Details of issuance or disposal
Disposal of the Company's common shares to the employee stock ownership plan using special incentive payments for the grant of restricted stock
The total number of common shares to be disposed of is expected to be approximately 10,000,000 shares, which is the upper limit. The annual limit is 300 shares per eligible employee.
The lower thin line represents the existing number of shares to which these shares will be added.
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of the Company's common shares to the employee stock ownership plan using special incentive payments for the grant of restricted stock |
| Number of shares to be issued or disposed of | The total number of common shares to be disposed of is expected to be approximately 10,000,000 shares, which is the upper limit. The annual limit is 300 shares per eligible employee. |
| Intended allottee | Employees among the Company's eligible employees (approximately 6,500 people) who consent to the terms of this program and join the employee stock ownership plan. Shares will be disposed of through the plan. |
| Transfer restriction period | In principle, 5 years from the disposal date of the shares granted in each fiscal year |
| Categories and Number of Persons Covered | Employees among the Company's eligible employees who consent to the terms of this program and join the employee stock ownership plan (approximately 6,500 eligible employees) |
Items this document does not state (23)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To foster each employee's awareness of their role in enhancing corporate value and link their willingness to take on challenges and apply ingenuity to improvements in the Company's competitiveness and profitability. In addition, to raise employee motivation, encourage new challenges, and establish a virtuous cycle leading to value creation and growth investment.