TOKYO, May 26 (Pulse News Wire) – Shochiku CO.,LTD. (9601.T) resolved today to distribute restricted shares as part of its incentive program.
The company's board approved the issuance of ordinary shares totaling 3,592 to five directors and eight senior executives on June 26, 2026, at a price of ¥10,230 per share, amounting to a total value of ¥36.7 million. This distribution follows the introduction of a restricted stock compensation system aimed at enhancing long-term corporate value and fostering greater alignment with shareholders' interests. Directors received their grants based on monetary compensation worth ¥36.7 million, while senior executives received 3,592 shares.
Each recipient agreed to hold these shares until their respective positions within the company are vacated, with restrictions lifted upon continuous service through the next annual general meeting or earlier under certain conditions. Under the agreement, the shares will be managed in special accounts opened at Daiwa Securities during the restriction period. In case of organizational restructuring, such as mergers or spin-offs, the lifting of restrictions would depend on the duration of employment during the restructuring approval period.
The grant price was determined based on the closing price of Shochiku’s ordinary shares on the Tokyo Stock Exchange on May 25, 2026, ensuring fairness and reflecting the company's recent valuation accurately.
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