Worth reading
51Recurring
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
12017
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much12,017Shares
12,017 common shares of the Company (treasury shares)
6 of the Company's directors, excluding outside directors12,017 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥624 per share
Total issue value
¥7,498,608
Amount of funds to be raised
Total payment amount: ¥7,498,608; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥7,498,608. Under the compensation program, monetary compensation receivables are capped at ¥25 million per year.
発行済株式総数
No increase
As this is solely a disposal of treasury shares, the total number of issued shares will not increase
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
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 24 July 2026 until the recipients retire from their positions as directors of the Company
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted when the restricted period expires, provided that the recipient has continuously remained a director of the Company throughout the service period from the date of this General Meeting of Shareholders through the date of the following annual General Meeting of Shareholders. In the event of retirement upon expiration of the term of office, mandatory retirement age or other legitimate grounds, the restrictions will be reasonably adjusted.
Reason for acquisition without consideration
If a recipient retires as a director of the Company without legitimate grounds before the restricted period expires, or if any shares remain subject to restrictions when the restricted period expires, the Company will acquire those shares without consideration. The Company will also acquire without consideration any shares that remain subject to restrictions in connection with a corporate reorganization.
Categories and Number of Persons Covered
6 directors of the Company, excluding outside directors; 12,017 shares
Intended allottee's holding policy
From 24 July 2026 until they retire from their positions as directors of the Company, the recipients may not transfer the shares, create a pledge or transfer-security interest over them, make a lifetime gift or bequest, or otherwise dispose of them in any way.
Payment date
24 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 25 June 2026, ¥624. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
At the 115th Annual General Meeting of Shareholders held on 27 June 2024, approval was obtained for the payment of monetary compensation receivables of up to ¥25 million per year and for the restricted period and other related matters.
Impact on Business Performance
No information is provided on the impact of this matter on the Company's performance
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 12,017 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥624 per share |
| Total issue value | ¥7,498,608 |
| Amount of funds to be raised | Total payment amount: ¥7,498,608; estimated net proceeds: Not disclosed |
| Payment date | 24 July 2026 |
| Intended allottee | Name 6 of the Company's directors, excluding outside directors / Number of Shares 12,017 shares |
| Intended allottee's holding policy | From 24 July 2026 until they retire from their positions as directors of the Company, the recipients may not transfer the shares, create a pledge or transfer-security interest over them, make a lifetime gift or bequest, or otherwise dispose of them in any way. |
| Dilution Rate | As this is solely a disposal of treasury shares, the total number of issued shares will not increase |
| Total number of issued shares | No increase |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 25 June 2026, ¥624. No discount or premium rate is stated. |
| Transfer restriction period | From 24 July 2026 until the recipients retire from their positions as directors of the Company |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted when the restricted period expires, provided that the recipient has continuously remained a director of the Company throughout the service period from the date of this General Meeting of Shareholders through the date of the following annual General Meeting of Shareholders. In the event of retirement upon expiration of the term of office, mandatory retirement age or other legitimate grounds, the restrictions will be reasonably adjusted. |
| Reason for acquisition without consideration | If a recipient retires as a director of the Company without legitimate grounds before the restricted period expires, or if any shares remain subject to restrictions when the restricted period expires, the Company will acquire those shares without consideration. The Company will also acquire without consideration any shares that remain subject to restrictions in connection with a corporate reorganization. |
| Categories and Number of Persons Covered | 6 directors of the Company, excluding outside directors; 12,017 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥7,498,608. Under the compensation program, monetary compensation receivables are capped at ¥25 million per year. |
| Procedures under the Corporate Code of Conduct | At the 115th Annual General Meeting of Shareholders held on 27 June 2024, approval was obtained for the payment of monetary compensation receivables of up to ¥25 million per year and for the restricted period and other related matters. |
| Impact on Business Performance | No information is provided on the impact of this matter on the Company's performance |
Items this document does not state (10)
Estimated issuance expensesSpecific use of fundsExercise 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 the eligible directors with an incentive to achieve sustained growth in corporate value over the medium to long term and promote value sharing with shareholders. The amount of monetary compensation receivables was determined after comprehensively considering the Company's performance and the responsibilities of each eligible director.
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