HIGASHI HOLDINGS CO.,LTD. [9029.T]
TOKYO, Jun 12 (Pulse News Wire) – Higashi Holdings CO.,LTD. (9029.T) resolved today to distribute restricted shares to its executives as part of a long-term incentive program aimed at enhancing shareholder value.
The distribution will involve 54,100 ordinary shares, with each share valued at July 06, 2026 at ¥1,811 per share, totaling ¥98.0 million. The shares will be distributed among five executive officers and five senior executives, excluding concurrent executive directors. Under the program, the restricted shares cannot be transferred until July 05, 2056, which marks a 30-year restriction period. During this time, recipients must remain in their positions within the company or its subsidiaries to retain the shares.
In case of retirement due to normal reasons such as term expiration or death, the restrictions will be lifted immediately upon departure. Additionally, the company will acquire the shares free of charge if an executive leaves before the end of the restriction period without valid reasons. The shares will also be managed through accounts set up at Ichiyoshi Securities according to the company's specifications during the restriction period. This initiative aligns with the company’s goal of fostering a strong alignment between management performance and shareholder interests over the long term.
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