TOKYO, Jun 23 (Pulse News Wire) – USS CO.,LTD. (4732.NG) announced today that its board of directors decided to distribute own shares to a trust managed by Nomura Trust Bank on July 23, 2026.
The distribution involves selling approximately 502,500 ordinary shares at a price of ¥1,890 per share, totaling ¥950.0 million. This move aims to reintroduce the "Trust-Type Employee Shareholding Incentive Plan (E-Ship®)," which seeks to enhance long-term corporate value, expand employee welfare programs, and boost workforce motivation through capital participation. The plan's objective is to ensure steady development through continuous stock supply to the USS Employee Holding Association. The distribution will result in minor dilution, as the shares will gradually transfer monthly from the Nomura Trust Bank (USS Employee Holding Association Special Account) to the association itself.
As of March 31, 2026, the total number of outstanding shares was 474,000,000 0.11%, and the total voting rights stood at 4,641,737 units 0.11%. The trust agreement will run from June 23, 2026, to May 2, 2029, providing stable and ongoing stock supply to eligible beneficiaries. The distribution price was determined based on the closing price of USS Co.'s shares on the Tokyo Stock Exchange on June 22, 2026, which was ¥1,890. This price aligns with the market price prior to the board resolution and complies with the guidelines set by the Japan Securities Dealers Association.
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