisory Committee members); 10 company executive officers, 12,100 shares; 2 directors of company subsidiaries, 1,000 shares
Intended allottee's holding policy
From the payment date through 1 October 2029, the shares may not be transferred to a third party, pledged, gifted inter vivos or otherwise disposed of.
Payment date
28 October 2026
Basis for determining the amount to be paid
The closing price of the company's common shares on the Tokyo Stock Exchange on 28 September 2026, the business day preceding the date of the board resolution, was ¥1,090. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
At the 22nd annual general meeting of shareholders held on 25 September 2020, the payment of monetary compensation claims of up to ¥100 million per year to grant restricted stock to directors (excluding directors serving as Audit and Supervisory Committee members) was approved.
Impact on Business Performance
No impact on business performance from this issuance of new shares is stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 18,100 common shares (new shares) |
| Issue price and disposal price | ¥1,090 per share |
| Total issue value | ¥19,729,000 |
| Amount of funds to be raised | Because the shares are paid for through an in-kind contribution of monetary compensation claims, this is not a cash financing. Total issue price: ¥19,729,000; estimated net proceeds: Not disclosed |
| Payment date | 28 October 2026 |
| Intended allottee | Category The company's directors (including 2 outside directors and excluding directors serving as Audit and Supervisory Committee members) / Number of Employees 3 / Number of Shares 5,000 shares, Category Executive officers of the Company / Number of Employees 10 / Number of Shares 12,100 shares, Category Directors of the company's subsidiaries / Number of Employees 2 / Number of Shares 1,000 shares |
| Intended allottee's holding policy | From the payment date through 1 October 2029, the shares may not be transferred to a third party, pledged, gifted inter vivos 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 28 September 2026, the business day preceding the date of the board resolution, was ¥1,090. No discount or premium was stated. |
| Transfer restriction period | From the payment date through 1 October 2029 |
| Conditions for lifting transfer restrictions | Subject to continuously holding a position as a director, executive director, executive officer or employee of the company or one of its subsidiaries during the restricted period, all shares held will be released from the transfer restrictions when the period expires. In the event of retirement or resignation for a valid reason, the number of shares released will correspond to the number of months in service. |
| Reason for acquisition without consideration | The company will automatically acquire without consideration, immediately after the restricted period expires, any shares that remain subject to transfer restrictions. In the event of a reorganization or similar transaction, the company may also acquire the shares without consideration subject to prescribed conditions. |
| Categories and Number of Persons Covered | 3 company directors, 5,000 shares (including 2 outside directors, 600 shares; excluding directors serving as Audit and Supervisory Committee members); 10 company executive officers, 12,100 shares; 2 directors of company subsidiaries, 1,000 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥19,729,000. The annual limit for monetary compensation claims granted to directors for restricted stock is ¥100 million. |
| Procedures under the Corporate Code of Conduct | At the 22nd annual general meeting of shareholders held on 25 September 2020, the payment of monetary compensation claims of up to ¥100 million per year to grant restricted stock to directors (excluding directors serving as Audit and Supervisory Committee members) was approved. |
| Impact on Business Performance | No impact on business performance from this issuance of new shares is stated. |
Items this document does not state (12)
Estimated 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 an incentive to achieve sustained growth in the corporate value of the group and promote value sharing with shareholders. The shares will also be granted as part of compensation for continued service for 1 year, taking into account the existing level of officers' bonuses and other factors.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.