Kyokuto Kaihatsu Kogyo Kyodo Development Completes Restricted Share Disposition

TOKYO, Jul 21 (Pulse News Wire) – Kyokuto Kaihatsu Kogyo CO.,LTD. (7226.T) completed the payment procedures related to the disposition of restricted shares as part of share-based compensation.

The transaction involved the issuance of ordinary shares totaling 28,260 at a price of ¥2,101 per share, resulting in a total amount of ¥59.4 million. The shares were distributed among five directors who are neither audit committee members nor outside directors, sixteen executive officers who do not concurrently hold director positions, and seventeen directors of domestic affiliated companies. Additionally, six executive officers without concurrent director roles at domestic affiliated companies also received shares.

The detailed breakdown of recipients and their respective allocations can be found in the company's previous announcement dated June 24, 2026. This move underscores Kyodo Development’s commitment to aligning executive remuneration with long-term shareholder value through restricted stock awards. The completion of the payment procedures signifies the final step in implementing the approved share-based compensation plan decided upon during the board meeting held on June 24, 2026.