Worth reading
57In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
22500
sharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much22,500Shares
22,500 common shares (new shares)
3 of the Company's directors, excluding outside directors22,500 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥368 per share
Total issue value
¥8,280,000
Amount of funds to be raised
Total payment amount: ¥8,280,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥8,280,000. The annual cap on monetary compensation receivables under the plan is ¥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 20 November 2026 until the holder ceases to hold any position as a director, audit & supervisory board member, executive officer or employee of the company
Conditions for lifting transfer restrictions
The holder must continuously hold one of the positions of director, audit & supervisory board member, executive officer or employee of the company from 20 November 2026 through 19 November 2027. In the event of departure due to death, the restrictions will be lifted immediately after the departure.
Reason for acquisition without consideration
If, during the service period, the holder ceases to hold any position as a director, audit & supervisory board member, executive officer or employee of the company, excluding certain appointments, reappointments and departures due to death, the company will acquire all of the shares without consideration. The company will acquire without consideration all shares whose transfer restrictions have not been lifted as of the business day preceding the effective date of a reorganisation or similar transaction.
Categories and Number of Persons Covered
3 directors of the company, excluding outside directors; 22,500 shares
Intended allottee's holding policy
From 20 November 2026 until the holder ceases to hold any position as a director, audit & supervisory board member, executive officer or employee of the company, the shares may not be transferred, pledged or otherwise disposed of. The transfer restrictions will be lifted upon expiry of the restriction period, provided that the holder continuously held one of these positions from 20 November 2026 through 19 November 2027.
Payment date
20 November 2026
Basis for determining the amount to be paid
The closing price of the company’s common shares on the Tokyo Stock Exchange on 26 October 2026, the business day preceding the date of the board resolution, was ¥368. No discount or premium rate was disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 22,500 common shares (new shares) |
| Issue price and disposal price | ¥368 per share |
| Total issue value | ¥8,280,000 |
| Amount of funds to be raised | Total payment amount: ¥8,280,000; estimated net proceeds: Not disclosed |
| Payment date | 20 November 2026 |
| Intended allottee | Name 3 of the Company's directors, excluding outside directors / Number of Shares 22,500 shares |
| Intended allottee's holding policy | From 20 November 2026 until the holder ceases to hold any position as a director, audit & supervisory board member, executive officer or employee of the company, the shares may not be transferred, pledged or otherwise disposed of. The transfer restrictions will be lifted upon expiry of the restriction period, provided that the holder continuously held one of these positions from 20 November 2026 through 19 November 2027. |
| Basis for determining the amount to be paid | The closing price of the company’s common shares on the Tokyo Stock Exchange on 26 October 2026, the business day preceding the date of the board resolution, was ¥368. No discount or premium rate was disclosed. |
| Transfer restriction period | From 20 November 2026 until the holder ceases to hold any position as a director, audit & supervisory board member, executive officer or employee of the company |
| Conditions for lifting transfer restrictions | The holder must continuously hold one of the positions of director, audit & supervisory board member, executive officer or employee of the company from 20 November 2026 through 19 November 2027. In the event of departure due to death, the restrictions will be lifted immediately after the departure. |
| Reason for acquisition without consideration | If, during the service period, the holder ceases to hold any position as a director, audit & supervisory board member, executive officer or employee of the company, excluding certain appointments, reappointments and departures due to death, the company will acquire all of the shares without consideration. The company will acquire without consideration all shares whose transfer restrictions have not been lifted as of the business day preceding the effective date of a reorganisation or similar transaction. |
| Categories and Number of Persons Covered | 3 directors of the company, excluding outside directors; 22,500 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥8,280,000. The annual cap on monetary compensation receivables under the plan is ¥40 million. |
Items this document does not state (14)
Estimated 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 increase the eligible directors’ motivation to contribute to sustained growth in corporate value and promote the sharing of value with shareholders. The company stated that this grant was determined after considering the purpose of the plan, the company’s operating performance, the scope of responsibilities of each eligible director and other relevant circumstances.
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.