TOKYO, May 21 (Pulse News Wire) – Tabio Corporation (2668.T) resolved today to issue restricted shares as part of its compensation plan. The company's board meeting decided to distribute 15,744 ordinary shares valued at ¥1,251 per share, totaling ¥19.7 million.
The distribution will take place on June 18, 2026, to six directors and one auditor. Directors will receive up to ¥25 million worth of cash-based compensation annually, while auditors will get up to ¥5 million. This initiative stems from a resolution made during the April 9, 2019 board meeting aimed at incentivizing long-term value creation and aligning interests with shareholders.
The restricted period lasts until the director or auditor leaves their position, with conditions set for lifting restrictions based on continued service through fiscal year-end 2027. Share management will occur via dedicated accounts at Daiwa Securities Co., Ltd., ensuring compliance with transfer limitations. The issuance price was determined based on the closing price of Tabio’s stock on the Tokyo Stock Exchange on May 20, 2026, which was ¥1,251.
This ensures fairness and reflects the company's valuation accurately without favoring recipients.
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