Nippon Steel Corporation
Notice Regarding Disposal of Treasury Stock and Acquisition of Shares by Trustee in Connection with Introduction of Performance-Linked Stock Compensation Plan
On March 11, 2026, Nippon Steel Corporation decided to dispose of 3,130,300 treasury shares at 673.9 yen per share, totaling 2,109,509,170 yen, transferring them to a trust for the performance-linked stock compensation plan.
Key Figures
- Number of Treasury Shares Disposed: 3,130,300 shares (Scheduled disposal on March 11, 2026)
- Disposal Price (per share): 673.9 yen (Closing price on February 20, 2026)
- Total Disposal Amount: 2,109,509,170 yen
AI要約
Overview of Treasury Stock Disposal
Nippon Steel Corporation has resolved to dispose of 3,130,300 treasury shares to Sumitomo Mitsui Trust Bank, Limited (Trust Account) on March 11, 2026, at 673.9 yen per share, totaling 2,109,509,170 yen. This disposal accompanies the introduction of a performance-linked stock compensation plan approved on May 16, 2025, aimed at linking the remuneration of directors and executive officers to stock value. The number of shares disposed corresponds to 0.06% of the total issued shares, and the impact on the trading market is considered minimal.
Overview of the Trust and Details of Share Acquisition
The trust agreement date for this plan is March 11, 2026, with the trust period scheduled until the end of August 2028. The trustee is Sumitomo Mitsui Trust Bank, Limited (re-trust trustee: The Japan Custody Bank, Ltd.), and voting rights of shares within the trust will not be exercised. The acquisition funds amount to 2,109,509,170 yen, with shares acquired through disposal of treasury stock. This clearly links the remuneration of directors and others to stock value, aiming at medium- to long-term enhancement of corporate value.
