Toray Industries, Inc. - Notice regarding Issuance of Stock Compensation-Type Stock Options (Stock Acquisition Rights)
July 21, 2023 at 08:49 am EDT
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Toray Industries, Inc. ('the Company', hereinafter) announced today that the Company reached the decision at its meeting of the Board of Directors held today to establish the following terms and conditions regarding the offering of stock acquisition rights as stock compensation-type stock options to its vice presidents Members of the Board, vice presidents, executive fellow and directors, and to solicit subscribers to said stock acquisition rights, in the Company's aim to enhance the motivation and willingness to improve the Company's performance and to promote sharing of stock price benefits with its shareholders, pursuant to the provisions of Paragraph 1, Articles 236, Paragraphs 1 and 2, 238 and Paragraph 1, Article 240 of the Companies Act.
Toray Industries, Inc. is a diversified group organized around 5 areas of activity:
- fiber and textile production (38.2% of net sales): nylon, polyester, acrylic fibers, non-woven products, etc.;
- plastic and chemical manufacture (38.2%): resins, plastic films, fine chemicals, etc.;
- engineering and environmental services (10.3%): development, construction, and assembly of industrial units, manufacture of seawater desalinization equipment, wastewater treatment equipment, etc.;
- production of carbon fibers (9.7%);
- other (3.6%): primarily fabrication of pharmaceutical and medical products.
Net sales break down geographically as follows: Japan (44%), China (19.5%), Asia (19.8%) and other (16.7%).
TORAY INDUSTRIES, INC. 