Nichias Completes Restricted Share Issuance to Directors and Officers

TOKYO, Aug 07 (Pulse News Wire) – NichiAs Corporation (5393.T) completed the issuance of restricted shares to its directors and officers on August 07, 2026. The company had resolved to issue these shares during a board meeting held on July 13, 2026.

Details of the share issuance include: - Number of ordinary shares issued: 25,099 - Issue price per share: ¥3,709 - Total issue value: ¥93.1 million - Recipients: Four directors and twelve executive officers The shares come with restrictions prohibiting their transfer until the semi-annual report for the fiscal year containing the delivery date is filed. Additionally, since the total issue amount is less than ¥100 million, NichiAs did not file securities notification documents or interim reports as required by the Financial Instruments and Exchange Act.

This issuance aligns with the company's governance policies aimed at incentivizing long-term performance among key executives.