TOKYO, Mar 23 (Pulse News Wire) – Toda Corporation (1860.T) completed the payment process for its employee share grant program. As a result, there was a change in the number of shares and total distribution amount due to some employees leaving the holding association due to retirement or other reasons.
Originally planned to distribute 443,700 ordinary shares at a price of ¥1,580 per share, the revised plan now involves distributing 440,700 ordinary shares at a price of ¥1,580 per share. The total distribution amount has also changed from ¥701.3 million to ¥696.5 million.
The shares will still be distributed through a third-party allocation method to the Toda Construction Self-Holding Shares Investment Association. Regarding the impact on the company's fiscal year ending March 2026, management expects the effect to be minor.
However, Toda Corporation will promptly disclose any further developments related to this matter.
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