Employee Motivation and Talent Retention through a Stock Benefit Trust (J-ESOP)
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2019.
1 other company's latest entry also says "Dropped".
- FY2019DroppedAnnual report
「During the fiscal year, we discontinued the stock compensation trust scheme and transitioned to other employee welfare schemes.」
J-ESOP was discontinued during the fiscal year and transitioned to other employee welfare schemes. - FY2018AdvancedAnnual report
「At a Board of Directors meeting held on 10 May 2018, we resolved to dispose of treasury shares through a private placement in connection with an additional contribution to the stock compensation trust (J-ESOP). On 28 May 2018, we disposed of treasury shares through a private placement to Asset Management Service Trust Bank, Ltd. (Trust E Account).」
As an additional contribution to the J-ESOP trust, 64,000 treasury shares were disposed of on 28 May 2018 for ¥76,736,000. - FY2017RestatedAnnual report
「For employee welfare purposes, we have introduced a stock compensation trust (J-ESOP) (the “Plan”) that grants points exchangeable for Company shares upon retirement, with the aim of strengthening the linkage to the share price and business performance and enhancing employee motivation and morale.」
J-ESOP continues as an employee welfare initiative intended to improve employee motivation and morale and contribute to the retention of highly skilled personnel. - FY2017-Q2RestatedAnnual report
「At a Board of Directors meeting held on 6 February 2013, we resolved to introduce the stock compensation trust (J-ESOP) as a new employee welfare initiative. The Plan grants points exchangeable for Company shares upon retirement, with the aim of strengthening the linkage to the share price and business performance and enhancing employee motivation and morale.」
J-ESOP continues to operate as an employee welfare initiative aimed at improving employee motivation and morale. The number of shares held in the trust account was stated to be 75,200 at the end of the second-quarter accounting period. - FY2016First statedAnnual report
「For employee welfare purposes, we have introduced a stock compensation trust (J-ESOP) (the “Plan”) that grants points exchangeable for Company shares upon retirement, with the aim of strengthening the linkage to the share price and business performance and enhancing employee motivation and morale.」
The Plan grants points based on length of service, celebratory occasions and other factors, and provides shares upon retirement and other events. It is expected to contribute to employee motivation and morale and the retention of highly skilled personnel.