ShinMaywa Industries,LTD. [7224.T]
TOKYO, Jun 25 (Pulse News Wire) – Shinmaywa Industries,ltd. (7224.T) announced that its board of directors decided to distribute restricted shares worth over ¥1 billion among executives and key employees on July 24, 2026.
The distribution includes 39,474 ordinary shares, each valued at ¥2,047. A total of 39,474 shares will be distributed, amounting to a total value of ¥80.8 million. Recipients include three directors, 16 executive officers without director roles, and seven group company directors. This move follows the implementation of the company's Restricted Share (RS) program aimed at incentivizing long-term performance and aligning interests with shareholders.
The RS program was introduced in May 2020 and further refined in May 2022 to tie rewards more closely to performance goals. Additionally, the company approved the issuance of restricted shares based on monetary compensation bonds up to ¥50 million per annum for non-outsider directors during its 101st regular general meeting held on June 24, 2025. Under the agreement, recipients cannot sell or pledge their shares until they leave their positions within the company or its affiliates. Restrictions will lapse upon continuous service through the next annual shareholder meeting or the end of the fiscal year, whichever comes later, barring early termination due to legal violations or other stipulated conditions.
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