Dai-Dan completes treasury share disposal for restricted stock plan

Dai-Dan Co. Ltd. announced today the completion of payment procedures for the disposal of its treasury shares as a restricted stock incentive for the Employee Stock Ownership Association. This follows a resolution by the board of directors on May 9, 2025. The company also reported changes to the initially planned number of shares and the total value due to partial forfeiture.

The disposal, executed via a third-party allotment method to the Dai-Dan Employee Stock Ownership Association, involved 187,000 common shares of the company, a reduction from the initially planned 195,000 shares. The disposal price remained at JPY 4,260 per share, resulting in a total value of JPY 796,620,000, down from the originally planned JPY 830,700,000.

These adjustments stem from the finalization of the number of members agreeing to participate in the restricted stock incentive plan for the Employee Stock Ownership Association. The payment completion and forfeiture details were announced on August 28, 2025.