Strengthening Employee Ownership through a Stock Benefit Trust (J-ESOP)

「The Company records the shares remaining in the trust as treasury shares in net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥25,955 million and 23,081,372 shares at the end of the previous consolidated fiscal year, and ¥25,906 million and 23,038,245 shares at the end of the interim consolidated fiscal period, respectively.」

「The carrying amount and number of these treasury shares were ¥26,013 million and 11,566,547 shares at the end of the previous consolidated fiscal year, and ¥26,000 million and 11,560,802 shares at the end of the current consolidated fiscal year, respectively.」

「This plan is a trust-based employee benefit modeled on the US ESOP (Employee Stock Ownership Plan). Under the plan, the Company delivers its shares to employees who meet certain eligibility requirements, as outlined below. The Company awards points to employees based on their individual contributions and other factors, and delivers a number of Company shares equivalent to the points awarded when the employees acquire the right to receive benefits upon satisfying certain conditions. The Company records the shares remaining in the trust as treasury shares in net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥26,013 million and 11,566,547 shares at the end of the previous consolidated fiscal year, and ¥26,001 million and 11,561,686 shares at the end of the third quarter of the current consolidated fiscal year, respectively.」

「The carrying amount and number of these treasury shares were ¥26,013 million and 11,566,547 shares at the end of the previous consolidated fiscal year, and ¥26,008 million and 11,564,794 shares at the end of the second quarter of the current consolidated fiscal year, respectively.」

「This plan is a trust-based employee benefit modeled on the US ESOP (Employee Stock Ownership Plan). Under the plan, the Company delivers its shares to employees who meet certain eligibility requirements, as outlined below. The Company awards points to employees based on their individual contributions and other factors, and delivers a number of Company shares equivalent to the points awarded when the employees acquire the right to receive benefits upon satisfying certain conditions.」

「The Company records the shares remaining in the trust as treasury shares in net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥26,024 million and 11,571,907 shares at the end of the previous consolidated fiscal year, and ¥26,013 million and 11,566,721 shares at the end of the third quarter of the current consolidated fiscal year, respectively.」

「The Company records the shares remaining in the trust as treasury shares in net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥26,024 million and 11,571,907 shares at the end of the previous consolidated fiscal year, and ¥26,017 million and 11,568,587 shares at the end of the second quarter of the current consolidated fiscal year, respectively.」

「This plan is a trust-based employee benefit modeled on the US ESOP (Employee Stock Ownership Plan). Under the plan, the Company delivers its shares to employees who meet certain eligibility requirements, as outlined below. The Company awards points to employees based on their individual contributions and other factors, and delivers a number of Company shares equivalent to the points awarded when the employees acquire the right to receive benefits upon satisfying certain conditions.」

「This plan is a trust-based employee benefit modeled on the US ESOP (Employee Stock Ownership Plan). Under the plan, the Company delivers its shares to employees who meet certain eligibility requirements. The Company awards points to employees based on their individual contributions and other factors, and delivers a number of Company shares equivalent to the points awarded when the employees acquire the right to receive benefits upon satisfying certain conditions.」

「The Company records the shares remaining in the trust as treasury shares in net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥25,180 million and 11,231,200 shares at the end of the previous consolidated fiscal year, and ¥26,028 million and 11,573,416 shares at the end of the second quarter of the current consolidated fiscal year, respectively.」

「This plan is a trust-based employee benefit modeled on the US ESOP (Employee Stock Ownership Plan). Under the plan, the Company delivers its shares to employees who meet certain eligibility requirements. The Company awards points to employees based on their individual contributions and other factors, and delivers a number of Company shares equivalent to the points awarded when the employees acquire the right to receive benefits upon satisfying certain conditions.」

「This plan is a trust-based employee benefit modeled on the US ESOP (Employee Stock Ownership Plan). Under the plan, the Company delivers its shares to employees who meet certain eligibility requirements. The Company awards points to employees based on their individual contributions and other factors, and delivers a number of Company shares equivalent to the points awarded when the employees acquire the right to receive benefits upon satisfying certain conditions.」

「At a meeting of the Board of Directors held on 26 May 2021, the Company resolved to introduce a stock compensation trust (J-ESOP) and dispose of treasury shares through a third-party allotment in order to further enhance the sense of ownership and management awareness among employees who demonstrate a high level of commitment and take on challenges. On 11 June 2021, the Company entered into a stock compensation trust agreement with Mizuho Trust & Banking Co., Ltd. (the “Trust Agreement”), and on the same date disposed of treasury shares through a third-party allotment to The Japan Custody Bank, Ltd. (Trust Account E) (the “Treasury Share Disposal”). Class and number of shares to be disposed of: 11,231,200 common shares Disposal price: ¥2,242 per share Total disposal amount: ¥25,180,350,400 Trust period: From 11 June 2021 until termination of the trust (no specific termination date has been set, and the trust will continue for as long as the plan remains in effect).」