Source disclosure: February 27, 2026, 15:00 JST
SENSHU ELECTRIC CO.,LTD. [9824.T]
TOKYO, Feb 27 (Pulse News Wire) – Senshu Electric CO.,LTD. (9824.T) resolved to issue restricted shares to its employee holding association, Senju Electric Employees' Holding Association, on April 24, 2026.
The resolution was made during today's board meeting and involves issuing ordinary shares worth ¥6,420 per share, totaling up to ¥194.5 million. The shares will be distributed based on special incentives paid to eligible employees, who will contribute these funds to the holding association. The distribution will be subject to certain restrictions until April 23, 2029, allowing transfers only after fulfilling continuous membership requirements.
In case of resignation or non-compliance, the company reserves the right to reclaim the shares without compensation. The dilution impact is expected to be minor, affecting less than 0.17% percent of outstanding shares as of October 31, 2025. This initiative aims to enhance employee asset formation, boost awareness of corporate performance, and promote value-sharing among shareholders.
The company’s audit committee confirmed the fairness and legality of the share price set at the closing price of February 26, 2026, on the Tokyo Stock Exchange.
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