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Share Issuance and Disposal6989HOKURIKU ELECTRIC INDUSTRY CO.,LTD.Electrical Equipment and Precision Instruments

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation

The Company resolved to dispose of 4,008 treasury shares to 5 directors as restricted stock compensation. The shares may not be transferred or otherwise disposed of until the directors retire from their positions.

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Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Who receives how much4,008Shares

4,008 common shares of the Company (treasury shares)

5 directors of the Company other than directors who are Audit and Supervisory Committee Members4,008 shares

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

¥2,488 per share
Total issue value

¥9,971,904

Total Stock-Based Compensation
Total monetary compensation receivables of ¥9,971,904 (the annual compensation limit is ¥20 million or less)
発行済株式総数

The total number of issued shares will not increase because this is a disposal of treasury shares.

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 the payment date through the date on which the director retires from office
Conditions for lifting transfer restrictions
The recipient must continuously remain a director of the Company throughout the restriction period. If the director retires for a legitimate reason or due to death, the period from the payment date through the date of retirement will be considered, and the transfer restrictions on all shares granted under this arrangement held immediately after retirement will be lifted.
Reason for acquisition without consideration
Immediately after the restriction period expires, the Company will acquire without consideration all shares granted under this arrangement for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
5 directors of the Company (excluding directors who are Audit and Supervisory Committee members), 4,008 shares
Intended allottee's holding policy
From the payment date through the date on which the director retires from office, the shares may not be transferred, pledged as collateral or otherwise disposed of. If certain conditions are met, the transfer restrictions on all shares held at the end of the restriction period will be lifted.
Payment date
22 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 25 June 2026, ¥2,488. No discount or premium.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock compensation
Number of shares to be issued or disposed of4,008 common shares of the Company (treasury shares)
Issue price and disposal price¥2,488 per share
Total issue value¥9,971,904
Payment date22 July 2026
Intended allotteeName 5 directors of the Company other than directors who are Audit and Supervisory Committee Members / Number of Shares 4,008 shares
Intended allottee's holding policyFrom the payment date through the date on which the director retires from office, the shares may not be transferred, pledged as collateral or otherwise disposed of. If certain conditions are met, the transfer restrictions on all shares held at the end of the restriction period will be lifted.
Total number of issued sharesThe total number of issued shares will not increase because this is a disposal of treasury shares.
Basis for determining the amount to be paidThe closing price of the Company's common shares on the Tokyo Stock Exchange on 25 June 2026, ¥2,488. No discount or premium.
Transfer restriction periodFrom the payment date through the date on which the director retires from office
Conditions for lifting transfer restrictionsThe recipient must continuously remain a director of the Company throughout the restriction period. If the director retires for a legitimate reason or due to death, the period from the payment date through the date of retirement will be considered, and the transfer restrictions on all shares granted under this arrangement held immediately after retirement will be lifted.
Reason for acquisition without considerationImmediately after the restriction period expires, the Company will acquire without consideration all shares granted under this arrangement for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered5 directors of the Company (excluding directors who are Audit and Supervisory Committee members), 4,008 shares
Total Stock-Based CompensationTotal monetary compensation receivables of ¥9,971,904 (the annual compensation limit is ¥20 million or less)
Items this document does not state (14)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offeringImpact on Business Performance

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.

To provide an incentive for the sustained enhancement of the Company's corporate value and promote the sharing of value between the directors and shareholders, as well as to further increase motivation.

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Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation | HOKURIKU ELECTRIC INDUSTRY CO.,LTD. (6989) timely disclosure | Komori