Daikoku Denki Completes Subscription for Restricted Share Awards

TOKYO, Jul 23 (Pulse News Wire) – Daikoku Denki CO.,LTD. (6430.NG) completed the subscription process for restricted share awards as part of its equity compensation plan.

The issuance was approved during the board meeting held on June 24, 2026. Under this program, the company issued ordinary shares totaling 20,609. Each share was subscribed at ¥2,111 per share, resulting in a total issue amount of ¥43.5 million.

The shares were allocated to four directors (excluding outside directors) and eight executive officers who do not concurrently serve as directors. The subscription payment was finalized. This move underscores Daikoku Denki's commitment to rewarding its key executives through equity-based incentives while adhering to regulatory requirements concerning share restrictions.