TOKYO, Jun 25 (Pulse News Wire) – VIS Co.ltd. (5071.T) announced today that its board of directors approved the issuance of new shares as part of a performance-based equity compensation plan.
The issuance, scheduled for July 22, 2026, involves the distribution of ordinary shares totaling 13,000 to three executives. The fair value per share was determined based on the closing price of VIS's ordinary shares on the Tokyo Stock Exchange on June 26, 2025, which was ¥1,239, resulting in a total valuation of ¥16.1 million. This move aligns with the company’s strategy to enhance alignment between executive remuneration and company performance, aiming to incentivize sustained growth and promote shared value creation among executives and shareholders.
The issuance adheres to previously approved limits set during the regular general meeting held on June 23, 2023, capping the annual issuance amount within 60,000 shares and monetary value within ¥60 million. Under the newly implemented performance-linked restricted stock award system, the number of shares awarded is contingent upon achieving predetermined operating profit targets over the fiscal year ending March 31, 2026. Shares granted under this scheme will carry restrictions on transfer until the end of the evaluation period, with conditions for lifting such restrictions outlined in individual agreements between the company and participating executives.
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