TOKYO, Mar 26 (Pulse News Wire) – KITZ Corporation (6498.T) announced today that its board of directors approved the issuance of restricted shares to executives based on its share award program. The company will distribute 54,159 ordinary shares to nine directors, six executive officers, six executive council members, and 23 subsidiary directors on April 23, 2026.
Each share will be priced at ¥1,839, totaling ¥99.70 million. Under the program, recipients cannot sell or pledge these shares until they either lose their positions within the specified period or meet certain conditions outlined in individual agreements. The shares will be managed in special accounts set up at Daiwa Securities Co., Ltd.
During the restriction period. The purpose of this initiative is to incentivize long-term value creation and enhance alignment with shareholders' interests. The shares granted are valued based on the closing price of KITZ's ordinary shares on the Tokyo Stock Exchange on March 25, 2026, ensuring fairness and reflecting the company’s market valuation accurately.
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