TOKYO, Jun 17 (Pulse News Wire) – THE Yonkyu CO.,LTD. (9955.T) announced today that its board meeting held, resolved to issue restricted share awards as part of its incentive program.
Under this program, seven directors will receive ordinary shares totaling 11,849 based on deferred compensation bonds worth ¥30.6 million. The issuance price per share is set at ¥2,579, resulting in a total issuance amount of ¥30.6 million. Payment for these shares is due on July 16, 2026.
Additionally, the company entered into individual restricted stock award agreements with each director, stipulating a three-year holding period during which the shares cannot be transferred, pledged, or otherwise disposed of without approval. Under the agreement, the company retains the right to repurchase untransferred shares free of charge upon expiration of the restriction period. Furthermore, should a director cease their position due to death, retirement, or other valid reasons within the restriction period, the company will lift restrictions proportionally based on tenure served.
This initiative aims to enhance long-term corporate value and align interests between management and shareholders through structured incentives tied to performance and continued service.
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