HOYA Announces Share Disposition Based on Performance Metrics for Executives and Non-Employee Directors

TOKYO, Jul 31 (Pulse News Wire) – HOYA Corporation (7741.T) resolved to repurchase shares based on performance metrics for executives and non-executive directors. The repurchase will take place on August 25, 2026, involving ordinary shares totaling 8,700.

The per-share price is set at ¥23,840, resulting in a total value of ¥207.4 million. Executives receiving PSU2023 awards will receive 7,200 shares, while non-executive directors receiving RSU2023 awards will receive 1,500 shares. The share repurchase is contingent upon the effectiveness of securities filings under the Financial Instruments and Exchange Act. The repurchase aims to align executive compensation with long-term performance goals and ensure competitive remuneration levels. For PSU, the payout rate varies from 0 to 200% based on three-year performance indicators such as sales revenue, EPS, ROE, and ESG scores.

HOYA's 2023 target and actual performance figures show sales revenue of ¥800.0 billion compared to ¥858.8 billion, EPS of ¥56.00 billion versus ¥61.40 billion, and ROE of 20.0% against 22.2%. Additionally, the company targeted improvements in gender diversity and engagement scores, achieving respective rates of 17.4% and 74 points in 2025. For RSUs, non-executive directors receive fixed stock grants based on their tenure. Both PSU and RSU programs include clawback provisions for misconduct or significant accounting errors. The repurchase price was determined based on the closing price of HOYA’s shares on July 30, 2026, which was ¥23,840.