Introduction of a Trust-Type ESOP for an Employee Stock Ownership Plan
First written in FY2019. 4 of 8 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2023.
19 other companies' latest entry also says "Other".
- FY2023Existing trust-held shares shifted primarily to the stock delivery trust for directors and executive officersAnnual report
「In connection with the introduction of the “stock delivery trust for directors,” the 257,900 shares of the Company held by Custody Bank of Japan, Ltd. (Trust Account), representing 2,579 voting rights, are included in “shares with full voting rights (other)” in the presentation.」
The current-year disclosure shows 257,900 shares held under the stock delivery trust for directors, while shares held under the employee stock ownership plan trust-type ESOP have been excluded from the current description of trust-held shares. - FY2023-Q3Update to trust-held sharesAnnual report
「In connection with the introduction of the “stock delivery trust for directors,” the 146,700 shares of the Company held by Custody Bank of Japan, Ltd. (Trust Account), representing 1,467 voting rights, are included in “shares with full voting rights (other)” in the presentation.」
For trust-held shares, the Company disclosed 146,700 shares held under the stock delivery trust for directors at the end of the third quarter. Shares held under the employee stock ownership plan trust-type ESOP are not included in this disclosure. - FY2023-Q1Number of Shares Held in Trust UpdatedAnnual report
「In connection with the introduction of the “stock delivery trust for directors” and the “employee stock ownership plan trust-type ESOP,” the 178,700 shares of the Company held by Custody Bank of Japan, Ltd. (Trust Account), representing 1,787 voting rights, are included in “shares with full voting rights (other)” in the presentation.」
The Company disclosed a total of 178,700 shares held in the trust accounts for the stock delivery trust for directors and the employee stock ownership plan trust-type ESOP. - FY2022AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥750 million and 150 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥78 million and 15 thousand shares, respectively, at the end of the current consolidated fiscal year.」
The remaining shares in the ESOP trust decreased from 150 thousand shares to 15 thousand shares as shares were delivered to employees. - FY2022-Q2AdvancedAnnual report
「Of the shares held by Custody Bank of Japan, Ltd. (Trust Account), 162 thousand shares relate to the stock delivery trust for directors, and 71 thousand shares relate to the employee stock ownership plan trust-type ESOP.」
The Company disclosed 71 thousand shares under the employee stock ownership plan trust-type ESOP, indicating that the delivery of shares to employees is progressing. - FY2021AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥1,243 million and 249 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥750 million and 150 thousand shares, respectively, at the end of the current consolidated fiscal year.」
As shares were delivered to employees under the ESOP trust, the remaining shares held in the trust decreased from 249 thousand shares to 150 thousand shares. - FY2020-Q1AdvancedAnnual report
「In connection with the introduction of the “employee stock ownership plan trust-type ESOP,” the 401,600 shares of the Company held by Japan Trustee Services Bank, Ltd. (Trust Account), representing 4,016 voting rights, are included in “shares with full voting rights (other)” in the presentation.」
The 401,600 shares held in the trust account under the employee stock ownership plan trust-type ESOP are reflected in the share and voting rights information. - FY2019First statedAnnual report
「At a meeting of the Board of Directors held on 1 November 2019, the Company introduced the employee incentive plan “employee stock ownership plan trust-type ESOP” as part of its employee benefits. The plan is intended to revitalize the employee stock ownership plan of the Company Group and promote stable asset formation by Group employees, as well as to enhance their awareness of participating in company management and provide incentives to improve performance, thereby increasing the Company’s medium- to long-term corporate value.」
The Company introduced a plan to acquire in a lump sum the 401,600 shares expected to be purchased by the employee stock ownership plan trust over approximately 3.5 years. The plan is intended to support employees’ asset formation, encourage their participation in management and provide incentives to improve performance.