TOKYO, Jun 26 (Pulse News Wire) – Kitagawa Corporation (6317.T) completed the issuance of restricted stock to its employee shareholding association through a private placement of treasury shares . The number of shares and total amount issued were adjusted due to changes in the number of participating employees.
Originally planned for 235,000 ordinary shares, the final issuance included fewer shares. The price per share was set at June 26, 2026 yen, resulting in a total issuance value of ¥348.5 million.
The allocation method remained unchanged, with the shares distributed to the Kitagawa Corporation Self-Holding Investment Association. The adjustments were made because the number of employees agreeing to participate in the restricted stock program was finalized, leading to a reduction in the initial plan parameters.
Further details can be found in the company's previous announcement dated February 20, 2026.
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