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Share Issuance and Disposal9193Tokyo Kisen Co.,Ltd.Transportation and Logistics

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation

東京汽船 resolved to dispose of 2,030 treasury shares to 4 directors, excluding outside directors, as restricted stock compensation. The shares may not be transferred until the directors cease to serve as directors.

Worth reading
35Immaterial
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Direction
Neutral
Direction inferred from the company’s description.
Scale
2030
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Who receives how much2,030Shares

2,030 common shares of the Company (treasury shares)

4 of the Company's directors, excluding outside directors2,030 shares

The lower thin line represents the existing number of shares to which these shares will be added.

¥807 per share
Total issue value

¥1,638,210

Total Stock-Based Compensation
¥1,638,210 in monetary compensation receivables in total
Conditions on transfer restrictions

Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.

Transfer restriction period
From 24 July 2026 until the date on which the eligible recipient ceases to serve as a director of the Company
Conditions for lifting transfer restrictions
The recipient must continuously remain a director of the Company from the start date of the transfer restriction period through the date of the first annual general meeting of shareholders of the Company held thereafter. If the recipient ceases to serve as a director for a legitimate reason, a portion of the restrictions will be lifted based on the number of months served.
Reason for acquisition without consideration
If the recipient ceases to serve as a director without a reason deemed legitimate by the Board of Directors before the day preceding the first annual general meeting of shareholders held thereafter. If any shares remain subject to transfer restrictions when the restriction period expires. If the recipient ceases to serve as a director in connection with a corporate reorganization or similar event and any shares remain subject to transfer restrictions.
Categories and Number of Persons Covered
4 directors of the Company, excluding outside directors; 2,030 shares in total
Intended allottee's holding policy
Until the transfer restrictions are lifted, the recipients may not transfer the shares to third parties, create pledges or security interests over them, make inter vivos gifts or bequests, or otherwise dispose of them in any way. The shares will be held and maintained in designated accounts at SMBC Nikko Securities Inc. until the transfer restrictions are lifted.
Payment date
24 July 2026
Basis for determining the amount to be paid
The closing price of the Company’s common shares on the Tokyo Stock Exchange on 25 June 2026, ¥807. No discount or premium applies.
Impact on Business Performance
The documents do not state the impact of this disposal of treasury shares on financial results.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock compensation
Number of shares to be issued or disposed of2,030 common shares of the Company (treasury shares)
Issue price and disposal price¥807 per share
Total issue value¥1,638,210
Payment date24 July 2026
Intended allotteeName 4 of the Company's directors, excluding outside directors / Number of Shares 2,030 shares
Intended allottee's holding policyUntil the transfer restrictions are lifted, the recipients may not transfer the shares to third parties, create pledges or security interests over them, make inter vivos gifts or bequests, or otherwise dispose of them in any way. The shares will be held and maintained in designated accounts at SMBC Nikko Securities Inc. until the transfer restrictions are lifted.
Basis for determining the amount to be paidThe closing price of the Company’s common shares on the Tokyo Stock Exchange on 25 June 2026, ¥807. No discount or premium applies.
Transfer restriction periodFrom 24 July 2026 until the date on which the eligible recipient ceases to serve as a director of the Company
Conditions for lifting transfer restrictionsThe recipient must continuously remain a director of the Company from the start date of the transfer restriction period through the date of the first annual general meeting of shareholders of the Company held thereafter. If the recipient ceases to serve as a director for a legitimate reason, a portion of the restrictions will be lifted based on the number of months served.
Reason for acquisition without considerationIf the recipient ceases to serve as a director without a reason deemed legitimate by the Board of Directors before the day preceding the first annual general meeting of shareholders held thereafter. If any shares remain subject to transfer restrictions when the restriction period expires. If the recipient ceases to serve as a director in connection with a corporate reorganization or similar event and any shares remain subject to transfer restrictions.
Categories and Number of Persons Covered4 directors of the Company, excluding outside directors; 2,030 shares in total
Total Stock-Based Compensation¥1,638,210 in monetary compensation receivables in total
Impact on Business PerformanceThe documents do not state the impact of this disposal of treasury shares on financial results.
Items this document does not state (14)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offering

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.

The restricted stock compensation is being granted to further strengthen the directors’ motivation to contribute to increasing the Company’s corporate value.

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Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation | Tokyo Kisen Co.,Ltd. (9193) timely disclosure | Komori