Nagoya Railroad to Issue Restricted Shares to Executives and Employees

TOKYO, Jul 24 (Pulse News Wire) – Nagoya Railroad Co., Ltd. (9048.NG) announced that it has resolved to issue restricted shares to its executives and employees through a resolution made at the board meeting held .

The issuance involves transferring 98,429 ordinary shares to eligible recipients at a price of ¥100 per share, totaling ¥9,842,900. Under the restricted stock grant program, the shares will be distributed among 16 directors and executive officers and 544 employees. The distribution aims to incentivize long-term value creation and enhance shareholder alignment.

The shares come with restrictions prohibiting their sale or transfer until August 21, 2026, the payment date. Additionally, the company noted that the valuation of the shares was based on the closing price of ¥100.5 per share on the Tokyo Stock Exchange on July 23, 2026, which precedes the board's decision. This pricing mechanism ensures fairness and reflects the company’s recent market valuation accurately.

Separately, the company highlighted that the program aligns with previously approved compensation structures, ensuring consistency across governance frameworks established since June 28, 2022.