TOKYO, Jun 25 (Pulse News Wire) – Kyocera Corporation (6971.T) announced that its board of directors held on June 25 approved the distribution of restricted shares as part of its compensation plan. A total of 61,857 ordinary shares will be distributed to 31 executives and directors, with each share valued at ¥3,517.
The total value of the distribution is ¥217.6 million. The shares will be transferred either through direct issuance to directors or by converting cash compensation bonds for executive officers into shares. The valuation for the latter method is based on the closing price of Kyocera's stock on June 24, 2026, which was ¥3,517.
The distribution is aimed at incentivizing long-term growth and aligning interests with shareholders. Under the agreement, recipients cannot sell or pledge the shares until their respective service periods end, which range from July 24, 2026, to March 31, 2027. In case of significant accounting errors or major violations of laws and regulations, the company reserves the right to request the return of the shares.
Shares not released due to early termination will be acquired by the company without payment.
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