TOKYO, Jun 26 (Pulse News Wire) – Nihon Dengi CO.,LTD. (1723.T) announced that its board of directors decided on June 26 to distribute restricted shares as part of its executive compensation program.
The distribution will take place on July 24, 2026, involving 4 executives receiving ordinary shares totaling 7,101. Each share will be priced at ¥2,296 per share, resulting in a total value of ¥16.3 million. This move aims to incentivize sustained growth and long-term corporate value enhancement among executives while fostering greater alignment with shareholders' interests.
Under the newly introduced restricted stock award system, which was approved during the company's 61st regular shareholders meeting held on June 26, 2020, executives receive annual monetary awards up to ¥30 million, convertible into restricted shares. The restriction period lasts until the executives step down from their positions. In addition, the company signed individual restricted stock grant agreements with each recipient, outlining conditions such as prohibitions against transferring or securing collateral rights over the shares during the restriction period.
Exceptions include circumstances where the company acquires the shares free of charge due to reasons like death or resignation, subject to board resolution.
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