KOURAKUEN CORPORATION [7554.T]
TOKYO, Jun 18 (Pulse News Wire) – Kourakuen Corporation (7554.T) resolved today to issue restricted shares to its directors as part of a compensation plan aimed at incentivizing long-term value creation and aligning interests with shareholders. The company's board meeting decided to distribute ordinary shares totaling 14,000 without charge on July 17, 2026, subject to restrictions until the directors lose their positions.
Under the plan, the shares will be delivered free of cost but cannot be transferred or used as collateral during the restriction period. The shares are valued based on the closing price of Kourakuen’s ordinary shares on the Tokyo Stock Exchange on the day prior to the distribution, which was ¥1,083 per share on June 18, 2026. The restricted shares program is designed to reward directors for their performance and responsibilities while ensuring they hold onto the shares for a minimum of one fiscal year.
In case of death or resignation within this period, the restriction would still apply until the end of the designated term. Additionally, the company retains the right to reclaim the shares if the restrictions are not lifted by the stipulated time. This initiative underscores Kourakuen's commitment to fostering a culture of accountability and shared value among its leadership team through equity-based incentives.
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