【Shindengen Electric】Disposal of Treasury Stock under Restricted Stock Compensation Program｜June 2026

Overview of Disposal

Shindengen Electric will dispose of 8,733 shares of common stock at 4,180 yen per share on July 24, 2026, based on the restricted stock compensation scheme. The purpose of the disposal is to enhance incentives and strengthen governance, targeting 13 directors and executive officers. The proceeds from the disposal are approximately 36.5 million yen, aiming to improve shareholder value and share long-term corporate value. Disposed shares will be managed in a designated account during the restriction period and will be released under certain conditions.

Impact on Shareholders and Future Outlook

This treasury stock disposal does not cause dilution of shares and is part of an initiative to improve shareholder value. The restriction period is three years, with release contingent on the employment status of the recipients. The raised funds are expected to be allocated toward growth strategies and governance improvements, contributing to shareholder value enhancement in future business operations.