Restricted Stock Incentives for Employees

「We introduced this program for eligible employees among the employees of the Company and its subsidiaries who participate in the Takada Kogyo Co., Ltd. Employee Stock Ownership Association. As a measure to enhance the welfare of eligible employees, the program creates an opportunity for them to acquire, through the association, common shares of the Company issued or disposed of by the Company as restricted shares. In addition to helping eligible employees build personal assets, the program is intended to provide them with an incentive to sustain the enhancement of the corporate value of the Group after the completion of its business reconstruction, and to promote greater sharing of value between eligible employees and the Company’s shareholders.」