Yamaichi Electronics to Distribute Restricted Shares to Executives on July 24

TOKYO, Jun 25 (Pulse News Wire) – Yamaichi Electronics CO.,LTD. (6941.T) resolved to distribute restricted shares to four executives on June 25, 2026, according to a resolution made during the board meeting held on June 25, 2026.

The distribution involves ordinary shares totaling 8,800 and will be valued at ¥9,930 per share, resulting in a total amount of ¥87.4 million. This move aims to incentivize long-term performance and enhance shareholder value alignment among the targeted directors. Under the restricted stock compensation program approved by shareholders in June 26, 2022, and further detailed in the June 28, 2023 annual general meeting, the company grants restricted shares based on monetary rewards up to ¥90 million annually.

Each executive will receive ordinary shares worth 8,800 in exchange for their respective principal monetary awards totaling ¥87.4 million. The restricted period for these shares begins on June 25, 2026 and ends upon the director's departure from predefined positions within the company. Specific conditions for lifting restrictions include continuous service until the next regular shareholders' meeting and adherence to non-transferability clauses during the restriction period.

In case of misconduct or breach of contract terms, the company reserves the right to reclaim the shares without compensation.