Hokuriku Electric Industry Co.,Ltd.

6989.T
Electronic Components
2026/08/21 Updated
Market Cap: $124.2M (¥19.7B)
Stock Price: $15.83 (¥2,516)
Exchange Rate: 1 USD = ¥158.98

Notice of Share Buyback and Disposal of Treasury Stock with Transfer Restrictions

Hokuriku Electric Industry Co., Ltd. announced a policy to dispose of 4,008 shares of treasury stock to introduce a share-based compensation system for targeted directors, aiming to promote long-term shareholder value sharing.

Importance:
Page Updated: June 26, 2026
IR Disclosure Date: June 26, 2026

Key Figures

  • Number of Shares Disposed: 4,008 shares
  • Disposal Price: 2,488 yen
  • Total Disposal Amount: 9,971,904 yen

AI要約

Overview of Disposal

On July 22, 2026, Hokuriku Electric Industry Co., Ltd. disposed of 4,008 shares of treasury stock to five targeted directors through allocation of shares with transfer restrictions. The disposal price was 2,488 yen per share, totaling approximately 9.97 million yen. The purpose of the system implementation is to incentivize directors and promote long-term shareholder value sharing.

Impact on Shareholders and Future Outlook

This disposal of treasury stock does not result in shareholder dilution and is a measure aimed at enhancing long-term shareholder value. The transfer restriction period will continue until the directors resign, aiming to motivate the targeted directors and sustain corporate value. Moving forward, the company will monitor the operation and effects of the system, striving to maximize shareholder value.

This page uses AI to summarize IR materials from TDnet. Please refer to the original document for investment decisions.

Hokuriku Electric Industry Co., Ltd.

Company overview · Stock price · Financial data · All IR

View company page →