Worth reading
49Recurring
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
0.13
% (dilution rate relative to the total number of issued shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of Treasury Shares Through a Third-Party Allotment
発行・処分する株式数635,200Shares
635,200 common shares (treasury shares)
Intended allottee
The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account)
¥1,164 per share
Total issue value
¥739,372,800
発行済株式総数
0.13% (as a percentage of the total number of issued shares; also 0.13% of the total number of 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.
Categories and Number of Persons Covered
Directors other than outside directors and directors serving as Audit and Supervisory Committee members, and executive officers. The breakdown of the number of eligible persons and shares allocated is Not disclosed.
Intended allottee's holding policy
The shares will be delivered to directors and other eligible officers in accordance with the share delivery regulations. The shares are not expected to enter the stock market all at once.
Payment date
18 August 2026
Basis for determining the amount to be paid
The closing price of the Company's shares on the Tokyo Stock Exchange on 28 July 2026, ¥1,164 (fractions of a yen rounded up). No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
Because the dilution ratio is less than 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and confirming shareholders' intentions are not required. Regarding the disposal price, the Audit and Supervisory Committee has expressed the opinion that it is reasonable and is not a particularly favorable disposal price.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of Treasury Shares Through a Third-Party Allotment |
| Number of shares to be issued or disposed of | 635,200 common shares (treasury shares) |
| Issue price and disposal price | ¥1,164 per share |
| Total issue value | ¥739,372,800 |
| Payment date | 18 August 2026 |
| Intended allottee | The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account) |
| Intended allottee's holding policy | The shares will be delivered to directors and other eligible officers in accordance with the share delivery regulations. The shares are not expected to enter the stock market all at once. |
| Dilution Rate | 0.13% (as a percentage of the total number of issued shares; also 0.13% of the total number of voting rights) |
| Basis for determining the amount to be paid | The closing price of the Company's shares on the Tokyo Stock Exchange on 28 July 2026, ¥1,164 (fractions of a yen rounded up). No discount or premium rate is stated. |
| Categories and Number of Persons Covered | Directors other than outside directors and directors serving as Audit and Supervisory Committee members, and executive officers. The breakdown of the number of eligible persons and shares allocated is Not disclosed. |
| Procedures under the Corporate Code of Conduct | Because the dilution ratio is less than 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and confirming shareholders' intentions are not required. Regarding the disposal price, the Audit and Supervisory Committee has expressed the opinion that it is reasonable and is not a particularly favorable disposal price. |
Items this document does not state (17)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / 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 clarify the linkage between the compensation of directors and other officers and business performance and share value, promote the sharing of corporate value with shareholders, and increase their motivation to contribute to medium- and long-term improvements in business performance and growth in corporate value.
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.