TOKYO, Apr 17 (Pulse News Wire) – HIDAY HIDAKA Corp. (7611.T) announced today that its board of directors has approved the introduction of a restricted share compensation plan aimed at incentivizing executive performance and fostering greater value-sharing with shareholders.
The proposal will be presented at the company's 48th Annual General Meeting scheduled for May 26, 2026. Under the proposed plan, eligible executives would receive ordinary shares subject to vesting restrictions either through (free delivery method) or (property contribution method). The total number of shares issued annually under this plan will not exceed 20,000 shares. The aggregate annual value of shares granted will be capped at ¥50 million, separate from the existing fixed and variable cash compensation framework.
In addition to setting up a distinct share-based compensation pool, the company plans to adjust the variable cash compensation cap based on operating profit rather than net income for the fiscal year. The revised structure will limit variable cash compensation to 0.5% of the current fiscal year’s operating profit, with an upper limit of ¥50 million, excluding external directors. The restricted period for these shares will extend from the grant date until the executive ceases to hold their designated position within the company. Detailed distribution schedules and conditions will be determined by the board.
A restricted share allocation agreement will also be signed between the company and participating executives, outlining prohibitions on transferring or securing collateral against such shares during the vesting period.
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