Introduction of a Restricted Stock Compensation Plan

「19 July 2024 (Note 2) 1,800 1,950,550 2,494 376,490 2,494 301,490」

「Pursuant to a resolution of the Board of Directors dated 23 June 2023, the Company issued new shares dated 21 July 2023 as restricted stock compensation for its directors, excluding outside directors and directors who are Audit and Supervisory Committee members, increasing the number of issued shares by 3,100.」

「As non-monetary compensation, the Company has introduced a restricted stock compensation plan for directors, excluding outside directors and directors who are Audit and Supervisory Committee members, to share the benefits and risks of share-price movements with shareholders and further strengthen their motivation to contribute to higher share prices and corporate value.」

「Pursuant to a resolution of the Board of Directors dated 24 June 2022, the Company issued new shares dated 22 July 2022 as restricted stock compensation for its directors, excluding outside directors and directors who are Audit and Supervisory Committee members, increasing the number of issued shares by 3,200.」

「At the 70th Annual General Meeting of Shareholders held on 24 June 2022, a resolution was passed to introduce a restricted stock compensation plan for the Company's directors, excluding outside directors and directors who are Audit and Supervisory Committee members, to provide an incentive to achieve sustained growth in corporate value and further share value with shareholders. Under the plan, the total amount of monetary claims to be paid to eligible directors will be capped at ¥30 million per year.」