Kikukawa Enterprise to Issue Restricted Shares as Compensation on July 24

TOKYO, Jun 26 (Pulse News Wire) – Kikukawa Enterprise,inc. (6346.NG) resolved to issue restricted shares as compensation to its directors.

The company plans to distribute ordinary shares totaling 3,500 on July 24, 2026, with each share valued at ¥5,500. The total value of the distribution is ¥19.2 million. This issuance follows a resolution made during a board meeting held on May 12, 2022, aimed at incentivizing long-term corporate value growth and fostering closer alignment between management and shareholders. Directors who will receive these shares are subject to a restriction period until their resignation date.

During this period, they cannot sell, pledge, or otherwise dispose of the allotted shares without approval from the company's board of directors. Additionally, the company decided to grant a combined monetary compensation of ¥19.2 million to the directors involved, contingent upon receiving the restricted shares. The restricted period will commence on July 24, 2026, and continue until the director’s departure from the role. In cases of early resignation due to misconduct or other stipulated reasons, the company reserves the right to acquire some or all of the restricted shares free of charge.