Yamaichi Electronics announces restricted share incentive plan

Yamaichi Electronics announced its decision to dispose of 66,000 treasury shares as restricted stock incentives for its employee stock ownership plan, effective January 16, 2026. This initiative aims to enhance employee asset formation, boost motivation, and align employee and shareholder interests. The shares will be allocated to the Yamaichi Electronics Employee Stock Ownership Association at JPY 3,230 per share, totaling JPY 213,180,000.

The plan involves a special incentive payment to eligible employees, which will then be contributed to the employee stock ownership association to acquire the restricted shares. The restricted shares will be subject to a transfer restriction period from January 16, 2026, to December 1, 2028. The restrictions will be lifted upon the fulfillment of conditions, primarily continuous membership in the association.

The disposal amount was determined based on the closing price of the company's common stock on the Tokyo Stock Exchange Prime Market on August 28, 2025, the business day prior to the board resolution. The company's audit and supervisory committee has confirmed that the disposal amount is reasonable and not particularly advantageous to the allocated party. The dilution rate is estimated at 0.30% against the outstanding shares as of March 31, 2025.