Mitsubishi Logistics Corporation [9301.T]
TOKYO, Jun 26 (Pulse News Wire) – Mitsubishi Logistics Corporation (9301.T) announced that its board of directors held, approved the repurchase of its own shares as part of a restricted share compensation program. The repurchase involves distributing ordinary shares worth up to ¥117.7 million to five directors and twelve executive officers.
Key details of the transaction include: - Payment date: July 21, 2026 - Number of shares: 78,913 - Price per share: ¥1,492 The purpose of this program is to incentivize long-term value creation and enhance shareholder value while fostering closer alignment with stakeholders. Directors received a total of ¥117.7 million in monetary compensation which was converted into restricted shares.
Under the agreement, recipients cannot sell or pledge these shares until their respective roles end. Restrictions will lift upon continuous service through the next annual shareholders' meeting or earlier due to death or valid reasons recognized by the board.
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