Source disclosure: February 25, 2026, 16:00 JST
S&J Corporation [5599.T]
TOKYO, Feb 25 (Pulse News Wire) – S&J Corporation (5599.T) announced today that its board of directors has approved the distribution of restricted shares as part of a stock compensation program. The company plans to distribute ordinary shares totaling 5,800 on March 27, 2026, at a price of ¥1,420 per share, amounting to a total value of ¥8.2 million.
The shares will be allocated to 17 executives and employees who will receive a total of 5,800 shares through the conversion of cash bonds worth ¥8.2 million. This initiative aims to incentivize long-term growth and enhance shareholder value by aligning employee interests with those of shareholders. Under the restricted share allocation agreement, recipients cannot sell, pledge, or otherwise dispose of their shares until March 26, 2031. However, restrictions will be lifted upon completion of their tenure as officers or employees during the restriction period, subject to certain conditions such as death or resignation due to valid reasons recognized by the board. Additionally, the company will acquire any untransferred shares free of charge once the restriction period ends.
During the restriction period, the shares will be managed in dedicated accounts opened at Okasan Securities Co., Ltd. to prevent unauthorized transactions. In cases of corporate restructuring, the board reserves the right to lift restrictions on a pro-rata basis based on the duration of employment within the restriction period. The valuation of the distributed shares is based on the closing price of S&J's ordinary shares on the Tokyo Stock Exchange on February 24, 2026, which was set at ¥1,420. This pricing reflects recent market conditions and ensures fairness, avoiding any undue advantage for the recipients.
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