Thasegawa to issue restricted stock to executives, fellows

Thasegawa Co., Ltd. announced a resolution by its Board of Directors on December 18, 2025, to dispose of 48,286 common shares as restricted stock compensation. This disposition is set to occur on January 16, 2026, with a value of JPY 2,760 per share, totaling JPY 133,269,360. The recipients include six directors (excluding outside directors) receiving 26,791 shares, eight senior vice presidents receiving 15,976 shares, one group executive officer (resident in Japan) receiving 1,997 shares, and two fellows receiving 3,522 shares.

The new Restricted Stock Compensation Plan, approved on November 7, 2025, aims to incentivize the continuous enhancement of corporate value and promote value sharing between eligible executives and shareholders. The plan involves granting monetary claims, which executives will use as in-kind contributions to acquire Thasegawa's common shares. The transfer restriction period for these shares will last until the executives retire from their predetermined positions, with conditions for lifting restrictions based on continuous service.

The shares will be managed in dedicated securities accounts during the restriction period, preventing transfer or pledging. The valuation of JPY 2,760 per share is based on the closing price of Thasegawa's common shares on the Tokyo Stock Exchange Prime Market on December 17, 2025, the business day preceding the Board of Directors' resolution, to ensure fair and non-arbitrary pricing.