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Share Issuance and Disposal8387The Shikoku Bank, Ltd.Banks

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation

The Bank resolved to dispose of 52,604 treasury shares to 1,472 employees as restricted stock compensation. The transfer restrictions will be lifted subject to conditions including continued employment for a specified period.

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Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Who receives how much52,604Shares

52,604 shares of the Bank's common stock (treasury shares)

1,472 employees of the Bank52,604 shares

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

¥2,826 per share
Total issue value

¥148,658,904

Total Stock-Based Compensation
Total monetary compensation receivables: ¥148,658,904
発行済株式総数

0.13% (based on 41,884,149 issued shares excluding treasury shares as of 31 March 2026)

The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.

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
25 September 2026 to 30 June 2029
Conditions for lifting transfer restrictions
Provided that the eligible recipient continuously holds the position of either an employee or a contract employee of the Bank during the transfer restriction period, the transfer restrictions on all of the allocated shares held at the end of the period will be lifted. If the eligible recipient retires for a legitimate reason, the restrictions will be lifted immediately after retirement on the number of shares calculated by multiplying the shares held by the number of months from September 2026 through the month containing the retirement date, divided by 34. In the event of a corporate reorganization or similar transaction, the restrictions will also be partially lifted based on the prescribed number of months.
Reason for acquisition without consideration
If the eligible recipient retires from both the position of employee and the position of contract employee of the Bank before the end of the transfer restriction period, except where the Bank's Board of Directors recognizes a legitimate reason. This also applies if any shares remain subject to transfer restrictions at the end of the period. In the event of a corporate reorganization or similar transaction, all shares that remain subject to transfer restrictions as of the business day preceding the effective date will be acquired without consideration.
Categories and Number of Persons Covered
1,472 employees of the Bank, 52,604 shares
Payment date
25 September 2026
Basis for determining the amount to be paid
The closing price of the Bank's common stock on the Tokyo Stock Exchange on 22 May 2026, the business day immediately preceding the date of the Bank's Board of Directors' resolution, was ¥2,826. No discount or premium was applied.
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 of52,604 shares of the Bank's common stock (treasury shares)
Issue price and disposal price¥2,826 per share
Total issue value¥148,658,904
Payment date25 September 2026
Intended allotteeCategory 1,472 employees of the Bank / Number of Shares 52,604 shares
Dilution Rate0.13% (based on 41,884,149 issued shares excluding treasury shares as of 31 March 2026)
Total number of issued shares41,884,149 shares (excluding treasury shares, as of 31 March 2026) → Not disclosed
Basis for determining the amount to be paidThe closing price of the Bank's common stock on the Tokyo Stock Exchange on 22 May 2026, the business day immediately preceding the date of the Bank's Board of Directors' resolution, was ¥2,826. No discount or premium was applied.
Transfer restriction period25 September 2026 to 30 June 2029
Conditions for lifting transfer restrictionsProvided that the eligible recipient continuously holds the position of either an employee or a contract employee of the Bank during the transfer restriction period, the transfer restrictions on all of the allocated shares held at the end of the period will be lifted. If the eligible recipient retires for a legitimate reason, the restrictions will be lifted immediately after retirement on the number of shares calculated by multiplying the shares held by the number of months from September 2026 through the month containing the retirement date, divided by 34. In the event of a corporate reorganization or similar transaction, the restrictions will also be partially lifted based on the prescribed number of months.
Reason for acquisition without considerationIf the eligible recipient retires from both the position of employee and the position of contract employee of the Bank before the end of the transfer restriction period, except where the Bank's Board of Directors recognizes a legitimate reason. This also applies if any shares remain subject to transfer restrictions at the end of the period. In the event of a corporate reorganization or similar transaction, all shares that remain subject to transfer restrictions as of the business day preceding the effective date will be acquired without consideration.
Categories and Number of Persons Covered1,472 employees of the Bank, 52,604 shares
Total Stock-Based CompensationTotal monetary compensation receivables: ¥148,658,904
Items this document does not state (14)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyExercise 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.

This human capital investment is intended to provide employees with an incentive to sustainably enhance corporate value, promote value sharing with shareholders, and improve employee engagement and financial well-being.

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Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation | The Shikoku Bank, Ltd. (8387) timely disclosure | Komori