TOKYO, Mar 10 (Pulse News Wire) – Tanaka CO.,LTD. (7619.T) announced today that its board of directors approved a plan to issue restricted shares to employees through its employee stock ownership plan (ESOP).
The company will distribute 18,480 ordinary shares to the ESOP on March 26, 2026, with each share priced at ¥883. The total value of the transaction is estimated at ¥16,317,840 based on the closing price of the company's shares on March 9, 2026. Under the plan, eligible employees will receive cash bonds totaling ¥16,317,840, which they will contribute to the ESOP. In return, the ESOP will invest these funds in Tanaka Co.
To acquire the restricted shares. The distribution will dilute existing shareholders' equity by approximately 0.21% relative to the outstanding share count as of September 30, 2025, and by 0.23% relative to the total voting rights as of the same date. The restricted shares will be subject to a lock-up period from March 26, 2026, until March 26, 2031, during which time they cannot be transferred, pledged, or otherwise disposed of. The restrictions will lift upon meeting certain conditions, such as continuous membership in the ESOP throughout the lock-up period.
If an employee leaves the ESOP due to retirement or other specified reasons within the lock-up period, the restrictions will also be lifted immediately upon receipt of their resignation notice.
🟢 Confidence: High AI-translated content.