Toa Road adjusts stock incentive plan after member changes

Toa Road Corporation announced the completion of payment procedures for the disposition of treasury stock as restricted stock incentives for its employee stock ownership plan, originally resolved at the July 7, 2025, board of directors meeting. The company also disclosed changes to the initially planned number of shares and total disposition value due to a partial forfeiture of rights.

The disposition date for the shares remains September 19, 2025, with a price of JPY 1,517 per share. However, the number of common shares to be disposed has been revised from 240,000 shares to 226,600 shares. Consequently, the total disposition value has decreased from JPY 364,080,000 to JPY 343,752,200. The disposition method remains a third-party allotment to the Toa Road Employee Stock Ownership Association.

These changes in the number of shares and total disposition value are a result of the definitive count of members agreeing to the restricted stock incentive plan for the employee stock ownership association.