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Share Issuance and Disposal6342Taihei Machinery Works,LimitedMachinery

Notice Concerning the Disposal of Treasury Shares as Restricted Stock for the Company's Employees

The Company resolved to dispose of 8,690 treasury shares as restricted stock to 114 employees. The shares will be allocated in exchange for the in-kind contribution of monetary claims granted to the employees.

Worth reading
43Recurring
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Direction
Neutral
Direction inferred from the company’s description.
Scale
8690
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Disposal of treasury shares as restricted stock

Who receives how much8,690Shares

8,690 common shares of the Company (treasury shares)

114 employees of the Company (8,690 shares)

The lower thin line represents the existing number of shares to which these shares will be added.

¥2,960 per share
Total issue value

¥25,722,400

Amount of funds to be raised
Total payment amount: ¥25,722,400 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary claims: ¥25,722,400
Conditions on transfer restrictions

Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.

Transfer restriction period
From 25 September 2026 (the payment date) until the date on which the holder ceases to be an employee of the Company. However, if that date falls before the date of submission of the interim report for fiscal 2026, the restriction will remain in place until the submission date.
Conditions for lifting transfer restrictions
Provided that the holder remains an employee of the Company continuously from 25 September 2026 through 31 March 2027, all of the shares allocated under this arrangement will be released from the transfer restrictions when the restriction period expires. If the holder ceases to be an employee due to expiration of the employment period, death, or another reason deemed legitimate by the Board of Directors, all of the shares will be released. In the event of voluntary resignation for reasons other than those specified, the transfer restrictions will be released for the proportion calculated under the Company's criteria, taking into account factors including the length of service.
Reason for acquisition without consideration
Upon expiry of the transfer restriction period, the company will automatically acquire without consideration any allocated shares whose transfer restrictions have not been lifted.
Categories and Number of Persons Covered
114 employees of the Company, 8,690 shares
Intended allottee's holding policy
During the restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The restriction period will run from 25 September 2026 until the date on which the holder ceases to be an employee of the Company, or, in certain cases, until the date of submission of the interim report for fiscal 2026.
Payment date
25 September 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 26 August 2026, ¥2,960. No discount or premium rate was stated.
Impact on Business Performance
No specific impact on financial results from this disposal of treasury shares was stated.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock
Number of shares to be issued or disposed of8,690 common shares of the Company (treasury shares)
Issue price and disposal price¥2,960 per share
Total issue value¥25,722,400
Amount of funds to be raisedTotal payment amount: ¥25,722,400 (estimated net proceeds: Not disclosed)
Payment date25 September 2026
Intended allottee114 employees of the Company (8,690 shares)
Intended allottee's holding policyDuring the restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The restriction period will run from 25 September 2026 until the date on which the holder ceases to be an employee of the Company, or, in certain cases, until the date of submission of the interim report for fiscal 2026.
Basis for determining the amount to be paidThe closing price of the Company's common shares on the Tokyo Stock Exchange on 26 August 2026, ¥2,960. No discount or premium rate was stated.
Transfer restriction periodFrom 25 September 2026 (the payment date) until the date on which the holder ceases to be an employee of the Company. However, if that date falls before the date of submission of the interim report for fiscal 2026, the restriction will remain in place until the submission date.
Conditions for lifting transfer restrictionsProvided that the holder remains an employee of the Company continuously from 25 September 2026 through 31 March 2027, all of the shares allocated under this arrangement will be released from the transfer restrictions when the restriction period expires. If the holder ceases to be an employee due to expiration of the employment period, death, or another reason deemed legitimate by the Board of Directors, all of the shares will be released. In the event of voluntary resignation for reasons other than those specified, the transfer restrictions will be released for the proportion calculated under the Company's criteria, taking into account factors including the length of service.
Reason for acquisition without considerationUpon expiry of the transfer restriction period, the company will automatically acquire without consideration any allocated shares whose transfer restrictions have not been lifted.
Categories and Number of Persons Covered114 employees of the Company, 8,690 shares
Total Stock-Based CompensationTotal monetary claims: ¥25,722,400
Impact on Business PerformanceNo specific impact on financial results from this disposal of treasury shares was stated.
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offering

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The purpose is to promote the sustainable enhancement of corporate value, increase employee motivation, further align employees' interests with those of shareholders, and encourage medium- to long-term and continuous employment.

How to read this page

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Notice Concerning the Disposal of Treasury Shares as Restricted Stock for the Company's Employees | Taihei Machinery Works,Limited (6342) timely disclosure | Komori