Sanden to Issue New Shares to Employees on Sept 29

TOKYO, Aug 07 (Pulse News Wire) – Sanden Corporation (6444.T) resolved to issue new shares through a private placement to employees on August 07, 2026. The issuance involves up to 510,000 ordinary shares, with the final price per share determined based on either the closing price on August 07, 2026 or September 29, 2026, whichever is higher.

The total amount raised is estimated at ¥84.2 million, excluding issuance costs of ¥5.9 million. The funds will primarily serve as working capital. The company aims to enhance employee motivation and align their interests more closely with those of shareholders, fostering long-term commitment to improving enterprise value.

This move follows previous placements announced on Feb 13 and May 14, 2026, targeting executives and key staff members. The issuance will dilute existing shares by approximately 0.45%. However, management believes the impact on existing shareholders remains limited.

The new shares will be distributed to 33 employees who will hold them indefinitely without lock-up conditions, reinforcing their alignment with shareholder goals and boosting engagement in strategic decision-making processes.