Kojima approves employee stock and stock option compensation plans

Kojima Co., Ltd. resolved on November 17, 2025, to dispose of 92,000 treasury shares as restricted stock compensation for its executive officers and employees (managerial level or above). The disposal price is 1,119 yen per share, totaling 102,948,000 yen, and the shares will be allotted to 114 recipients on December 2, 2025. This move is part of the employee choice stock compensation plan, introduced on February 25, 2025, which allows employees to choose between restricted stock and stock-compensation-type share options.

The restricted stock compensation will have transfer restrictions lifted upon the employee's retirement, provided continuous employment for five years, with some exceptions for reasons like mandatory retirement. Concurrently, Kojima will issue 356 stock-compensation-type share options (10th series) to 54 executive officers and employees who opted for this type of compensation. Each share option represents 100 common shares of the company. These options are exercisable from December 3, 2028, to December 2, 2030, conditional on continued employment.

This dual-pronged compensation approach aims to align employee incentives with the company's long-term performance and corporate value. The pricing of the treasury shares is based on the closing price of Kojima's common shares on the Tokyo Stock Exchange Prime Market on November 14, 2025, ensuring a market-based valuation.