TOKYO, Mar 27 (Pulse News Wire) – Kinjiro CO.,LTD. (4013.T) announced today that its board of directors approved the distribution of restricted shares to six executives as part of a new compensation plan aimed at enhancing long-term value creation and aligning interests with shareholders.
The share distribution, set to occur on April 24, involves transferring 1,000,000 ordinary shares at a price of ¥1,000 per share, totaling ¥1,000,000,000. Under the newly implemented incentive program, which was approved by shareholders during the 44th annual general meeting held on March 19, 2025, internal executives will receive equity grants based on their performance and contributions. Each executive will also contribute cash awards up to ¥1,000,000 annually towards acquiring these restricted shares.
The restriction period runs from April 24, 2026, until the executive leaves their position due to retirement or resignation. In addition, the agreement stipulates that if an executive violates legal regulations or engages in misconduct during the restriction period, Kinjiro Co. reserves the right to reclaim the shares without compensation.
Furthermore, should the company undergo significant organizational changes such as mergers or acquisitions, the restrictions on the shares will be lifted accordingly.
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