Kinden adjusts restricted stock offering due to employee forfeitures

Kinden Corporation has completed payment procedures for the disposition of treasury shares as restricted stock incentives for its employee stock ownership plan, as resolved by its board of directors on May 21, 2025. President Ryuyu Uesaka and executive officer Hiroaki Kobayashi confirmed the final details on September 19, 2025.

The number of shares to be disposed and the total disposition amount have been revised due to partial forfeiture of rights. The revised plan now includes 1,002,400 shares of the company's common stock, down from the originally planned 1,083,200 shares. The disposition price remains JPY3,770 per share.

Consequently, the total disposition amount has been adjusted to JPY3,779,048,000, a decrease from the initial JPY4,083,664,000. This change is attributed to the finalization of the number of members agreeing to participate in the employee stock ownership restricted stock incentive scheme.