Gunze Approves Restricted Share Awards for Executives and Directors

TOKYO, Jul 22 (Pulse News Wire) – Gunze Limited (3002.T) announced today that its board of directors, held , approved the disposal of restricted shares as part of share-based compensation. The resolution pertains to the distribution of ordinary shares worth \( \text{July 22, 2026} \) per share, totaling \( \text{¥85.3 million} \).

The shares will be distributed among six directors and eleven executive officers on August 6, 2026. The purpose of this distribution is to enhance shareholder value and promote sustained growth in stock price and corporate value. According to the company's regulations, the restricted shares cannot be transferred, pledged, or gifted during the restriction period from August 6, 2026, to August 5, 2056.

Additionally, the shares will be subject to forfeiture conditions based on continued service and performance criteria set forth by the nomination and remuneration committee. Furthermore, the company clarified that the share price used for the valuation was determined based on the closing price of Gunze Limited’s ordinary shares on the Tokyo Stock Exchange on July 21, 2026, which was \( \text{¥3,975} \) per share. This price reflects a fair market value and does not confer any undue advantage to the recipients.