Shinki Bus to Distribute Restricted Shares to Executives on July 23

TOKYO, Jun 24 (Pulse News Wire) – Shinki Bus CO.,LTD. (9083.T) resolved to distribute restricted shares to its executives on July 23, 2026.

According to the resolution made during the board meeting held , the company will issue ordinary shares worth up to ¥1,911 per share to seven directors. The total value of the distribution will be ¥28.0 million. This move follows the introduction of a new incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.

Under this scheme, directors received monetary compensation totaling ¥28.0 million and were granted up to 14,673 ordinary shares subject to restrictions on transfer until July 23, 2026. The shares will be managed through a dedicated account at Nomura Securities to ensure compliance with transfer limitations. The distribution price was set based on the closing price of Shinki Bus's ordinary shares on the Tokyo Stock Exchange Standard Market on June 23, 2026, which was determined to be fair and non-favorable.

The restricted period ends upon the director’s departure from their position due to normal retirement or resignation, or earlier if they violate regulations.