Takada to Distribute Restricted Shares to Executives on July 24

TOKYO, Jun 26 (Pulse News Wire) – Takada Corporation (1966.F) announced plans to distribute restricted shares to executives on July 24, 2026. The distribution involves ordinary shares totaling 15,479 and a per-share price of ¥1,725.

The total value of the share distribution is ¥26.7 million. Recipients include seven non-outsider directors and nine executive officers who do not concurrently hold director positions. This initiative stems from a resolution made during a board meeting held on May 13, 2024, aimed at incentivizing long-term growth and fostering greater alignment with shareholders.

Under the newly introduced restricted stock compensation system, eligible executives received monetary awards up to ¥100 million annually and ordinary shares up to 30,000 annually, subject to restrictions lasting between three and fifty years. The latest distribution follows comprehensive evaluation considering various factors such as the company's performance, individual roles, and market conditions. As part of the agreement, recipients will deposit the entire monetary award as capital contribution and receive ordinary shares based on the closing price of Takada’s stock on June 25, 2026, which was set at ¥1,725.

Restrictions on transferring these shares will remain in place until July 23, 2076, barring certain exceptions outlined in the contract, including continued service requirements and potential forfeiture due to misconduct.