TOKYO, Mar 27 (Pulse News Wire) – Kokuyo CO.,LTD. (7984.T) resolved today to issue restricted shares to its employees based on performance targets set forth in its long-term vision CCC2030 and fourth medium-term management plan.
The resolution was made during a board meeting held. Under the employee stock incentive program, the company plans to distribute ordinary shares worth ¥835 per share to 57 designated employees on April 30, 2026. The total value of the shares being distributed is ¥45.6 million. The shares will be granted based on the employees' achievement of performance goals measured against earnings before interest, taxes, depreciation, and amortization (EBITDA) from January 1, 2025, to December 31, 2025.
Each recipient will be subject to a five-year holding period during which the shares cannot be transferred, pledged, or otherwise disposed of. Restrictions will be lifted upon retirement or resignation from the company, or if the employee is assigned overseas due to work-related reasons. In such cases, restrictions will be lifted on the day following their departure. Additionally, the company reserves the right to acquire untransferred shares without compensation once the restriction period expires.
The distribution price of ¥__NUM_0__ per share is based on the closing price of Kokuyo's ordinary shares on the Tokyo Stock Exchange on March 26, 2026, ensuring fairness and reflecting the company’s valuation accurately.
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