Worth reading
47Recurring
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
12249146
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
6,734 common shares (5,942 shares for 4 directors and 792 shares for 1 delegated executive officer)
4 Directors of the Company, excluding Directors who are Audit & Supervisory Committee Members and Outside Directors5,942 shares
1 delegated executive officer of the Company792 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.
¥1,819 per share
Total issue value
¥12,249,146
Amount of funds to be raised
As the entire amount of the monetary compensation receivables will be contributed in kind, the total amount paid in will be ¥12,249,146. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥12,249,146. The annual compensation limit for eligible directors is ¥25 million or less
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
Not applicable (disposal of treasury shares only)
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.
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 eligible directors cease to hold their positions as directors of the Company, and until immediately after the eligible executive officer ceases to hold the position of delegated executive officer
Conditions for lifting transfer restrictions
The eligible directors must continuously hold their positions as directors from the date they commence performing their duties until immediately before the conclusion of the first annual general meeting of shareholders to be held thereafter. The eligible executive officer must continuously hold the position of delegated executive officer from 1 May 2026 through 30 April 2027. If a recipient leaves office upon the expiration of their term or for another legitimate reason, the number of shares subject to release from the transfer restrictions will be determined according to the number of months in office
Reason for acquisition without consideration
If the recipient commits a violation of laws or regulations during the transfer restriction period or otherwise falls under any of the specified circumstances set forth in the allocation agreement. This also applies if any shares remain subject to transfer restrictions when the transfer restriction period expires or at the time the restrictions are lifted
Categories and Number of Persons Covered
4 directors of the Company (excluding directors who are Audit & Supervisory Committee members and outside directors): 5,942 shares; 1 delegated executive officer of the Company: 792 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to any third party, pledged as collateral, or otherwise disposed of. During this period, they will be managed in a dedicated account at Nomura Securities Co., Ltd.
Payment date
23 July 2026
Basis for determining the amount to be paid
The closing price of ¥1,819 for the Company's common shares on the Tokyo Stock Exchange Standard Market on 24 June 2026, the business day preceding the date of the Board of Directors' resolution. Discount rate/premium rate: Not disclosed
Procedures under the Corporate Code of Conduct
Resolved by the Board of Directors following deliberation by the Compensation Committee. Whether an independent third-party opinion was obtained or shareholder approval was sought: Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 6,734 common shares (5,942 shares for 4 directors and 792 shares for 1 delegated executive officer) |
| Issue price and disposal price | ¥1,819 per share |
| Total issue value | ¥12,249,146 |
| Amount of funds to be raised | As the entire amount of the monetary compensation receivables will be contributed in kind, the total amount paid in will be ¥12,249,146. Estimated net proceeds: Not disclosed |
| Payment date | 23 July 2026 |
| Intended allottee | Name 4 Directors of the Company, excluding Directors who are Audit & Supervisory Committee Members and Outside Directors / Number of Shares 5,942 shares, Name 1 delegated executive officer of the Company / Number of Shares 792 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to any third party, pledged as collateral, or otherwise disposed of. During this period, they will be managed in a dedicated account at Nomura Securities Co., Ltd. |
| Dilution Rate | Not applicable (disposal of treasury shares only) |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of ¥1,819 for the Company's common shares on the Tokyo Stock Exchange Standard Market on 24 June 2026, the business day preceding the date of the Board of Directors' resolution. Discount rate/premium rate: Not disclosed |
| Transfer restriction period | From 23 July 2026 until immediately after the eligible directors cease to hold their positions as directors of the Company, and until immediately after the eligible executive officer ceases to hold the position of delegated executive officer |
| Conditions for lifting transfer restrictions | The eligible directors must continuously hold their positions as directors from the date they commence performing their duties until immediately before the conclusion of the first annual general meeting of shareholders to be held thereafter. The eligible executive officer must continuously hold the position of delegated executive officer from 1 May 2026 through 30 April 2027. If a recipient leaves office upon the expiration of their term or for another legitimate reason, the number of shares subject to release from the transfer restrictions will be determined according to the number of months in office |
| Reason for acquisition without consideration | If the recipient commits a violation of laws or regulations during the transfer restriction period or otherwise falls under any of the specified circumstances set forth in the allocation agreement. This also applies if any shares remain subject to transfer restrictions when the transfer restriction period expires or at the time the restrictions are lifted |
| Categories and Number of Persons Covered | 4 directors of the Company (excluding directors who are Audit & Supervisory Committee members and outside directors): 5,942 shares; 1 delegated executive officer of the Company: 792 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥12,249,146. The annual compensation limit for eligible directors is ¥25 million or less |
| Procedures under the Corporate Code of Conduct | Resolved by the Board of Directors following deliberation by the Compensation Committee. Whether an independent third-party opinion was obtained or shareholder approval was sought: Not disclosed |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise 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 incentives for the sustained enhancement of corporate value and promote value sharing with shareholders, as well as to further motivate the eligible directors and other recipients.
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.