TOKYO, May 19 (Pulse News Wire) – Hakuto CO.,LTD. (7433.T) announced today that its board of directors has approved the sale of treasury shares through a private placement to implement the Trust-Type Employee Shareholding Incentive Plan (E-Ship®).
The transaction is scheduled for August 19, 2026, involving the issuance of ordinary shares totaling 165,900 at a price of ¥4,520 per share, resulting in a total amount of ¥749.9 million. The shares will be transferred to Nomura Trust Bank's dedicated trust account for Hakuto Employee Shareholding Association. The purpose of this plan is to enhance long-term corporate value by incentivizing employees. The number of shares to be sold is based on the annualized buyback performance of the Hakuto Employee Shareholding Association, which includes recent monthly purchases, bonus-related buys, and dividend reinvestments. Despite potential dilution, the gradual monthly transfers from the trust account to the association are expected to minimize the impact. As of March 31, 2026, the company had a total of 21,137,213 0.78% outstanding shares and 187,184 voting rights.
The trust agreement, effective since May 19, 2026, runs until March 28, 2029, aimed at providing stable and continuous stock supply to the employee association and delivering trust assets to eligible beneficiaries. The trustee will exercise voting rights according to instructions from the management committee within the company. Regarding the pricing of the share sale, the company set the price based on the closing price of its ordinary shares on the Tokyo Stock Exchange Prime Market on May 18, 2026, which was ¥4,520. The Audit Committee reviewed the price and confirmed it did not favor the intended recipients unfairly. The deviation rate from the average closing prices over various time frames ranged from 5.76% for one month to 9.55% for six months. Given that the dilution ratio remains below 25%, the company does not need to seek independent third-party opinions or shareholder approval as per Tokyo Stock Exchange regulations.
🟡 Confidence: Standard AI-translated content.