Employee Incentives Through the Stock Benefit Trust (J-ESOP)
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023-Q1.
21 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「The carrying amount and number of shares of the treasury shares concerned were ¥417 million and 150 thousand shares at the end of the previous consolidated fiscal year, and ¥417 million and 150 thousand shares at the end of the first quarter of the current consolidated fiscal year.」
The balance of 150 thousand shares held in trust has remained unchanged since the J-ESOP scheme was introduced. - FY2022First statedAnnual report
「Following a resolution of the Board of Directors meeting held on 18 February 2022, the company introduced an incentive plan, the Stock Benefit Trust (J-ESOP), under which shares of the company are granted to employees of the company and its group companies. The plan is intended to further align employees’ treatment with the company’s share price and performance and to enhance employees’ motivation and morale to improve the share price and performance by sharing the economic benefits with shareholders. …Total number of shares scheduled to be acquired by employees: maximum of 150,000 shares (over 3 years)」
The company entered into a trust agreement and established a money trust on 10 March 2022, introduced a scheme under which employees are awarded points based on performance and other factors, and grants up to 150,000 shares over 3 years.