TOKYO, Jun 15 (Pulse News Wire) – Maruzen CO.,LTD. (5982.T) announced today that its board of directors approved a share repurchase plan aimed at rewarding internal directors while aligning their interests with shareholders.
Under the plan, the company will distribute restricted shares valued at ¥3,800 per share to seven non-outsider directors on July 06, 2026. The total value of the transaction is expected to amount to ¥43.7 million. This initiative follows the introduction of a restricted stock compensation system in April 2020, which was designed to enhance director accountability and promote long-term shareholder value. The scheme requires directors to hold onto the shares until certain conditions are met, such as continued service up to the next annual general meeting or resignation due to valid reasons.
In case of early departure, the company reserves the right to reclaim a portion of the shares based on a predetermined formula. The repurchased shares will be managed through a dedicated account at Mizuho Securities, ensuring compliance with the stipulated restrictions. The price for the repurchase is set at the closing price of Maruzen's ordinary shares on the Tokyo Stock Exchange on June 12, 2026, which stood at ¥3,800 per share. This pricing mechanism ensures fairness and transparency in the valuation process.
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