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Senshu Electric Co., Ltd. ( (JP:9824) ) has shared an announcement.
Senshu Electric Co., Ltd. has completed the payment procedures for the disposal of its treasury shares under a restricted stock incentive plan for its employee shareholding association. The plan, originally approved by the board in February 2026, aims to promote employee ownership and align staff interests more closely with the company’s long-term performance.
Following final confirmation of the number of participating employees, the company reduced the number of shares to be disposed of from 30,300 to 23,850, cutting the total disposal amount from 194,526,000 yen to 153,117,000 yen while maintaining the disposal price at 6,420 yen per share. The adjustment, driven by partial forfeiture of rights from non-participating members, indicates actual take-up was lower than initially planned but still reinforces Senshu Electric’s commitment to shareholder-focused incentives for employees.
More about Senshu Electric Co., Ltd.
Senshu Electric Co., Ltd. is a Japan-based company listed on the Tokyo Stock Exchange Prime Market that operates in the electrical and electronics distribution sector. The company provides electric wires, cables, and related electrical equipment, serving industrial customers and corporate clients through its sales network and employee-focused programs, including an employee shareholding association.
Average Trading Volume: 59,878
Technical Sentiment Signal: Buy
Current Market Cap: Yen99.38B
For a thorough assessment of 9824 stock, go to TipRanks’ Stock Analysis page.