Aichi Tokei Denki Co.,Ltd. [7723.T]
TOKYO, Jun 24 (Pulse News Wire) – Aichi Tokei Denki CO.,LTD. (7723.NG) announced that its board of directors held on June 24 approved the issuance of restricted share awards totaling 16,200 shares of common stock to four executives and 12 dedicated executive officers.
The restricted shares will be paid out on July 15, 2026, at a price of ¥2,905 per share, amounting to a total value of ¥47.1 million. The purpose of these awards is to enhance the alignment of interests between management and shareholders and boost the contribution to the company's long-term value. Under the restricted share program introduced in May 2020, the company aims to ensure continuous improvement in enterprise value and value-sharing with shareholders over the medium to long term.
The restricted period extends until the later of either the resignation or retirement of the recipients or the filing of the annual securities report covering the payment date. Additionally, the board resolved to grant cash compensation bonds totaling ¥30.8 million to the four executives and ¥16.3 million to the 12 dedicated executive officers during their respective tenure periods. In exchange, the recipients agreed to contribute these cash compensation bonds as consideration for receiving the restricted shares.
The total number of restricted shares to be distributed is 16,200.
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