Enhancing Medium- to Long-Term Corporate Value Through an Employee Stock Ownership ESOP Trust
First written in FY2016. 12 of 22 entries say "Restated". Latest entry: FY2024.
4 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「The scheme ended in May 2023.」
The employee share ownership ESOP trust reintroduced in 2020 ended in May 2023, and no shares remained in the trust at the end of the current consolidated fiscal year. - FY2024-Q3Change in the composition of shares held by the trustsAnnual report
「The common shares in the “Other” column under “Shares with Full Voting Rights” include 420,400 company shares owned by the executive compensation BIP trust account (4,204 voting rights) and 340,900 company shares owned by the share-grant ESOP trust account (3,409 voting rights).」
As of 31 December 2023, the employee share ownership ESOP trust account was no longer listed, while 420,400 shares held by the executive compensation BIP trust account and 340,900 shares held by the share-grant ESOP trust account were disclosed. The composition of shares held by the trusts has changed. - FY2024-Q2Decrease in the number of shares held by the trustAnnual report
「Employee share ownership ESOP trust: 92,483 shares in the cumulative second quarter of the previous consolidated fiscal year, 3,217 shares in the cumulative second quarter of the current consolidated fiscal year; executive compensation BIP trust account: 329,436 shares and 290,547 shares, respectively; share-grant ESOP trust account: 450,331 shares and 405,981 shares, respectively.」
In calculating the average number of shares outstanding during the period, the number of shares deducted for the employee share ownership ESOP trust, executive compensation BIP trust, and share-grant ESOP trust all decreased from the same period of the previous year. - FY2024-Q1Decrease in shares held under the employee share ownership ESOP trustAnnual report
「Employee share ownership ESOP trust: 108,600 shares in the cumulative first quarter of the previous consolidated fiscal year, 6,433 shares in the cumulative first quarter of the current consolidated fiscal year; executive compensation BIP trust: 346,034 shares and 290,547 shares, respectively; share-grant ESOP trust: 453,171 shares and 411,297 shares, respectively.」
Among shares held by the trusts, the average number of shares held during the period under the employee share ownership ESOP trust decreased from 108,600 to 6,433, while the shares held under the executive compensation BIP trust and share-grant ESOP trust also decreased. - FY2023-Q3Decrease in the number of shares held by the trustAnnual report
「The common shares in the “Other” column under “Shares with Full Voting Rights” include 25,800 company shares owned by the employee share ownership ESOP trust account (258 voting rights), 290,500 company shares owned by the executive compensation BIP trust account (2,905 voting rights), and 431,400 company shares owned by the share-grant ESOP trust account (4,314 voting rights).」
As of 31 December 2022, the shares held by the trusts totaled 25,800 under the employee share ownership ESOP trust, 290,500 under the executive compensation BIP trust, and 431,400 under the share-grant ESOP trust. These figures were down from 65,700, 302,800, and 444,100 shares, respectively, disclosed for the previous quarter. - FY2023-Q2RestatedAnnual report
「The common shares in the “Other” column under “Shares with Full Voting Rights” include 65,700 company shares owned by the employee share ownership ESOP trust account (657 voting rights), 302,800 company shares owned by the executive compensation BIP trust account (3,028 voting rights), and 444,100 company shares owned by the share-grant ESOP trust account (4,441 voting rights).」
The company continues to disclose shareholdings under the employee share ownership ESOP trust, executive compensation BIP trust, and share-grant ESOP trust. - FY2023-Q1RestatedAnnual report
「The common shares in the “Other” column under “Shares with Full Voting Rights” include 92,800 company shares owned by the employee share ownership ESOP trust account (928 voting rights), 346,000 company shares owned by the executive compensation BIP trust account (3,460 voting rights), and 452,000 company shares owned by the share-grant ESOP trust account (4,520 voting rights).」
The company continues to disclose shareholdings under the employee share ownership ESOP trust, executive compensation BIP trust, and share-grant ESOP trust. - FY2022-Q3RestatedAnnual report
「The holdings include 133,800 company shares owned by the employee share ownership ESOP trust account, 346,000 company shares owned by the executive compensation BIP trust account, and 463,500 company shares owned by the share-grant ESOP trust account.」
The company continues to disclose shareholdings under the employee share ownership ESOP trust, executive compensation BIP trust, and share-grant ESOP trust. - FY2022-Q1RestatedAnnual report
「The holdings include approximately 186,300 company shares owned by the employee share ownership ESOP trust account (1,863 voting rights), 377,100 company shares owned by the executive compensation BIP trust account (3,771 voting rights), and 479,500 company shares owned by the share-grant ESOP trust account (4,795 voting rights).」
The company continues to disclose shareholdings under the employee share ownership ESOP trust, executive compensation BIP trust, and share-grant ESOP trust. - FY2021Reintroduction of an Employee Stock Ownership ESOP TrustAnnual report
「At a Board of Directors meeting held on 30 October 2020, the company resolved to reintroduce the employee share ownership ESOP trust as an incentive plan aimed at enhancing employee benefits for Group employees and increasing awareness of the company's performance and share price, thereby enhancing medium- to long-term corporate value.」
The employee share ownership ESOP trust, which ended in the previous fiscal year, was reintroduced with a 3-year trust term and a planned acquisition amount of ¥400 million. - FY2021-Q3RestatedAnnual report
「The common shares in the “Other” column under “Shares with Full Voting Rights” include 221,400 company shares owned by the employee share ownership ESOP trust account (2,214 voting rights), 380,900 company shares owned by the executive compensation BIP trust account (3,809 voting rights), and 492,000 company shares owned by the share-grant ESOP trust account (4,920 voting rights).」
The company continues to disclose shareholdings under the employee share ownership ESOP trust, executive compensation BIP trust, and share-grant ESOP trust. - FY2020Termination of the employee share ownership ESOP trust and continuation of the share-grant ESOPAnnual report
「The decrease in “Other” during the fiscal year was attributable to sales by the employee share ownership ESOP trust account to the employee shareholding association, market sales of shares remaining upon termination of the ESOP trust scheme, distributions by the executive compensation BIP trust account to directors and others, and distributions by the share-grant ESOP trust account to employees.」
The employee share ownership ESOP trust scheme was terminated and its remaining shares were sold, while the share-grant ESOP trust continued, holding 472,650 shares. - FY2020-Q3RestatedAnnual report
「The holdings include 105,400 company shares owned by the employee share ownership ESOP trust account, 277,400 company shares owned by the executive compensation BIP trust account, and 473,900 company shares owned by the share-grant ESOP trust account.」
The company continues to disclose shareholdings under the employee share ownership ESOP trust, executive compensation BIP trust, and share-grant ESOP trust. - FY2020-Q2RestatedAnnual report
「The holdings include 118,500 company shares owned by the employee share ownership ESOP trust account, 277,431 company shares owned by the executive compensation BIP trust account, and 478,150 company shares owned by the share-grant ESOP trust account.」
The company continues to disclose shareholdings under the employee share ownership ESOP trust, executive compensation BIP trust, and share-grant ESOP trust. - FY2019RestatedAnnual report
「Under this scheme, a trust is established for the benefit of employees who meet certain requirements among those participating in the company's employee shareholding association. The trust acquires through a third-party allotment the number of company shares expected to be acquired by the employee shareholding association over 5 years, and subsequently sells them to the association on a specified date each month.」
The company continues the employee share ownership ESOP trust structure, comprising a 5-year trust term, acquisitions through a third-party allotment, and monthly sales to the employee shareholding association. - FY2019-Q2RestatedAnnual report
「The trust acquires through a third-party allotment the number of company shares expected to be acquired by the employee shareholding association over 5 years, and subsequently sells them to the association on a specified date each month.」
The company continues the employee share ownership ESOP trust structure, comprising a 5-year trust term, acquisitions through a third-party allotment, and monthly sales to the employee shareholding association. - FY2018-Q3AdvancedAnnual report
「The company's shares remaining in the trust are recorded as treasury shares in net assets at the trust's book value, excluding incidental expenses. The book value and number of these treasury shares were ¥289 million and 300,200 shares, respectively, for the executive compensation BIP trust, and ¥466 million and 483,400 shares, respectively, for the share-grant ESOP trust, as of the third quarter of the current consolidated fiscal year.」
The share-grant ESOP trust reached the stage of actually holding 483,400 shares, making the status of the scheme's implementation more concrete. - FY2018-Q2AdvancedAnnual report
「The company resolved to introduce a share-grant ESOP trust to expand employee benefits and increase awareness of improvements in the company's medium- to long-term performance and share price, thereby enhancing medium- to long-term corporate value.」
In addition to the existing employee share ownership ESOP, the company resolved to introduce a share-grant ESOP trust to expand its employee benefits program. - FY2017-Q3RestatedAnnual report
「The trust acquires through a third-party allotment the number of company shares expected to be acquired by the employee shareholding association over 5 years, and subsequently sells them to the association on a specified date each month.」
The company continues to operate the ESOP trust structure, comprising a 5-year trust term, acquisitions through a third-party allotment, and monthly sales to the employee shareholding association. - FY2017-Q2RestatedAnnual report
「The trust acquires through a third-party allotment the number of company shares expected to be acquired by the employee shareholding association over 5 years, and subsequently sells them to the association on a specified date each month.」
The company continues the structure of a 5-year trust term, acquisitions through a third-party allotment, and monthly sales to the employee shareholding association. - FY2017-Q1RestatedAnnual report
「The trust acquires through a third-party allotment the number of company shares expected to be acquired by the employee shareholding association over 5 years, and subsequently sells them to the association on a specified date each month.」
The company continues to operate the ESOP trust structure, comprising a 5-year trust term, acquisitions through a third-party allotment, and monthly sales to the employee shareholding association. - FY2016First statedAnnual report
「Under this scheme, a trust is established for the benefit of employees who meet certain requirements among those participating in the company's employee shareholding association. The trust acquires, during a specified acquisition period, the number of company shares expected to be acquired by the employee shareholding association over 5 years, and subsequently sells them to the association on a specified date each month.」
The company operates a 5-year trust-based employee share ownership scheme to enhance employee benefits and raise awareness of business performance and the share price.