TOKYO, Apr 23 (Pulse News Wire) – Besterra Co.,ltd (1433.T) approved a share repurchase plan aimed at incentivizing management. The company plans to distribute restricted shares valued at ¥1,039 per share to its directors and executives on May 22, 2026.
The total value of the distribution is ¥11.0 million. The shares will be allocated to two directors, five executive officers, and two subsidiary CEOs, totaling 10,552 ordinary shares. The purpose of this initiative is to align management's interests with shareholders' goals, encouraging contributions towards increased stock prices and enterprise value.
The repurchased shares come from a previously established incentive program, which limits the number of restricted shares granted annually to 32,000. Under the agreement, the restricted shares cannot be transferred until the recipients retire or resign from their positions within the company or subsidiaries. Any untransferred shares will revert to the company upon expiration of the restriction period or earlier resignation.
The repurchase price was determined based on the closing price of BESTERRA’s shares on the Tokyo Stock Exchange on April 22, 2026, which was set at ¥1,039.
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