TOKYO, Jun 26 (Pulse News Wire) – Hisaka Works,ltd. (6247.T) announced plans to issue restricted stock as part of its incentive program on July 24, 2026.
The company will distribute ordinary shares worth up to ¥1,776 per share to four non-executive directors and seven executive officers who do not hold director positions. A total of 39,800 shares will be distributed, amounting to a total value of ¥70.7 million. This issuance follows the introduction of a restricted stock compensation system approved during the 92nd regular shareholders' meeting held on June 25, 2021.
Under this system, recipients are required to hold the shares until July 23, 2056, subject to conditions such as continued employment with the company or its subsidiaries. The distribution price was determined based on the closing price of HISAKA WORKS' ordinary shares on the Tokyo Stock Exchange on June 25, 2026, which was set at ¥1,776 per share. This ensures fairness and avoids unduly favorable pricing for the recipients.
In addition, the company will manage these shares through a dedicated account at Nomura Securities Co., Ltd., ensuring compliance with restrictions on transferring or setting collateral rights on the shares during the holding period.
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