Source disclosure: March 02, 2026, 15:00 JST
Published by Pulse News Wire: March 02, 2026, 15:07 JST
SANYEI CORPORATION [8119.T]
TOKYO, Mar 02 (Pulse News Wire) – Sanyei Corporation (8119.T) resolved to distribute restricted shares worth ¥4,587,408 on April 6, 2026, according to a resolution made during its board meeting held. The distribution involves transferring 5,166 ordinary shares at ¥888 per share to seven directors of domestic subsidiaries.
The move aims to incentivize long-term growth and align interests among executives and shareholders through a restricted stock compensation program. Directors receiving the shares are subject to holding restrictions until their departure from their positions.
In certain circumstances, such as criminal conviction or resignation prior to December 2026, Sanyei reserves the right to reclaim the shares without payment. Under the agreement, shares will be managed in dedicated accounts with SMBC Nikko Securities to ensure compliance with transfer restrictions.
Any organizational restructuring affecting Sanyei would lead to adjustments in the number of shares eligible for unrestricted transfer based on the duration of the restriction period.
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