TOKYO, Jun 19 (Pulse News Wire) – Moriya Corporation (1798.T) announced today that its board of directors has approved the distribution of restricted shares as part of its equity incentive program. The distribution will take place on July 17, 2026, involving ordinary shares worth a total of ¥13.7 million.
Under the program, six executives will receive a total of 13,310 ordinary shares, with each share valued at ¥1,031. Additionally, four senior managers will also participate in the scheme. The shares will be subject to a restriction period lasting until July 16, 2056, aimed at aligning executive interests with shareholder value. The company introduced this restricted stock plan in May 2018 to incentivize performance and promote alignment between management and shareholders.
Each participant's allocation is based on their responsibilities and contributions to the company’s growth. In accordance with the agreement, the shares cannot be transferred during the restriction period unless certain conditions are met, such as continued service as an officer or director. Upon expiration of the restrictions, the shares will either be freely tradable or repurchased by the company without compensation. This initiative underscores Moriya Corporation's commitment to fostering long-term value creation through strategic employee incentives.
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