Daikoku Denki to Issue Restricted Shares as Part of Compensation Plan

TOKYO, Jun 24 (Pulse News Wire) – Daikoku Denki CO.,LTD. (6430.NG) resolved to issue restricted shares as part of its compensation plan aimed at incentivizing executives and fostering greater value-sharing with shareholders.

The issuance, scheduled for July 23, 2026, involves granting ordinary shares worth up to ¥2,111 per share to four directors and eight executive officers who do not hold director positions. The total amount of money bonds to be converted into shares is ¥43.5 million. Under the plan, which was introduced in May 15, 2024, and approved by shareholders in June 26, 2024, the restricted shares cannot be transferred until July 22, 2056.

Executives must remain in their roles throughout the restriction period to retain their shares fully. Upon termination due to retirement or other valid reasons, the number of shares eligible for unrestricted transfer will depend on the duration of service during the restriction period. Additionally, Daikoku Denki will acquire any remaining restricted shares without payment upon expiration of the restriction period or immediately following the resignation of executives for legitimate causes.

The company also retains the right to lift restrictions early in case of significant organizational restructuring approved by either the board or shareholder meetings.