THE NIHON SEIMA CO.,LTD. [3306.T]
TOKYO, May 22 (Pulse News Wire) – THE Nihon Seima CO.,LTD. (3306.T) announced today that its board of directors approved the introduction of a restricted share compensation plan aimed at incentivizing executives and fostering greater value-sharing with shareholders.
The plan will be presented to shareholders at the upcoming annual general meeting scheduled for June 25, 2026. Under the new scheme, non-audit committee directors will receive restricted shares based on monetary compensation bonds, subject to shareholder approval. The total amount of such compensation will be capped at 8 billion yen annually, separate from existing cash remuneration limits. Each director will receive ordinary shares worth their respective bond payments, with restrictions lasting until they cease to hold their positions within the company.
Additionally, audit committee members will also benefit from a similar restricted share program, with individual compensation capped at 1 billion yen per annum. Both plans require directors to refrain from transferring or setting collateral rights on the allocated shares during designated periods. In certain circumstances, the company reserves the right to reclaim these shares without payment. The issuance price per share will be determined based on the closing price of Nihon Seima's ordinary shares on the Tokyo Stock Exchange prior to the board resolution date.
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