Details of issuance or disposal
Disposal of treasury shares in connection with the introduction of Stock Benefit Trust (J-ESOP)
53,860 common shares (treasury shares)
¥133,626,660
0.65% of total shares issued and 0.69% of total voting rights
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.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares in connection with the introduction of Stock Benefit Trust (J-ESOP) |
| Number of shares to be issued or disposed of | 53,860 common shares (treasury shares) |
| Issue price and disposal price | ¥2,481 per share |
| Total issue value | ¥133,626,660 |
| Intended allottee | Japan Custody Bank, Ltd. (Trust E Account) |
| Intended allottee's holding policy | To hold and dispose of the shares for the purpose of providing shares to employees under the scheme |
| Dilution Rate | 0.65% of total shares issued and 0.69% of total voting rights |
| Total number of issued shares | 8,258,322 shares → Not disclosed |
| Basis for determining the amount to be paid | The closing price of the Company’s common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors’ resolution, ¥2,481. No discount or premium. |
| Categories and Number of Persons Covered | Employees who meet the beneficiary requirements stipulated in the Employee Stock Benefit Rules (the breakdown of the number of employees and shares allocated is Not disclosed) |
Items this document does not state (18)
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 strengthen the linkage between the share price and business performance and employee compensation, thereby enhancing employees’ motivation and morale to improve the share price and business performance. The Company will also dispose of its shares to the trust account as required to operate the scheme.