Aichi Steel completes restricted stock issuance for employee plan

Aichi Steel Corporation announced the completion of payment procedures for the disposition of treasury shares as restricted stock incentives for its Employee Shareholding Association. Payment was finalized on November 17, 2025, for shares resolved by the board of directors on July 31, 2025.

Originally, the company planned to dispose of 264,864 shares of common stock. However, due to a partial forfeiture of rights, the actual number of shares disposed of was 228,730 shares. The disposal value remained consistent at JPY 2,254 per share.

Consequently, the total amount of the disposition changed from an initially planned JPY 597,003,456 to JPY 515,557,420. The shares were allotted to the Aichi Steel Corporation Employee Shareholding Association through a third-party allotment.