Tokyo Kiraboshi finalizes restricted stock disposition, reports forfeitures

Tokyo Kiraboshi Financial Group announced the completion of payment procedures for the disposition of its treasury shares as restricted stock incentives for its employee stock ownership plan. The disposition, originally resolved at a board meeting on March 26, 2025, saw adjustments to the number of shares disposed and the total disposition amount due to partial forfeitures.

The revised plan now involves the disposition of 25,595 shares of the company's common stock, a reduction from the initially planned 33,239 shares. The disposition price remains unchanged at JPY 5,960 per share. Consequently, the total disposition amount has been updated to JPY 152,546,200, down from the original JPY 198,104,440.

These changes are a direct result of the final confirmed number of members agreeing to participate in the employee stock ownership plan for the restricted stock incentive. The shares were allotted through a third-party allocation to the Tokyo Kiraboshi Financial Group Employee Stock Ownership Association.