Tosei Corporation (8923) said on Feb, 26 2026 that its board approved the disposal of 36,450 treasury shares at 1,634 yen each for distribution under two restricted-stock remuneration plans. The shares, valued at about 59.6 million yen (roughly 0.54 million Singapore dollars), will be transferred on Mar, 25 2026.

Under Plan I, six executive directors will exchange remuneration claims of 58.6 million yen (about 0.53 million Singapore dollars) for 35,841 shares. Under Plan II, three outside directors will exchange 1.0 million yen (about 0.01 million Singapore dollars) for 609 shares.

The shares will carry transfer restrictions that remain in place until the holders leave their board positions, with early release possible in cases such as death or approved corporate restructurings.

Shareholders approved the stock-based compensation arrangements at the company’s 76th annual general meeting, capping annual issuances at 400,000 shares for executive directors and 40,000 shares for outside directors.