Mitsuba Corporation Announces Treasury Stock Disposal for Restricted Stock Compensation

Mitsuba Corporation has announced the disposal of 76,817 shares of treasury stock as part of a restricted stock compensation plan aimed at incentivizing directors and executive officers. This initiative seeks to align their interests with shareholders to enhance corporate value over the medium to long term. The plan includes specific transfer restrictions and service period conditions to ensure commitment to the company's growth objectives. Mitsuba operates in the automotive industry, focusing on electrical components and systems for vehicles.