NAKANISHI MFG. CO.,LTD. [5941.T]
TOKYO, Jun 26 (Pulse News Wire) – NAKANISHI MFG. CO.,LTD.
(5941.T) announced that it will distribute ordinary shares worth up to ¥14.2 million on July 24, 2026, to six directors as part of its incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders. Each share will be sold at ¥2,502 per share, based on the closing price of the company's stock on the Tokyo Stock Exchange on June 25, 2026. Under the new compensation system approved in May 2023 and ratified in June 2023, directors will contribute cash compensation of up to ¥60 million annually towards acquiring restricted shares.
The restrictions on transferring these shares will remain in place until the director leaves their position within the company or its subsidiaries, subject to adjustments based on specific circumstances. The agreement also includes provisions allowing the company to reclaim shares without payment if a director violates laws during the restriction period or fails to meet performance conditions set forth in the contract. Shares will be managed through a dedicated account at Nomura Securities Co., Ltd.
To ensure compliance with the restrictions.
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