Sumitomo Warehouse introduces restricted stock compensation plan for employees

On August 28, 2025, The Sumitomo Warehouse Co., Ltd. (TSE:9303) resolved at its board of directors meeting to introduce a Restricted Stock Compensation Plan for its employees. This initiative aims to deepen employees' awareness of the company's stock price, foster greater value sharing with shareholders, and strengthen their commitment to enhancing corporate value over the medium to long term.

Under the plan, eligible employees in management positions will receive an allocation of the company's common stock. Sumitomo Warehouse will provide monetary compensation claims to these employees, who will then contribute the full amount of these claims as in-kind contributions to the company. In return, the company will allocate its common stock to them. This scheme will not result in a reduction of the eligible employees' wages.

The total number of common shares to be allocated under this plan will be determined at a future board of directors meeting. These shares will be treasury shares held by the company, and their disposal value will be calculated transparently to ensure it is not particularly advantageous to the recipients. Further details, including the exact number of allocated shares, implementation timing, and restriction period, will be decided at upcoming board meetings.