TOKYO, Mar 25 (Pulse News Wire) – TANAKEN Inc. (145A.T) resolved to issue new shares as part of its equity compensation plan during a board meeting held .
The issuance will take place on April 24, 2026, involving the distribution of ordinary shares totaling 24,260 to various executives and employees based on performance and service conditions. The total amount of the issuance is expected to be ¥18.8 million. Under the plan, the issuance includes 16,172 shares designated for service-based restricted stock awards and 8,088 shares for performance-based restricted stock awards. The service-based awards carry a restriction period of up to 50 years, while the performance-based awards are subject to restrictions until April 24, 2029. The dilution impact of the new share issuance is estimated to be 0.47% relative to the outstanding share count as of June 30, 2025, which is considered minor.
In addition, the company's board approved the conversion of monetary claims into ordinary shares for ten recipients, who will contribute their principal monetary claims as capital assets. The issuance price per share is set at ¥775, determined based on the closing price of TANAKEN’s ordinary shares on the Tokyo Stock Exchange Growth Market on March 24, 2026. The agreement outlines conditions for lifting restrictions, such as continued employment and achievement of certain performance targets. In cases of misconduct or failure to meet stipulated criteria, the company reserves the right to reclaim the shares without payment. The shares will be managed through dedicated accounts at Nomura Securities Co., Ltd.
To ensure compliance with the restrictions throughout the vesting periods.
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