TOKYO, Mar 19 (Pulse News Wire) – Shimizu Corporation (1803.T) completed the issuance of restricted share incentives for its employee stock ownership plan . Initially planned to issue 2,900,000 shares, the company adjusted the number due to changes in member agreement levels.
Under the revised plan, Shimizu distributed ordinary shares totaling ¥5.871 billion. Each share was priced at ¥2,216 per share, resulting in a total issuance value of __NUM_2__. The distribution method remained unchanged, utilizing a third-party allocation approach directed towards the Shimizu Construction Employees' Trust Fund Group Juugyouin Mochi.
The initial announcement regarding this incentive program was made during the board meeting held on November 7, 2025. Details of the adjustments to the share count and issuance amount can be found in the notice released on the same day. Changes in the number of shares and total issuance amount were due to the final determination of members agreeing to participate in the restricted share incentive program.
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