TOKYO, Mar 19 (Pulse News Wire) – Asakuma CO.,LTD. (7678.T) announced plans to introduce a restricted share compensation plan for its directors during a board meeting held.
The proposal, which seeks shareholder approval at the upcoming 53rd annual general meeting scheduled for April 22, 2026, aims to incentivize long-term value creation and enhance alignment between management and shareholders. Under the proposed scheme, eligible directors would receive restricted shares within the existing annual remuneration cap of ¥120 million. The total number of ordinary shares granted annually would not exceed 10,000 shares. Shares would be issued based on the closing price of Asakuma's stock on the Tokyo Stock Exchange on the day preceding the board resolution.
Restrictions on transferring these shares would remain until the director loses their position, subject to certain conditions and adjustments outlined in the agreement. Additionally, the plan includes provisions allowing for early release of restrictions under specific circumstances such as mergers, acquisitions, or organizational restructuring approved by either the board or shareholders. In cases where restrictions are lifted prematurely due to exceptional reasons, the company reserves the right to acquire the unrestricted shares without payment. This initiative underscores Asakuma’s commitment to fostering sustainable growth and aligning executive interests with those of its shareholders through structured incentive programs.
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