Tokyotokeiba Tokyo Racing Club to Offer Restricted Shares to Employees as Incentive

TOKYO, May 15 (Pulse News Wire) – Tokyotokeiba CO.,LTD. (9672.T) resolved today to distribute restricted shares to employees through its employee stock holding association as part of an incentive program.

The distribution will take place on September 30, 2026, offering up to 75 restricted shares per eligible employee at a price of ¥1,000 per share. The total value could reach 150 million based on the maximum number of 210 eligible employees. Under this program, employees who agree to join the stock holding association will receive special bonuses in the form of cash bonds, which they will contribute to the association.

The association will then invest these funds in acquiring restricted shares from the company. The shares will come with restrictions prohibiting transfers until September 30, 2029, aimed at enhancing employee welfare and aligning their interests with those of shareholders. The company believes this initiative will foster greater value-sharing among stakeholders and contribute to sustained growth in corporate value.

The dilution impact is considered reasonable, with an expected dilution rate of approximately 0.07% based on the current outstanding share count of 208,300,000 as of January 30, 2026.