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Nitten (2108) · InitiativeNo average deduction for ESOP trust shares during the period

Corporate Value Enhancement Incentives through an Employee Share Ownership ESOP Trust

First written in FY2016. 9 of 12 entries say "Restated". Latest entry: FY2020.

12entries
5years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY20202016: 320162017: 420172018: 220182019: 220192020: 12020
Same theme, other companies
Trust-Based Employee Stock Ownership Association Incentive (E-Ship)A theme 108 companies write about · 0 as a headwind · 106 as a tailwind

19 other companies' latest entry also says "Other".

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Showing 14 of the 108 companies compared. The sentences above are computed from all 108.
Full recordFilings, disclosures and news, newest first
  1. FY2020No average deduction for ESOP trust shares during the periodAnnual report

    「Shares of the Company held by The Master Trust Bank of Japan, Ltd. (Employee Stock Ownership ESOP Trust Account) are included in treasury shares deducted in calculating the average number of shares outstanding during the period for the purpose of calculating earnings per share (the previous consolidated fiscal year: 2,731 shares; the current consolidated fiscal year: 0 shares).」

    The accounting treatment for the ESOP Trust continues to be disclosed, although the average number of shares deducted during the current consolidated fiscal year was 0.
  2. FY2020-Q2RestatedAnnual report

    「Note: This excludes ¥1 million in dividends payable to The Master Trust Bank of Japan, Ltd. (Employee Stock Ownership ESOP Trust Account). This is because the Company's shares held by The Master Trust Bank of Japan, Ltd. (Employee Stock Ownership ESOP Trust Account) are recognized as treasury shares in the consolidated financial statements.」

    The accounting treatment of treating shares held by the Employee Stock Ownership ESOP Trust as treasury shares and excluding dividends paid to the trust is disclosed again.
  3. FY2019-Q3RestatedAnnual report

    「This excludes ¥1 million in dividends payable to The Master Trust Bank of Japan, Ltd. (Employee Stock Ownership ESOP Trust Account). This is because the Company's shares held by The Master Trust Bank of Japan, Ltd. (Employee Stock Ownership ESOP Trust Account) are recognized as treasury shares in the consolidated financial statements.」

    The accounting treatment of shares held by the Employee Stock Ownership ESOP Trust as treasury shares, and of dividends paid to the trust, continues to be disclosed.
  4. FY2019-Q1Trust assets were zero at quarter-endAnnual report

    「The 24,000 shares held as trust assets of the Employee Share Ownership ESOP Trust (none as of the end of the first quarter of the current fiscal year) are presented as treasury shares in the quarterly consolidated financial statements. However, they are not included above because voting rights in these shares are exercised in accordance with instructions from the trust administrator, reflecting the voting decisions of the company's employee share ownership plan.」

    The structure of the Employee Stock Ownership ESOP Trust continues to be disclosed, although there were no trust assets at the end of the first quarter accounting period.
  5. FY2018-Q3RestatedAnnual report

    「The 30,100 shares held as trust assets of the Employee Share Ownership ESOP Trust (25,600 shares as of the end of the third quarter of the current fiscal year) are presented as treasury shares in the consolidated financial statements. However, they are not included above because voting rights in these shares are exercised in accordance with instructions from the trust administrator, reflecting the voting decisions of the company's employee share ownership plan.」

    The company continues to disclose the structure of the Employee Share Ownership ESOP Trust and reported 25,600 shares of trust assets as of the end of the third quarter of the current fiscal year.
  6. FY2018-Q2RestatedAnnual report

    「The 30,100 shares held as trust assets of the Employee Share Ownership ESOP Trust are presented as treasury shares in the consolidated financial statements. However, they are not included above because voting rights in these shares are exercised in accordance with instructions from the trust administrator, reflecting the voting decisions of the company's employee share ownership plan.」

    The company continues to disclose the structure of the Employee Share Ownership ESOP Trust and reported 30,100 shares of trust assets.
  7. FY2018-Q1RestatedAnnual report

    「The 41,900 shares held as trust assets of the Employee Share Ownership ESOP Trust (36,500 shares as of the end of the first quarter of the current fiscal year) are presented as treasury shares in the consolidated financial statements. However, they are not included above because voting rights in these shares are exercised in accordance with instructions from the trust administrator, reflecting the voting decisions of the company's employee share ownership plan.」

    The company continues to disclose the structure of the Employee Share Ownership ESOP Trust and reported 36,500 shares of trust assets as of the end of the first quarter of the current fiscal year.
  8. FY2017RestatedAnnual report

    「The company has introduced an Employee Share Ownership ESOP Trust to provide employees with incentives to enhance corporate value over the medium to long term and to expand employee benefits.」

    The company reiterated the purpose of the ESOP trust and its structure for acquiring shares over 5 years and selling them to the employee share ownership plan, and disclosed that the trust held 41,900 shares at the end of March 2017.
  9. FY2017-Q3RestatedAnnual report

    「The 496,000 shares held as trust assets of the Employee Share Ownership ESOP Trust (44,200 shares as of the end of the third quarter of the current fiscal year) are presented as treasury shares in the consolidated financial statements. However, they are not included above because voting rights in these shares are exercised in accordance with instructions from the trust administrator, reflecting the voting decisions of the company's employee share ownership plan.」

    The company disclosed the structure of the Employee Share Ownership ESOP Trust and its 44,200 shares of trust assets as of the end of the third quarter of the current fiscal year.
  10. FY2017-Q2RestatedAnnual report

    「The 496,000 shares held as trust assets of the Employee Share Ownership ESOP Trust are presented as treasury shares in the consolidated financial statements. However, they are not included above because voting rights in these shares are exercised in accordance with instructions from the trust administrator, reflecting the voting decisions of the company's employee share ownership plan.」

    The company disclosed the structure of the Employee Share Ownership ESOP Trust and its 496,000 shares of trust assets as of the end of the second quarter of the current fiscal year.
  11. FY2017-Q1RestatedAnnual report

    「The 635,000 shares held as trust assets of the Employee Share Ownership ESOP Trust (569,000 shares as of the end of the first quarter of the current fiscal year) are presented as treasury shares in the consolidated financial statements. However, they are not included above because voting rights in these shares are exercised in accordance with instructions from the trust administrator, reflecting the voting decisions of the company's employee share ownership plan.」

    The company continues to disclose the structure of the Employee Share Ownership ESOP Trust and its shareholdings.
  12. FY2016First statedAnnual report

    「The company has introduced an Employee Share Ownership ESOP Trust to provide employees with incentives to enhance corporate value over the medium to long term and to expand employee benefits.」

    Under the scheme, the trust purchases in bulk the shares expected to be acquired by the employee share ownership plan over 5 years and sells them to the plan each month.
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Corporate Value Enhancement Incentives through an Employee Share Ownership ESOP Trust | Nitten Co.,Ltd. (2108) | Komori