Worth reading
38Recurring
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
3525
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much3,525Shares
3,525 common shares (treasury shares)
5 directors (excluding outside directors)3,525 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,631 per share
Total Stock-Based Compensation
Total monetary compensation claims of ¥5,749,275 (the compensation framework provides for an annual limit of ¥30 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 18 August 2026 until the date of retirement
Conditions for lifting transfer restrictions
Provided that the eligible director's retirement is for a reason deemed valid by the Company's Board of Directors, all transfer restrictions on the allocated shares will be lifted upon expiration of the transfer restriction period. In the event of a corporate reorganization or similar transaction, the number of shares to be released will be reasonably determined by resolution of the Board of Directors and the restrictions will be lifted before the effective date.
Reason for acquisition without consideration
Shares whose transfer restrictions have not been lifted upon expiration of the transfer restriction period; a number of shares corresponding to the remaining restriction period upon retirement during the service period; all or part of the shares if the holder becomes subject to any of the specified events set out in the restricted stock allocation agreement, including misconduct; and shares whose transfer restrictions remain in place after a corporate reorganization or similar transaction.
Categories and Number of Persons Covered
5 directors (excluding outside directors), 3,525 shares
Intended allottee's holding policy
The transfer restriction period will run from 18 August 2026 until the date of retirement. During this period, the shares may not be transferred, pledged as collateral or otherwise disposed of.
Payment date
18 August 2026
Basis for determining the amount to be paid
The closing price of ¥1,631 on the business day immediately preceding the date of the Board of Directors' resolution. There is no discount or premium.
Procedures under the Corporate Code of Conduct
At the 108th Annual General Meeting of Shareholders held on 27 June 2024, approval was obtained for the payment to eligible directors of monetary compensation claims of up to ¥30 million per year and the delivery of up to 30,000 restricted shares per year, among other matters.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 3,525 common shares (treasury shares) |
| Issue price and disposal price | ¥1,631 per share |
| Payment date | 18 August 2026 |
| Intended allottee | Category 5 directors (excluding outside directors) / Number of Shares 3,525 shares |
| Intended allottee's holding policy | The transfer restriction period will run from 18 August 2026 until the date of retirement. During this period, the shares may not be transferred, pledged as collateral or otherwise disposed of. |
| Basis for determining the amount to be paid | The closing price of ¥1,631 on the business day immediately preceding the date of the Board of Directors' resolution. There is no discount or premium. |
| Transfer restriction period | From 18 August 2026 until the date of retirement |
| Conditions for lifting transfer restrictions | Provided that the eligible director's retirement is for a reason deemed valid by the Company's Board of Directors, all transfer restrictions on the allocated shares will be lifted upon expiration of the transfer restriction period. In the event of a corporate reorganization or similar transaction, the number of shares to be released will be reasonably determined by resolution of the Board of Directors and the restrictions will be lifted before the effective date. |
| Reason for acquisition without consideration | Shares whose transfer restrictions have not been lifted upon expiration of the transfer restriction period; a number of shares corresponding to the remaining restriction period upon retirement during the service period; all or part of the shares if the holder becomes subject to any of the specified events set out in the restricted stock allocation agreement, including misconduct; and shares whose transfer restrictions remain in place after a corporate reorganization or similar transaction. |
| Categories and Number of Persons Covered | 5 directors (excluding outside directors), 3,525 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥5,749,275 (the compensation framework provides for an annual limit of ¥30 million) |
| Procedures under the Corporate Code of Conduct | At the 108th Annual General Meeting of Shareholders held on 27 June 2024, approval was obtained for the payment to eligible directors of monetary compensation claims of up to ¥30 million per year and the delivery of up to 30,000 restricted shares per year, among other matters. |
Items this document does not state (15)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal 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 provide incentives for the sustained enhancement of corporate value and promote value sharing between the directors and shareholders. The scope of responsibility of each eligible director was also taken into consideration.
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.