Sharing share price and performance alignment with employees through a stock benefit trust
First written in FY2016. 21 of 24 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP, retirement benefit type) in December 2010, we contributed 3,400,000 treasury shares; in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares; and in connection with the introduction of the Stock Benefit Trust (J-ESOP, performance-based compensation type) in March 2022, we contributed 890,000 treasury shares to Japan Custody Bank, Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (4,308,600 shares) as of 31 December 2023.」
J-ESOP, BBT and the performance-based J-ESOP continue to operate. Shares held by the Trust E Account decreased from 4,319,000 at the end of September 2023 to 4,308,600 at the end of December 2023. - FY2024-Q2RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP, retirement benefit type) in December 2010, we contributed 3,400,000 treasury shares; in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares; and in connection with the introduction of the Stock Benefit Trust (J-ESOP, performance-based compensation type) in March 2022, we contributed 890,000 treasury shares to Japan Custody Bank, Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (4,319,000 shares) as of 30 September 2023.」
J-ESOP, BBT and the performance-based J-ESOP continue to operate, and the Trust E Account held 4,319,000 shares at the end of September 2023. - FY2024-Q1RestatedAnnual report
「We contributed 3,400,000 treasury shares in connection with the introduction of the Stock Benefit Trust (J-ESOP, retirement benefit type) in December 2010, 81,800 treasury shares in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, and 890,000 treasury shares in connection with the introduction of the Stock Benefit Trust (J-ESOP, performance-based compensation type) in March 2022, in each case to Japan Custody Bank, Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (4,322,600 shares) as of 30 June 2023.」
J-ESOP, BBT and the performance-based J-ESOP continue to operate, and the Trust E Account held 4,322,600 shares at the end of June 2023. - FY2023-Q3RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP, retirement benefit type) in December 2010, we contributed 3,400,000 treasury shares; in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares; and in connection with the introduction of the Stock Benefit Trust (J-ESOP, performance-based compensation type) in March 2022, we contributed 890,000 treasury shares to Japan Custody Bank, Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (4,338,800 shares) as of 31 December 2022.」
The employee J-ESOP, director BBT and performance-based J-ESOP continue to operate. The Trust E Account held 4,338,800 shares at the end of December 2022. - FY2023-Q2RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP, retirement benefit type) in December 2010, we contributed 3,400,000 treasury shares; in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares; and in connection with the introduction of the Stock Benefit Trust (J-ESOP, performance-based compensation type) in March 2022, we contributed 890,000 treasury shares to Japan Custody Bank, Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (4,347,300 shares) as of 30 September 2022.」
The employee J-ESOP, director BBT and performance-based J-ESOP introduced in March 2022 continue to operate, and the Trust E Account held 4,347,300 shares at the end of September 2022. - FY2023-Q1RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP, retirement benefit type) in December 2010, we contributed 3,400,000 treasury shares; in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares; and in connection with the introduction of the Stock Benefit Trust (J-ESOP, performance-based compensation type) in March 2022, we contributed 890,000 treasury shares to Japan Custody Bank, Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (4,347,700 shares) as of 30 June 2022.」
The employee J-ESOP, director BBT and performance-based J-ESOP introduced in March 2022 continue to operate, and the Trust E Account held 4,347,700 shares at the end of June 2022. - FY2022AchievedAnnual report
「Since March 2022, we have operated the Stock Benefit Trust (J-ESOP) performance-based compensation plan to provide shares of the Company to employees of the Company and its domestic consolidated subsidiaries, with the aim of fostering employees’ sense of belonging and motivating them to enhance corporate value.」
The performance-based J-ESOP, under which shares are awarded while employees remain employed and whose planned introduction was stated in the previous filing, was reported as having been implemented from March 2022. The planned number of shares is 890,000. - FY2022-Q3RaisedAnnual report
「At a meeting of the Board of Directors held on 8 February 2022, we resolved to introduce the Stock Benefit Trust (J-ESOP), an incentive plan under which shares of the Company will be awarded to employees while they remain employed. Disposal date: 1 March 2022 (scheduled); number of shares to be disposed of: 890,000; total disposal amount: ¥942,510,000.」
A plan was presented to introduce a new J-ESOP under which shares would be awarded while employees remain employed, in addition to the existing plan under which shares are awarded upon retirement or other events, with the value reflected in employee compensation. The Company plans to dispose of 890,000 treasury shares with a total value of ¥942,510,000 to the Trust E Account. The plan is intended to foster employees’ sense of belonging and motivate them to enhance corporate value. - FY2022-Q2RestatedAnnual report
「The number of treasury shares includes the Company’s shares held by the Trust E Account (3,463,700 shares) as of 30 September 2021.」
The shares held by the Trust E Account for use in J-ESOP and BBT were reported as 3,463,700 at the end of September 2021. - FY2022-Q1RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP) in December 2010, we contributed 3,400,000 treasury shares, and in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares to Japan Custody Bank, Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,464,000 shares) as of 30 June 2021.」
The operation of J-ESOP and BBT continues, and the Trust E Account held 3,464,000 shares at the end of June 2021, according to the report. - FY2021-Q3RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP) in December 2010, we contributed 3,400,000 treasury shares, and in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares to Japan Custody Bank, Ltd. (Trust E Account) (1-8-12 Harumi, Chuo-ku, Tokyo). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,473,600 shares) as of 31 December 2020.」
The operation of J-ESOP and BBT continues, and the Trust E Account held 3,473,600 shares at the end of December 2020, according to the report. - FY2021-Q2RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP) in December 2010, we contributed 3,400,000 treasury shares, and in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares to Japan Custody Bank, Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,477,500 shares) as of 30 September 2020.」
The operation of J-ESOP and BBT continues, and the Trust E Account held 3,477,500 shares at the end of September 2020, according to the report. - FY2021-Q1RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP) in December 2010, we contributed 3,400,000 treasury shares, and in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares to Asset Management Service Trust Bank Co., Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,404,800 shares) as of 30 June 2020.」
The operation of J-ESOP and BBT continues, and the Trust E Account held 3,404,800 shares at the end of June 2020, according to the report. - FY2020-Q3RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP) in December 2010, we contributed 3,400,000 treasury shares, and in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares to Asset Management Service Trust Bank Co., Ltd. (Trust E Account) (1-8-12 Harumi, Chuo-ku, Tokyo). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,424,200 shares) as of 30 September 2019.」
The operation of J-ESOP and BBT continues, and the Trust E Account held 3,424,200 shares at the end of September 2019, according to the report. - FY2020-Q2RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP) in December 2010, we contributed 3,400,000 treasury shares, and in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares to Asset Management Service Trust Bank Co., Ltd. (Trust E Account) (1-8-12 Harumi, Chuo-ku, Tokyo). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,424,200 shares) as of 30 September 2019.」
The operation of J-ESOP and BBT continues, and the Trust E Account held 3,424,200 shares at the end of September 2019, according to the report. - FY2020-Q1RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP) in December 2010, we contributed 3,400,000 treasury shares, and in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares to Asset Management Service Trust Bank Co., Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,434,900 shares) as of 31 March 2019.」
The operation of J-ESOP and BBT continues, and the Trust E Account held 3,434,900 shares at the end of March 2019, according to the report. - FY2019-Q3RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP) in December 2010, we contributed 3,400,000 treasury shares, and in connection with the introduction of the Board Benefit Trust (BBT) in October 2017, we contributed 81,800 treasury shares to Asset Management Service Trust Bank Co., Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,457,900 shares) as of 30 September 2018.」
The operation of J-ESOP and BBT continues, and the Trust E Account held 3,457,900 shares at the end of September 2018, according to the report. - FY2019-Q2RestatedAnnual report
「Asset Management Service Trust Bank Co., Ltd. (Trust E Account) is the re-trustee for the Company’s shares under the Stock Benefit Trust (J-ESOP) and the Board Benefit Trust (BBT), and these shares are included in the number of treasury shares.」
The shares held by the Trust E Account for use in J-ESOP and BBT were reported as 3,457,900 as of 30 September 2018. - FY2019-Q1RestatedAnnual report
「The number of treasury shares includes the Company’s shares held by the Trust E Account (3,463,600 shares) as of 31 March 2018.」
The number of shares held by the Trust E Account, including shares used for the Stock Benefit Trust (J-ESOP), was reported as 3,463,600 at the end of March 2018. - FY2018-Q3RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP), on 1 December 2010 we contributed 3,400,000 treasury shares to Asset Management Service Trust Bank Co., Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,382,900 shares) as of 30 September 2017.」
The operation of J-ESOP continues, and the Trust E Account held 3,382,900 shares at the end of September 2017, according to the report. - FY2018-Q2RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP), on 1 December 2010 we contributed 3,400,000 treasury shares to Asset Management Service Trust Bank Co., Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,382,900 shares) as of 30 September 2017.」
The operation of J-ESOP continues, and the Trust E Account held 3,382,900 shares at the end of September 2017, according to the report. - FY2017RestatedAnnual report
「We have introduced the Stock Benefit Trust (J-ESOP) to strengthen the linkage between a portion of employee compensation and the Company’s share price and operating performance, share with shareholders the economic benefits arising from changes in the share price, and increase employees’ motivation and morale to raise the share price and improve operating performance.」
The purpose and operation of J-ESOP continue, and the Trust E Account held 3,384,000 shares at the end of March 2017. - FY2017-Q3RestatedAnnual report
「In connection with the introduction of the Stock Benefit Trust (J-ESOP), on 1 December 2010 we contributed 3,400,000 treasury shares to Asset Management Service Trust Bank Co., Ltd. (Trust E Account). The number of treasury shares includes the Company’s shares held by the Trust E Account (3,385,900 shares) as of 30 September 2016.」
The background to the introduction of the Stock Benefit Trust (J-ESOP) and the 3,385,900 shares held by the Trust E Account as of the end of September 2016 have been confirmed. - FY2016First statedAnnual report
「We had been researching ESOPs (Employee Stock Ownership Plans), which are widely used mainly in the United States as an employee incentive plan. However, as the issues under the current legal framework have largely been整理ed in the “Report on New Schemes for Holding Company Shares” published by the Ministry of Economy, Trade and Industry on 17 November 2008 and other documents, we have decided to introduce this plan separately from the current retirement benefit plan, as a means for employees to feel their contribution to the company’s business.」
A plan designed to strengthen the linkage with share price and operating performance by awarding points to employees and providing shares or cash upon retirement or other events. The planned number of shares is 3,400,000, based on the expected award of points over 20 years.