Tosei Corporation
Notice Regarding Disposal of Treasury Stock as Restricted Stock Compensation
On March 25, 2026, Tosei Corporation resolved to dispose of 36,450 shares of restricted treasury stock (totaling 59,559,300 yen) to nine directors.
Key Figures
- Number of shares disposed: 36,450 shares (disposed to 9 directors)
- Disposal price: 1,634 yen per share (closing price on February 25, 2026)
- Total disposal amount: 59,559,300 yen
AI要約
Overview of the Restricted Stock Compensation Plan
Tosei Corporation has introduced a performance-linked restricted stock compensation plan (Plan I) for directors excluding outside directors, and a post-grant restricted stock compensation plan (Plan II) for outside directors. Plan I grants shares based on the achievement level of consolidated pre-tax profit for the performance evaluation period from December 1, 2024, to November 30, 2025. Transfer and pledge of shares are prohibited during the transfer restriction period. Plan II grants shares to outside directors conditioned on continuous service during the same period, with certain transfer restrictions applied.
Details and Purpose of the Disposal of Treasury Stock
By resolution of the Board of Directors on February 26, 2026, it was decided to dispose of 36,450 shares of treasury stock to nine directors. The disposal price was calculated based on the closing price of 1,634 yen on February 25, 2026, with a total amount of 59,559,300 yen. This disposal aims to clarify the linkage between directors’ compensation and company performance and stock value, provide incentives to improve corporate value, and promote value sharing with shareholders. The transfer restriction period is from the payment date until resignation, and provisions are established allowing the company to acquire shares without compensation in case of violation.
