Toyo Seikan Group Holdings Group Increases Employee Share Plan Allocation

TOKYO, May 14 (Pulse News Wire) – Toyo Seikan Group Holdings,ltd. (5901.T) completed the subscription process for restricted shares allocated to its employee stock holding association, Toyo Seikangroup Holdings Employees Investment Association,.

As a result, the number of shares to be transferred was adjusted from 738,300 to 214,000. Key details of the revised allocation plan include: - Subscription date: May 14, 2026 - Type and number of shares: Ordinary shares totaling 214,000 - Price per share: ¥3,830 - Total value: ¥819.6 million (as of today's estimate) - Distribution method: Third-party allotment - Recipient: Toyo Seikangroup Holdings Employees Investment Association This adjustment reflects the final count of employees agreeing to participate in the program since the initial announcement on December 19, 2025. The company submitted a temporary report pursuant to the Financial Instruments and Exchange Act regarding this transaction.

The changes in the number of shares to be distributed stem from the determination of the number of members who agreed to join the restricted share granting system through the employee stock holding association. According to the company, the actual number of shares distributed could vary based on the outcome of ongoing promotional activities aimed at encouraging more employees to join the investment association. Looking ahead, Toyo Seikan Group expects no impact on its consolidated performance for the fiscal year ending March 2027 due to this transaction.