Reintroduction of the trust-type ESOP for the employee stock ownership association
First written in FY2017. 12 of 14 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2021.
37 other companies' latest entry also says "Achieved".
- FY2021AchievedAnnual report
「The trust was terminated in March 2021.」
For the employee stock ownership plan trust-type ESOP reintroduced in 2017, the share sale structure extending over approximately 5 years has ended, and no shares remain in the trust. - FY2021-Q3AdvancedAnnual report
「Under this plan, the ESOP trust account established to transfer the company’s shares to the “Avex Employee Stock Ownership Plan” acquires in advance, in a lump sum, the number of shares to be acquired by the employee stock ownership plan and sells them to the plan over approximately 5 years after the trust is established. The carrying amount and number of these treasury shares were ¥87 million and 57 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥9 million and 6 thousand shares, respectively, in the third quarter of the current consolidated fiscal year.」
The sale structure extending over approximately 5 years from the ESOP trust account to the employee stock ownership plan is progressing, with the shares remaining declining from 57 thousand to 6 thousand and the carrying amount declining from ¥87 million to ¥9 million. - FY2021-Q2AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥87 million and 57 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥33 million and 22 thousand shares, respectively, in the second quarter of the current consolidated fiscal year.」
The structure under which shares are sold from the ESOP trust account to the employee stock ownership plan over approximately 5 years is progressing, with the shares remaining declining from 57 thousand to 22 thousand and the carrying amount declining from ¥87 million to ¥33 million. - FY2021-Q1AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥87 million and 57 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥62 million and 41 thousand shares, respectively, in the first quarter of the current consolidated fiscal year.」
The shares remaining in the ESOP trust account declined from 57 thousand at the end of the previous consolidated fiscal year to 41 thousand, while the carrying amount declined from ¥87 million to ¥62 million, indicating that the sale structure extending over approximately 5 years is progressing. - FY2020-Q3AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥169 million and 111 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥108 million and 70 thousand shares, respectively, in the third quarter of the current fiscal year.」
The structure under which shares are sold from the ESOP trust account to the employee stock ownership plan over approximately 5 years continues, with the shares remaining declining from 111 thousand to 70 thousand and the carrying amount declining from ¥169 million to ¥108 million. - FY2020-Q2AdvancedAnnual report
「Under this plan, the ESOP trust account established to transfer the company’s shares to the “Avex Employee Stock Ownership Plan” acquires in advance, in a lump sum, the number of shares to be acquired by the employee stock ownership plan and sells them to the plan over approximately 5 years after the trust is established. The carrying amount and number of these treasury shares were ¥169 million and 111 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥130 million and 85 thousand shares, respectively, in the second quarter of the current fiscal year.」
The structure under which shares are sold from the ESOP trust account to the employee stock ownership plan over approximately 5 years continues, with the shares remaining declining from 111 thousand at the end of the previous consolidated fiscal year to 85 thousand, and the carrying amount declining from ¥169 million to ¥130 million. - FY2020-Q1AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥169 million and 111 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥151 million and 99 thousand shares, respectively, in the first quarter of the current consolidated fiscal year.」
The structure under which shares are sold from the ESOP trust account to the employee stock ownership plan over approximately 5 years continues, with the shares remaining declining to 99 thousand at a carrying amount of ¥151 million. - FY2019AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥245 million and 161 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥169 million and 111 thousand shares, respectively, in the current consolidated fiscal year.」
The system under which shares are sold from the ESOP trust account to the employee stock ownership plan over approximately 5 years continues, with the shares remaining in the trust declining to 111 thousand at a carrying amount of ¥169 million. - FY2019-Q3AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥245 million and 161 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥186 million and 122 thousand shares, respectively, in the third quarter of the current fiscal year.」
The structure under which shares are sold from the ESOP trust account to the employee stock ownership plan over approximately 5 years continues, with 122 thousand shares remaining at a carrying amount of ¥186 million. - FY2019-Q2AdvancedAnnual report
「Under this plan, the ESOP trust account established to transfer the company’s shares to the “Avex Employee Stock Ownership Plan” acquires in advance, in a lump sum, the number of shares to be acquired by the employee stock ownership plan and sells them to the plan over approximately 5 years after the trust is established. The carrying amount and number of these treasury shares were ¥245 million and 161 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥207 million and 135 thousand shares, respectively, in the second quarter of the current fiscal year.」
The sale structure extending over approximately 5 years continues, and the shares remaining in the ESOP trust account have declined from 161 thousand at the end of the previous consolidated fiscal year to 135 thousand. - FY2019-Q1AdvancedAnnual report
「Under this plan, the ESOP trust account established to transfer the company’s shares to the “Avex Employee Stock Ownership Plan” acquires in advance, in a lump sum, the number of shares to be acquired by the employee stock ownership plan and sells them to the plan over approximately 5 years after the trust is established. The carrying amount and number of these treasury shares were ¥245 million and 161 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥228 million and 149 thousand shares, respectively, in the first quarter of the current fiscal year.」
The sale structure extending over approximately 5 years from the ESOP trust account to the employee stock ownership plan continues, with 149 thousand shares remaining at a carrying amount of ¥228 million. - FY2018-Q3AdvancedAnnual report
「Under this plan, the ESOP trust account established to transfer the company’s shares to the “Avex Employee Stock Ownership Plan” acquires in advance, in a lump sum, the number of shares to be acquired by the employee stock ownership plan and sells them to the plan over approximately 5 years after the trust is established. The carrying amount and number of these treasury shares were ¥263 million and 172 thousand shares, respectively, in the third quarter of the current fiscal year.」
The structure under which shares are sold from the ESOP trust account to the employee stock ownership plan over approximately 5 years continues, with 172 thousand shares remaining at a carrying amount of ¥263 million. - FY2018-Q2AdvancedAnnual report
「Under this plan, the ESOP trust account established to transfer the company’s shares to the “Avex Employee Stock Ownership Plan” acquires in advance, in a lump sum, the number of shares to be acquired by the employee stock ownership plan and sells them to the plan over approximately 5 years after the trust is established.」
The reintroduction of the ESOP has progressed from the resolution stage to implementation, with disclosure of 186 thousand shares held by the ESOP trust account, a carrying amount of ¥283 million and a sale structure extending over approximately 5 years. - FY2017First statedAnnual report
「At a meeting of the Board of Directors held on 11 May 2017, we resolved to reintroduce the “employee stock ownership plan trust-type ESOP” as an incentive plan for Group employees, with the aim of increasing their motivation to work and encouraging participation in management, thereby further promoting management focused on enhancing share value and increasing corporate value over the medium to long term.」
The employee stock ownership plan trust-type ESOP will be reintroduced to increase employee motivation, participation in management and corporate value over the medium to long term. The disclosure also describes a structure under which the trust acquires the company’s shares in a lump sum and sells them to the employee stock ownership plan.