TOKYO, Jun 25 (Pulse News Wire) – Workman CO.,LTD. (7564.T) resolved at its board meeting held on June 25, 2026 to distribute restricted shares as part of its incentive program aimed at enhancing long-term corporate value and fostering closer ties with shareholders.
Under this resolution, the company plans to issue ordinary shares totaling 2,738 to three directors, three executive officers, and eight employees with managerial positions on July 24, 2026. The distribution price per share is set at ¥6,760. The total amount of the issuance is ¥18.5 million. Directors will receive their shares without monetary compensation, while executives and employees will exchange cash bonds worth ¥7.0 million for the shares.
The restricted period for these shares begins on July 24, 2026 and ends upon the recipient's departure from their respective roles or completion of a two-year service term, whichever comes later. During this period, recipients cannot sell, pledge, or otherwise dispose of the shares. Upon successful completion of the service term, restrictions will be lifted entirely. This initiative follows the approval granted during the company’s 44th regular general meeting on June 26, 2025, which allowed for annual restricted share awards up to 10,000 shares shares and total remuneration of ¥50 million.
The issuance represents less than 0.003% of the outstanding shares as of March 31, 2026, resulting in a negligible dilution rate.
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