ICHIKOH INDUSTRIES,LTD. [7244.T]
TOKYO, Apr 24 (Pulse News Wire) – Ichikoh Industries,ltd. (7244.T) announced today that its board of directors resolved to issue new shares worth ¥2 billion for executive compensation.
The issuance will take place on June 1, 2026, involving the distribution of ordinary shares totaling 55,316. The purpose of this issuance is to implement a long-term performance-based remuneration system aimed at incentivizing sustained improvement in the company's value among its executives. Under this system, based on the performance evaluation period ending April 21, 2026, the board determined the final number of shares to be distributed as part of the stock award program. The total number of shares to be issued is 55,316, which will be allocated to four directors and four executive officers.
The share price per unit was set at ¥515 per share, calculated based on the closing price of Ichikoh Industries' common stock on the Tokyo Stock Exchange on April 23, 2026. This pricing mechanism ensures fairness and transparency in the valuation process. Additionally, the issuance includes performance-based units linked to financial metrics, sustainability goals, and diversity targets. Financial performance conditions were met for two out of three fiscal years, resulting in a delivery rate of 90%.
Sustainability and diversity objectives were fully achieved, contributing further to the overall allocation.
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