TOKYO, May 28 (Pulse News Wire) – Toho Co.,ltd (9602.T) announced today that its board of directors approved the issuance of restricted share awards to four directors and 14 executive officers. The shares will be distributed on June 26, 2026, comprising 73,756 ordinary shares valued at ¥1,224 per share, totaling ¥90.3 million.
This distribution follows the company's long-term incentive plan aimed at enhancing shareholder value and fostering greater alignment with stakeholders. The shares come with restrictions prohibiting transfers until the recipients cease their roles as either directors or executive officers.
Additionally, the company retains the right to reclaim shares or seek compensation if significant accounting errors or violations occur during the tenure of the recipients. In related matters, the shares will be managed through a dedicated account at Daiwa Securities Co., Ltd., ensuring compliance with the imposed restrictions.
The company also outlined conditions under which the restrictions could be lifted early due to organizational restructuring or other exceptional circumstances.
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