Mitsubishi Pencil Company Completes Restricted Share Issuance for Directors and Executives

TOKYO, May 18 (Pulse News Wire) – Mitsubishi Pencil Company,limited (7976.T) completed the issuance of restricted shares as part of its share-based compensation program. The issuance involved ordinary shares totaling 25,800 and was valued at ¥2,437 per share, resulting in a total amount of ¥62.9 million.

The shares were distributed to five directors and ten executive officers of the company. According to the previous notice dated April 30, 2026, these restricted shares cannot be transferred immediately upon receipt due to certain limitations imposed by the board resolution.

This issuance is aimed at incentivizing key personnel within the organization and aligning their interests with those of shareholders. Further details regarding the transaction can be found in the notice released on April 30, 2026.