Introduction of a Restricted Stock Compensation Plan

「Based on a resolution of the 60th Annual General Meeting of Shareholders held on 27 June 2024, we have introduced the Stock Benefit Trust (BBT-RS) stock compensation plan to clarify the linkage between the compensation of our directors, excluding outside directors, and executive officers and the company's performance and share value. The plan is intended to increase their awareness of contributing to improved performance and increased corporate value over the medium to long term by having them share with shareholders not only the benefits of a rising share price but also the risk of a decline in the share price.」

「At the 60th Annual General Meeting of Shareholders held on 27 June 2024, the introduction of the company's stock compensation plan, the Stock Benefit Trust (BBT-RS (Board Benefit Trust-Restricted Stock)), for directors excluding outside directors was approved. Accordingly, the above stock compensation plan and the relevant compensation limit will be abolished, and no new restricted stock will be delivered under the current stock compensation plan going forward.」

「We have introduced a restricted stock compensation plan under which common shares of the company, subject to a specified transfer restriction period and provisions allowing the company to acquire them without consideration under certain circumstances, are allocated to our directors, excluding outside directors. The total amount of monetary compensation receivables to be paid will not exceed ¥100 million per year, and the total number of shares to be allocated will not exceed 160,000 shares per year.」