Shimamura completes treasury share disposal for executive remuneration

Shimamura Co., Ltd. (TSE: 8227) announced the completion of payment procedures for the disposal of treasury shares as restricted share-based remuneration. This decision, resolved at the Board of Directors meeting on March 17, 2025, involved the disposal of 4,700 common shares of the company. The payment date was April 1, 2025, with the disposal price set at JPY8,516 per share, culminating in a total disposal value of JPY40,025,200. The recipients of these shares are 13 executive officers of Shimamura, aligning their interests with the company's long-term performance. This move underscores Shimamura's commitment to incentivizing its leadership team through equity-based compensation.