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
54100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much54,100Shares
54,100 shares of the Company's common stock (treasury shares)
10 directors of the Company (including outside directors)31,200 shares
5 executive officers of the Company (excluding executive officers who also serve as directors)15,400 shares
5 executive officers of the Company7,500 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.
¥1,811 per share
Total issue value
¥97,975,100
Total Stock-Based Compensation
¥97,975,100 (total monetary compensation receivables)
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
6 July 2026 to 5 July 2056 (30 years)
Conditions for lifting transfer restrictions
All of the allocated shares will be released from the transfer restrictions upon expiration of the transfer restriction period, provided that the recipient has continuously held a position as a director, audit & supervisory board member, executive officer, corporate officer or employee of the Company or one of its subsidiaries throughout the transfer restriction period. If the recipient leaves office or employment upon expiration of the term of office, retirement, death or for another legitimate reason, the transfer restrictions will be released immediately after the departure, for the number of shares corresponding to the period of service.
Reason for acquisition without consideration
If a recipient leaves office or employment as an officer or employee of the Company or one of its subsidiaries before the end of the transfer restriction period without a legitimate reason, the Company will acquire all of the allocated shares without consideration. The Company will also acquire without consideration all shares that remain subject to transfer restrictions upon expiration of the transfer restriction period or upon departure from office or employment for a legitimate reason.
Categories and Number of Persons Covered
Category Directors of the Company (including outside directors) / Number of Employees 10 / Number of allocated shares 31,200 shares, Category The Company's executive officers (excluding executive officers concurrently serving as directors) / Number of Employees 5 / Number of allocated shares 15,400 shares, Category The Company's executive officers / Number of Employees 5 / Number of allocated shares 7,500 shares
Intended allottee's holding policy
During the transfer restriction period, the recipients may not transfer, create security interests over or otherwise dispose of the shares. The transfer restriction period runs from 6 July 2026 to 5 July 2056.
Payment date
6 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 11 June 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥1,811. No discount or premium is 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 | 54,100 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,811 per share |
| Total issue value | ¥97,975,100 |
| Payment date | 6 July 2026 |
| Intended allottee | Name 10 directors of the Company (including outside directors) / Number of Shares 31,200 shares, Name 5 executive officers of the Company (excluding executive officers who also serve as directors) / Number of Shares 15,400 shares, Name 5 executive officers of the Company / Number of Shares 7,500 shares |
| Intended allottee's holding policy | During the transfer restriction period, the recipients may not transfer, create security interests over or otherwise dispose of the shares. The transfer restriction period runs from 6 July 2026 to 5 July 2056. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 11 June 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥1,811. No discount or premium is stated. |
| Transfer restriction period | 6 July 2026 to 5 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | All of the allocated shares will be released from the transfer restrictions upon expiration of the transfer restriction period, provided that the recipient has continuously held a position as a director, audit & supervisory board member, executive officer, corporate officer or employee of the Company or one of its subsidiaries throughout the transfer restriction period. If the recipient leaves office or employment upon expiration of the term of office, retirement, death or for another legitimate reason, the transfer restrictions will be released immediately after the departure, for the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | If a recipient leaves office or employment as an officer or employee of the Company or one of its subsidiaries before the end of the transfer restriction period without a legitimate reason, the Company will acquire all of the allocated shares without consideration. The Company will also acquire without consideration all shares that remain subject to transfer restrictions upon expiration of the transfer restriction period or upon departure from office or employment for a legitimate reason. |
| Categories and Number of Persons Covered | Category Directors of the Company (including outside directors) / Number of Employees 10 / Number of allocated shares 31,200 shares, Category The Company's executive officers (excluding executive officers concurrently serving as directors) / Number of Employees 5 / Number of allocated shares 15,400 shares, Category The Company's executive officers / Number of Employees 5 / Number of allocated shares 7,500 shares |
| Total Stock-Based Compensation | ¥97,975,100 (total monetary compensation receivables) |
Items this document does not state (15)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
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 encourage the recipients to contribute to increasing the Company's corporate value over the medium to long term and to promote the sharing of value with shareholders. The compensation is also intended to provide an incentive to achieve sustained growth in corporate value during the recipients' periods of service.
How to read this page
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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.