TOKYO, Jun 24 (Pulse News Wire) – Hakudo CO.,LTD. (7637.T) announced that it has resolved to issue restricted shares as part of its incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.
The issuance, scheduled for June 24, 2026, involves awarding ordinary shares worth a total of ¥16.0 million to three directors and one employee. Each share will be issued at a price of ¥3,520 per share, based on the closing price of the company's stock on the Tokyo Stock Exchange on June 23, 2026. Under the plan, recipients must hold the awarded shares until their departure from key positions within the company, which includes roles such as director, executive officer, auditor, advisor, consultant, or employee.
In cases where a recipient leaves prematurely without valid reasons, the company reserves the right to reclaim the shares free of charge. Additionally, the shares will be managed through a dedicated account at Nomura Securities during the restriction period to ensure compliance with the agreement. This initiative follows the approval granted at the company’s 77th Ordinary General Meeting of Shareholders held , allowing for the distribution of monetary claims convertible into restricted shares within ¥15 million days and the issuance or disposal of ordinary shares within July 23, 2026.
The purpose is to incentivize continued motivation among executives and employees while ensuring fair valuation and adherence to regulatory standards.
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