TOKYO, May 22 (Pulse News Wire) – S.ishimitsu&co.,ltd. (2750.T) announced today that its board of directors has approved the distribution of restricted shares as part of a performance-based compensation plan.
The company plans to distribute ordinary shares worth a total of ¥15.8 million on June 19, 2026, to five executive officers who are not outside directors. Each share will be priced at ¥1,256 per share, totaling 12,561 shares. This initiative aims to incentivize executives to enhance long-term corporate value while fostering greater alignment with shareholders' interests.
Under the program, executives will hold these shares until their retirement, subject to certain conditions and restrictions outlined in individual agreements with the company. These agreements stipulate that executives cannot sell, pledge, or otherwise dispose of the shares during the restriction period, which begins on the payment date and ends upon their departure from the position of director. In addition, the company retains the right to acquire the shares without compensation under specific circumstances, such as the death or resignation of the executive during the restriction period.
Detailed management arrangements for these shares will be handled through special accounts managed by Nomura Securities Co., Ltd., ensuring compliance with the terms of the agreements.
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