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
15520
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much15,520Shares
15,520 treasury shares
10 directors of the Company13,322 shares
3 Audit & Supervisory Board members of the Company2,198 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.
¥1,725 per share
Total issue value
¥26,772,000
Total Stock-Based Compensation
Total monetary compensation claims of ¥26,772,000
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
The period from 21 August 2026 until the date on which the allottee ceases to hold the position held at the time of allotment
Conditions for lifting transfer restrictions
Provided that the allottee remains continuously in the position held at the time of allotment through the date of the first annual general meeting of shareholders held after 21 August 2026, all of the shares held will be released from the transfer restrictions upon expiration of the restriction period. If the allottee ceases to hold the position for a valid reason, the restrictions will be lifted in part according to the number of months in office.
Reason for acquisition without consideration
If the allottee ceases to hold the position held at the time of allotment before the day preceding the first annual general meeting of shareholders held after the allotment date, except where the Board of Directors recognizes a valid reason, or if the transfer restrictions have not been lifted at the end of the restriction period. In the event of a corporate reorganization or similar transaction, the Company will acquire without consideration any shares for which the restrictions have not been lifted as of the business day preceding the effective date.
Categories and Number of Persons Covered
Category The Company's directors / Number of Employees 10 / Number of allocated shares 13,322 shares, Category The Company's Audit & Supervisory Board members / Number of Employees 3 / Number of allocated shares 2,198 shares
Intended allottee's holding policy
During the restriction period, the shares may not be transferred, pledged, used to establish a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any manner. The shares will be held and maintained in an account designated by SMBC Nikko Securities until the transfer restrictions are lifted.
Payment date
21 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 21 July 2026, ¥1,725. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
At the annual general meeting of shareholders held on 27 June 2019, approval was obtained for the restricted stock compensation plan, the limits on total compensation and the number of shares, and the transfer restriction period, among other matters.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 15,520 treasury shares |
| Issue price and disposal price | ¥1,725 per share |
| Total issue value | ¥26,772,000 |
| Payment date | 21 August 2026 |
| Intended allottee | Name 10 directors of the Company / Number of Shares 13,322 shares, Name 3 Audit & Supervisory Board members of the Company / Number of Shares 2,198 shares |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred, pledged, used to establish a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any manner. The shares will be held and maintained in an account designated by SMBC Nikko Securities until the transfer restrictions are lifted. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 21 July 2026, ¥1,725. No discount or premium rate was stated. |
| Transfer restriction period | The period from 21 August 2026 until the date on which the allottee ceases to hold the position held at the time of allotment |
| Conditions for lifting transfer restrictions | Provided that the allottee remains continuously in the position held at the time of allotment through the date of the first annual general meeting of shareholders held after 21 August 2026, all of the shares held will be released from the transfer restrictions upon expiration of the restriction period. If the allottee ceases to hold the position for a valid reason, the restrictions will be lifted in part according to the number of months in office. |
| Reason for acquisition without consideration | If the allottee ceases to hold the position held at the time of allotment before the day preceding the first annual general meeting of shareholders held after the allotment date, except where the Board of Directors recognizes a valid reason, or if the transfer restrictions have not been lifted at the end of the restriction period. In the event of a corporate reorganization or similar transaction, the Company will acquire without consideration any shares for which the restrictions have not been lifted as of the business day preceding the effective date. |
| Categories and Number of Persons Covered | Category The Company's directors / Number of Employees 10 / Number of allocated shares 13,322 shares, Category The Company's Audit & Supervisory Board members / Number of Employees 3 / Number of allocated shares 2,198 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥26,772,000 |
| Procedures under the Corporate Code of Conduct | At the annual general meeting of shareholders held on 27 June 2019, approval was obtained for the restricted stock compensation plan, the limits on total compensation and the number of shares, and the transfer restriction period, among other matters. |
Items this document does not state (14)
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 RatioMost 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 officers with an incentive to achieve sustainable growth in corporate value and to further promote value sharing between the eligible officers and shareholders.
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.