TOKYO, Mar 30 (Pulse News Wire) – Celsys,inc. (3663.T) announced today that its board of directors resolved to repurchase shares as part of an incentive program aimed at enhancing long-term value and fostering greater alignment with shareholders.
The share repurchase, scheduled for April 24, 2026, involves distributing ordinary shares worth up to ¥1,362 per share, totaling ¥51.5 million. The shares will be distributed among five non-audit committee and outside directors and four employees, amounting to 7,400 shares. Under the program, directors will receive two types of restricted stock awards: a continuous service-based award with a restriction period of 50 years and a performance-linked award with a three-year restriction period.
Employees will receive only the performance-linked award with a five-year restriction period. The repurchased shares will be subject to restrictions on transfer until certain conditions are met, such as continued employment or achievement of performance targets. This initiative follows CELSYS's decision in February 2024 to introduce a restricted stock compensation system designed to incentivize executives and promote sustained corporate value enhancement while encouraging closer shareholder engagement.
The company also held discussions during its 12th regular general meeting in March 2024 to approve the issuance or disposal of up to 140,000 ordinary shares annually based on this system.
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