TOKYO, Mar 26 (Pulse News Wire) – Mikikogyo CO.,LTD. (1718.T) announced today that its board of directors held on March 26 approved a share repurchase plan involving restricted shares as part of executive compensation.
Under the plan, the company will repurchase 700 ordinary shares from three executives on April 24, 2026, at a price per share of ¥7,610. The purpose of the repurchase is to incentivize sustained corporate value growth and promote greater alignment between executives and shareholders. Each executive will contribute their cash compensation bonds totaling ¥5.3 million as equity capital to receive the restricted shares. The total number of restricted shares issued annually will be limited to 2,000, with adjustments made based on reasonable criteria if necessary due to extraordinary circumstances such as stock splits or mergers.
Additionally, the company will impose restrictions on transferring these shares until either the executive's tenure ends or the semi-annual report for the fiscal year in which the allocation was received is filed, whichever comes later. In case of early termination of the executive’s position, the company reserves the right to acquire the shares free of charge, except for valid reasons recognized by the board. The shares will be managed through dedicated accounts opened at designated securities firms, ensuring compliance with the imposed restrictions throughout the vesting period. The repurchase price is set at the closing price of Mikikogyo Co.'s ordinary shares on the Tokyo Stock Exchange on March 25, 2026, which was ¥7,610.
This pricing mechanism ensures fairness and transparency while avoiding preferential treatment.
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