Hirogin Holdings,Inc. [7337.T]
TOKYO, Apr 28 (Pulse News Wire) – Hirogin Holdings,inc. (7337.T) announced today that its board of directors has approved the introduction of a restricted share compensation plan aimed at aligning executive interests more closely with shareholder value.
The plan, which requires shareholder approval at the company’s upcoming annual general meeting scheduled for June April 28, 2026, involves granting executives shares subject to holding restrictions. Under the proposed scheme, the total monetary compensation paid out annually would be capped at ¥100 million per fiscal year, excluding allowances for part-time directors. Additionally, the number of restricted shares allocated to eligible directors would be limited to 100,000.
The allocation process includes setting the issue price based on the closing price of Hirogin Holdings' ordinary shares on the Tokyo Stock Exchange prior to the issuance decision. Furthermore, the company plans to suspend contributions to the existing “Executive Remuneration BIP Trust” once the new plan is implemented. Hirogin Holdings also intends to introduce similar but slightly modified restricted share schemes for its executive officers and those of its subsidiary, Hiroshima Bank, contingent upon the approval of the shareholders.
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