Tokai Tokyo Financial Holdings, Inc.
Announcement Regarding Issuance of New Restricted Stock for Employees and Cancellation of Treasury Stock
Issued 836,500 shares of new restricted stock worth ¥609,808,500 to 2,326 employees and cancelled the same number of treasury shares (0.32% of total issued shares) on March 13, 2026.
Key Figures
- Number of New Shares Issued: 836,500 shares (Restricted stock for employees)
- Total Amount of New Shares Issued: ¥609,808,500 (Issue price ¥729 per share)
- Number of Treasury Shares Cancelled: 836,500 shares (0.32% of total issued shares)
AI要約
Overview of Capital Policy
Tokai Tokyo Financial Holdings, Inc. has decided to issue 836,500 shares of new restricted stock to employees (full-time) and contribute a monetary claim of ¥609,808,500 as an in-kind contribution. The recipients are 2,326 employees, with the issue price set at ¥729 per share, based on the closing price on January 29, 2026, ensuring a reasonable, non-arbitrary price. This aims to promote medium- to long-term asset formation among employees and foster motivation to enhance corporate value.
Cancellation of Treasury Stock and Impact on Shareholders
Concurrently, the company has decided to cancel 836,500 treasury shares, equivalent to 0.32% of the total issued shares of 260,582,115 shares, on March 13, 2026. This measure is intended to suppress share dilution and maintain shareholder value. The restricted stock is subject to a transfer restriction period (March 13, 2026 to June 30, 2026) during which transfer or disposal to third parties is prohibited, and the company may acquire the shares free of charge under certain conditions.
