Kanamoto to Grant 29,700 Treasury Shares as Long-Term Restricted Stock Compensation

Kanamoto Co ( (JP:9678) ) has issued an update.

Kanamoto Co., Ltd. has resolved to dispose of 29,700 shares of its treasury stock as restricted stock compensation to six internal directors, ten corporate officers, and 26 administrative officers and other employees, at a price of 3,915 yen per share, for a total value of 116,275,500 yen. This move forms part of a long-term restricted stock compensation plan introduced in 2020–2021 to better align management and employee incentives with shareholder interests, with a notably long transfer restriction period of 30 years aimed at fostering sustained value-sharing and retention of key personnel. The granted shares will be acquired through monetary compensation claims contributed in kind, are subject to strict transfer and clawback conditions, and will be forfeited without charge if eligibility or compliance requirements are not met, underscoring the company’s emphasis on governance, performance continuity, and long-term commitment from its leadership and core staff.

The most recent analyst rating on (JP:9678) stock is a Buy with a Yen4500.00 price target. To see the full list of analyst forecasts on Kanamoto Co stock, see the JP:9678 Stock Forecast page.

More about Kanamoto Co

Kanamoto Co., Ltd., listed on the Tokyo Stock Exchange Prime Market and the Sapporo Stock Exchange under stock code 9678, operates in Japan’s construction-related services sector, primarily through the provision and management of construction equipment and related solutions. The company targets infrastructure and construction markets across Japan, positioning itself as a key service provider to contractors and developers.

Average Trading Volume: 102,901

Current Market Cap: Yen153B

For detailed information about 9678 stock, go to TipRanks’ Stock Analysis page.