TOKYO, Mar 26 (Pulse News Wire) – NOZAWA CORPORATION (5237.T) completed the payment procedures for its restricted share distribution plan to employees. The number of shares distributed was adjusted due to three employees failing to meet the allocation criteria post-decision.
Originally planned to distribute 176,800 ordinary shares, the company now distributes 176,500 shares at a price of ¥1,057 per share, totaling ¥186.6 million. The shares are allocated among 313 eligible employees instead of the initially intended 316.
The adjustment does not impact the company's fiscal year 2026 performance forecast.
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