TOKYO, Apr 15 (Pulse News Wire) – YoSonar Co., Ltd. (431A.T) resolved today to issue restricted shares to its employee holding association, YoSonar Employee Shareholding Association, through a capital contribution of cash claims totaling ¥29.2 million.
The shares will be distributed on June 24, 2026, with each share priced at ¥1,950. The total value of the transaction is expected to be ¥29.2 million. This issuance is part of the company's initiative to enhance employee welfare and engagement, aiming to attract and retain talented individuals.
Under the program, eligible employees who agree to participate will receive restricted shares subject to certain conditions, such as a prohibition on transferring the shares until December 31, 2029. Additionally, the company will acquire any untransferred shares free of charge upon expiration of the restriction period. The diluted share count resulting from this issuance represents approximately 0.17% of the outstanding shares as of March 15, 2026, and 0.18% of the total voting rights as of December 31, 2025.
The company’s audit committee confirmed that the pricing of the shares, based on the closing price on April 14, 2026, was fair and did not favor the recipients unduly.
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