Furuya Metal announces restricted stock compensation for directors

Furuya Metal announced on September 25, 2025, a plan to dispose of 23,300 treasury shares as restricted stock compensation for four of its directors (excluding outside and audit & supervisory board directors). The total value of this compensation amounts to JPY 68,245,700, with each share priced at JPY 2,929. The shares will be allocated through a cash compensation claim contributed in kind by the eligible directors. The transfer is scheduled for October 23, 2025.

The compensation aims to incentivize sustained corporate value enhancement and greater value sharing with shareholders. The restricted transfer period for these shares will span from October 23, 2025, to October 22, 2055. Shares are subject to forfeiture if directors resign before the restriction period ends, unless approved by the board. Full transfer restrictions will be lifted upon completion of the period, conditional on continuous service as a director.

The disposal price of JPY 2,929 per share was determined based on the closing price of the company's common stock on the Tokyo Stock Exchange on September 24, 2025, the business day prior to the board resolution. This method ensures a fair and non-arbitrary valuation, reflecting current market conditions.