TOKYO, Mar 12 (Pulse News Wire) – Yamax Corp. (5285.T) announced today that its board of directors resolved to issue shares to directors through a private placement transaction scheduled for March 27, 2026.
The issuance involves ordinary shares totaling 100,000 at a price of ¥1,693 per share, resulting in a total value of ¥169.3 million. This transaction is part of the company's equity compensation plan, known as the Board Benefit Trust (BBT). It aims to secure future payouts needed under the scheme by making additional contributions to the trust managed by Mizuho Trust Bank. The shares will be transferred to Nomura Trust Bank (Trust E account), which acts as the trustee for the trust established between Yamax Corp. and Mizuho Trust Bank.
The number of shares issued corresponds to the anticipated distribution to directors based on their positions over three fiscal years ending in March 2028. As of September 30, 2025, this represents approximately 0.86% of the outstanding shares, or 1.00% of the total voting rights, deemed reasonable for dilution purposes. The share price was determined based on the closing price of Yamax Corp.'s ordinary shares on the Tokyo Stock Exchange on the day prior to the board resolution. Additionally, the price reflects average closing prices over recent months, ensuring fairness and reasonableness. Independent outside directors attending the meeting confirmed that the pricing does not favor the recipients unduly.
No special procedures are required according to the Tokyo Stock Exchange listing regulations due to the low dilution rate and lack of significant shareholder changes associated with this transaction.
🟡 Confidence: Standard AI-translated content.