JAPAN MATERIAL Co.,Ltd. [6055.T]
TOKYO, Jun 24 (Pulse News Wire) – Japan Material CO.,LTD. (6055.NG) announced that its board of directors held, resolved to distribute restricted shares as part of its stock compensation program.
The distribution is scheduled for July 23, 2026, involving ordinary shares totaling 17,000. Each share will be valued at ¥2,555, resulting in a total value of ¥43.4 million. The shares will be distributed among three directors and seven executive officers, excluding external directors and audit committee members. Additionally, fourteen subsidiary directors and two subsidiary executives, also excluding external directors, will receive shares.
The purpose of this distribution is to enhance the contribution to the company's stock price appreciation and corporate value through a performance-based incentive plan introduced in May 13, 2021. Under the agreement, the restricted period for these shares will last until July 22, 2029. During this period, recipients cannot sell, pledge, or otherwise dispose of their allocated shares without approval from the board of directors. Upon completion of the restriction period, the shares will be freely tradable, subject to conditions outlined in the allocation contract.
Japan Material emphasizes that the decision aims to align the interests of management with those of shareholders, fostering a stronger commitment to driving stock prices upward and increasing enterprise value.
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