TOKYO, Apr 20 (Pulse News Wire) – Kantsu CO.,LTD. (9326.T) announced today that its board of directors approved amendments to its share incentive plan, which will be presented to shareholders at the upcoming 40th Annual General Meeting scheduled for May 28.
The changes aim to enhance long-term performance and align executive interests more closely with shareholder value. Specifically, the holding period for restricted shares granted under the plan will now range from one to five years instead of three to five years, as previously set.
Additionally, the annual issuance limit of ordinary shares under the plan will be reduced from within 50,000 per year to within 100,000 shares per year, subject to adjustments due to stock splits or mergers. The total monetary compensation paid out annually for granting restricted shares will also decrease from up to ¥50 million to up to ¥100 million.
These modifications reflect the company's commitment to fostering sustainable growth and deeper alignment with stakeholders amidst anticipated market conditions associated with transitioning to a holding company structure.
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