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2588.T
Utilities - Regulated Water
2026/08/12 Updated
Market Cap: $716.6M (¥114.1B)
Stock Price: $23.46 (¥3,735)
Exchange Rate: 1 USD = ¥159.24

Notice on Disposal of Treasury Stock in Connection with the Introduction of Performance-Linked Equity Compensation

In conjunction with the introduction of a performance-linked executive compensation system, 200,000 ordinary shares will be disposed of at 3,735 yen per share. Total of 747 million yen handled through a trust. Disposal planned for August 27, 2026, with expected dilution of 0.65%.

Importance:
Page Updated: August 12, 2026
IR Disclosure Date: August 12, 2026

Key Figures

  • Disposal shares: 200,000 shares
  • Disposal price: 3,735 yen / share
  • Total amount: 747,000,000 yen

AI要約

Background and purpose

This system resolves the disposal of treasury stock to implement the performance-linked equity compensation for executives as a practical measure. A mechanism to grant shares as compensation by providing the disposed shares to a specified trust through a re-trustee under a trust agreement.

Essence and impact

The number of disposed shares corresponds to 0.65% of the issued shares outstanding as of March 31, 2026 (30,865,469 shares). The disposal price is the market close on the immediately preceding business day of 3,735 yen. Practically, dilution is deemed reasonable, with the number of expected awarded shares covered during the trust contract period.

This page uses AI to summarize IR materials from TDnet. Please refer to the original document for investment decisions.

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