TOKYO, Mar 17 (Pulse News Wire) – Kushikatsu Tanaka Holdings Co. (3547.T) resolved today to issue restricted shares to one director as part of its incentive program.
The company will dispose of 20,000 ordinary shares on April 17, 2026, at a price of ¥1,000 per share, totaling ¥20 million. The shares will be subject to a two-to-five-year holding period determined by the board, during which time the recipient cannot sell or pledge them without meeting certain conditions. The issuance follows the company's decision in January 2020 to introduce a long-term incentive plan aimed at enhancing shareholder value and fostering closer alignment with stakeholders.
Under this scheme, directors receive equity grants alongside monetary compensation, with restrictions lifted upon continued service until the end of the designated period. In case of early termination due to reasons such as retirement or death, partial lifting of restrictions may apply based on tenure served. Additionally, the company noted that the disposal price was set at the closing price of March 16, 2026, ensuring fairness and reflecting the company’s market valuation accurately.
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