Source disclosure: February 19, 2026
Billing System Corporation [3623.T]
TOKYO, Feb 19 (Pulse News Wire) – Billing System Corporation (3623.T) announced today that its board of directors has approved the introduction of a restricted share compensation plan for executives, which will be presented to shareholders at the annual general meeting scheduled for March 26, 2026. Under the new plan, eligible directors will receive monetary awards convertible into shares subject to certain restrictions.
The total amount of monetary awards granted annually will be up to ¥30 million per director, with the specific timing and allocation determined by the board. The company plans to issue or distribute up to 25,000 ordinary shares annually based on the closing price of its stock on the Tokyo Stock Exchange on the day preceding the board's decision. Additionally, the plan includes provisions prohibiting the sale or pledge of these restricted shares during a designated holding period.
In case of specific events, the company reserves the right to repurchase such shares without payment. Shares will be managed in dedicated accounts set up at securities firms designated by the company during the restriction period. This initiative aims to incentivize long-term value creation and enhance shareholder alignment while maintaining existing salary structures approved by shareholders in previous meetings.
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