ESOP for an Employee Stock Ownership Association
First written in FY2016. 1 of 3 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2017-Q2.
37 other companies' latest entry also says "Achieved".
- FY2017-Q2AchievedAnnual report
「The trust was terminated in July 2016.」
It was expressly stated that the trust for the ESOP for the employee shareholding association was terminated in July 2016. - FY2017-Q1AdvancedAnnual report
「As all of the company's shares held by Trust E were sold during the first quarter of the current fiscal year, there were no shares held by the trust at the end of the period (the carrying amount of the shares held by Trust E at the end of the previous consolidated fiscal year was ¥4,883 thousand, and the number of shares at period-end was 4,240).」
All shares held by Trust E under the ESOP were sold during the quarter, leaving zero shares at period-end. As the termination of the plan itself is not stated, this is treated as a specific development rather than completion. - FY2016First statedAnnual report
「This is an incentive plan for all employees who join the Kyoritsu Electric employee shareholding association (the “Shareholding Association”), under which the benefits of an increase in the market price of the company's shares are returned to employees.」
A trust-based incentive plan covering all employees, under which the Shareholding Association will acquire 79,600 shares over approximately 5 years, is described.