SMN Corp Completes Restricted Share Issuance to Directors

TOKYO, Jul 24 (Pulse News Wire) – SMN Corporation (6185.T) completed the issuance of restricted shares to directors as decided during the board meeting held on June 25, 2026. The issuance involved the distribution of ordinary shares totaling 34,391 without charge as part of director compensation, according to the Companies Act Article 202(2).

The fair valuation amount was determined based on the closing price of SMN's ordinary shares on the Tokyo Stock Exchange on July 23, 2026, which was ¥378. Multiplying this value by the number of shares resulted in a total issuance value of ¥13.0 million.

The shares were distributed to two non-executive directors, excluding audit committee members and non-operating directors.