Japan Communications Inc.
Notice of acquisition of our shares by President and CEO Naohisa Fukuda and loan of funds related to such share acquisition
CEO Naohisa Fukuda will be loaned up to 200,000,000 yen for the purpose of market purchase of shares, approved by the Board of Directors. The loan is structured with market purchase as the premise, aiming to enhance shareholder value and align the CEO's shareholding ratio. Summary of the loan agreement includes a fixed interest rate of 2.34% per year, a repayment term of 5 years, principal repayment in a lump sum, interest paid annually at the end of each year, and collateral consisting of the acquired shares.
Key Figures
- Loan amount: 200,000,000 円
- Interest rate: 年2.34％
- Repayment period: Within 5 years from the loan date
AI要約
Overview
Japan Communications has decided by the Board of Directors to loan up to 200,000,000 yen to Chief Executive Officer Naohisa Fukuda for the purpose of market purchase of our shares. This financing is premised on a market purchase and aims to enhance shareholder value and further align the management's shareholding ratio. The loan agreement details include an annual interest rate of 2.34%, a 5-year repayment term, principal repayment in a lump sum, interest paid at the end of each year, and collateral in the form of the acquired shares.
Background and future
The loan is intended to demonstrate the CEO's commitment to increasing corporate value and shareholder value through expanded shareholding. It was deemed more favorable in terms of duration and cost compared with other methods (such as issuing stock options or granting shares as compensation). Through a contract with a trust bank, measures to ensure compliance with insider trading regulations are also implemented.
Japan Communications Inc.
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