TOKYO, May 20 (Pulse News Wire) – Fujikura Ltd. (5803.T) announced today that its board of directors has approved the disposal of shares as part of its ongoing share-based compensation program.
The company plans to dispose of approximately 385,900 ordinary shares on June 4, 2026, including 23,600 shares for directors and 362,300 shares for executive officers. Each share will be disposed of at a price of ¥4,695 per share, resulting in a total disposal amount of ¥1.812 billion. The shares will be transferred to Mitsubishi UFJ Trust and Banking Corporation (trust account), which will subsequently re-deposit them into Nomura Trust Bank (trust account). This transaction aligns with the company's established equity incentive programs designed to enhance long-term value creation and align executive remuneration with stock performance.
The dilution impact is estimated to be 0.02% based on the outstanding share count as of March 31, 2026, which was adjusted due to a recent share split. Fujikura believes the repurchase quantity and dilution effect are reasonable and will have a minor impact on the trading market. The company introduced these equity-based compensation schemes in 2017 and detailed their implementation during its 177th regular shareholders' meeting held in June 2025. The trust agreements for these programs were established on August 15, 2017, with a planned duration until August 2026.
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