TOKYO, Jun 16 (Pulse News Wire) – MK Seiko CO.,LTD. (5906.T) announced today that its board of directors held on June 16, 2026 approved the disposal of restricted shares as part of its share-based compensation program.
The company plans to dispose of ordinary shares totaling 21,171 on July 15, 2026 at a price of ¥756 per share, resulting in a total amount of ¥16.0 million. This program aims to incentivize continued performance improvement and align interests between management and shareholders. Under the scheme, eligible executives and directors will receive restricted shares based on their performance and responsibilities.
The shares will be subject to a restriction period from July 15, 2026 until July 14, 2076, during which they cannot be transferred, pledged, or otherwise disposed of without approval from the company's board. In addition, the company noted that should the restrictions not be lifted within this period, the shares would be acquired by the company free of charge. The allocation and distribution of these shares will be decided annually by the board, taking into account various factors such as the company’s performance and individual executive roles.
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