Source disclosure: February 04, 2026
TOBU RAILWAY CO.,LTD. [9001.T]
TOKYO, Feb 04 (Pulse News Wire) – Tobu Railway CO.,LTD. (9001.T) extended its stock compensation program for directors and executive officers, initially introduced on August 15, 2019.
At a board meeting held on June 21, 2024, the company decided to continue the program and agreed to deposit additional funds into the trust on February 13, 2026, to facilitate further share purchases. Under the program, up to ¥452.1 million will be used to acquire up to 162,200 ordinary shares through exchange-traded transactions from February 13 to February 27, 2026. The total amount and number of shares allocated will remain within the limits approved by shareholders.
The trust, managed independently by Sumitomo Mitsui Trust Bank (with Nippon Custodian Bank as co-trustee), benefits eligible directors and executives who meet certain criteria. The trust's duration is set to conclude by the end of August 2029. During this period, voting rights associated with the shares held in the trust will not be exercised.
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