TOKYO, May 20 (Pulse News Wire) – Nakamuraya CO.,LTD. (2204.T) announced today that its board of directors has approved the introduction of a restricted share compensation plan aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.
The plan, which requires shareholder approval at the upcoming 105th Annual General Meeting scheduled for June 26, 2026, would allow eligible directors to receive ordinary shares subject to vesting restrictions either through (free delivery method) or (cashless subscription method). Under the proposed scheme, up to 20,000 shares ordinary shares could be granted annually within the existing monetary remuneration framework for directors. The total value of shares issued via both methods would be capped at ¥50 million per annum.
Directors would be prohibited from transferring or encumbering their vested shares until they cease to hold their positions as defined by the company’s board. Additionally, the company plans to extend similar provisions to its executive officers contingent upon shareholder endorsement. NakamuraYa's current annual cap for director remuneration stands at 240,000 thousand yen, excluding allowances for concurrently serving executives.
The proposal seeks to allocate a portion of this limit towards the new compensation structure while ensuring transparency and fairness in valuation methodologies.
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