Okuwa Grants Restricted Shares to Executives

TOKYO, May 15 (Pulse News Wire) – Okuwa CO.,LTD. (8217.T) resolved to grant restricted shares to its directors and executive officers as part of its incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.

The company's board meeting decided to issue ordinary shares totaling 21,000 to three directors and five executives. Each share will be paid in at ¥781 per share, based on the closing price of the company’s stock on the Tokyo Stock Exchange on May 14, 2026, which was the day prior to the board resolution. Under the restricted share granting system, the shares cannot be transferred, pledged, or otherwise disposed of during the restriction period from June 12, 2026, until the recipient loses their position as either a director or executive officer.

Additionally, the company retains the right to acquire these sharesat the end of the restriction period if certain conditions are met. The shares will be managed in a dedicated account at Daiwa Securities Co., Ltd. throughout the restriction period to ensure compliance with the restrictions.

Furthermore, in the event of significant organizational restructuring approved by the shareholders' meeting or board, the restriction could be lifted early upon approval.