TOKYO, Mar 27 (Pulse News Wire) – Hakuten Corporation (2173.T) announced today that its board of directors has approved the issuance of restricted shares on April 16, 2026. The company plans to issue ordinary shares totaling 45,800 at a price of ¥956 per share, raising a total of ¥43.8 million.
The shares will be allocated to three directors, two executive officers, and five employees holding certain positions, amounting to a total of 10 individuals. This move aligns with the company's goal of enhancing long-term corporate value through the introduction of a restricted stock compensation program aimed at fostering greater participation awareness among management and promoting shared value with shareholders. Under the program, the restricted period for these shares extends until the individual ceases their position within the company or its subsidiaries due to retirement or resignation.
Shareholders will retain restrictions on transferring, mortgaging, or gifting these shares during this period. Restrictions will be lifted upon continuous service up to the next regular shareholders' meeting following issuance, subject to certain conditions and exceptions outlined in the agreement. In addition, the company will manage these shares through Mizuho Securities Co., Ltd., ensuring compliance with the stipulated terms until the lifting of restrictions.
The issuance price was determined based on the closing price of Hakuten’s ordinary shares on the Tokyo Stock Exchange on March 26, 2026, which was deemed fair and reasonable by the board.
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