Nippon Denko adjusts restricted stock incentive allotment after forfeitures

Nippon Denko announced on December 15, 2025, the completion of payment procedures for the disposal of treasury shares as restricted stock incentives for its employee stock ownership plan. This transaction, initially resolved by the board of directors on August 28, 2025, saw the finalization of the share transfer.

Following a partial forfeiture of rights, the number of shares to be disposed of was revised from an initial 626,470 common shares to 442,250 common shares. Consequently, the total amount of the disposition changed from JPY 206,735,100 to JPY 145,942,500. The disposition price per share remained constant at JPY 330.

The company clarified that the adjustments resulted from the finalization of the number of employee stock ownership plan members who consented to participate. The shares were disposed of through a third-party allotment method to the Nippon Denko Employee Stock Ownership Plan.