Tokyo Steel Manufacturing Completes Restricted Share Issuance to Executives

TOKYO, Jul 24 (Pulse News Wire) – Tokyo Steel Manufacturing CO.,LTD. (5423.T) completed the issuance of restricted shares to executives.

The issuance was approved during the board meeting held on June 24, 2026. Key details of the share issuance include: - Payment completion date: July 24, 2026 - Type of shares: Ordinary shares - Number of shares: 22,326 - Price per share: ¥1,739 - Total value: ¥38.8 million The shares were allocated to three directors (excluding audit committee members) and six executive officers, totaling 13,804 shares.

For more detailed information, refer to the press release dated June 24, 2026, titled "Notice Regarding the Disposal of Own Shares as Restricted Stock Compensation for Directors." --- This issuance aligns with Tokyo Steel's strategy to incentivize key management through equity-based compensation mechanisms.