Sansei Landic Co.,Ltd [3277.T]
TOKYO, May 15 (Pulse News Wire) – Sansei Landic Co.,ltd (3277.T) resolved today to issue restricted shares to its employee holding association, Sansei Employee Shareholding Association, as part of an incentive program aimed at promoting employee welfare and engagement. The resolution was made during a board meeting held .
Under the program, the company plans to distribute ordinary shares totaling 20,500 on August 10, 2026, at a price of ¥1,318 per share. The total amount of the distribution is estimated at ¥27.0 million. Each eligible employee will receive 100 restricted shares based on their participation in the program. The company also expects to conduct a stock split on July 1, 2026, which will affect the number of shares distributed and the price per share accordingly. The purpose of this issuance is to enhance employees' asset formation while fostering greater value-sharing among staff and shareholders.
Additionally, it aims to improve employee engagement and contribute to human capital development within the organization. The distribution will be subject to certain restrictions, such as limitations on transferring the shares until July 1, 2027, and potential buybacks by the company under specific conditions outlined in the agreement. The distribution amount was determined based on the closing price of Sansei Landic's ordinary shares on the Tokyo Stock Exchange on May 14, 2026, which was ¥1,318. This pricing method ensures fairness and avoids providing overly favorable terms to the recipients. The board of directors and three attending audit committee members confirmed the appropriateness of this valuation methodology.
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