TOKYO, Jun 25 (Pulse News Wire) – Daiichi Kotsu Sangyo (9035.F) announced plans to distribute restricted shares to executives and employees as part of its stock compensation program. On June 25, 2026, the company will distribute ordinary shares worth up to ¥730 per share to eight directors and 16 subsidiary directors I, totaling ¥44.5 million.
Additionally, on July 24, 2026, the company will distribute ordinary shares valued at ¥730 per share to 128 employees and subsidiary directors II and senior staff members, amounting to ¥23.6 million. Under the program, shareholders must hold these shares for 30 years, subject to restrictions on transfer until July 23, 2056. The distribution price is based on the closing price of Daiichi Kotsu Sangyo's ordinary shares on the Fukuoka Securities Exchange on June 24, 2026, which was set at ¥730 per share. This ensures fairness and avoids preferential pricing.
The company also outlined conditions for lifting restrictions, such as continued employment, retirement due to normal reasons, and organizational restructuring. In cases of violation of laws during the restriction period, the company reserves the right to reclaim the shares without payment. Shares will be managed through dedicated accounts at Nomura Securities Co., Ltd., ensuring compliance with the agreement terms. This initiative aims to enhance employee motivation and align interests with those of shareholders over the long term.
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