Japanese technology company Kyocera Corporation, which is listed on the Tokyo Stock Exchange, will celebrate its 60th anniversary with a $40.61 million share pay-out to employees, according to company reports.
The final decision on the number of shares will be made at the upcoming board of directors meeting, scheduled for 25 June 2019, but current expectations are that around 723,000 shares will be dispersed to company employees.
In a statement the company said, “The Company marks its 60th anniversary in 2019. As a part of this 60th anniversary project, the Company has been considering to allot (sic) the Company’s shares to the Employees in order to share the delight of the 60th anniversary with the Employees, who have contributed to the development of the Company group.”