TOKYO, Jun 18 (Pulse News Wire) – Arisawa Mfg.co.,ltd. (5208.T) resolved to distribute restricted shares to nine directors on July 17, 2026.
Each share will be sold at ¥2,454 per share, totaling ¥47.8 million. The distribution follows a decision made during the June 18, 2026 board meeting aimed at enhancing long-term corporate value and fostering closer ties with shareholders through a restricted stock compensation program. Under this program, directors received monetary awards up to ¥60 million annually, which were used to acquire restricted shares. The shares come with restrictions prohibiting transfers until the director leaves their position at Arisawa or its subsidiaries. In case of resignation due to reasons other than normal retirement or death, the company will reclaim the shares.
Details of the agreement stipulate that the restriction period runs from July 17, 2026, until the director's departure from any executive role within the group. Shareholders will retain control over the shares once they complete their service term without interruption. Any shares not released due to premature termination will revert to the company free of charge. The shares will be managed by Nomura Securities in dedicated accounts to ensure compliance with the restrictions. The distribution price was set based on the closing price of Arisawa’s ordinary shares on the Tokyo Stock Exchange on June 17, 2026, ensuring fairness and transparency.
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