Hamamatsu Photonics to issue shares for executive compensation

Hamamatsu Photonics K.K. announced its decision to issue new shares as restricted stock compensation, following a board resolution on December 19, 2025. The company will issue 66,251 shares of common stock at JPY 1,645 per share, totaling JPY 108,982,895. The payment date for these shares is set for January 16, 2026.

The shares will be allocated to 20 individuals. This includes six directors (excluding outside directors) who will receive 33,484 shares, and 14 executive officers not serving as directors who will receive 32,767 shares. This initiative aims to provide long-term incentives and align the interests of executives with shareholder value, continuing a scheme approved in 2019.

The restricted stock will be subject to a 30-year transfer restriction period, from January 16, 2026, to January 15, 2056. The restriction will be lifted upon the fulfillment of specific conditions, primarily continuous service to the company or its subsidiaries. The issuance price was determined based on the closing price of the company's common stock on the Tokyo Stock Exchange Prime Market on December 18, 2025, ensuring a fair and rational valuation.