TOKYO, Mar 27 (Pulse News Wire) – YAMAX Corp. (5285.T) completed the issuance of shares pursuant to its equity compensation plan.
The company had resolved to issue these shares through a private placement to a third party during its board meeting held on March 12, 2026. Under the share distribution program, YAMAX issued ordinary shares totaling 100,000. Each share was sold at a price of ¥1,693 per share, resulting in a total issuance amount of ¥169.3 million. The shares were allocated to seven internal directors of the company, excluding external directors.
According to notes provided, while the formal recipient of the share issuance is Nippon Custodian Bank Co., Ltd. (Trust Account E), the underlying purpose is to distribute shares to directors as part of their remuneration for services rendered. Directors will receive either shares or cash equivalent to the value of the shares based on points assigned according to their positions within the company. The number of shares actually distributed may vary depending on the director's position.
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