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
5829
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much5,829Shares
5,829 shares of the Company's common stock (treasury shares)
4 of the Company's directors, excluding outside directors5,829 shares
The lower thin line represents the existing number of shares to which these shares will be added.
No consideration
Total issue value
¥7,496,094 (fair value)
Amount of funds to be raised
Total amount payable: Not disclosed; estimated net proceeds: Not disclosed (no funds will be raised because the shares will be disposed of without consideration)
Total Stock-Based Compensation
¥7,496,094 (fair value; annual compensation 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
The period from the date of allotment until the director retires. The scheduled service period is from 1 July 2026 to 30 June 2027.
Conditions for lifting transfer restrictions
Continued-service type: The recipient must continuously remain a director of the Company throughout the scheduled service period. Medium-term performance-linked type: The recipient must continuously remain a director of the Company throughout the scheduled service period, and the increases in net sales and operating profit in the first year of the three-year medium-term management plan must exceed 30% of the increases in net sales and operating profit in the final year of the three-year plan.
Reason for acquisition without consideration
Continued-service type: If the recipient retires during the scheduled service period without legitimate grounds, or if the transfer restrictions are not lifted when the transfer restriction period expires or the restrictions are lifted. Medium-term performance-linked type: If the recipient retires during the scheduled service period, or if the transfer restrictions are not lifted because the performance targets are not achieved.
Categories and Number of Persons Covered
4 of the Company's directors (excluding outside directors), totaling 5,829 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of in any way. For the continued-service type, the transfer restrictions will be lifted subject to continued service as a director throughout the scheduled service period. For the medium-term performance-linked type, the transfer restrictions will be lifted subject to continued service as a director throughout the scheduled service period and the achievement of the performance targets.
Basis for determining the amount to be paid
Free-of-charge issuance method. The fair value was calculated based on the closing price of ¥1,286 per share on the Tokyo Stock Exchange on 17 July 2026, the business day preceding the date of the Board of Directors' resolution. Discount rate/premium rate: Not disclosed
Procedures under the Corporate Code of Conduct
At the 44th Annual General Meeting of Shareholders held on 23 June 2022, approval was obtained for the restricted stock compensation plan, the upper limit on the number of shares to be issued or disposed of, and the upper limit on the total amount of compensation.
Impact on Business Performance
The impact on business performance 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 | 5,829 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | No consideration |
| Total issue value | ¥7,496,094 (fair value) |
| Amount of funds to be raised | Total amount payable: Not disclosed; estimated net proceeds: Not disclosed (no funds will be raised because the shares will be disposed of without consideration) |
| Intended allottee | Name 4 of the Company's directors, excluding outside directors / Number of Shares 5,829 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of in any way. For the continued-service type, the transfer restrictions will be lifted subject to continued service as a director throughout the scheduled service period. For the medium-term performance-linked type, the transfer restrictions will be lifted subject to continued service as a director throughout the scheduled service period and the achievement of the performance targets. |
| Basis for determining the amount to be paid | Free-of-charge issuance method. The fair value was calculated based on the closing price of ¥1,286 per share on the Tokyo Stock Exchange on 17 July 2026, the business day preceding the date of the Board of Directors' resolution. Discount rate/premium rate: Not disclosed |
| Transfer restriction period | The period from the date of allotment until the director retires. The scheduled service period is from 1 July 2026 to 30 June 2027. |
| Conditions for lifting transfer restrictions | Continued-service type: The recipient must continuously remain a director of the Company throughout the scheduled service period. Medium-term performance-linked type: The recipient must continuously remain a director of the Company throughout the scheduled service period, and the increases in net sales and operating profit in the first year of the three-year medium-term management plan must exceed 30% of the increases in net sales and operating profit in the final year of the three-year plan. |
| Reason for acquisition without consideration | Continued-service type: If the recipient retires during the scheduled service period without legitimate grounds, or if the transfer restrictions are not lifted when the transfer restriction period expires or the restrictions are lifted. Medium-term performance-linked type: If the recipient retires during the scheduled service period, or if the transfer restrictions are not lifted because the performance targets are not achieved. |
| Categories and Number of Persons Covered | 4 of the Company's directors (excluding outside directors), totaling 5,829 shares |
| Total Stock-Based Compensation | ¥7,496,094 (fair value; annual compensation limit of ¥30 million) |
| Procedures under the Corporate Code of Conduct | At the 44th Annual General Meeting of Shareholders held on 23 June 2022, approval was obtained for the restricted stock compensation plan, the upper limit on the number of shares to be issued or disposed of, and the upper limit on the total amount of compensation. |
| Impact on Business Performance | The impact on business performance is Not disclosed |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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 corporate value and promote value sharing with shareholders. The Company also took into account its performance and the scope of the responsibilities of the eligible directors.
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.