TOKYO, Jun 12 (Pulse News Wire) – Tokai Rika CO.,LTD. (6995.T) resolved today to issue restricted stock awards to its executives as part of its long-term incentive program aimed at enhancing corporate value.
The company plans to distribute ordinary shares worth a total of ¥106.4 million to three directors and seven executive officers on June 30, 2026. Each share will be priced at ¥2,864. Under the plan, the restricted stock will be subject to a holding period until the recipients cease their positions as directors, auditors, or executive officers.
Should any recipient resign during this period without valid reasons recognized by the board, the company reserves the right to reclaim the shares free of charge. Upon completion of the restriction period, the remaining shares will be freely tradable. Additionally, the company disclosed that it will file a temporary report with the Financial Instruments and Exchange Law concerning this issuance.
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