Sun Frontier Fudousan to Distribute Restricted Shares to Executives

TOKYO, Jun 23 (Pulse News Wire) – Sun Frontier Fudousan CO.,LTD. (8934.T) announced today that its board of directors has approved the distribution of restricted shares as part of its equity compensation program.

The shares will be distributed on July 23, 2026, to five executives. Each executive will receive ordinary shares worth ¥2,339 per share, totaling ¥27.5 million. The total number of shares to be distributed is 11,759. The purpose of this distribution is to incentivize long-term value creation and align interests with shareholders. Under the newly implemented equity compensation system, executives are granted restricted shares subject to vesting conditions.

The shares cannot be transferred until July 23, 2026, or upon leaving their positions at Sun Frontier Fudousan or its subsidiaries. The valuation of the shares was determined based on the closing price of Sun Frontier Fudousan's ordinary shares on the Tokyo Stock Exchange on June 22, 2026, which was set at ¥2,339 per share. This ensures a fair and non-arbitrary pricing mechanism reflecting the company’s market value accurately. In addition, the restricted shares will be managed through a dedicated account at Nomura Securities during the restriction period to prevent unauthorized transactions. Upon meeting certain service provision requirements, the restrictions will be lifted, allowing for the free transfer of shares.