TOKYO, May 15 (Pulse News Wire) – DMW Corporation (6365.T) announced today that its board of directors held on May 15, 2025 approved the issuance of restricted shares as part of an incentive program for employees of the company and its subsidiaries. The shares will be transferred to the DMW Employees' Holding Association (DMW ) based on contributions made by eligible employees through the association.
The transaction will take place on October 2, 2026, with the price per share set at ¥5,480. The total amount of shares to be issued could reach up to 6,053, though the final number will depend on the number of participating employees. The dilution impact is expected to be minor, representing approximately 0.13% of the outstanding shares as of March 31, 2026, and 0.14% of the total voting rights. Under the agreement, the restricted shares will be subject to holding restrictions until October 2, 2026, or until the employee leaves their position within the company or subsidiary.
After this period, the company reserves the right to reclaim any untransferred shares without compensation. Additionally, employees who remain members of the holding association until March 31, 2027, will have their restrictions lifted, allowing them to withdraw their shares freely. The company's audit committee reviewed the pricing mechanism and confirmed that the issue price was reasonable, aligning with the market value on the day prior to the board resolution. The price deviates minimally from recent average closing prices observed over various time frames leading up to the decision date.
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