TOYOTA BOSHOKU CORPORATION [3116.T]
TOKYO, Jun 12 (Pulse News Wire) – Toyota Boshoku Corporation (3116.T) resolved today to issue restricted shares to its employee holding association, Toyota Boshoku Employees' Holding Society, as part of an incentive program aimed at fostering value-sharing among management employees. The resolution was made during a board meeting held on June 12, 2026.
Under the plan, up to 38,470 shares could be distributed on September 03, 2026, assuming all eligible employees join the holding society and agree to the program. The distribution price per share is set at March 31, 2026, which aligns with the closing price of Toyota Boshoku's ordinary shares on the Tokyo Stock Exchange on the day prior to the board decision. This ensures fairness and:,: Toyota Boshoku to Issue Restricted Shares to Employee Holding Association TOKYO, Jun 12 (Pulse News Wire) – Toyota Boshoku Corporation (3116.T) resolved today to issue restricted shares to its employee holding association, Toyota Boshoku Employees' Holding Society, as part of an incentive program aimed at fostering value-sharing among management employees. The resolution was made during a board meeting held . Under the plan, up to 38,470 shares could be distributed on September 3, 2026, assuming all eligible employees join the holding society and agree to the program. The distribution price per share is set at ¥1,000, which aligns with the closing price of Toyota Boshoku's ordinary shares on the Tokyo Stock Exchange on the day prior to the board decision.
This ensures fairness and transparency in the process. The issuance of restricted shares is subject to certain conditions, including a restriction period from September 3, 2026, until October 31, 2031. During this period, shareholders cannot sell or pledge their shares without approval. Additionally, the shares will be managed through a dedicated account opened by Nomura Securities Co., Ltd. on behalf of the holding society. This initiative aims to enhance employee welfare and encourage long-term value creation for Toyota Boshoku.
The company believes this approach contributes positively to its overall enterprise value while ensuring the dilution impact remains reasonable and minimally affecting the market.
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