Hibiya Engineering to Distribute Own Shares as Part of Equity Compensation Plan

TOKYO, Aug 06 (Pulse News Wire) – Hibiya Engineering,ltd. (1982.T) resolved at its board meeting held on August 06, 2026, to distribute own shares as part of its equity compensation plan.

The distribution will take place on August 25, 2026, involving ordinary shares totaling 192,700 and priced at ¥2,905 per share, resulting in a total value of ¥559.8 million. The purpose of this distribution is to enhance alignment between executive remuneration and stock performance, encouraging contributions towards achieving medium-term business goals and long-term corporate value enhancement. This initiative was approved during the 61st regular shareholders' meeting held on June 25, 2026. The shares will be distributed to Mitsubishi UFJ Trust and Banking Corporation's joint trustee, Japan Master Trust Bank Co., Ltd., which manages the BIP trust account for director compensation.

The number of shares to be distributed is based on the expected delivery to directors and executives within the trust period according to the share issuance regulations. This distribution represents approximately 0.44% dilution of the outstanding shares as of March 31, 2026, or 0.45% of the total voting rights as of the same date. Post-distribution, the diluted share count stands at 44,000,000 out of 431,684 total voting rights post-share split on April 01, 2026. The share price for this distribution is determined based on the closing price of Hibiya Engineering’s shares on the Tokyo Stock Exchange on the day prior to the board resolution, specifically ¥2,905.

This approach ensures objectivity and, This distribution is anticipated to have a minor impact on the circulation market due to the gradual nature of the share allocation process.