Worth reading
42Recurring
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
33645
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much33,645Shares
33,645 common shares of the Company (treasury shares)
3 directors who are not Audit & Supervisory Committee Members (excluding outside directors)12,915 shares
12 executive officers20,730 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.
¥977 per share
Total issue value
¥32,871,165
Amount of funds to be raised
Total subscription payment: ¥32,871,165; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables for the eligible directors: ¥12,617,955; total monetary compensation receivables for all eligible recipients: ¥32,871,165
Specific use of funds
Not applicable (monetary compensation receivables will be contributed in kind as restricted stock compensation)
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 15 July 2026 to 15 July 2056 (30 years)
Conditions for lifting transfer restrictions
All of the shares allocated under this plan will be released from the transfer restrictions upon expiration of the restricted transfer period, provided that the recipient continuously holds the position of director of the Company or another position designated by the Company's Board of Directors during the restricted transfer period. If the recipient retires or leaves employment for a valid reason before the period expires, the number and timing of shares to be released will be reasonably adjusted.
Reason for acquisition without consideration
If any shares remain subject to transfer restrictions when the restrictions are released. Other grounds for the Company to acquire shares without consideration are as stipulated in the share allocation agreement.
Stock Split Ratio4 shares for each common share, effective 1 October 2025 (a historical share split unrelated to this disposal)
Categories and Number of Persons Covered
Category Directors who are not Audit & Supervisory Committee Members (excluding outside directors) / Number of Employees 3 / Number of allocated shares 12,915 shares, Category Executive officers / Number of Employees 12 / Number of allocated shares 20,730 shares
Intended allottee's holding policy
During the restricted transfer period, the shares may not be transferred, pledged, gifted during the holder's lifetime or otherwise disposed of, and are scheduled to be managed in dedicated accounts.
Payment date
15 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 22 June 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥977. No discount or premium was stated.
Impact on Business Performance
No impact on performance from this disposal of treasury shares was stated
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 33,645 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥977 per share |
| Total issue value | ¥32,871,165 |
| Amount of funds to be raised | Total subscription payment: ¥32,871,165; estimated net proceeds: Not disclosed |
| Specific use of funds | Not applicable (monetary compensation receivables will be contributed in kind as restricted stock compensation) |
| Payment date | 15 July 2026 |
| Intended allottee | Category 3 directors who are not Audit & Supervisory Committee Members (excluding outside directors) / Number of Shares 12,915 shares, Category 12 executive officers / Number of Shares 20,730 shares |
| Intended allottee's holding policy | During the restricted transfer period, the shares may not be transferred, pledged, gifted during the holder's lifetime or otherwise disposed of, and are scheduled to be managed in dedicated accounts. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 22 June 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥977. No discount or premium was stated. |
| Transfer restriction period | From 15 July 2026 to 15 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | All of the shares allocated under this plan will be released from the transfer restrictions upon expiration of the restricted transfer period, provided that the recipient continuously holds the position of director of the Company or another position designated by the Company's Board of Directors during the restricted transfer period. If the recipient retires or leaves employment for a valid reason before the period expires, the number and timing of shares to be released will be reasonably adjusted. |
| Reason for acquisition without consideration | If any shares remain subject to transfer restrictions when the restrictions are released. Other grounds for the Company to acquire shares without consideration are as stipulated in the share allocation agreement. |
| Categories and Number of Persons Covered | Category Directors who are not Audit & Supervisory Committee Members (excluding outside directors) / Number of Employees 3 / Number of allocated shares 12,915 shares, Category Executive officers / Number of Employees 12 / Number of allocated shares 20,730 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables for the eligible directors: ¥12,617,955; total monetary compensation receivables for all eligible recipients: ¥32,871,165 |
| Stock Split Ratio | 4 shares for each common share, effective 1 October 2025 (a historical share split unrelated to this disposal) |
| Impact on Business Performance | No impact on performance from this disposal of treasury shares was stated |
Items this document does not state (11)
Estimated issuance expensesDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentProcedures under the Corporate Code of ConductMost 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 provide an incentive for the sustained enhancement of the Company's corporate value and further promote value sharing with shareholders. The Company also took into account the purpose of the plan, its performance and other relevant circumstances.
How to read this page
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