TOKYO, Mar 27 (Pulse News Wire) – JMC Corporation (5704.T) resolved to distribute restricted shares as part of its equity incentive program during a board meeting held on March 27, 2026. The distribution will take place on April 24, 2026, involving 11,200 ordinary shares for five executives and 2,580 shares for four employees.
Each share will be valued at ¥390 per share, totaling ¥5.4 million. The purpose of this initiative is to incentivize long-term value creation among directors and foster closer alignment with shareholders' interests. The company introduced this restricted stock award system based on resolutions made at previous board meetings and shareholder general assemblies. Under this scheme, the total monetary compensation bonds amounting to ¥5.4 million will be converted into restricted shares, with each recipient receiving 13,780 ordinary shares through a cashless subscription method. The restricted period for these shares spans from April 24, 2026 to April 23, 2029.
During this time, recipients cannot transfer their shares without valid reasons approved by the board. Upon completion of the restriction period, the shares will be freely tradable subject to continued employment until the end of the restriction term. In case of early departure due to legitimate reasons, the company reserves the right to reclaim the shares at fair value. The shares will be managed by SMBC Nikko Securities according to instructions from JMC Corporation until the restrictions are lifted. Additionally, in the event of significant organizational restructuring approved by the board or shareholders, certain conditions may lead to the lifting of restrictions earlier than scheduled.
🟡 Confidence: Standard AI-translated content.