TOKYO, Jun 18 (Pulse News Wire) – DENSO Corporation (6902.T) announced today that its 103rd Annual General Meeting of Shareholders approved the introduction of a performance-linked equity compensation trust system, known as Board Benefit Trust-Restricted Stock (BBT-RS). As a result, the company has decided to proceed with the disposal of own shares according to the plan outlined below: The disposal of own shares will take place on June 19, June 18, 2026.
DENSO plans to dispose of ordinary shares totaling 3,904,900. Each share will be sold at a price of ¥1,850 per share, resulting in a total disposal amount of ¥7.224 billion. The shares will be transferred to Nomura Trust Bank Co., Ltd.
(Trust E Account). In addition, DENSO stated that this disposal of own shares is intended to distribute shares to directors (excluding non-executive directors and outside directors), executive officers, and senior executives as part of their compensation package, which is essentially equivalent to allocating shares as remuneration for services rendered to the company. This action follows the resolution made during the board meeting held on May 22, May 22, 2026, and further details have been submitted through a temporary report pursuant to the Financial Instruments and Exchange Act.
🟡 Confidence: Standard AI-translated content.