TOKYO, Apr 13 (Pulse News Wire) – Buffalo Inc. (6676.T) announced today that its board of directors approved the issuance of restricted shares as part of executive compensation.
The company will distribute ordinary shares totaling 26,900 on May 13, 2026, at a price of ¥2,470 per share, amounting to a total value of ¥66.4 million. The shares will be granted to 18 executives who will be subject to a holding period until March 31, 2029. Under the restricted stock grant agreement, executives cannot sell, pledge, or otherwise dispose of their allocated shares during the restriction period from May 13, 2026, to March 31, 2029.
The restrictions will lift upon completion of the service period from April 1, 2026, to March 31, 2029, contingent on continued employment. In case of resignation within this period due to death or valid reasons recognized by the company, partial lifting of restrictions will apply based on tenure served. The payment basis for the restricted shares was determined by the closing price of Buffalo Inc.'s ordinary shares on the Tokyo Stock Exchange on April 10, 2026, which stood at ¥2,470.
This valuation method ensures fairness and reflects the company's recent market value accurately.
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