Source disclosure: February 06, 2026
Kurimoto,Ltd. [5602.T]
TOKYO, Feb 06 (Pulse News Wire) – Kurimoto,ltd. (5602.T) announced today that its board of directors resolved to distribute shares through a third-party allocation to executives.
The distribution will take place on February 24, 2026, involving 344,000 ordinary shares at ¥1,749 per share, totaling ¥601.7 million. This allocation is part of the company's stock compensation program, known as the Board Benefit Trust-Restricted Stock (BBT-RS) trust agreement with Mizuho Trust Bank Co., Ltd. The shares will be transferred to Mitsubishi UFJ Trust and Banking Corporation (Trust E Account) and subsequently distributed to six internal directors and 13 executive officers and fellows. The total number of shares represents approximately 0.54% percent of the outstanding shares as of September 30, 2025.
The decision was made to ensure sufficient shares for future payouts under the BBT-RS program. The price per share was determined based on the closing price of Kurimoto’s ordinary shares on the Tokyo Stock Exchange on the day preceding the board resolution, which was deemed reasonable after considering recent average prices over various time frames. Additionally, Kurimoto will make an additional contribution of ¥601.7 million to the trust on February 24, 2026, to acquire 344,000 ordinary shares. This move aligns with the company’s commitment to maintaining the integrity and effectiveness of its stock-based compensation system.
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