Notice of Completion of Payment for Disposal of Treasury Stock as Restricted Stock Compensation

Overview of Treasury Stock Disposal

Noritz Corporation disposed of 30,768 shares of common stock as restricted stock compensation at 2,145 yen per share, completing the payment procedure totaling 65,997,360 yen on April 24, 2026. The recipients were 2 directors who received 27,972 shares, and 2 executive officers who received 2,796 shares, excluding directors who are audit and supervisory committee members and outside directors.

Impact on Investors

This matter relates to the disposal of treasury stock under a restricted stock compensation plan and is considered to have limited direct impact on the company’s capital policy or business performance. However, it provides important information on the operation of the stock compensation system as part of officer remuneration, drawing attention from governance and incentive design perspectives.