TOKYO, Jun 23 (Pulse News Wire) – Yamatane Corporation (9305.T) approved restricted share awards totaling ¥26.7 million for its executives and directors. The awards will be distributed on June 23, 2026 to three directors, six executive officers, and eleven subsidiary directors, amounting to 13,114 ordinary shares.
Each share will be valued at ¥2,038 per share. The purpose of these awards is to align the interests of management with shareholders by encouraging contributions to stock price appreciation and corporate value enhancement. The restrictions on these shares will last until the recipients retire or resign from their positions within the company or its subsidiaries. Additionally, Yamatane's board decided on the conditions for lifting the restrictions on these shares.
Restrictions will be lifted upon continuous service throughout the restriction period, except in cases where the recipient retires or resigns prematurely due to reasons deemed valid by the board. In such cases, a portion of the shares will be forfeited based on the duration of employment. The company also outlined procedures for managing these shares, requiring recipients to hold the shares in designated accounts managed by SMBC Nikko Securities until the restrictions are lifted. Furthermore, provisions were made for handling organizational restructuring scenarios, ensuring that appropriate adjustments would be made to the award conditions during mergers or similar events affecting the company’s structure.
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