Sakurajima FUTO Kaisha Futokaisha to Issue Restricted Shares to Executives

TOKYO, Jun 25 (Pulse News Wire) – Sakurajima Futo Kaisha,ltd. (9353.T) resolved at today’s board meeting to issue restricted shares as part of its stock-based compensation program.

The company plans to distribute ordinary shares worth a total of ¥17.3 million on July 24, 2026, to five executive directors. Each share will be priced at ¥2,840 per share, with restrictions prohibiting transfers until the executives lose their positions as directors. Under the terms agreed upon during the resolution, the restricted shares cannot be transferred, pledged, or otherwise disposed of during the restriction period from July 24, 2026, to the date the executives cease serving as directors.

Additionally, the company retains the right to reclaim the shares free of charge should the executives leave their roles prematurely due to death or other valid reasons recognized by the board. The issuance price was determined based on the closing price of Sakurajima Futokaisha's ordinary shares on the Tokyo Stock Exchange on June 24, 2026, which stood at ¥2,840 per share. This pricing mechanism ensures fairness and reflects the company's market valuation accurately without favoring the recipients unduly.