TOKYO, Mar 13 (Pulse News Wire) – Lacto Japan CO.,LTD. (3139.T) announced today that its board of directors, held, resolved to distribute restricted shares worth over ¥1 billion on April 10, 2026.
The distribution involves transferring ordinary shares totaling 10,901 to four directors and five executive officers. Each share will be sold at a price of ¥3,660 per share, resulting in a total transaction value of ¥39.9 million. This move aims to enhance long-term shareholder value and incentivize management. Under the restricted stock award program introduced in January 2026, executives will hold these shares for a period of 30 years until April 9, 2056, subject to certain conditions.
The shares will be managed through a dedicated account at Nomura Securities during the restriction period to ensure compliance with the agreement's terms. In addition, should an executive retire due to normal retirement age, death, or other valid reasons, the restrictions on their shares will be lifted immediately upon leaving their position. The number of shares eligible for unrestricted transfer will be calculated based on the duration of service within the restriction period. Furthermore, Lacto Japan reserves the right to acquire any remaining restricted shares without compensation upon expiration of the restriction period or upon termination of employment.
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