Tokyo Gas revises employee restricted stock disposal after partial forfeiture

Tokyo Gas Co., Ltd. announced the completion of payment procedures on December 10, 2025, for the disposition of treasury shares as a restricted stock incentive for its Employee Shareholding Association. This followed a resolution made at the Board of Directors meeting on July 30, 2025. The company also confirmed a partial forfeiture of rights, leading to revisions in the number of shares disposed of and the total amount.

The original plan to dispose of 30,090 common shares at JPY 4,880 per share, totaling JPY 146,839,200, has been adjusted. The revised disposal now involves 20,694 common shares, maintaining the price of JPY 4,880 per share, resulting in a new total of JPY 100,986,720. Both the original and revised disposals were executed via a third-party allotment to the Tokyo Gas Group Employee Shareholding Association, with the payment completion date remaining December 10, 2025.

These changes in the number of shares and the total disposal amount stem from the final confirmation of the number of members who agreed to participate in the Restricted Stock Incentive Plan for the Employee Shareholding Association.