Nitto Kogyo Corporation
Notice Concerning Introduction of Stock Compensation Trust (J-ESOP), Establishment of Stock Compensation Regulations, Additional Contribution to Stock Compensation Trust (BBT) and Disposal of Treasury Stock by Third-Party Allotment
On February 25, 2026, treasury stock of 287,600 shares will be disposed of by third-party allotment at 4,235 yen per share, totaling 1,217,986,000 yen. 236,100 shares are planned to be allocated to 284 managers, and 51,500 shares to 7 directors.
Key Figures
- Number of shares disposed: 287,600 shares (236,100 shares to managers, 51,500 shares to directors)
- Total disposal amount: 1,217,986,000 yen (calculated at 4,235 yen per share)
- Dilution rate: 0.71% (as a percentage of total number of issued shares as of the end of September 2025)
AI要約
Introduction of the J-ESOP System and Establishment of Stock Compensation Regulations
Nitto Kogyo Corporation has introduced a trust-type incentive plan called the "Stock Compensation Trust (J-ESOP)", referring to the US ESOP system, and established stock compensation regulations in order to enhance the motivation of managers towards stock price and business performance improvement. This enables managers to become shareholders and aim for medium- to long-term corporate value enhancement from the same perspective as directors. Managers are awarded points according to their rank and performance, and upon meeting certain conditions, shares corresponding to the points are granted.
Overview and Purpose of the Disposal of Treasury Stock by Third-Party Allotment
In conjunction with the introduction of the J-ESOP system and continuation of the existing performance-linked stock compensation system (BBT system), treasury stock of 287,600 shares will be disposed of by third-party allotment on February 25, 2026, to secure shares necessary for future grants. The disposal price is set at 4,235 yen, the closing price on the previous business day, totaling approximately 1.21798 billion yen. The disposed shares are scheduled to be allocated as 236,100 shares to 284 managers and 51,500 shares to 7 directors. The dilution rate is judged to be within a reasonable range at 0.71%.
