TOKYO, May 15 (Pulse News Wire) – Marui Group CO.,LTD. (8252.T) extended its stock grant-based incentive plan, known as the Employee Stock Ownership Plan (ESOP) Trust, through fiscal year 2029.
The board of directors approved the continuation of the program aimed at enhancing long-term performance and increasing enterprise value. Under the amended plan, the trust period will extend until August 31, 2029, covering three fiscal years from March 31, 2027 to March 31, 2029. The number of shares granted to eligible executives will be calculated based on cumulative points awarded annually, adjusted by a performance multiplier ranging from 0 to 110%.
Each point corresponds to one ordinary share of Marui Group, subject to adjustments due to events such as stock splits or consolidations. The trust contract involves Mitsubishi UFJ Trust and Banking Corporation as trustee, with additional provisions for changes and supplementary contributions during the extended term. Details on the additional contribution amount and share acquisition methods remain pending and will be disclosed once finalized.
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