Delivery of the company's shares through an employee share ownership ESOP trust
First written in FY2017-Q1. 5 of 22 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
19 other companies' latest entry also says "Other".
- FY2026Decrease in shares held by the executive compensation BIP trustAnnual report
「Trust period: 7 August 2017 to 31 August 2026 (extended to 31 August 2026 following an amendment to the trust agreement)」
The BIP trust period was extended to 31 August 2026, and the number of shares held at the end of the current fiscal year was 83,567. - FY2025-H1Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 133 thousand at the end of the previous consolidated fiscal year and 111 thousand at the end of the current interim consolidated fiscal period.」
Shares held by the executive compensation BIP trust decreased from 133 thousand to 111 thousand. - FY2024-Q2AdvancedAnnual report
「The executive compensation BIP trust is an executive incentive plan intended to increase executives’ motivation to contribute to medium- to long-term earnings growth and enhancement of corporate value. Points are awarded to our bank’s directors based on their positions, achievement of performance targets and other factors, and, upon their retirement as directors of our bank, they receive our bank’s shares and cash equivalent to the proceeds from the sale of our bank’s shares according to the number of points awarded. It is an equity-based form of executive compensation. The number of shares held at period-end was 76 thousand at the end of the previous consolidated fiscal year and 133 thousand at the end of the current interim consolidated fiscal period.」
Shares held by the executive compensation BIP trust increased from 76 thousand to 133 thousand. - FY2024-Q1Update to shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 76 thousand at the end of the previous consolidated fiscal year and 76 thousand at the end of the first quarter of the current consolidated fiscal year.」
Shares held by the executive compensation BIP trust remained at 76 thousand, unchanged from the end of the previous fiscal year. - FY2023Decrease in shares held by the executive compensation BIP trust and extension of the trust periodAnnual report
「Trust period: 7 August 2017 to 31 August 2023 (extended to 31 August 2023 following an amendment to the trust agreement)」
The executive compensation BIP trust period was extended to 31 August 2023, and shares held at period-end decreased from 87 thousand to 76 thousand. - FY2023-Q3Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 87 thousand at the end of the previous consolidated fiscal year and 76 thousand at the end of the third quarter of the current consolidated fiscal year. The weighted-average number of shares during the period was 89 thousand in the previous third-quarter cumulative consolidated fiscal period and 80 thousand in the current third-quarter cumulative consolidated fiscal period.」
Shares held by the executive compensation BIP trust decreased from 87 thousand at the end of the previous fiscal year to 76 thousand. - FY2023-Q2Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 87 thousand at the end of the previous consolidated fiscal year and 76 thousand at the end of the current interim consolidated fiscal period.」
Shares held by the executive compensation BIP trust decreased from 87 thousand at the end of the previous fiscal year to 76 thousand. - FY2023-Q1Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 87 thousand at the end of the previous consolidated fiscal year and 82 thousand at the end of the first quarter of the current consolidated fiscal year.」
Shares held by the executive compensation BIP trust decreased from 87 thousand at the end of the previous fiscal year to 82 thousand. - FY2022-Q3Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 92 thousand at the end of the previous consolidated fiscal year and 87 thousand at the end of the third quarter of the current consolidated fiscal year.」
Shares held by the executive compensation BIP trust decreased from 92 thousand at the end of the previous fiscal year to 87 thousand. - FY2022-Q2Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 92 thousand at the end of the previous consolidated fiscal year and 87 thousand at the end of the current interim consolidated fiscal period. The weighted-average number of shares during the period was 61 thousand in the previous interim consolidated fiscal period and 90 thousand in the current interim consolidated fiscal period.」
Shares held by the executive compensation BIP trust decreased from 92 thousand at the end of the previous fiscal year to 87 thousand. - FY2022-Q1RestatedAnnual report
「The executive compensation BIP trust is an executive incentive plan intended to increase executives’ motivation to contribute to medium- to long-term earnings growth and enhancement of corporate value. Points are awarded to our bank’s directors based on their positions, achievement of performance targets and other factors, and, upon their retirement as directors of our bank, they receive our bank’s shares and cash equivalent to the proceeds from the sale of our bank’s shares according to the number of points awarded. It is an equity-based form of executive compensation. (3) The number of shares held at period-end was 92 thousand at the end of the previous consolidated fiscal year and 90 thousand at the end of the first quarter of the current consolidated fiscal year.」
The purpose and structure of the executive compensation BIP trust continue to be disclosed, and shares held by the trust decreased from 92 thousand to 90 thousand. - FY2021AdvancedAnnual report
「At a Board of Directors meeting held on 15 June 2020, the company resolved to continue this plan for 3 years, covering the fiscal year ending 31 March 2021 through the fiscal year ending 31 March 2023.」
The executive compensation BIP trust continued from the fiscal year ending March 2021 through the fiscal year ending March 2023. An additional ¥58 million was contributed and an additional 38,000 shares were acquired in connection with the extension. - FY2020-Q3RestatedAnnual report
「The executive compensation BIP trust is an executive incentive plan intended to increase executives’ motivation to contribute to medium- to long-term earnings growth and enhancement of corporate value. Points are awarded to our bank’s directors based on their positions, achievement of performance targets and other factors, and, upon their retirement as directors of our bank, they receive our bank’s shares and cash equivalent to the proceeds from the sale of our bank’s shares according to the number of points awarded. It is an equity-based form of executive compensation.」
The purpose and structure of the executive compensation BIP trust continue to be disclosed. Shares held by the trust decreased from 59 thousand at the end of the previous fiscal year to 54 thousand at the end of the third quarter of the current fiscal year. - FY2020-Q2AdvancedAnnual report
「(3) The number of shares held at period-end was 59 thousand at the end of the previous consolidated fiscal year and 54 thousand at the end of the current interim consolidated fiscal period. The weighted-average number of shares during the period was 60 thousand in the previous interim consolidated fiscal period and 57 thousand in the current interim consolidated fiscal period.」
The executive compensation BIP trust continued, and the number of shares held by the trust decreased from 59 thousand at the end of the previous fiscal year to 54 thousand. - FY2018RestatedAnnual report
「Based on a resolution of the Board of Directors meeting held on 3 February 2012, our bank introduced the employee incentive plan, the Employee Stock Ownership ESOP Trust (the “ESOP Trust”). The trust period has ended, and liquidation was completed in July 2017.」
The annual report confirms the purpose and structure of the ESOP Trust and the completion of its liquidation in July 2017. - FY2018-Q3RestatedAnnual report
「Our bank conducts transactions under which its shares are delivered through a trust to the employee stock ownership association for employee welfare purposes. The trust ended in July 2017.」
It continues to disclose that the employee stock ownership ESOP trust ended in July 2017, as well as the purpose and structure of the plan. - FY2018-Q2AchievedAnnual report
「Our bank conducts transactions under which its shares are delivered through a trust to the employee stock ownership association for employee welfare purposes. The trust ended in July 2017.」
It expressly states that the employee stock ownership ESOP trust ended in July 2017. - FY2018-Q1RestatedAnnual report
「(1) The carrying amount in the trust was ¥23 million at the end of the previous fiscal year and nil at the end of the first quarter of the current consolidated fiscal year. (3) The number of shares held at period-end was 65 thousand at the end of the previous fiscal year and nil at the end of the first quarter of the current consolidated fiscal year.」
Liquidation procedures continued after the end of the ESOP trust period, and no shares were held by the trust at the end of the quarter. - FY2017AchievedAnnual report
「The trust period has ended, and liquidation procedures are currently under way.」
The trust period for the employee stock ownership ESOP trust ended on 20 March 2017, and the number of shares held at the end of the period had declined to 65 thousand. - FY2017-Q3AdvancedAnnual report
「(3) The number of shares at the end of the period was 657 thousand shares at the end of the previous consolidated fiscal year and 115 thousand shares at the end of the current third quarter. The average number of shares during the period was 1,012 thousand shares during the cumulative third quarter of the previous consolidated fiscal year and 430 thousand shares during the cumulative third quarter of the current consolidated fiscal year.」
The number of the bank’s shares held by the employee stock ownership ESOP trust at the end of the period declined from 311 thousand shares to 115 thousand shares. - FY2017-Q2AdvancedAnnual report
「The number of shares at the end of the period was 657 thousand shares at the end of the previous consolidated fiscal year and 311 thousand shares at the end of the current interim consolidated accounting period. The average number of shares during the period was 1,068 thousand shares during the previous interim consolidated accounting period and 506 thousand shares during the current interim consolidated accounting period.」
The number of the bank’s shares held by the ESOP trust declined during the period to 311 thousand shares at the end of the current interim consolidated accounting period. The arrangement of acquiring shares over 5 years and selling them to the employee stock ownership plan each month also continued. - FY2017-Q1First statedAnnual report
「For employee welfare purposes, the bank conducts transactions in which its shares are distributed to the employee stock ownership plan through a trust. The trust acquires, during a predetermined acquisition period, the number of the bank’s shares expected to be acquired by the bank’s employee stock ownership plan over 5 years. The trust then sells the bank’s shares to the employee stock ownership plan on a specified date each month.」
For employee welfare purposes, the arrangement involves acquiring shares over 5 years and selling them to the employee stock ownership plan each month.