KAITORI OKOKU CO.,LTD. [3181.T]
TOKYO, Jun 12 (Pulse News Wire) – Kaitori Okoku CO.,LTD. (3181.T) resolved to issue new shares, during its board meeting held on the same day.
The issuance will take place on July 15, 2026, involving the distribution of ordinary shares worth up to ¥942 per share to four directors and 98 eligible employees. The total amount of the issuance is set at ¥24.3 million. Directors will hold their shares until their resignation, while employee shares will be subject to vesting periods ending either upon retirement or July 15, 2046. Under the performance-based compensation program introduced in April 14, 2018, directors and selected employees receive stock grants tied to the company's value enhancement goals.
Each director receives annual cash awards up to ¥22.5 million which are used to purchase restricted shares. The shares granted to employees will be managed through special accounts opened at Nomura Securities Co., Ltd., ensuring compliance with restrictions until vesting conditions are met. This issuance aligns with the company’s strategy to enhance long-term motivation among key personnel and promote shared value creation with shareholders. The valuation for the new shares is based on the closing price of KAITORI OKOKU's ordinary shares on the Tokyo Stock Exchange on June 11, 2026, which was determined to be fair and reasonable.
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