Itochu to dispose of treasury stock for remuneration

Itochu Corporation (TSE: 8001) announced today that its Board of Directors has approved the disposal of treasury stock as part of a restricted stock remuneration plan. The company will dispose of 314,225 common shares at a value of JPY7,514 per share, totaling JPY2,361,086,650. The disposal will benefit six board members (excluding outside directors), 19 executive officers, and six senior operating officers. This move is intended to align the interests of the company's leadership with those of its shareholders and enhance corporate value. The disposal is scheduled for July 18, 2025, and the value per share is based on the closing price of Itochu's stock on June 19, 2025.