Furyu Corp Amends Executive Equity Plan; Expands Scope to Include Non-Director Executives

TOKYO, May 19 (Pulse News Wire) – Furyu Corporation (6238.T) announced amendments to its equity-based compensation plan for executives, expanding the scope to include non-executive directors and adding market capitalization-linked points alongside performance-linked points. The changes were approved during a board meeting held , and will be presented for shareholder approval at the upcoming annual general meeting scheduled for June 23, 2026.

Under the amended plan, the number of performance-linked points granted annually per executive director will remain capped at 40,000 points, while market capitalization-linked points will be limited to 245,000 points per mid-term business plan period, with 120,000 points allocated specifically for executive directors. The company plans to allocate additional funds to the trust account to cover the costs associated with the market capitalization-linked points, based on the closing price of its ordinary shares on May 18, 2026, which was approximately ¥1,212.

Furthermore, the revised plan includes provisions for restricting the transfer of shares awarded to executives until their departure from any management position within the company. In cases where executives are dismissed due to misconduct or cause significant harm to the company, their right to receive share awards could be forfeited entirely or partially.

Additionally, the trust agreement stipulates that voting rights attached to shares held within the trust will not be exercised, ensuring neutrality in corporate governance decisions.