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Management planning1811THE ZENITAKA CORPORATIONConstruction and Materials

Introduction of a Trust-Type Employee Shareholding Incentive Plan (E-Ship)

The board of directors decided to introduce “E-Ship,” an employee stock ownership trust scheme that uses a trust to acquire and supply Company shares for all employees who participate in the employee stock ownership plan. Details such as the timing of establishing the trust, the total amount of borrowings and the trust term will be disclosed at a later date.

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Items stated in the management plan

Formulated
Trust-Based Employee Stock Ownership Incentive Plan (E-Ship®)
Date of board resolution 12 November 2026 · Publication date 12 November 2026
Risks identified by the company
Possibility that the Company may be required to repay the outstanding balance of borrowings if an amount equivalent to a loss on the sale of shares accumulates in the E-Ship trust due to a decline in the Company’s share price and borrowings remain outstanding when the trust is terminated
Items stated in the management plan
ItemDetails
Plan nameTrust-Based Employee Stock Ownership Incentive Plan (E-Ship®)
Progress against the planFormulated
Risks identifiedPossibility that the Company may be required to repay the outstanding balance of borrowings if an amount equivalent to a loss on the sale of shares accumulates in the E-Ship trust due to a decline in the Company’s share price and borrowings remain outstanding when the trust is terminated
Date of board resolution12 November 2026
Publication date12 November 2026
Items this document does not state (20)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsKey initiativesResults under the previous planReason for revision or withdrawalSize of the Target Market

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To provide employees with an incentive to enhance corporate value over the medium to long term, expand the employee stock ownership plan as an employee benefits measure, encourage employees to acquire and hold shares, and support their asset building. If the share price declines, the Company may be required to repay the outstanding balance of borrowings by the trust.

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Introduction of a Trust-Type Employee Shareholding Incentive Plan (E-Ship) | THE ZENITAKA CORPORATION (1811) timely disclosure | Komori