Worth reading
39Recurring
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
4496
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much4,496Shares
4,496 shares of the Company's common stock (treasury shares)
3 directors (excluding outside directors)4,496 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥847 per share
Total issue value
¥3,808,112
Total Stock-Based Compensation
Monetary compensation claims totaling ¥3,808,112. The annual limit for monetary compensation claims under the plan is ¥50 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 15 July 2026 until the date of retirement from office
Conditions for lifting transfer restrictions
All restrictions will be lifted upon expiration of the restriction period, provided that the eligible director's retirement from office is for a reason deemed legitimate by the Company's Board of Directors. In the event of a reorganization or other similar event, 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
If the restrictions have not been lifted upon expiration of the restriction period, the Company will acquire without consideration the shares corresponding to the remaining period if the director retires during the service period, or all or part of the shares if the director becomes subject to any event specified in the allocation agreement, including misconduct.
Categories and Number of Persons Covered
3 directors (excluding outside directors), 4,496 shares
Intended allottee's holding policy
During the restriction period, the shares may not be transferred, pledged or otherwise disposed of. The restriction period runs from 15 July 2026 until the date of retirement from office.
Payment date
15 July 2026
Basis for determining the amount to be paid
The closing price of ¥847 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 63rd Annual General Meeting of Shareholders held on 24 June 2025, approval was obtained for the payment of monetary compensation claims and the delivery of restricted stock under this plan.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 4,496 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥847 per share |
| Total issue value | ¥3,808,112 |
| Payment date | 15 July 2026 |
| Intended allottee | Name 3 directors (excluding outside directors) / Number of Shares 4,496 shares |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred, pledged or otherwise disposed of. The restriction period runs from 15 July 2026 until the date of retirement from office. |
| Basis for determining the amount to be paid | The closing price of ¥847 on the business day immediately preceding the date of the Board of Directors' resolution. There is no discount or premium. |
| Transfer restriction period | From 15 July 2026 until the date of retirement from office |
| Conditions for lifting transfer restrictions | All restrictions will be lifted upon expiration of the restriction period, provided that the eligible director's retirement from office is for a reason deemed legitimate by the Company's Board of Directors. In the event of a reorganization or other similar event, 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 | If the restrictions have not been lifted upon expiration of the restriction period, the Company will acquire without consideration the shares corresponding to the remaining period if the director retires during the service period, or all or part of the shares if the director becomes subject to any event specified in the allocation agreement, including misconduct. |
| Categories and Number of Persons Covered | 3 directors (excluding outside directors), 4,496 shares |
| Total Stock-Based Compensation | Monetary compensation claims totaling ¥3,808,112. The annual limit for monetary compensation claims under the plan is ¥50 million. |
| Procedures under the Corporate Code of Conduct | At the 63rd Annual General Meeting of Shareholders held on 24 June 2025, approval was obtained for the payment of monetary compensation claims and the delivery of restricted stock under this plan. |
Items this document does not state (14)
Amount 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 Company also took into consideration the purpose of the plan, the Company's performance, the scope of responsibilities of each eligible director and other relevant factors.
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