TOKYO, May 12 (Pulse News Wire) – OHashi Technica Inc. (7628.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.
Under the plan, eligible directors will receive monetary claims convertible into shares subject to certain restrictions. The total amount of monetary claims granted annually will be capped at ¥50 million (excluding allowances for executive directors). Additionally, the number of ordinary shares issued or disposed of per year will be limited to 50,000.
Payment of these claims will require shareholder approval at the upcoming 74th Annual General Meeting scheduled for June 24, 2026. Furthermore, the company plans to introduce similar restricted share compensation arrangements for non-executive officers and employees with specific qualifications contingent upon the approval of the aforementioned plan at the annual meeting. Detailed implementation timelines and distribution specifics will be determined through consultation with the Nomination and Remuneration Committee and subsequent board resolution.
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