TOKAI CARBON CO.,LTD. [5301.T]
TOKYO, Apr 02 (Pulse News Wire) – Tokai Carbon CO.,LTD. (5301.T) revised its previous notice regarding the allocation of restricted stock awards to executives.
The initial announcement made on March 27 contained errors which have now been corrected. Under the revised plan, the company will distribute ordinary shares totaling 40,440 on April 17, 2026. Each share will be allocated at a price of ¥1,000 per share, resulting in a total distribution value of ¥404.40 million. The recipients include five directors excluding outside and overseas-based internal directors.
The purpose of this allocation remains unchanged—to enhance executive motivation while aligning their interests with shareholder value over the long term. The restriction period for these shares is set at 30 years. In addition to the stock allocations, the company also plans to grant monetary compensation bonds worth ¥200 million to the executives. This move underscores the company's commitment to fostering a culture of shared value creation among its leadership team.
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