Shimizu Corporation details restricted stock plan for employee incentives

Shimizu Corporation, a prominent construction firm, will dispose of 2.9 million treasury shares of its common stock as part of a new restricted stock incentive plan for employees. The disposal, planned for March 19, 2026, involves a third-party allotment to the Employee's Stock Ownership Plan of Shimizu Group. The disposal price is set at JPY 2,216.0 per share, totaling JPY 6.4264 bn. This initiative aims to enhance employee welfare, increase awareness of company performance, and align employee interests with sustainable corporate value.

Under the plan, subject employees will receive monetary claims as special incentive payments, which they will contribute to the Stock Ownership Plan. This will enable them to acquire transfer-restricted common stock. The transfer restriction period for these shares will run from March 19, 2026, to June 1, 2031, with restrictions lifted for employees who continuously remain members of the Stock Ownership Plan throughout this period.

The disposal price of JPY 2,216.0 represents the closing price on the Tokyo Stock Exchange Prime Market on November 6, 2025. This price shows a deviation of 8.36% from the one-month average closing price, 9.76% from the three-month average, and 22.57% from the six-month average. The total number of shares disposed assumes 250 shares are granted to each of the 11,600 eligible employees. This disposal is expected to result in a share dilution of 0.40% relative to the total outstanding shares as of September 30, 2025.