RENT to Distribute Shares Through Employee Shareholding Association

TOKYO, Jul 15 (Pulse News Wire) – Rent Corporation (372A.T) announced that its board of directors resolved on July 15 to distribute shares through its employee shareholding association, known as the Rent Employee Shareholding Association. The distribution is set to occur on August 20, 2026, involving up to 17,040 ordinary shares at a price of ¥5,080 per share, totaling approximately ¥86.6 million.

This scheme aims to enhance welfare benefits for employees by providing opportunities to acquire company shares, thereby promoting asset formation and fostering greater value-sharing among shareholders. The distribution is contingent upon applications from eligible members of the shareholding association. Additionally, the company plans to grant each eligible member ¥60,960 as special incentives to facilitate their participation in the program.

The dilution impact of this share issuance is estimated to be 0.44% based on the total number of outstanding shares as of May 31, 2026, which stands at 3,886,000. The audit committee, comprising three external directors, confirmed that the distribution price aligns with the closing price on the Tokyo Stock Exchange's Standard Market on July 14, 2026, ensuring fairness and legality. The company’s independent auditor also verified that the distribution does not require additional procedures such as obtaining opinions from independent third parties or shareholder approval due to the low dilution rate of less than 25% and the absence of changes in controlling shareholders.