ITO EN Approves Share Disposition for Executive Compensation

TOKYO, Jul 24 (Pulse News Wire) – ITO En,ltd. (2593.T) announced that its board of directors approved the repurchase of 9,000 shares of common stock on August 21, 2026.

The repurchased shares will be distributed among four executive directors and nineteen non-executive directors, totaling ¥26.68 million. Each share will be repurchased at a price of ¥2,964 per share. This repurchase is part of a restricted stock compensation program introduced in May 2023 to incentivize long-term value creation and enhance alignment with shareholders. Under this program, executives contribute cash awards up to a total of ¥26.68 million in exchange for restricted shares.

The shares will be subject to a holding period during which they cannot be transferred or used as collateral. The repurchase agreement includes provisions for lifting restrictions based on continued service until the end of the fiscal year or upon retirement due to expiration of term or valid reasons such as death. In case of violation of laws or regulations during the restriction period, the company reserves the right to reclaim the shares without compensation. Shares held in special accounts managed by Nomura Securities Co., Ltd.

Will ensure compliance with the restrictions.