Shinnihonseiyaku Co., Ltd. (JP:4931) has released an update.
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Shinnihonseiyaku Co., Ltd. has resolved to dispose of 9,420 treasury shares as part of a transfer-restricted stock compensation plan to incentivize directors to boost corporate value, aligning their interests with shareholders. The shares will be allocated to two directors at a price of 1,924 yen per share, totaling over 18 million yen. This initiative replaces the traditional retirement benefits system, aiming to enhance long-term company growth.
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