Medium- to long-term incentives to enhance corporate value through a trust for share acquisition rights
First written in FY2019. 3 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2024.
The whole theme swung hardest in 2023: 1 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Achieved".
- FY2024AchievedAnnual report
「Upon the expiry of the trust period, the company distributed the Series 3 stock acquisition rights held in this trust to group officers and employees and persons engaged under advisory or outsourcing agreements as follows.」
The company distributed 143 rights to officers, 1,365 to employees and 40 to advisers and outsourcing providers, for a total of 1,548 Series 3 stock acquisition rights. The distribution upon expiry of the trust period has been completed. - FY2024-Q3AdvancedAnnual report
「As a result, the company recorded a ¥55.632 million loss related to trust-based stock options as an extraordinary loss.」
Following the partial reimbursement of the additional burden and partial waiver of the right of recourse announced through the previous quarter, the company recorded an actual loss of ¥55.632 million related to the trust-based stock options. - FY2024-Q2Additional burden incurred and partial reimbursementAnnual report
「In light of the National Tax Agency's view, the company consulted and confirmed matters with external experts regarding the trust-based stock options it had introduced. Because officers and employees and others incurred additional burdens that had not been anticipated and the incentives initially envisaged would therefore not function as intended, the company resolved at a board meeting held on 13 October 2023 to partially reimburse the additional burden and waive part of its right of recourse, taking into account its communications with officers and employees and others and the circumstances surrounding the introduction of the trust-based stock options. As a result of these decisions, the company expects to record a ¥55 million loss related to trust-based stock options as an extraordinary loss in the third-quarter consolidated accounting period.」
Following the National Tax Agency's tax interpretation, the company determined that trust-based stock options would impose additional burdens on officers and employees and others and that the incentives initially envisaged would not function as intended, and resolved to provide partial reimbursement and waive part of its right of recourse. The company expects to record an extraordinary loss of ¥55 million in the third-quarter consolidated accounting period. - FY2022AdvancedAnnual report
「Upon the expiry of the trust period, the company distributed A01 and A02 of the Series 3 stock acquisition rights held in this trust to group officers and employees and persons engaged under advisory or outsourcing agreements as follows.」
In addition to A01, stock acquisition rights under A02 were distributed upon expiry of the trust period. A03 will remain under management and is scheduled to be distributed based on future achievements. - FY2020AdvancedAnnual report
「Upon the expiry of the trust period, the company distributed the A01 stock acquisition rights among the Series 3 stock acquisition rights held in this trust to group officers and employees and persons engaged under advisory or outsourcing agreements as follows.」
The trust period for A01 of the stock acquisition rights trust expired, and the rights were distributed to officers, employees and advisers. A02 and A03 remain under management and are scheduled to be distributed based on future achievements. - FY2019First statedAnnual report
「松本深雪 (松本深雪) will distribute 1,548 Series 3 stock acquisition rights, equivalent to 100 shares per right as of the filing date, to officers and employees of the group and persons engaged under advisory or outsourcing agreements who meet the beneficiary eligibility requirements, based on their achievements. Unlike incentive plans using existing stock acquisition rights, this plan allows the amount of incentives distributed to group officers and employees and persons engaged under advisory or outsourcing agreements to be determined at a future date based on an assessment of their future achievements, thereby enabling the company to reward individual efforts more fully and to distribute stock acquisition rights to future group officers and employees and persons engaged under advisory or outsourcing agreements under the same criteria, without excessive differences arising from the timing of their involvement.」
The company introduced a trust-based incentive scheme under which stock acquisition rights are distributed based on assessments of future achievements, with the trust period set at 2, 3 or 5 years after listing.