Worth reading
49Recurring
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
58392180
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much16,852Shares
16,852 common shares of the Company (treasury shares)
5 directors of the Company (excluding directors who are Audit & Supervisory Committee members and outside directors)13,851 shares
1 executive officer of the Company57 shares
74 employees of the Company2,944 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.
¥3,465 per share
Total issue value
¥58,392,180
Amount of funds to be raised
Total payment amount: ¥58,392,180; estimated net proceeds: Not disclosed (as the transaction is effected through an in-kind contribution, there will be no substantive fund-raising by the Company)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥58,392,180. The total amount of monetary compensation receivables granted to directors is capped at ¥100 million per year.
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 the payment date until the later of the date on which the recipient retires or leaves any position as a director, executive officer or employee of the Company, or the date on which the Company's securities report or other applicable report for the fiscal year containing the payment date is filed
Conditions for lifting transfer restrictions
The recipient must continuously hold a position as a director, executive officer or employee of the Company from the payment date until the conclusion of the first ordinary general meeting of shareholders thereafter. In the event of retirement or departure for a valid reason, or death, the transfer restrictions will be lifted for the number of shares corresponding to the recipient's months of service or employment.
Reason for acquisition without consideration
The Company will acquire the shares without consideration if the recipient retires or leaves employment without a valid reason before the conclusion of the first ordinary general meeting of shareholders thereafter, or if any shares remain subject to transfer restrictions when the restrictions are scheduled to be lifted. The Company will also acquire without consideration any shares that remain subject to transfer restrictions after a corporate reorganization or similar transaction.
Offering structure
Underwriter / lead underwriter
Mizuho Securities Co., Ltd. (share administration)
Categories and Number of Persons Covered
5 directors of the Company (excluding directors who are Audit & Supervisory Committee members and outside directors): 13,851 shares; 1 executive officer of the Company: 57 shares; 74 employees of the Company: 2,944 shares
Intended allottee's holding policy
Until the transfer restrictions are lifted, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and will be held and maintained in a dedicated account at Mizuho Securities Co., Ltd.
Payment date
14 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 23 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,465. No discount or premium applies.
Most recent equity financing
Timing 22 May 2020 / Type Introduction of a Restricted Stock Compensation Plan / Amount Monetary compensation receivables for directors: up to ¥100 million per year; common shares: up to 28,000 shares per year
Impact on Business Performance
The impact of this transaction 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 | 16,852 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥3,465 per share |
| Total issue value | ¥58,392,180 |
| Amount of funds to be raised | Total payment amount: ¥58,392,180; estimated net proceeds: Not disclosed (as the transaction is effected through an in-kind contribution, there will be no substantive fund-raising by the Company) |
| Payment date | 14 August 2026 |
| Intended allottee | Category 5 directors of the Company (excluding directors who are Audit & Supervisory Committee members and outside directors) / Number of Shares 13,851 shares, Category 1 executive officer of the Company / Number of Shares 57 shares, Category 74 employees of the Company / Number of Shares 2,944 shares |
| Intended allottee's holding policy | Until the transfer restrictions are lifted, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and will be held and maintained in a dedicated account at Mizuho Securities Co., Ltd. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 23 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,465. No discount or premium applies. |
| Transfer restriction period | From the payment date until the later of the date on which the recipient retires or leaves any position as a director, executive officer or employee of the Company, or the date on which the Company's securities report or other applicable report for the fiscal year containing the payment date is filed |
| Conditions for lifting transfer restrictions | The recipient must continuously hold a position as a director, executive officer or employee of the Company from the payment date until the conclusion of the first ordinary general meeting of shareholders thereafter. In the event of retirement or departure for a valid reason, or death, the transfer restrictions will be lifted for the number of shares corresponding to the recipient's months of service or employment. |
| Reason for acquisition without consideration | The Company will acquire the shares without consideration if the recipient retires or leaves employment without a valid reason before the conclusion of the first ordinary general meeting of shareholders thereafter, or if any shares remain subject to transfer restrictions when the restrictions are scheduled to be lifted. The Company will also acquire without consideration any shares that remain subject to transfer restrictions after a corporate reorganization or similar transaction. |
| Categories and Number of Persons Covered | 5 directors of the Company (excluding directors who are Audit & Supervisory Committee members and outside directors): 13,851 shares; 1 executive officer of the Company: 57 shares; 74 employees of the Company: 2,944 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥58,392,180. The total amount of monetary compensation receivables granted to directors is capped at ¥100 million per year. |
| Underwriter / lead underwriter | Mizuho Securities Co., Ltd. (share administration) |
| Most recent equity financing | Timing 22 May 2020 / Type Introduction of a Restricted Stock Compensation Plan / Amount Monetary compensation receivables for directors: up to ¥100 million per year; common shares: up to 28,000 shares per year |
| Impact on Business Performance | The impact of this transaction on business performance 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 RightsOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor 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 to achieve sustained growth in corporate value and promote greater sharing of value between directors and shareholders. The Company also considered the purpose of the plan, business performance and other relevant circumstances.
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.
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