Source disclosure: January 26, 2026
NAGAWA CO.,Ltd [9663.T]
TOKYO, Jan 26 (Pulse News Wire) – Nagawa Co.,ltd (9663.T) resolved at its board meeting held, to grant restricted share awards to 45 employees. The shares, totaling 4,500 ordinary shares, will be distributed on March 27, 2026, at a price of ¥6,220 per share, resulting in a total distribution amount of ¥28.0 million.
Each employee will receive 4,500 shares as part of their compensation, funded through a cash payment from the company. The purpose of this award is to incentivize employees who meet certain criteria set forth in the company's incentive program aimed at sustaining corporate value and fostering greater alignment between employees and shareholders. Under the agreement, employees will hold these shares until March 27, 2036, subject to restrictions during which time they cannot sell or pledge the shares without losing their employment status with the company. Additionally, the company will enter into a restricted stock grant agreement with each recipient.
Should an employee lose their position due to retirement, promotion, death, or other valid reasons before the end of the restriction period, the company reserves the right to lift the restrictions immediately. During the restriction period, if an employee leaves the company, the company will acquire the restricted sharesly. In cases of significant organizational changes such as mergers or spin-offs approved by the board, the company may also lift restrictions early based on reasonable judgment. The restricted shares will be managed in dedicated accounts opened at Mitsubishi UFJ Morgan/Stanley Shouken Kabushiki Kaisha to ensure compliance with the restrictions.
The issuance price was determined based on the closing price of Nagawa Co.,ltd's ordinary shares on the Tokyo Stock Exchange on January 23, 2026, ensuring fairness and avoiding preferential pricing.
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