Hoshizaki completes restricted stock disposal, amends share allocation

Hoshizaki Corporation, a leading manufacturer, confirmed on October 16, 2025, the completion of payment procedures for the disposal of treasury shares as restricted stock incentives for its employee shareholding association. This follows a resolution made at the board of directors meeting on July 16, 2025. The company initially planned to dispose of 280,770 common shares. However, due to partial forfeiture, the final number of shares disposed was adjusted to 248,955 common shares.

The total disposal amount also saw a corresponding change, decreasing from the initially planned 1,461,688,620 yen to 1,296,059,730 yen. The per-share disposal value remained constant at 5,206 yen. The shares were allocated through a third-party allotment method to the Hoshizaki Group Employees Shareholding Association.

The alteration in both the number of disposed shares and the total disposal amount resulted from the finalization of the count of members who agreed to participate in the restricted share-based incentive plan for the employee shareholding association.