Sanyo Industries Introduces Restricted Share Compensation Plan

TOKYO, May 11 (Pulse News Wire) – Sanyo Industries,ltd. (5958.T) announced today that its board of directors approved the introduction of a restricted share compensation plan aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.

The company plans to propose the new scheme at its annual general meeting scheduled for June 25, 2026. Under the new plan, eligible directors will receive either ordinary shares or cash-settled equity awards, subject to shareholder approval. The total amount of such rewards will be capped at ¥18 million per annum, excluding allowances for executive directors.

Additionally, the number of newly issued or transferred ordinary shares will be limited to 3,000 annually, adjusted based on split ratios or consolidation rates post-resolution date. The ordinary shares granted under this plan will be held in a dedicated account managed by Nomura Securities during a restriction period, prohibiting transfers or pledges until the end of the restriction period. Furthermore, subsidiaries' directors are also expected to adopt similar restricted share compensation schemes upon approval at the upcoming AGM.

This move underscores SANYO INDUSTRIES’ commitment to aligning executive incentives with shareholder interests while ensuring transparency and fairness in its governance structure.