Maeda Kosen introduces performance-based restricted stock plan for directors

On September 3, 2025, Maeda Kosen resolved to introduce a restricted stock remuneration plan with performance conditions for its eligible directors, subject to shareholder approval at the upcoming 53rd Ordinary General Meeting on September 25, 2025. This new plan aims to incentivize directors to achieve the company's medium-term management plan targets and enhance corporate value, while also fostering greater value sharing with shareholders. The annual remuneration for delivering restricted stock with performance conditions will not exceed 200 million yen, separate from existing monetary remuneration of up to 500 million yen annually and a previously approved restricted stock grant of up to 200 million yen per year.

The total number of common shares to be issued or disposed of under the new plan will not exceed 40,000 shares per year, with the payment amount per share being the closing price of the company's common stock at the Tokyo Stock Exchange on the business day preceding the Board of Directors' resolution. Eligible directors will be subject to a restriction period during which they cannot transfer or dispose of the shares. The company also plans to issue restricted stock with performance conditions to its employees under similar terms after the Ordinary General Meeting of Shareholders.