Showa Shinku Completes Share Disposition for Restricted Stock Awards

TOKYO, Aug 07 (Pulse News Wire) – Showa Shinku CO.,LTD. (6384.T) completed the payment procedures for the repurchase of restricted stock awards on August 07, 2026.

The repurchase was approved during the board meeting held on July 17, 2026. Details of the share repurchase include: - Type and number of shares: Ordinary shares totaling 8,000 - Price per share: ¥1,673 - Total amount paid: ¥13.4 million The shares were repurchased from six internal directors, excluding outside directors.

Showa Shinku's President and Representative Director, Akira Tanaka, stated, “This repurchase aligns with our strategy to reward key executives while maintaining shareholder value.” Further specifics can be found in the company’s previous announcement dated July 17, 2026.