TOKYO, Apr 24 (Pulse News Wire) – JMC Corporation (5704.T) completed the payment procedures for restricted share awards. The company also announced changes due to partial delisting, affecting the initial plan.
In light of impairment losses of ¥1.319 billion reported in the fiscal year ending December 31, 2025, the board meeting held on March 27, 2026, decided to reduce the number of shares allocated to directors (excluding outside directors) by 20% to 40%. Details of the revised share distribution include: - Ordinary shares distributed: 10,900 instead of 13,780 shares. - Distribution price per share: ¥390 instead of ¥390.
- Total distribution amount: ¥4.3 million instead of ¥5.4 million. - Shares assigned to four internal directors instead of five. - Three employees received shares instead of four, with two employees declining their allocations leading to partial delisting.
The company stated there would be no impact on its performance forecast for the fiscal year ending December 31, 2026.
🟢 Confidence: High AI-translated content.