TOKYO, Jun 23 (Pulse News Wire) – Ichikura CO.,LTD. (6186.T) announced today that its board of directors has approved the issuance of restricted shares as part of a compensation plan aimed at aligning executive interests with shareholder value.
The new share issuance, scheduled for June 23, 2026, will involve the distribution of ordinary shares worth up to ¥369 per share to three executives. A total of 8,670 shares will be issued, amounting to a total issuance value of ¥3.2 million. This move follows the company's decision in April 2026 to introduce a restricted stock award program designed to encourage executives to contribute more actively towards enhancing the company’s stock price and overall enterprise value. Under this program, executives will receive monetary compensation bonds, which they will invest in exchange for ordinary shares. The restriction period for these shares will last three years, during which time the shares cannot be transferred, pledged, or otherwise disposed of without approval from Ichikura CO.,LTD.
Details of the agreement stipulate that the restriction period will run from June 23, 2026 to July 22, 2026, with conditions for lifting restrictions based on continued service within the company or its subsidiaries until the end of the restriction period. In cases of voluntary resignation or retirement due to personal reasons, the company reserves the right to acquire the shares free of charge. Additionally, should the company undergo significant organizational restructuring during the restriction period, certain provisions allow for early release of restrictions and subsequent acquisition of unrestricted shares by the company. The issuance price was determined based on the closing price of Ichikura CO.,LTD.'s ordinary shares on the Tokyo Stock Exchange Standard Shijou on June 22, 2026, which stood at ¥369. This pricing mechanism ensures fairness and transparency while avoiding any preferential treatment.
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