Techno Smart Corp. Grants Performance Shares to Executives

TOKYO, Jul 17 (Pulse News Wire) – Techno Smart Corp. (6246.T) resolved at a July 17 board meeting to distribute its own shares to executives based on performance share units.

The distribution involves ordinary shares worth a total of ¥40.0 million and will take place on August 7, 2026. Seven executives, including two who have since retired, will receive the shares. Under the performance-based equity compensation system introduced in May 2023, eligible executives must meet certain criteria during their tenure to qualify for the shares.

The evaluation period spans fiscal years 2024 through 2026, corresponding to the third medium-term management plan published on March 24, 2023. The total number of shares distributed cannot exceed 40,000, and the monetary value cannot surpass ¥70 million. Share delivery will occur after calculating the final allocation based on executive roles and performance metrics set by the board.

Executives will exchange cash awards for the shares, with the payment amount determined by the closing stock price on July 16, 2026.