Introduction of a Stock Benefit Trust (Employee Stock Ownership Association Disposal Type) and Disposal of Treasury Shares
First written in FY2020-Q3. 17 of 19 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「The decrease of 105 thousand common treasury shares comprises a decrease of 105 thousand shares from the sale of the Company's shares held by Custody Bank of Japan, Ltd. (Trust Account E) under the Share Benefit Trust (Employee Stock Ownership Plan Disposal Type), and a decrease of zero shares from the sale of less-than-one-unit shares.」
The Share Benefit Trust (Employee Stock Ownership Plan Disposal Type) ended in the previous consolidated fiscal year, and the sale of the 105 thousand shares held by Trust Account E was completed. - FY2026-H1AdvancedAnnual report
「The Company's shares held by Custody Bank of Japan, Ltd. (Trust Account E), which are recorded as treasury shares in shareholders' equity, are included in treasury shares deducted when calculating the weighted-average number of shares for purposes of calculating interim net income per share (98 thousand shares in the previous interim consolidated accounting period and zero shares in the current interim consolidated accounting period).」
Treasury shares held by Trust Account E under the share benefit trust decreased from 98 thousand shares in the same period of the previous year to zero in the current interim consolidated accounting period. The disposal and operation of the trust shares are progressing. - FY2025-H1AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥34,190 thousand and 105 thousand shares at the end of the previous consolidated fiscal year, and ¥28,275 thousand and 87 thousand shares at the end of the interim consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 105 thousand shares to 87 thousand shares, and their carrying amount decreased from ¥34,190 thousand to ¥28,275 thousand. - FY2024-Q3AdvancedAnnual report
「Custody Bank of Japan, Ltd. will acquire in advance, in Trust Account E established with Custody Bank of Japan, Ltd. ("Trust Account E"), a lump sum of the Company's shares equivalent to the number expected to be purchased by the employee stock ownership plan over 5 years after the establishment of the trust, and will subsequently sell the Company's shares when the employee stock ownership plan purchases shares. The carrying amount and number of these treasury shares were ¥47,092 thousand and 144 thousand shares at the end of the previous consolidated fiscal year, and ¥35,522 thousand and 109 thousand shares at the end of the third-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 144 thousand shares to 109 thousand shares, and their carrying amount decreased from ¥47,092 thousand to ¥35,522 thousand. - FY2024-Q2AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥47,092 thousand and 144 thousand shares at the end of the previous consolidated fiscal year, and ¥40,105 thousand and 123 thousand shares at the end of the second-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 144 thousand shares to 123 thousand shares, and their carrying amount decreased from ¥47,092 thousand to ¥40,105 thousand. - FY2024-Q1AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥47,092 thousand and 144 thousand shares at the end of the previous consolidated fiscal year, and ¥45,110 thousand and 138 thousand shares at the end of the first-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 144 thousand shares to 138 thousand shares, and their carrying amount decreased from ¥47,092 thousand to ¥45,110 thousand. - FY2023AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥65,130 thousand and 200 thousand shares at the end of the previous consolidated fiscal year, and ¥47,092 thousand and 144 thousand shares at the end of the fiscal year.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 200 thousand shares to 144 thousand shares, and their carrying amount decreased from ¥65,130 thousand to ¥47,092 thousand. - FY2023-Q3AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥65,130 thousand and 200 thousand shares at the end of the previous consolidated fiscal year, and ¥49,367 thousand and 151 thousand shares at the end of the third-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 200 thousand shares to 151 thousand shares, and their carrying amount decreased from ¥65.13 million to ¥49.367 million. - FY2023-Q2AdvancedAnnual report
「Custody Bank of Japan, Ltd. will acquire in advance, in Trust Account E established with Custody Bank of Japan, Ltd. ("Trust Account E"), a lump sum of the Company's shares equivalent to the number expected to be purchased by the employee stock ownership plan over 5 years after the establishment of the trust, and will subsequently sell the Company's shares when the employee stock ownership plan purchases shares. The carrying amount and number of these treasury shares were ¥65,130 thousand and 200 thousand shares at the end of the previous consolidated fiscal year, and ¥56,322 thousand and 173 thousand shares at the end of the second-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 200 thousand shares to 173 thousand shares, and their carrying amount decreased from ¥65.13 million to ¥56.32 million. - FY2023-Q1AdvancedAnnual report
「Custody Bank of Japan, Ltd. will acquire in advance, in Trust Account E established with Custody Bank of Japan, Ltd. ("Trust Account E"), a lump sum of the Company's shares equivalent to the number expected to be purchased by the employee stock ownership plan over 5 years after the establishment of the trust, and will subsequently sell the Company's shares when the employee stock ownership plan purchases shares. The carrying amount and number of these treasury shares were ¥65,130 thousand and 200 thousand shares at the end of the previous consolidated fiscal year, and ¥62,497 thousand and 192 thousand shares at the end of the first-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 200 thousand shares to 192 thousand shares, and their carrying amount decreased from ¥65.13 million to ¥62.49 million. - FY2022AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥80,470 thousand and 247 thousand shares at the end of the previous consolidated fiscal year, and ¥65,130 thousand and 200 thousand shares at the end of the fiscal year.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 247 thousand shares to 200 thousand shares, and their carrying amount decreased from ¥80.47 million to ¥65.13 million. - FY2022-Q3AdvancedAnnual report
「Custody Bank of Japan, Ltd. will acquire in advance, in Trust Account E established with Custody Bank of Japan, Ltd. ("Trust Account E"), a lump sum of the Company's shares equivalent to the number expected to be purchased by the employee stock ownership plan over 5 years, and will sell the Company's shares when the employee stock ownership plan purchases shares. The Company's shares remaining in the trust are recorded as treasury shares in net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥80,470 thousand and 247 thousand shares at the end of the previous consolidated fiscal year, and ¥67,535 thousand and 207 thousand shares at the end of the third-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 247 thousand shares at the end of the previous consolidated fiscal year to 207 thousand shares, and their carrying amount decreased from ¥80.47 million to ¥67.53 million. - FY2022-Q2AdvancedAnnual report
「Custody Bank of Japan, Ltd. will acquire in advance, in Trust Account E established with Custody Bank of Japan, Ltd. ("Trust Account E"), a lump sum of the Company's shares equivalent to the number expected to be purchased by the employee stock ownership plan over 5 years, and will sell the Company's shares when the employee stock ownership plan purchases shares.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 247 thousand shares at the end of the previous consolidated fiscal year to 224 thousand shares, and their carrying amount decreased from ¥80.47 million to ¥72.93 million. - FY2022-Q1AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥80,470 thousand and 247 thousand shares at the end of the previous consolidated fiscal year, and ¥78,162 thousand and 240 thousand shares at the end of the first-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 247 thousand shares to 240 thousand shares, and their carrying amount decreased from ¥80.47 million to ¥78.16 million. - FY2021-Q3AdvancedAnnual report
「Custody Bank of Japan, Ltd. will acquire in advance, in Trust Account E established with Custody Bank of Japan, Ltd. ("Trust Account E"), a lump sum of the Company's shares equivalent to the number expected to be purchased by the employee stock ownership plan over 5 years, and will sell the Company's shares when the employee stock ownership plan purchases shares. The carrying amount and number of these treasury shares were ¥98,312 thousand and 302 thousand shares at the end of the previous consolidated fiscal year, and ¥82,940 thousand and 255 thousand shares at the end of the third-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 302 thousand shares to 255 thousand shares, and their carrying amount decreased from ¥98,312 thousand to ¥82,940 thousand. - FY2021-Q2AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥98,312 thousand and 302 thousand shares at the end of the previous consolidated fiscal year, and ¥88,367 thousand and 271 thousand shares at the end of the second-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 302 thousand shares to 271 thousand shares, and their carrying amount decreased from ¥98,312 thousand to ¥88,367 thousand. - FY2021-Q1AdvancedAnnual report
「Asset Management Service Trust Bank, Ltd. will acquire in advance, in Trust Account E established with Asset Management Service Trust Bank, Ltd. ("Trust Account E"), a lump sum of the Company's shares equivalent to the number expected to be purchased by the employee stock ownership plan over 5 years, and will sell the Company's shares when the employee stock ownership plan purchases shares. The carrying amount and number of these treasury shares were ¥98,312 thousand and 302 thousand shares at the end of the previous consolidated fiscal year, and ¥95,095 thousand and 292 thousand shares at the end of the first-quarter consolidated accounting period.」
As the share benefit trust's operations progressed, treasury shares remaining in the trust decreased from 302 thousand shares to 292 thousand shares, and their carrying amount decreased from ¥98,312 thousand to ¥95,095 thousand. - FY2020AdvancedAnnual report
「Asset Management Service Trust Bank, Ltd. will acquire in advance, in Trust Account E established with Asset Management Service Trust Bank, Ltd., a lump sum of the Company's shares equivalent to the number expected to be purchased by the employee stock ownership plan over the next 5 years, and will subsequently sell the Company's shares when the employee stock ownership plan purchases shares.」
The share benefit trust was introduced in March 2020, with Trust Account E acquiring 306,200 shares. At fiscal year-end, 302 thousand shares remained in the trust and 3,700 shares had been sold to the employee stock ownership plan. - FY2020-Q3First statedAnnual report
「At a Board of Directors meeting held on 14 November 2019, the Company resolved to introduce the Share Benefit Trust (Employee Stock Ownership Plan Disposal Type) (the "Employee Stock Ownership Plan-type ESOP") to enhance employee welfare and provide incentives linked to increasing corporate value. At a Board of Directors meeting held on 14 February 2020, the Company resolved the details of the plan.」
The Company will introduce the Employee Stock Ownership Plan-type ESOP to ensure a stable supply of the Company's shares to the employee stock ownership plan and provide employees with incentives linked to increasing corporate value. The trust is scheduled to be established on 2 March 2020 and to run from 2 March 2020 to 17 March 2025, with total acquisition cost of ¥99,515,000. The Company has also resolved to dispose of 306,200 common shares to Trust Account E through a third-party allotment at ¥325 per share, for a total of ¥99,515,000.