TOKYO, Jun 24 (Pulse News Wire) – Tomoku CO.,LTD. (3946.S) announced that its board of directors approved the disposal of restricted shares as part of its equity compensation program.
The shares will be distributed on July 10, 2026 to six directors and fifteen executives. Each share will be valued at ¥3,775, resulting in a total distribution amount of ¥111.0 million. Additionally, two key subsidiary representatives will also receive shares worth 1,000. The purpose of this program, initiated at the company's 83rd ordinary shareholders' meeting held on June 23, 2022, is to align executive interests with shareholder value through shared risk and reward tied to stock price performance.
Directors and executives will hold these shares until their positions terminate, subject to restrictions preventing transfers during this period. Any untransferred shares will revert to the company upon termination of service. Furthermore, the company disclosed that the valuation of the shares was based on the closing price of TOMOKU’s common stock on the Tokyo Stock Exchange on June 23, 2026, which was set at ¥3,775. This ensures a fair and non-preferential pricing mechanism for the award distribution.
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