Shizuoka Financial Group, Inc. [5831.T]
TOKYO, Mar 31 (Pulse News Wire) – Shizuoka Financial Group,inc. (5831.T) resolved today to dispose of treasury shares as part of its employee incentive plan.
The disposal, set for May 19, 2026, involves selling ordinary shares totaling 550,000. Each share will be sold at ¥2,637 per share, resulting in a total amount of ¥1.451 billion. The transaction will be conducted through Mitsubishi UFJ Trust and Banking Corporation (trust account) and transferred to Nomura Trust & Banking Co., Ltd. (trust account).
This action follows changes made to the RS trust program introduced on March 26, 2024, aimed at aligning employee compensation with stock value. The number of shares to be disposed reflects anticipated distributions to employees during the extended trust period, leading to a dilution ratio of 0.09% relative to the current outstanding shares of 580,129,069 as of December 31, 2025. The company believes this level of dilution will have a minor impact on the trading market. The disposal price was determined based on the closing price of March 30, 2026, which was deemed objective and reasonable.
The Audit Committee, comprising four members including three outside directors, confirmed the fairness and legality of the pricing method.
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