TOKYO, Jun 24 (Pulse News Wire) – KVK Corporation (6484.T) resolved to distribute restricted shares to three executives on August 18, 2026. The distribution involves ordinary shares worth ¥1 per share, totaling ¥5.0 million.
The shares will be granted based on cash bonds previously provided to the executives as part of a long-term incentive plan aimed at boosting employee engagement and improving corporate value. Under the plan, the executives will hold the shares for 30 years, from August 18, 2026, until August 17, 2056. During this period, the shares cannot be transferred or used as collateral without approval. Restrictions will lift upon the completion of their tenure as non-executive directors.
In case of misconduct during the restriction period, the company reserves the right to reclaim the shares. Additionally, the shares will be managed through a dedicated account at Nomura Securities Co., Ltd. to ensure compliance with the restrictions. The company believes this approach aligns with fair market principles, as the valuation is set at the closing price of July 23, 2026, which was ¥2,300 per share.
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