TOKYO, Apr 30 (Pulse News Wire) – SMN Corporation (6185.T) announced today that its board of directors has approved the issuance of restricted shares to three executives as part of a value enhancement plan aimed at improving corporate value and fostering closer alignment with shareholders. The share distribution, set for May 29, 2026, involves issuing ordinary shares totaling 14,638.
Each share will be priced at ¥403 per share, resulting in a total valuation of ¥5.9 million. The shares will be subject to restrictions until May 29, 2026, or until the recipients cease their roles within the company or its subsidiaries. During this period, the shares cannot be transferred, pledged, or otherwise disposed of without approval. The primary objective of this initiative is to incentivize executive performance and promote greater value-sharing among management and shareholders.
In addition to the share grants, the company resolved to allocate a combined monetary compensation of ¥5.9 million to the designated executives. However, due to the total amount being less than 100 million yen, SMN is not required to file securities notifications or interim reports under the Financial Instruments and Exchange Act. --- Under the agreement, the shares will be managed through a dedicated account at Nomura Securities Co., Ltd., ensuring compliance with the imposed restrictions. Upon expiration of the restriction period, the company retains the right to acquire any unreleased shares free of charge.
Furthermore, in the event of significant organizational changes such as mergers or restructuring, the company reserves the authority to adjust the release conditions based on the specifics of the transaction.
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