Worth reading
44Recurring
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
44500
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much44,500Shares
44,500 treasury shares
Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors)9 / 19,300 shares
The Company's executive officers who do not concurrently serve as directors4 / 2,960 shares
Directors of the Company’s subsidiaries, limited to executive directors21 / 22,240 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.
¥2,926.5 per share
Total issue value
¥130,229,250
Amount of funds to be raised
Total payment amount: ¥130,229,250; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥130,229,250. The total annual amount of compensation receivables for eligible directors is capped at ¥200 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 17 July 2026 until the date on which the relevant recipient retires from all positions as a director or executive officer of the Company or its group companies
Conditions for lifting transfer restrictions
The recipient must remain continuously in a position as a director or executive officer of the Company or one of its subsidiaries for the prescribed period. If the recipient retires for a valid reason, part of the restrictions will be lifted in proportion to the period of service.
Reason for acquisition without consideration
If the recipient retires during the prescribed period without a valid reason, or if the restrictions have not been lifted when the restriction period expires. In the event of a corporate reorganization or similar event, the Company will acquire without consideration any shares whose restrictions have not been lifted.
Stock Split RatioEffective 1 April 2024, 2 common shares for every 1 common share.
Categories and Number of Persons Covered
Category Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 9 / Number of allocated shares 19,300 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 4 / Number of allocated shares 2,960 shares, Category Directors of the Company’s subsidiaries, limited to executive directors / Number of Employees 21 / Number of allocated shares 22,240 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to a third party, pledged, subjected to a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of. The shares will be held and maintained in a designated account at SMBC Nikko Securities Inc. until the transfer restrictions are lifted.
Payment date
17 July 2026
Basis for determining the amount to be paid
The closing price of the Company’s common shares on the Tokyo Stock Exchange on 24 June 2026, ¥2,926.5. There is no discount or premium.
Procedures under the Corporate Code of Conduct
Approval of the restricted stock compensation plan and the compensation limits and other matters was obtained at the 43rd Annual General Meeting of Shareholders held on 28 June 2022.
Impact on Business Performance
The impact of this disposal of treasury shares on financial results is 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 | 44,500 treasury shares |
| Issue price and disposal price | ¥2,926.5 per share |
| Total issue value | ¥130,229,250 |
| Amount of funds to be raised | Total payment amount: ¥130,229,250; estimated net proceeds: Not disclosed |
| Payment date | 17 July 2026 |
| Intended allottee | Name Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 9 / Number of Shares 19,300 shares, Name The Company's executive officers who do not concurrently serve as directors / Number of Employees 4 / Number of Shares 2,960 shares, Name Directors of the Company’s subsidiaries, limited to executive directors / Number of Employees 21 / Number of Shares 22,240 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to a third party, pledged, subjected to a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of. The shares will be held and maintained in a designated account at SMBC Nikko Securities Inc. 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 24 June 2026, ¥2,926.5. There is no discount or premium. |
| Transfer restriction period | From 17 July 2026 until the date on which the relevant recipient retires from all positions as a director or executive officer of the Company or its group companies |
| Conditions for lifting transfer restrictions | The recipient must remain continuously in a position as a director or executive officer of the Company or one of its subsidiaries for the prescribed period. If the recipient retires for a valid reason, part of the restrictions will be lifted in proportion to the period of service. |
| Reason for acquisition without consideration | If the recipient retires during the prescribed period without a valid reason, or if the restrictions have not been lifted when the restriction period expires. In the event of a corporate reorganization or similar event, the Company will acquire without consideration any shares whose restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 9 / Number of allocated shares 19,300 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 4 / Number of allocated shares 2,960 shares, Category Directors of the Company’s subsidiaries, limited to executive directors / Number of Employees 21 / Number of allocated shares 22,240 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥130,229,250. The total annual amount of compensation receivables for eligible directors is capped at ¥200 million. |
| Stock Split Ratio | Effective 1 April 2024, 2 common shares for every 1 common share. |
| Procedures under the Corporate Code of Conduct | Approval of the restricted stock compensation plan and the compensation limits and other matters was obtained at the 43rd Annual General Meeting of Shareholders held on 28 June 2022. |
| Impact on Business Performance | The impact of this disposal of treasury shares on financial results is Not disclosed |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost recent equity financingMajor shareholders after the offering
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 share the benefits and risks of share price fluctuations with shareholders and increase recipients’ motivation to contribute to higher share prices and enhanced corporate value.
How to read this page
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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.