Almetax Manufacturing to Issue Restricted Shares to Executives on July 24

TOKYO, Jun 25 (Pulse News Wire) – Almetax Manufacturing Co,ltd. (5928.T) announced that it will issue restricted shares to executives on July 24, 2026.

The company's board of directors approved the issuance of ordinary shares worth a total of ¥9.8 million as part of a long-term incentive program aimed at enhancing shareholder value and aligning interests with stakeholders. Under the newly introduced share-based compensation plan, three directors and five executive officers will receive ordinary shares totaling 36,709. Each share will be valued at ¥267 per share, based on the closing price of the company’s stock on June 24, 2026, which was ¥267.

The shares will be subject to vesting restrictions until one month after the executives' departure from their positions. Additionally, the company outlined conditions under which the shares could be forfeited without compensation, such as engaging in competitive activities against the company during the restriction period. Shares held by departing executives who meet the vesting criteria will be released from restrictions upon leaving their roles.

This initiative underscores Almetax Manufacturing's commitment to fostering sustainable growth through strategic employee incentives and maintaining transparency in governance practices.