Hikari Business Form to issue restricted stock compensation

Hikari Business Form announced today that its board has resolved to dispose of treasury stock as part of a restricted stock compensation plan for its directors (excluding outside directors). The company will issue 12,529 shares of its common stock at a price of JPY810 per share, for a total disposal amount of JPY10,148,490. The allocation is scheduled for April 25, 2025. This initiative aims to align the interests of the directors with shareholders and incentivize long-term value creation. The shares are subject to transfer restrictions until the directors' retirement, as determined by the company. The disposal is based on a restricted stock allocation agreement, which includes conditions for the cancellation of restrictions based on continued service.