Fukuda Denshi launches restricted stock plan for employees

Fukuda Denshi announced on August 29, 2025, a new restricted stock incentive plan for its employees, aiming to foster property formation and enhance corporate value. The company will dispose of 63,525 shares of common stock at a price of 6,870 yen per share, totaling 436,416,750 yen, to the Fukuda Denshi Employee Stock Ownership Plan. The payment deadline for these shares is set for December 25, 2025.

The incentive plan involves granting monetary incentives to employees, who will then contribute these funds to the employee stock ownership plan to acquire the restricted shares. The allocation price of 6,870 yen was determined based on the closing price of Fukuda Denshi's common stock on the Tokyo Stock Exchange Standard Market on August 28, 2025, the business day prior to the board meeting.

A transfer restriction period will be in effect until November 30, 2030, during which employees cannot transfer or pledge the allocated shares. The restrictions will be lifted upon the completion of this period, provided the employee remains a member of the stock ownership plan. The dilution rate from this disposition is estimated at 0.17% of total outstanding shares and 0.22% of total voting rights, based on figures as of March 31, 2025.