Tokyo ROPE Mfg.Co. Mfg. to Issue Restricted Shares to Employees

TOKYO, Jul 24 (Pulse News Wire) – Tokyo Rope Mfg.co.,ltd (5981.T) announced today that it will distribute restricted shares to employees as part of its equity grant program aimed at achieving sales of July 24, 2026 by 2030. The company plans to issue ordinary shares worth ¥1,971 per share to 28 employees and three subsidiary staff members totaling 5,943 shares on August 21, 2026.

The distribution aims to enhance employee engagement and commitment while promoting long-term stock price awareness and talent retention. Under the program, employees will hold these shares until August 31, 2029, during which time they cannot sell or transfer them without valid reasons approved by the board. Upon meeting certain conditions, such as continuous employment, restrictions will be lifted, allowing employees to benefit fully from their holdings.

In addition, the company decided to allocate funds totaling ¥11.7 million to cover the cost of issuing these restricted shares. The dilution impact due to this issuance is minor, amounting to approximately 0.04% based on the total number of outstanding shares as of April 01, 2026. The company believes this aligns well with the strategic objectives of the program.