Tokyo Radiator Mfg.Co. Mfg. to Grant Restricted Shares to Executives and Staff

TOKYO, Jul 21 (Pulse News Wire) – Tokyo Radiator Mfg.co.,ltd. (7235.T) announced today that its board of directors approved the distribution of restricted shares to executives and staff members as part of an incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.

The company plans to distribute ordinary shares totaling ¥136.6 million at a price of ¥1,488 per share on July 21, 2026. The shares will be granted to three directors, five executive officers, and 60 senior employees. Under the program, the restricted shares will be subject to a holding period until August 20, 2026 or until the recipients cease their positions at the company, whichever comes later.

During this period, recipients cannot sell, pledge, or otherwise dispose of the shares without approval from the company's board of directors. In addition, the company will acquire the shares free of charge if the recipients resign or retire within the initial restriction period. The purpose of this initiative is to incentivize key personnel to contribute to the sustained growth of the company while ensuring fair compensation aligned with market conditions.

The grant amount was determined based on the closing price of the company’s stock on the Tokyo Stock Exchange on July 17, 2026, which was ¥1,488.