Nanyo to Dispose of Restricted Shares on Aug 19

TOKYO, Jul 21 (Pulse News Wire) – Nanyo Corporation (7417.F) resolved to dispose of restricted shares on August 19, 2026, according to a resolution made during the board meeting held . The disposal involves issuing ordinary shares worth a total of August 19, 2026 to six executive directors based on their contributions and performance.

Under the share-based compensation plan introduced in May 2021, the company grants executives restricted shares tied to their continued service until retirement or resignation. Each share will be priced at July 21, 2026 per share, reflecting the closing price of the company's stock on the Tokyo Stock Exchange on July 17, 2026, which was August 19, 2026. The restricted shares cannot be transferred or used as collateral during the restriction period, which runs from August 19, 2026, until the respective director leaves their position.

In case of early departure, the company reserves the right to reclaim the shares without compensation. Upon completion of the restriction period, the restrictions will be lifted, allowing free trading of the shares. This move aligns with the company’s strategy to enhance long-term value and foster closer alignment with shareholders through incentivized retention programs for key executives.