TOKYO, May 26 (Pulse News Wire) – Open Group,inc. (6572.T) announced today that its board of directors has approved the distribution of own shares as compensation to employees and business collaborators.
The share distribution, set to occur on June 25, 2026, involves distributing ordinary shares worth a total of ¥10.7 million among 20 employees and three business collaborators. Each share will be valued at ¥199 per share. The purpose of this distribution is to address additional burdens faced by employees due to changes in tax regulations related to trust-based stock options. To mitigate these burdens, the company decided to distribute shares as part of the compensation package.
The valuation of the shares was based on the closing price of OPEN Group's stock on the Tokyo Stock Exchange on May 25, 2026, which was ¥199. Selected business collaborators include individuals such as Yuukatsu Nakahara, Tetsuya Nakao, and Kazuhiko Abe, who are former business partners and hold positions as company executives. The company confirmed that these individuals have no ties to organized crime groups and agreed to maintain long-term holdings of the distributed shares. Any transfers within two years of issuance will require reporting to the company and subsequent public disclosure.
This decision does not necessitate special procedures according to the Tokyo Stock Exchange’s listing rules, as the dilution rate remains below 25% and there is no change in controlling shareholders.
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