[Nishikawa Rubber Industries] Grant of Restricted Stock to Directors and Executive Officers | July 2026

Overview of Capital Policy

Nishikawa Rubber Industries resolved to grant a total of 19,300 shares of restricted stock to directors and executive officers as of August 7, 2026. These shares will be disposed of with an investment amount of 61.18 million yen, granted at a price of 3,170 yen per share. The purpose of the grant is to incentivize officers and enhance corporate value, with the transfer restriction period set to the tenure of the officers. The disposal will be based on the stock market price at the Tokyo Stock Exchange, and share management will be conducted through a dedicated account with Daiwa Securities.

Future Outlook and Impact on Shareholders

This disposal aims to reinforce incentives for officers and improve corporate value, with limited dilution of shares expected. During the transfer restriction period, transfer and pledge setting of shares are restricted, with a mechanism for解除 under certain conditions. Nishikawa Rubber Industries intends to continue enhancing corporate value through its executive compensation制度 and to promote value sharing with shareholders.