Shinanen Holdings Approves Share Distribution Plan

TOKYO, Jul 10 (Pulse News Wire) – Shinanen Holdings CO.,LTD. (8132.T) announced that at a special board meeting held on July 10, it approved a share distribution plan based on its performance-linked equity compensation system.

Under this plan, the company will distribute a total of 28,100 ordinary shares to three directors and eighteen subsidiary directors on August 25, 2026. Each share will be valued at ¥6,980 per share, resulting in a total value of ¥196.1 million. The eligible recipients are those who served as directors of the company or its subsidiaries during the evaluation period from April 1, 2023, to March 31, 2026.

The distribution is contingent upon the effectiveness of securities filing under the Financial Instruments and Exchange Act. Additionally, the company noted that the valuation price was determined based on the closing price of its ordinary shares on the Tokyo Stock Exchange on July 9, 2026, which was deemed reasonable and fair by the audit committee. The distribution does not require additional shareholder approval due to the dilution rate being below 25% and not involving changes in controlling shareholders.

This move aligns with the company's strategy to enhance long-term corporate value and promote greater alignment with shareholders' interests through incentive-based compensation structures.