Nippon Crucible Co.,Ltd. [5355.T]
TOKYO, Jun 25 (Pulse News Wire) – Nippon Crucible CO.,LTD. (5355.T) announced that it will distribute restricted shares to seven employees on August 6, 2026.
The company's board of directors decided to issue 2,000 ordinary shares at a price of ¥670 per share, totaling ¥1.3 million. The distribution aims to align employee interests more closely with those of shareholders by allowing employees to own company stock. This initiative was approved during a board meeting held on August 7, 2025, as part of a restricted stock compensation program designed to enhance long-term value creation and incentivize contributions towards increasing the company’s equity value. Under the program, employees will receive principal monetary claims amounting to ¥1.3 million from the company. In exchange, these employees will contribute their principal monetary claims as capital assets to acquire the allocated shares.
The shares will be subject to a restriction period from August 6, 2026, until the employees' departure from the company. During this period, the shares cannot be transferred, pledged, or gifted. In addition, the restrictions will be lifted upon the completion of the employment term within the designated period, or immediately following retirement due to legitimate reasons or death. Should any untransferred shares remain at the end of the restriction period, the company reserves the right to acquire them. For management purposes, employees will open dedicated accounts with Mizuho Securities Co., Ltd., as specified by the company, to hold the restricted shares until the lifting of restrictions.
🟢 Confidence: High AI-translated content.