DAITO TRUST CONSTRUCTION CO.,LTD. [1878.T]
TOKYO, Apr 30 (Pulse News Wire) – Daito Trust Construction CO.,LTD. (1878.T) resolved at its April 30 board meeting to dispose of own shares through third-party allocation.
Key details: On May 22, 2026, the company will allocate ordinary shares totaling 3,819,800 at a price of ¥3,508 per share, resulting in a total disposal amount of ¥13.40 billion. The shares will be transferred to Nippon Mitsubishi UFJ Trust & Banking Corp. (Employee Share Ownership Plan trust account). This move aims to activate employee stock ownership plans to promote stable asset formation among employees and enhance engagement and performance incentives. The dilution ratio based on the number of outstanding shares as of March 31, 2026, is 1.11% (rounded to three decimal places), representing 1.17% of the total voting rights as of March 31, 2026.
The company believes the impact on the stock market will be minimal since the allocated shares will be transferred to the employee stock plan during the trust period, preventing immediate market outflow. Details of the Employee Share Ownership Plan are available in today's separate press release. The disposal price was determined based on the closing price of Daito Trust Construction shares on the Tokyo Stock Exchange on the day prior to the board resolution, which was set at ¥3,508. The audit committee confirmed the reasonableness and legality of the pricing method. Given the dilution rate of less than 25% and no changes in controlling shareholders, the company does not need to seek independent third-party opinions or shareholder approval according to Tokyo Stock Exchange regulations.
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