MTG board approves new restricted stock plan for executives

MTG's board of directors approved the disposal of 4,882 shares of treasury stock as restricted stock compensation, valued at JPY 4,770 per share, totaling JPY 23,287,140. This plan, effective January 20, 2026, targets 17 individuals, including two directors and 15 non-director executive officers. The compensation aims to align the interests of executives with shareholders and drive long-term corporate value. The disposal price of JPY 4,770 per share is based on the closing price of MTG's common stock on the Tokyo Stock Exchange Growth Market on December 22, 2025, the business day prior to the board resolution.

The compensation includes a restriction period from January 20, 2026, to January 19, 2076, during which recipients cannot transfer or encumber the shares. Restrictions will be lifted upon continuous service, with provisions for earlier release in cases of retirement due to term expiration, age, or other legitimate reasons. Shares not meeting these conditions will be acquired by MTG without consideration. This initiative follows a resolution from the 27th ordinary general meeting of shareholders on December 22, 2022.

Matsushita Go, the representative director and president, who is also a controlling shareholder with a 64.63% voting interest, will receive 867 shares under this plan. The board also approved the repurchase of JPY 1,204 million of treasury stock on November 11, 2024. All transactions involving controlling shareholders are conducted under fair market conditions to protect minority shareholder interests.