ITOCHU Corporation will dispose of 314,225 treasury shares on July 18, 2025.
The disposal is part of its restricted stock remuneration plan. The value is set at ¥7,514 per share. Total value is ¥2,361,086,650.
Recipients include 6 board members, 19 executive officers, and 6 senior operating officers. All are based in Japan.
The plan links stock awards to company performance. It was approved at the 101st General Meeting of Shareholders on June 20, 2025.
The evaluation period covers the fiscal year ended March 31, 2025. All recipients will contribute their remuneration as payment in kind for the shares.
The restriction period runs until the officer retires. Shares are forfeited if conditions are not met.
The share price was based on the Tokyo Stock Exchange closing price on June 19, 2025.
The ITOCHU Packaging Stock Disposal is aligned with the company’s long-term governance strategy.
