Source disclosure: February 26, 2026, 15:30 JST
TPR CO.,LTD. [6463.T]
TOKYO, Feb 26 (Pulse News Wire) – TPR CO.,LTD. (6463.T) announced today that its board of directors has approved the sale of ordinary shares totaling 468,700 shares to Third Party Assignee, Nomura Trust Bank Co., Ltd.
(Trust E Account), on March 13, 2026. Each share will be sold at ¥1,386 per share, resulting in a total transaction value of ¥649.6 million. This share disposal is part of the company's ongoing stock compensation program known as Board Benefit Trust-Restricted Stock (BBT-RS) and Board Benefit Trust (BBT). The purpose of this transaction is to secure future equity awards needed under the existing employee compensation plan.
The number of shares being disposed aligns with the anticipated distribution to executives and executive-level employees over three fiscal years ending March 2027. As of September 30, 2025, this represents approximately 0.68% percent of the outstanding shares, or 0.71% percent of the total voting rights, based on the issuance of two shares for every one share prior to the October 1, 2025, stock split. The selling price was determined based on the closing price of TPR CO.,LTD.'s ordinary shares on the Tokyo Stock Exchange on the day preceding the board resolution. Additionally, the price reflects average closing prices over recent months, ensuring fairness and reasonableness according to the independent opinions of five attending audit committee members, three of whom are external auditors.
In accordance with the Tokyo Stock Exchange regulations, since the dilution rate remains below 25% percent and does not involve changes in controlling shareholders, no additional procedures such as obtaining independent third-party opinions or shareholder approval are necessary.
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