SANKI ENGINEERING CO.,LTD. [1961.T]
TOKYO, Jun 24 (Pulse News Wire) – Sanki Engineering CO.,LTD. (1961.T) resolved to distribute restricted shares worth over ¥1 billion among its executives and board members on July 23, 2026.
The distribution includes ordinary shares valued at ¥3,025 per share, totaling 487.0 million shares. Recipients include seven internal directors, five external directors, 32 non-executive officers who do not hold director positions, and two internal auditors, along with three external auditors receiving 2,000 shares each. This move follows the implementation of a restricted stock compensation system approved during previous shareholder meetings in 2022 and 2025.
Under this system, recipients must hold the shares until their respective roles end within the stipulated period, barring exceptional circumstances such as retirement due to age or term limits. Any breach of these conditions could result in the company reclaiming the shares without compensation. The shares will be managed through a dedicated account at Nomura Securities to ensure compliance with restrictions on transfers and pledges.
This ensures the effectiveness of the incentive program aimed at aligning executive interests with long-term corporate value enhancement.
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