Sumitomo Warehouse to launch restricted share plan for employees

The Sumitomo Warehouse Co., Ltd. announced on August 28, 2025, that its board of directors resolved to adopt a restricted share-based remuneration plan for its employees. This plan aims to enhance employee awareness of the company's share price, foster greater value sharing with shareholders, and boost motivation to increase medium- to long-term corporate value. The company will allot common shares to eligible employees, primarily management personnel, with transfer restrictions for a specified period.

Under the plan, eligible employees will receive monetary remuneration claims, which they will contribute as in-kind property for the allotment of the company's common shares. The company's treasury shares will be used for these allotments, and the disposal price will be calculated to ensure fairness and prevent any particular advantage to eligible allottees, without diminishing employee salaries.

Specific details, including the total number of shares to be allotted, the timing of the plan's adoption, and the transfer restriction period, will be determined at future meetings of the board of directors.