Tokyo ROPE Mfg.Co. Mfg. to Issue Restricted Share Awards on Aug. 21

TOKYO, Jul 24 (Pulse News Wire) – Tokyo Rope Mfg.co.,ltd (5981.T) announced plans to issue restricted share awards to its directors and executive officers on August 21, 2026. The company will distribute ordinary shares worth a total of 20.2 million based on the closing price of July 20, 2026, which was ¥1,971 per share.

The awards will be granted to eight individuals, four directors and four executive officers, totaling 10,239 shares. The purpose of these restricted share awards is to incentivize long-term value creation and enhance alignment between management and shareholders. The awards come with restrictions prohibiting transfers until the recipients' tenure ends.

Additionally, the company will grant cash compensation bonds totaling ¥20.2 million to the recipients as part of the incentive program approved by the shareholders' meeting on June 28, 2022. Under the agreement, the restricted shares will be managed through a dedicated account at SMBC Nikko Securities. Upon termination of service, the company reserves the right to acquire any remaining untransferred shares free of charge.

In cases of misconduct or premature departure during the vesting period, the company may also reclaim some or all of the awarded shares.