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
33000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much33,000Shares
33,000 shares of the Company's common stock (treasury shares)
8 directors of the Company, excluding directors who are Audit and Supervisory Committee members; 33,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,490 per share
Total issue value
¥49,170,000
Amount of funds to be raised
Total payment amount: ¥49,170,000; estimated net proceeds: not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥49,170,000. The annual compensation limit is ¥100 million.
発行済株式総数
Not applicable (disposal of treasury shares)
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
20 years (11 May 2026 to 10 May 2046)
Conditions for lifting transfer restrictions
Provided that the recipient remains in any of the positions of director, executive officer or employee of the Company through the date of the first annual general meeting of shareholders held after 11 May 2026, all transfer restrictions on all of the allocated shares held at the end of the restriction period will be released. If the recipient leaves office or retires for a reason recognized as valid by the Board of Directors, the restrictions will be released immediately after the departure or retirement.
Reason for acquisition without consideration
If, without a reason recognized as valid, the recipient leaves office or retires from all positions as director, executive officer and employee of the Company before the day preceding the date of the first annual general meeting of shareholders held after the start date of the transfer restriction period. If any shares remain subject to transfer restrictions at the end of the restriction period. In the event of departure or retirement in connection with a corporate reorganization or similar event, all shares that remain subject to transfer restrictions will be acquired without consideration.
Categories and Number of Persons Covered
8 directors of the Company, excluding directors who are Audit and Supervisory Committee members; 33,000 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to a third party, pledged, subject to a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of. The transfer restriction period runs from 11 May 2026 to 10 May 2046.
Payment date
11 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 23 April 2026, ¥1,490. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
At the 48th Annual General Meeting of Shareholders held on 27 March 2020, approval was obtained for the introduction of the restricted stock compensation plan, total annual monetary compensation receivables of up to ¥100 million, an annual allocation limit of 127,800 shares, and a transfer restriction period of 20 to 30 years.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 33,000 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,490 per share |
| Total issue value | ¥49,170,000 |
| Amount of funds to be raised | Total payment amount: ¥49,170,000; estimated net proceeds: not disclosed |
| Payment date | 11 May 2026 |
| Intended allottee | 8 directors of the Company, excluding directors who are Audit and Supervisory Committee members; 33,000 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to a third party, pledged, subject to a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of. The transfer restriction period runs from 11 May 2026 to 10 May 2046. |
| Dilution Rate | Not applicable (disposal of treasury shares) |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 23 April 2026, ¥1,490. No discount or premium rate is stated. |
| Transfer restriction period | 20 years (11 May 2026 to 10 May 2046) |
| Conditions for lifting transfer restrictions | Provided that the recipient remains in any of the positions of director, executive officer or employee of the Company through the date of the first annual general meeting of shareholders held after 11 May 2026, all transfer restrictions on all of the allocated shares held at the end of the restriction period will be released. If the recipient leaves office or retires for a reason recognized as valid by the Board of Directors, the restrictions will be released immediately after the departure or retirement. |
| Reason for acquisition without consideration | If, without a reason recognized as valid, the recipient leaves office or retires from all positions as director, executive officer and employee of the Company before the day preceding the date of the first annual general meeting of shareholders held after the start date of the transfer restriction period. If any shares remain subject to transfer restrictions at the end of the restriction period. In the event of departure or retirement in connection with a corporate reorganization or similar event, all shares that remain subject to transfer restrictions will be acquired without consideration. |
| Categories and Number of Persons Covered | 8 directors of the Company, excluding directors who are Audit and Supervisory Committee members; 33,000 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥49,170,000. The annual compensation limit is ¥100 million. |
| Procedures under the Corporate Code of Conduct | At the 48th Annual General Meeting of Shareholders held on 27 March 2020, approval was obtained for the introduction of the restricted stock compensation plan, total annual monetary compensation receivables of up to ¥100 million, an annual allocation limit of 127,800 shares, and a transfer restriction period of 20 to 30 years. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsTotal number of issued sharesExercise 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 enable the directors to share with shareholders both the benefits and risks of share price fluctuations and to increase their motivation to contribute to higher share prices and enhanced corporate value. To achieve this objective over the long term, the transfer restriction period has been set at 20 years.
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