Sumitomo Osaka Cement Co., Ltd.
Notice Regarding the Disposal of Treasury Stock in Connection with the Continued Stock-based Compensation System
In connection with the continuation of the stock-based compensation system, 42,500 treasury shares will be disposed of at 5,402 yen per share. Total approximately 2.2959 billion yen, to be implemented on August 19. Delivered via trust account to the re-trustee, with insignificant dilution estimated at about 0.13% and a minor impact on the trading market.
Key Figures
- Disposal number of shares: 42,500 shares
- Disposal value: 5,402 yen per share
- Total disposal amount: 229,585,000 yen
AI要約
Summary of this matter
At today's board meeting, we resolved to dispose of treasury stock in connection with the continuation of the stock-based compensation system. The disposal will be conducted on August 19, 2026, with 42,500 shares disposed at 5,402 yen per share, totaling about 2.296 billion yen. The disposal counterpart is Sumitomo Mitsui Trust Bank (trust account), and the re-trustee is Nippon Credit Bank. Under the trust agreement, the shares will not exercise voting rights during the trust period. Dilution is expected to be 0.13% of outstanding shares, and the impact on the trading market is considered minor.
Background and purpose
This system was introduced to strengthen the link between executive rewards and stock value, contributing to mid- to long-term performance improvement and increased corporate value. The current continuation decision was approved by the shareholders' meeting as part of changes to and continuation of the system. The disposal is for the purpose of fund allocation for the program's operation and is based on a fair price calculation (5,402 yen per share) derived from the closing price on the immediately preceding business day, with no discretion involved.
Sumitomo Osaka Cement Co., Ltd.
Company overview · Stock price · Financial data · All IR
