Halows to issue new shares as stock compensation

Halows Co., Ltd. (TSE:2742) will issue 5,600 new common shares to its directors (excluding those serving on audit and supervisory committees, outside directors, and part-time directors) as part of a restricted stock compensation plan. Approved at a Board of Directors meeting on May 29, 2025, the shares will be allotted on June 27, 2025, at JPY4,720 per share. The total value of the issuance is JPY26,432,000. The purpose of this issuance is to align the interests of the directors with those of shareholders and to encourage sustainable improvement in the company's corporate value. These allotted shares are subject to a 50-year transfer restriction period expiring on June 26, 2075, managed via dedicated accounts with Nomura Securities Co., Ltd.