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
316800
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much316,800Shares
316,800 common shares (treasury shares)
4 directors (excluding directors who are Audit and Supervisory Committee members)213,000 shares
1 executive officer3,000 shares
12 subsidiary directors97,800 shares
2 subsidiary executive officers3,000 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.
¥1,179 per share
Total issue value
¥373,507,200
Amount of funds to be raised
Total payment amount: ¥373,507,200; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥373,507,200
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
21 August 2026 to 20 August 2056 (30 years)
Conditions for lifting transfer restrictions
The transfer restrictions will be lifted upon expiration of the transfer restriction period, subject to the eligible directors and others having continuously held one of the positions of director, executive officer, or employee of the Company or one of its subsidiaries throughout the transfer restriction period. In the event of retirement or resignation due to expiration of the term of office, mandatory retirement, or other legitimate reasons, a certain percentage of the restrictions will be lifted immediately thereafter. In the event of death, the transfer restrictions on all shares held by the heirs will be lifted.
Reason for acquisition without consideration
For any allocated shares whose transfer restrictions are not lifted, the Company will automatically acquire the shares without consideration immediately after it is determined that the transfer restrictions will not be lifted.
Categories and Number of Persons Covered
4 directors (excluding directors who are Audit and Supervisory Committee members): 213,000 shares; 1 executive officer: 3,000 shares; 12 subsidiary directors: 97,800 shares; 2 subsidiary executive officers: 3,000 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of, and will be managed in a dedicated account.
Payment date
21 August 2026
Basis for determining the amount to be paid
The closing price of the Company’s common shares on the Standard Market of the Tokyo Stock Exchange on 21 July 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥1,179. No discount or premium rate 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 | 316,800 common shares (treasury shares) |
| Issue price and disposal price | ¥1,179 per share |
| Total issue value | ¥373,507,200 |
| Amount of funds to be raised | Total payment amount: ¥373,507,200; estimated net proceeds: Not disclosed |
| Payment date | 21 August 2026 |
| Intended allottee | Name 4 directors (excluding directors who are Audit and Supervisory Committee members) / Number of Shares 213,000 shares, Name 1 executive officer / Number of Shares 3,000 shares, Name 12 subsidiary directors / Number of Shares 97,800 shares, Name 2 subsidiary executive officers / Number of Shares 3,000 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of, and will be managed in a dedicated account. |
| Basis for determining the amount to be paid | The closing price of the Company’s common shares on the Standard Market of the Tokyo Stock Exchange on 21 July 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥1,179. No discount or premium rate was stated. |
| Transfer restriction period | 21 August 2026 to 20 August 2056 (30 years) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be lifted upon expiration of the transfer restriction period, subject to the eligible directors and others having continuously held one of the positions of director, executive officer, or employee of the Company or one of its subsidiaries throughout the transfer restriction period. In the event of retirement or resignation due to expiration of the term of office, mandatory retirement, or other legitimate reasons, a certain percentage of the restrictions will be lifted immediately thereafter. In the event of death, the transfer restrictions on all shares held by the heirs will be lifted. |
| Reason for acquisition without consideration | For any allocated shares whose transfer restrictions are not lifted, the Company will automatically acquire the shares without consideration immediately after it is determined that the transfer restrictions will not be lifted. |
| Categories and Number of Persons Covered | 4 directors (excluding directors who are Audit and Supervisory Committee members): 213,000 shares; 1 executive officer: 3,000 shares; 12 subsidiary directors: 97,800 shares; 2 subsidiary executive officers: 3,000 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥373,507,200 |
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 further enhance the motivation of the eligible directors and others, taking into consideration the purpose of the plan, the Company’s performance, the scope of the responsibilities of the eligible directors and others, and other relevant circumstances.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.