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
14673
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much14,673Shares
14,673 common shares (treasury shares)
7 directors of the Company, excluding outside directors: 14,673 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,911 per share
Total issue value
¥28,040,103
Total Stock-Based Compensation
Total monetary claims of ¥28,040,103 (the annual limit for restricted stock compensation is no more than ¥40 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 23 July 2026 until immediately after the holder ceases to be a director, audit & supervisory board member, adviser, counselor, employee or otherwise hold an equivalent position at the Company or one of its subsidiaries
Conditions for lifting transfer restrictions
Provided that the holder continuously holds the specified position from the date on which the holder begins performing duties until immediately before the conclusion of the first annual general meeting to be held thereafter, all transfer restrictions will be lifted upon expiration of the restriction period. If the holder ceases to hold office or leaves employment due to expiration of the term of office or another legitimate reason, the restrictions will be lifted immediately after that event for the number of shares corresponding to the period of service.
Reason for acquisition without consideration
If, during the restriction period, any event specified by the Board of Directors occurs, such as a violation of laws or internal regulations, all shares held will be acquired without consideration. Shares whose restrictions have not been lifted when the restrictions are otherwise lifted will also be acquired without consideration.
Stock Split Ratio2-for-1 split of common shares, effective 1 October 2025
Categories and Number of Persons Covered
7 directors of the Company, excluding outside directors: 14,673 shares
Intended allottee's holding policy
During the restriction period, the shares may not be transferred to any third party, pledged as collateral, or otherwise disposed of. The restriction period will run from 23 July 2026 until immediately after the holder ceases to hold a specified position at the Company or one of its subsidiaries.
Payment date
23 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 23 June 2026, ¥1,911. The Company states that the price is based on the market price immediately preceding the date of the Board of Directors' resolution and is not particularly favorable.
Procedures under the Corporate Code of Conduct
The matter was referred to the Nomination and Compensation Committee for consultation.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 14,673 common shares (treasury shares) |
| Issue price and disposal price | ¥1,911 per share |
| Total issue value | ¥28,040,103 |
| Payment date | 23 July 2026 |
| Intended allottee | 7 directors of the Company, excluding outside directors: 14,673 shares |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred to any third party, pledged as collateral, or otherwise disposed of. The restriction period will run from 23 July 2026 until immediately after the holder ceases to hold a specified position at the Company or one of its subsidiaries. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 23 June 2026, ¥1,911. The Company states that the price is based on the market price immediately preceding the date of the Board of Directors' resolution and is not particularly favorable. |
| Transfer restriction period | From 23 July 2026 until immediately after the holder ceases to be a director, audit & supervisory board member, adviser, counselor, employee or otherwise hold an equivalent position at the Company or one of its subsidiaries |
| Conditions for lifting transfer restrictions | Provided that the holder continuously holds the specified position from the date on which the holder begins performing duties until immediately before the conclusion of the first annual general meeting to be held thereafter, all transfer restrictions will be lifted upon expiration of the restriction period. If the holder ceases to hold office or leaves employment due to expiration of the term of office or another legitimate reason, the restrictions will be lifted immediately after that event for the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | If, during the restriction period, any event specified by the Board of Directors occurs, such as a violation of laws or internal regulations, all shares held will be acquired without consideration. Shares whose restrictions have not been lifted when the restrictions are otherwise lifted will also be acquired without consideration. |
| Categories and Number of Persons Covered | 7 directors of the Company, excluding outside directors: 14,673 shares |
| Total Stock-Based Compensation | Total monetary claims of ¥28,040,103 (the annual limit for restricted stock compensation is no more than ¥40 million) |
| Stock Split Ratio | 2-for-1 split of common shares, effective 1 October 2025 |
| Procedures under the Corporate Code of Conduct | The matter was referred to the Nomination and Compensation Committee for consultation. |
Items this document does not state (13)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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 provide the eligible directors with an incentive to sustainably enhance corporate value and promote value sharing with shareholders. The purpose is also to further increase the motivation of each eligible director.
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.