Maeda Kosen to launch performance-conditional restricted stock plan for directors

Maeda Kosen Co., Ltd. announced on September 3, 2025, the introduction of a performance-conditional restricted stock compensation plan for its directors, excluding outside directors. This move will be submitted for approval at the 53rd Ordinary General Meeting of Shareholders on September 25, 2025. The plan seeks to align directors' incentives with the company's mid-term performance targets and sustainable corporate value growth.

The new plan will grant monetary compensation claims to eligible directors, who will then contribute these claims in kind to receive shares of Maeda Kosen's common stock. The maximum annual aggregate compensation for this new scheme will be JPY 200 million, separate from existing compensation frameworks. The total number of shares to be issued or disposed of annually under this plan is capped at 40,000 shares, subject to adjustments for stock splits or consolidations.

The issue price per share will be based on the closing price of Maeda Kosen's common stock on the Tokyo Stock Exchange on the business day preceding the board resolution date. Shares allocated under the plan will be subject to transfer restrictions for a specified period, and the company may acquire the shares without consideration under certain conditions. A similar plan for employees is also slated for introduction after the General Meeting of Shareholders.