Shin Nippon Air Technologies completes restricted stock incentive plan

Shin Nippon Air Technologies Co., Ltd. announced today the completion of payment procedures for the disposal of treasury stock as a restricted stock incentive for its employee shareholders association. This follows a resolution passed at a board of directors meeting on June 27, 2025. The company confirmed that changes were made to the initially planned number of shares for disposal and the total disposal price due to a partial forfeiture.

The final number of shares allocated is 102,675 shares of common stock, a reduction from the previously announced 109,417 shares. The disposal price per share remains at JPY 2,357, resulting in a total disposal price of JPY 242,004,975, down from the initial JPY 257,895,869. The shares were allotted to the Shin Nippon Air Technologies Employee Shareholders Association via a third-party allotment method.

These adjustments in the number of shares for disposal and the total disposal price were made to reflect the finalized count of employee shareholders who consented to participate in the restricted stock incentive plan. The payment procedures were completed on September 19, 2025.