Hiday Hidaka Corp.
Notice Regarding Introduction of Restricted Stock Compensation Plan
Introduced a restricted stock compensation plan for directors with up to 20,000 shares annually and a compensation limit of up to 50 million yen per year. Planned to be submitted to the shareholders’ meeting on May 26, 2026.
Key Figures
- Number of restricted shares to be issued or disposed: Up to 20,000 shares per year
- Restricted stock compensation limit: Up to 50 million yen annually
- Directors’ cash compensation fluctuation limit: Within 0.5% of operating income (cap 50 million yen)
AI要約
Purpose and Overview of Introduction of Restricted Stock Compensation Plan
Hidei Hidaka Co., Ltd. resolved to introduce a restricted stock compensation plan as part of its review of the directors’ remuneration system, aiming for sustainable enhancement of corporate value and sharing value with shareholders. Under this plan, common shares will be issued or disposed of to eligible directors either as free allotment or by contribution in kind, with the transfer restriction period set from the grant date until the director’s loss of position. The number of shares issued is limited to 20,000 shares annually and the compensation limit to 50 million yen per year, subject to shareholder meeting approval.
Matters Submitted to the Shareholders’ Meeting and Change to Compensation Limit
Approval of the compensation limit related to this plan will be sought at the 48th Annual General Meeting of Shareholders scheduled for May 26, 2026. Previously, the directors’ cash compensation fluctuation limit was within 3% of net income; the proposed change will limit it to within 0.5% of operating income. Grants of restricted stock will be made separately from the cash compensation limit, aimed at achieving medium- to long-term sharing of shareholder value.
Hidei Hidaka Co., Ltd.
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