Nitta Corp. disposes of treasury stock for executive compensation

Nitta Corporation announced today its decision to dispose of 3,585 shares of its treasury stock as restricted stock compensation for three executive officers. The disposal is designed to incentivize executives and align their interests with long-term shareholder value. The per-share disposal price is JPY 3,640, totaling JPY 13,049,400. Shares are scheduled to be allocated on April 25, 2025. The shares are subject to transfer restrictions until the executive officers retire or resign from their positions. This compensation plan aims to promote sustainable growth and enhance corporate value. The disposal price was determined based on the closing price of Nitta Corp.'s common stock on April 3, 2025.