Worth reading
44Recurring
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
5935800
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much3,044Shares
3,044 shares of the Company's common stock (treasury shares)
The Company's directors (excluding outside directors)3 / 3,044 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,950 per share
Total issue value
¥5,935,800
Amount of funds to be raised
Total payment amount: ¥5,935,800; approximate net proceeds: not applicable (contribution in kind)
Total Stock-Based Compensation
Total monetary remuneration claims: ¥5,935,800
発行済株式総数
Will not increase because the transaction 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
From 22 July 2026 until the date on which the recipient retires or leaves the position of director of the Company or any other position designated by the Company's Board of Directors
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as a director, audit & supervisory board member, executive officer or employee of the Company or one of its subsidiaries from the payment date until the conclusion of the first annual general meeting of shareholders of the Company thereafter, all of the allocated shares will be released from the transfer restrictions when the restricted period expires. In the event of retirement or departure for a valid reason or due to death, the restrictions will be lifted on a number of shares corresponding to the number of months in office.
Reason for acquisition without consideration
If the recipient retires or leaves the Company during the restricted period without a valid reason, or if any shares remain subject to transfer restrictions when the restrictions are scheduled to be lifted.
Stock Split Ratio2 shares for each 1 share of common stock; effective date: 1 October 2024
Categories and Number of Persons Covered
3 directors of the Company (excluding outside directors), 3,044 shares
Intended allottee's holding policy
During the restricted period, the shares may not be transferred, pledged or otherwise disposed of, and will be held and maintained in a designated account until the transfer restrictions are lifted.
Payment date
22 July 2026
Basis for determining the amount to be paid
As no trading took place on the business day immediately preceding the date of the Board of Directors' resolution, the basis is the closing price of ¥1,950 on the Tokyo Stock Exchange on 19 June 2026, the most recent trading date. No discount or premium applies.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 3,044 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,950 per share |
| Total issue value | ¥5,935,800 |
| Amount of funds to be raised | Total payment amount: ¥5,935,800; approximate net proceeds: not applicable (contribution in kind) |
| Payment date | 22 July 2026 |
| Intended allottee | Name The Company's directors (excluding outside directors) / Number of Employees 3 / Number of Shares 3,044 shares |
| Intended allottee's holding policy | During the restricted period, the shares may not be transferred, pledged or otherwise disposed of, and will be held and maintained in a designated account until the transfer restrictions are lifted. |
| Total number of issued shares | Will not increase because the transaction is a disposal of treasury shares |
| Basis for determining the amount to be paid | As no trading took place on the business day immediately preceding the date of the Board of Directors' resolution, the basis is the closing price of ¥1,950 on the Tokyo Stock Exchange on 19 June 2026, the most recent trading date. No discount or premium applies. |
| Transfer restriction period | From 22 July 2026 until the date on which the recipient retires or leaves the position of director of the Company or any other position designated by the Company's Board of Directors |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as a director, audit & supervisory board member, executive officer or employee of the Company or one of its subsidiaries from the payment date until the conclusion of the first annual general meeting of shareholders of the Company thereafter, all of the allocated shares will be released from the transfer restrictions when the restricted period expires. In the event of retirement or departure for a valid reason or due to death, the restrictions will be lifted on a number of shares corresponding to the number of months in office. |
| Reason for acquisition without consideration | If the recipient retires or leaves the Company during the restricted period without a valid reason, or if any shares remain subject to transfer restrictions when the restrictions are scheduled to be lifted. |
| Categories and Number of Persons Covered | 3 directors of the Company (excluding outside directors), 3,044 shares |
| Total Stock-Based Compensation | Total monetary remuneration claims: ¥5,935,800 |
| Stock Split Ratio | 2 shares for each 1 share of common stock; effective date: 1 October 2024 |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentProcedures 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 eligible directors to participate more fully in management by owning the Company's shares, provide them with an incentive to achieve sustained increases in corporate value, and promote the sharing of value between the eligible directors and shareholders.
How to read this page
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