TOKYO, Jun 24 (Pulse News Wire) – Shofu Inc. (7979.T) announced that its board of directors, held, approved the distribution of restricted shares as part of its incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.
Under the plan, the company will distribute ordinary shares worth a total of ¥52.7 million among five internal directors and nine executive officers on July 13, 2026. Each share will be valued at ¥1,999. The restricted shares cannot be transferred or used as collateral during the restriction period from July 13, 2026, until July 12, 2056.
Additionally, the company resolved to grant a combined monetary compensation of ¥52.7 million to the recipients as a condition for accepting the restricted stock awards. The purpose of this initiative is to incentivize continuous performance improvement and align interests with shareholders. In related developments, the company also outlined the management of these restricted shares through individual agreements with Nomura Securities Co., Ltd., ensuring compliance with restrictions throughout the holding period.
Upon expiration of the restriction period, the company reserves the right to acquire any remaining restricted shares without payment, subject to certain conditions detailed in the agreement.
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