ICHISHIN HOLDINGS CO.,LTD. [4645.T]
TOKYO, Jun 23 (Pulse News Wire) – Ichishin Holdings CO.,LTD. (4645.T) resolved today to distribute restricted shares as part of its equity compensation program.
The distribution will occur on July 21, involving 121,000 ordinary shares valued at ¥425 per share, totaling ¥51.4 million. The shares will be allocated to nine directors, three auditors, and 41 subsidiary executives. Under the program, directors and auditors who remain employed until their retirement or resignation will retain their shares.
However, those who resign within a year without valid reasons will forfeit a portion of their shares based on their tenure ratio. Shares will be managed through a dedicated account at Nomura Securities during the restriction period. In addition, Ichishin Holdings obtained shareholder approval last year to issue up to ¥50 million ordinary shares annually to directors and up to ¥5 million to auditors, subject to adjustments due to stock splits or consolidations post-resolution date.
The issuance price will be determined based on the closing price of Ichishin's ordinary shares on the Tokyo Stock Exchange prior to the board resolution date, which was set at ¥425 on June 22, 2026.
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