Source disclosure: January 16, 2026
HOKUTO CORPORATION [1379.T]
TOKYO, Jan 16 (Pulse News Wire) – Hokuto Corporation (1379.T) announced today that its board of directors approved the issuance of restricted shares to non-executive directors and employees. The company plans to distribute 5,310 ordinary shares to three non-executive appointed executives and six non-executive employed executives on March 27, 2026, subject to certain conditions.
Each share will be valued at ¥2,034 based on the closing price of the company's stock on the Tokyo Stock Exchange on January 15, 2026. The purpose of this issuance is to enhance long-term performance awareness among executives and promote greater value-sharing with shareholders. The shares will be subject to restrictions until the recipients lose their executive positions or become directors.
In case of death or loss of position due to valid reasons during the service period, partial lifting of restrictions will apply based on months served. Additionally, Hokuto will enter into a restricted share allocation agreement with the recipients, outlining key provisions such as the prohibition of transferring or setting collateral rights on the shares during the restriction period. Upon expiration of the restriction period, untransferred shares will be acquired by the company.
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