Enhancing Medium- to Long-Term Corporate Value Through an Employee Stock Ownership ESOP Trust

「The Company's shares held by the ESOP Trust are presented as treasury shares under net assets. The carrying amount and number of these treasury shares were ¥97.935 million and 440,300 shares, respectively, as of the end of the previous consolidated fiscal year. The Company introduced the employee incentive plan, the Employee Stock Ownership ESOP Trust, in August 2014 to enhance corporate value over the medium to long term and expand employee benefits through the employee stock ownership plan, but the trust period expired in September 2019.」

「Since August 2014, the Company has operated the employee incentive plan, the Employee Stock Ownership ESOP Trust, using the employee stock ownership plan to enhance corporate value over the medium to long term and expand employee benefits.」

「Since August 2014, the Company has operated the employee incentive plan, the Employee Stock Ownership ESOP Trust, using the employee stock ownership plan to enhance corporate value over the medium to long term and expand employee benefits.」

「We introduced the Employee Stock Ownership ESOP Trust to further enhance the employee benefit program supporting the growth of the Company and, by providing incentives linked to an increase in the share price, raise employees' awareness of the Company's performance and equity value and help enhance corporate value over the medium to long term.」