Yashima Denki announces employee stock plan for 80th anniversary

Yashima Denki today announced a resolution from its board of directors to dispose of treasury stock via a third-party allotment to the Yashima Denki Employee Stock Ownership Plan. This initiative, set for March 16, 2026, aims to grant 100 shares of the company's common stock to each eligible employee, coinciding with the company's 80th anniversary in August 2026.

The disposal will involve a maximum of 108,300 common shares at 2,879 yen per share, totaling 311,795,700 yen. This represents approximately 0.50% of the total outstanding shares.

The disposal price of 2,879 yen per share is based on the closing price of Yashima Denki's common stock on the Tokyo Stock Exchange on December 16, 2025. This price reflects the market value and is deemed reasonable. The board's audit and supervisory committee members confirmed the rationality of the valuation process.

The number of shares and total value are estimates, assuming all 1,083 employees of the Yashima Denki Group participate in the plan.