TOKYO, Apr 23 (Pulse News Wire) – Shimano Inc. (7309.T) resolved to repurchase its own shares as part of a restricted stock compensation program during its board meeting held.
The company plans to distribute ordinary shares worth ¥16,855 per share to four directors and ten executive officers on May 8, 2026. The total value of the repurchased shares is expected to amount to ¥63.1 million. This initiative aims to incentivize long-term growth and enhance shareholder value alignment. Directors received 2,020 shares, while executive officers collectively received 1,726 shares. The shares come with restrictions until the recipients retire from their positions within the company.
Under the agreement, the shares will be managed through SMBC Nikko Securities Co., Ltd., and any transfers are prohibited until the end of the restriction period. In case of early retirement, the company reserves the right to reclaim the shares without compensation. The restriction period ends upon continuous service until the next annual shareholders' meeting or the completion of the fiscal year, depending on the individual's role. The repurchase price was determined based on the closing price of Shimano’s ordinary shares on the Tokyo Stock Exchange on April 22, 2026, which was set at ¥16,855. This valuation aligns with market conditions and does not offer preferential treatment.
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