Yakult Honsha to Dispose of Shares for Board Benefit Trust Program

TOKYO, Jul 31 (Pulse News Wire) – Yakult Honsha CO.,LTD. (2267.T) resolved at its board meeting today to dispose of ordinary shares worth approximately ¥990.8 million on August 17, 2026, to Nippon Custodian Bank (Trust E Account).

The disposal involves 341,300 shares at a price of ¥2,903 per share. This action follows the introduction of the Board Benefit Trust-Restricted Stock program (BBT-RS) disclosed earlier this year on February 10, 2026, and May 12, 2026. The program was approved during the 74th Ordinary General Meeting held on June 24, 2026. The purpose of the share disposal is to fund the trust established under the BBT-RS scheme, which provides equity compensation to directors and executive officers based on performance criteria set forth in the revised stock compensation system. The disposal amount represents a portion of the anticipated equity awards for five fiscal years ending March 31, 2031.

As of June 30, 2026, the disposed shares account for 0.11% of the total outstanding shares, equivalent to 0.12% of the total voting rights as of March 31, 2026. The company believes this dilution level is reasonable considering the objectives outlined in the May 12, 2026, press release detailing the new stock compensation plan. The trust agreement, effective August 17, 2026, designates Yakult Honsha as the settlor, Mizuho Trust & Banking Co., Ltd. as the trustee, and Nippon Custodian Bank as the sub-trustee. Beneficiaries will consist of eligible directors and executives who meet the stipulated conditions within the trust regulations.

The trust duration extends indefinitely until the BBT-RS program ceases operation.