Miroku Jyoho Service TO ISSUE RESTRICTED STOCK AS COMPENSATION

TOKYO, Jun 26 (Pulse News Wire) – Miroku Jyoho Service CO.,LTD. (9928.T) decided at a board meeting held on June 26 to issue restricted stock as compensation to seven directors.

The issuance will take place on July 24, 2026, involving a total of 12,000 shares at a price of ¥1,727 per share, amounting to ¥20.7 million. This move follows a resolution made during a board meeting on May 12, 2023, which aimed to incentivize long-term value creation among internal directors while fostering greater alignment with shareholders. Additionally, the company's 46th annual general meeting on June 29, 2023, approved the implementation of a restricted stock grant program based on this decision.

Under the program, directors will contribute cash compensation up to ¥100 million annually towards acquiring restricted stock. Each director will receive ordinary shares valued based on the closing price of MIROKU JYOHO SERVICE’s stock on the Tokyo Stock Exchange Prime Market on June 25, 2026, which was set at ¥1,727 per share. The restricted stock grants come with conditions such as holding restrictions until July 24, 2026, or upon leaving their positions within the company.

Any violation of these conditions could result in the company reclaiming the shares without compensation.