TOKYO, Mar 26 (Pulse News Wire) – Kuraray CO.,LTD. (3405.T) announced today that its board of directors approved a share repurchase plan aimed at rewarding executives and fostering value alignment with shareholders.
The company plans to distribute restricted shares valued at ¥1,619 per share to six directors and nineteen executive officers on April 24, 2026. The total amount involved is ¥142.0 million. This initiative follows the introduction of a restricted stock compensation system in 2021, which was further endorsed by shareholder meetings held in March 2021 and March 2025.
Under this program, the company grants restricted shares to directors and executives to incentivize long-term corporate growth and enhance stakeholder value. The restricted shares will be subject to holding periods until retirement, ensuring continued alignment with corporate objectives. In addition, the company has established agreements with individual recipients detailing conditions such as restrictions on transferring or pledging the shares during their tenure.
Any shares remaining under restriction upon termination will be acquired by the company without compensation.
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