Konoshima Chemical to Distribute Restricted Shares to Executives

TOKYO, Jul 17 (Pulse News Wire) – Konoshima Chemical CO.,LTD. (4026.T) announced that its board of directors resolved to distribute restricted shares as part of an executive compensation plan.

The distribution will take place on August 3, 2026, involving ordinary shares worth approximately ¥21.0 million. The shares will be allocated to seven internal directors, with each share valued at ¥1,551 per share. Under the restricted stock program, which was approved by shareholders in July 2022 and July 2025, executives will hold the shares until their departure from designated positions within the company.

Any premature termination without valid reasons will result in the company reclaiming the shares free of charge. Additionally, the shares will be managed through Mizuho Securities' dedicated accounts until the restrictions are lifted. This initiative aims to enhance long-term corporate value and foster closer alignment with shareholders by encouraging executive participation and ownership.

The valuation of the shares for this distribution is based on the closing price of Konoshima Chemical's ordinary shares on the Tokyo Stock Exchange on July 16, 2026, which was set at ¥1,551.