TOKYO, Mar 19 (Pulse News Wire) – ONO Sokki CO.,LTD. (6858.T) announced today that its board of directors approved the distribution of restricted shares to seven directors and ten executive officers.
The share distribution, set for April 16, 2026, involves issuing 69,700 ordinary shares at a price of ¥862 per share, totaling ¥59.95 million. The restricted shares are part of a new compensation system introduced in February 2023 aimed at incentivizing long-term value creation and aligning interests with shareholders. Each recipient will hold the shares subject to restrictions until April 1, 2027, during which time they cannot be transferred, pledged, or otherwise disposed of without approval. Upon completion of their service period, the restrictions will lift gradually based on tenure.
Under the agreement, ONO SOKKI retains the right to repurchase untransferred shares at the end of the restriction period. Shares will be managed through a dedicated account at Daiwa Securities Co., Ltd. during the restriction period. In case of organizational restructuring, the lifting of restrictions could occur earlier based on board resolution.
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