ADVANTEST CORPORATION [6857.T]
TOKYO, Mar 31 (Pulse News Wire) – Advantest Corporation (6857.T) announced today that its board of directors resolved to issue shares based on its performance share units program. The issuance will take place on May 7, 2026, involving two non-executive retiring directors.
A total of 6,152 ordinary shares will be issued, with each share priced at ¥20,925. The total amount of the issuance is ¥128.7 million. Under the performance share units program introduced in May 2021, Advantest aimed to promote long-term management perspectives among executives and enhance value-sharing with shareholders. The program includes two schemes: Performance Share Units (PSU) and Restricted Stock Unit (RSU).
PSU grants stock options tied to performance metrics, while RSU provides restricted stock units subject to vesting conditions. Advantest's latest resolution pertains to the PSU scheme, which evaluates performance over three fiscal years ending March 31, 2025, March 31, 2026, and March 31, 2027. Key indicators include earnings per share (EPS) and relative shareholder return (r-TSR), alongside sustainability evaluations. Shares will be granted based on the achievement rates of predetermined targets set by the board of directors.
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