Source disclosure: February 20, 2026
Higashinihon Jisho Co.,Ltd. [139A.T]
TOKYO, Feb 20 (Pulse News Wire) -- Higashinihon Jisho Co., Ltd. (139A.T), a real estate company listed on the Tokyo Pro Market, announced today that its board of directors has approved plans to issue stock options as new share subscription rights to its executives and employees. The proposal will be presented for approval at an extraordinary shareholders' meeting scheduled for March 31, 2026.
The company's board resolution includes granting stock options to its executive officers and employees, excluding external directors, under Articles 236, 238, and 239 of Japan’s Companies Act. Additionally, the plan involves awarding these stock options as part of compensation to directors based on Article 361 of the same act. The total number of stock options to be issued is capped at 370, with each option allowing the holder to subscribe to 100 shares of common stock upon exercise.
Under this scheme, the annual compensation limit for internal directors will increase from 21 million yen to include up to 21 million yen worth of stock options, in addition to their basic salary framework established by the sixth regular shareholders’ meeting held on November 24, 2022. This adjustment aims to enhance value sharing between the company and its stakeholders while providing additional incentives to management.
Each stock option carries an exercise price of ¥3,657 per share, which may be adjusted according to certain conditions such as stock splits, mergers, or significant changes in market valuation. For instance, should the company issue new shares below market value after the grant date, the exercise price would be recalculated using a formula that takes into account the newly issued shares and existing equity. Any fractional adjustments arising from these calculations will be rounded up.
The exercise period for these stock options spans from April 1, 2028, to March 31, 2036. Furthermore, any transfer of these options requires prior approval from the company's board of directors. In cases where the company undergoes organizational restructuring through mergers, spin-offs, or similar transactions, the terms of the stock options will be reassigned to the surviving entity or relevant parties involved in the reorganization process, subject to predefined conditions outlined in the announcement.
This comprehensive plan underscores Higashinihon Jisho Co., Ltd.'s commitment to aligning executive interests with shareholder value and fostering long-term growth strategies within the organization.
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