TOKYO, Jun 26 (Pulse News Wire) – Yurtec Corporation (1934.T) resolved to repurchase shares for executives on June 26, 2026. The repurchase, set for July 24, 2026, involves issuing 25,474 ordinary shares at a price of ¥2,406 per share, totaling ¥61.3 million.
The shares will be distributed among four non-audit committee directors and 19 executive officers who do not hold director positions. This action follows the introduction of a restricted stock compensation program in March 2022 aimed at incentivizing long-term value creation and enhancing shareholder alignment. Under this program, executives receive restricted shares based on their performance and contributions to the company.
The shares come with restrictions until the recipients complete their service period, which ends upon leaving their designated roles. The repurchase agreement includes conditions such as prohibiting transfers during the restriction period and allowing the company to reclaim shares without payment if certain violations occur. Additionally, the shares will be managed through a dedicated account at Nomura Securities to ensure compliance with the restrictions.
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