Dai Nippon Toryo Company,Limited [4611.T]
TOKYO, Jun 24 (Pulse News Wire) – Dai Nippon Toryo Company,limited (4611.T) resolved to distribute restricted shares as part of its executive compensation program during a board meeting held on June 24, 2026. The company plans to issue ordinary shares worth ¥1,295 per share to four directors and six executives on July 17, 2026.
The total value of the distribution is set at ¥37.7 million. This move aims to incentivize long-term performance and align executives' interests with shareholders. The company introduced this restricted stock compensation plan in June 2021 to encourage sustained growth and enhance corporate value. As part of this initiative, the company's board approved changes to the annual monetary compensation limit to ¥60 million and the number of allotted ordinary shares to 129,000 annually.
For fiscal year 2026, the company expects to achieve revenue of ¥1,000 billion and operating profit of ¥100 billion. The restricted shares will vest based on continued service until the end of the restriction period, which ends upon the executives' departure from their positions. Any unvested shares will revert to the company without compensation. Additionally, the company outlined conditions for share management, including restrictions on transferring shares until the vesting period expires.
Shares will be managed through accounts opened at SMBC Nikko Securities, ensuring compliance with the agreement terms.
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