TOKYO, May 14 (Pulse News Wire) – Nippon Soda CO.,LTD. (4041.T) resolved today to sell its own shares as part of an employee trust plan update.
The company will dispose of ordinary shares totaling 250,000 on May 29, 2026, at a price of ¥3,700 per share, resulting in a total disposal amount of ¥925 million. The shares will be transferred to Nomura Trust Bank Corporation (Trust E Account). This decision follows the resolution made during the February 9, 2024, and March 6, 2026, board meetings to introduce and amend the stock grant trust program (J-ESOP-RS).
The purpose of the sale is to secure additional shares needed for future employee grants through the trust fund. The number of shares to be disposed of corresponds to the anticipated distribution to employees over five fiscal years ending March 31, 2031, representing approximately 0.45% of the outstanding shares as of March 31, 2026. Additionally, Nippon Soda will make an additional cash contribution of ¥925 million to the trust on May 29, 2026, to acquire ordinary shares equivalent to 250,000.
The disposal price was determined based on the closing price of Nippon Soda's ordinary shares on the Tokyo Stock Exchange on the day prior to the board meeting’s resolution.
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