Toray Industries Plans Restricted Share Incentive Program for Employees

TOKYO, Aug 06 (Pulse News Wire) – Toray Industries,inc. (3402.T) announced plans to issue restricted shares as part of an incentive program for employees through its employee stock holding association.

The company's board approved the issuance of up to 2,524,060 ordinary shares on February 26, 2027 at a price of ¥1,188 per share based on the closing price on August 06, 2026. Under the program, eligible employees will contribute cash incentives received from the company to the stock holding association, which will then purchase the restricted shares.

The shares will be subject to a lock-up period from February 26, 2027 until May 15, 2030. This initiative aims to align employee interests with shareholder value and enhance employee welfare while promoting long-term growth.

The dilution impact is expected to be moderate, with a potential increase of 0.17% in outstanding shares relative to the total number of issued shares excluding treasury shares as of March 31, 2026.