TOKYO, Mar 16 (Pulse News Wire) – Yashima Denki CO.,LTD. (3153.T) completed the issuance of treasury shares for its employee stock plan.
The number of shares issued was adjusted due to changes in membership, resulting in a total of 103,700 ordinary shares being distributed to the Yashima Denki Employee Holding Association. Each share was priced at ¥2,879 per share, totaling a distribution amount of ¥298.6 million. This adjustment follows the conclusion of the recruitment process for employee participation in the holding association.
The initial plan called for the issuance of 108,300 shares at a price of ¥2,879 per share, but the final figures reflect the finalized membership count. The company noted that the impact of this share issuance on its consolidated performance is expected to be minor. Yashima Denki, founded in 1946, is set to celebrate its 80th anniversary in August 2026.
As part of this milestone, the company aims to enhance employees' engagement in long-term corporate value growth through initiatives such as the employee stock plan.
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