Denso finalizes restricted stock plan after partial forfeiture

Denso Corporation announced the completion of payment procedures for its employee shareholding association restricted stock incentive plan. The disposition, resolved by the Board of Directors on May 19, 2025, involved the allocation of treasury stock.

The initial plan to dispose of 2,866,640 shares of common stock, valued at 5,509,682,080 yen, was adjusted due to a partial forfeiture of rights. The finalized disposal now consists of 2,546,400 shares of common stock at 1,922 yen per share, totaling 4,894,180,800 yen. This change reflects the final count of members who consented to the Employee Shareholding Association - Restricted Stock Incentive Plan.