Shikino High-Tech Completes Restricted Share Issuance to Directors

TOKYO, Jul 24 (Pulse News Wire) – Shikino High-tech CO.,LTD. (6614.T) completed the payment procedures for restricted share issuance to directors.

The issuance was approved during the board meeting held on June 24, 2026. Under this issuance, the company distributed ordinary shares totaling 10,000 to five directors. Each share was valued at ¥878. The total value of the issuance amounted to ¥8.8 million.

The shares are subject to restrictions prohibiting their transfer until the semi-annual report for the fiscal year in which the directors receive the shares is submitted. Additionally, since the total issuance amount is less than ¥100 million, the company did not file a securities notification or a special report as required by the Financial Instruments and Exchange Act. This issuance serves as part of the company's equity compensation plan for its directors, aimed at aligning their interests with those of shareholders. Further details can be found in the previous announcement dated June 24, 2026.