YAKULT HONSHA CO.,LTD. [2267.T]
TOKYO, May 12 (Pulse News Wire) – Yakult Honsha CO.,LTD. (2267.T) announced today that its board of directors resolved to introduce a new performance-linked equity compensation plan effective August 2026.
The plan, which replaces the existing stock option program, requires shareholder approval at the upcoming annual general meeting scheduled for June 24, 2026. Under the new system, the company will establish a trust fund to purchase shares based on cash contributions. These shares will be distributed to eligible executives according to their roles and performance metrics. Non-performance linked grants will be made annually while performance-based grants will occur post-measurement periods ending in March 2027 through 2031.
Executives receiving shares will enter into lock-up agreements prohibiting transfers until retirement. The total number of points granted per executive per fiscal year will cap at 350,000, with individual allocations determined by position and performance criteria. Shares held in the trust will not exercise voting rights to ensure neutrality in corporate governance. In addition, the trust will manage dividend payments received from the shares, allocating funds towards share purchases and trustee fees.
Upon termination of the trust due to reasons such as delisting or revocation of the scheme, remaining assets will be returned to the company or distributed among active executives based on their point holdings.
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