[Mitsuba] Share Buyback and Incentive System Introduction | June 2026

Disposal Details and Purpose

Mitsuba Corporation disposed of 53,576 common shares at 1,099 yen per share on July 24, 2026, totaling 58,880,024 yen. This forms part of a restricted stock reward system aimed at incentivizing directors and executive officers, with the goal of achieving sustained corporate value improvement and sharing shareholder value. The system was approved in May 2025, and the disposal is conducted as part of the stock reward scheme.

System Details and Future Outlook

A total of 58,880,024 yen in monetary compensation rights are paid to 23 targeted directors and executive officers, all of which are converted into shares through in-kind contributions. The restriction period is during the tenure of the officers, with provisions for unrestricted transfer or gift acquisition upon resignation, retirement, or death. The system aims at medium- to long-term corporate value enhancement, aligning interests of shareholders and officers.