[Nomura Shipbuilding] Introduction of Restricted Stock Compensation System | June 2026

Overview of the System

Nomura Shipbuilding will issue 79,800 shares of restricted stock on July 22, 2026. This system aims to provide incentives to directors and executive officers, using cash claims as contributed assets exchanged for shares. The issue price is based on the market closing price of 3,840 yen, with a total about 300 million yen worth of stock grants planned. The system details include restriction periods, unlocking conditions, and provisions for gratuitous acquisition, ensuring transparency and fairness.

Purpose of the System and Future Outlook

This system aims to motivate target directors and executive officers and to achieve sustainable increases in corporate value. By granting shares, it promotes long-term commitment from management and aligns value with shareholders. Going forward, the company will monitor the operation and effect of the system and make improvements as needed. Key points include managing potential share dilution and strengthening governance related to the implementation.