JVCKENWOOD Corporation
Notice Regarding Disposal of Treasury Stock by Third-Party Allotment Associated with Additional Contribution to Employee Stock Benefit Trust
On May 18, 2026, JVC Kenwood Corporation will dispose of 850,000 shares of treasury stock via third-party allotment at ¥1,183 per share, totaling approximately ¥1,005,550,000, as an additional contribution to the employee stock benefit trust.
Key Figures
- Number of Shares Disposed: 850,000 shares (0.53% of total 161,564,801 shares outstanding)
- Disposal Price: ¥1,183 per share (closing price on April 30, 2026)
- Total Disposal Amount: ¥1,005,550,000
AI要約
Overview of Capital Policy
JVC Kenwood Corporation resolved to dispose of 850,000 shares of treasury stock by third-party allotment on May 18, 2026, in connection with an additional contribution to the employee stock benefit trust. The disposal price is based on the Tokyo Stock Exchange closing price of ¥1,183 on April 30, 2026, and the total disposal amount will be approximately ¥1,005,550,000. The number of shares to be disposed corresponds to 0.53% of the total shares outstanding. The stock benefit trust will acquire these shares as part of an incentive plan for executive officers.
Impact and Procedures for Shareholders
The dilution rate from this treasury stock disposal is minimal at 0.53%, and the impact on the trading market is considered limited. In accordance with the Tokyo Stock Exchange regulations, there is no need for independent third-party opinions or shareholder approval procedures. The disposal price is based on the market price, eliminating arbitrariness, and the Audit and Supervisory Committee has deemed it appropriate.
JVC Kenwood Corporation
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