Trust-type employee stock ownership incentive plan
First written in FY2020. 6 of 12 entries say "Restated". Latest entry: FY2026-H1.
The Awa Bank moved to the "Worse" side of this theme in 2025.
6 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「To achieve sustainable growth, the Bank and its consolidated subsidiaries introduced, from the current interim consolidated accounting period, a performance-linked share compensation scheme using an “Employee ESOP Trust” for employees of the Bank and its consolidated subsidiaries, as part of “human capital investment” aimed at further raising employees' awareness of their performance and share price improvement, increasing employee engagement and enhancing their willingness to contribute to increasing corporate value.」
Separate from the former employee stock ownership trust, which terminated in December 2022, a new Employee ESOP Trust was introduced from the current interim period as part of human capital investment. The trust held 538 thousand shares at period-end, with a carrying amount of ¥1,496 million. - FY2023-Q3AchievedAnnual report
「The employee stock ownership trust terminated in December 2022.」
The employee stock ownership trust terminated in December 2022 and sold all of its holdings. There were no shares held or borrowings recorded at termination, completing the operation of the scheme. - FY2023-Q2Continued share sales and declining holdingsAnnual report
「The carrying amount in the trust was ¥286 million at the end of the previous consolidated fiscal year and ¥102 million at the end of the interim consolidated fiscal period. (3) The number of the Bank's shares held by the trust was 114 thousand at the end of the previous consolidated fiscal year and 41 thousand at the end of the interim consolidated fiscal period.」
Share sales from the employee stock ownership trust to the employee stock ownership association continued. Holdings declined from 114 thousand shares to 41 thousand, while the carrying amount declined from ¥286 million to ¥102 million. - FY2023-Q1RestatedAnnual report
「The carrying amount in the trust was ¥286 million at the end of the previous consolidated fiscal year and ¥152 million at the end of the first quarter of the current consolidated fiscal period. (3) The number of the Bank's shares held by the trust was 114 thousand at the end of the previous consolidated fiscal year and 61 thousand at the end of the first quarter of the current consolidated fiscal period.」
Share sales from the employee stock ownership trust to the employee stock ownership association continued. The carrying amount was ¥152 million and holdings were 61 thousand shares at the end of the first quarter, reconfirming the continued operation of the scheme. - FY2022RestatedAnnual report
「Trust-type employee stock ownership incentive plan The carrying amount in the trust was ¥647 million at the end of the previous consolidated fiscal year and ¥286 million at the end of the current consolidated fiscal year. The number of the Bank's shares held by the trust was 259 thousand at the end of the previous consolidated fiscal year and 114 thousand at the end of the current consolidated fiscal year.」
Share sales from the employee stock ownership trust to the employee stock ownership association continued, reconfirming the continued operation of the scheme. - FY2022-Q3Continued share sales and declining holdingsAnnual report
「Thereafter, the employee stock ownership trust will continue selling the Bank's shares to the employee stock ownership association. If an amount equivalent to gains on share sales accumulates in the trust when it terminates, that amount will be distributed as residual assets to employees who meet the beneficiary eligibility requirements. (2) The carrying amount in the trust was ¥647 million at the end of the previous consolidated fiscal year and ¥331 million at the end of the third quarter of the current consolidated fiscal period. (3) The number of the Bank's shares held by the trust was 259 thousand at the end of the previous consolidated fiscal year and 132 thousand at the end of the third quarter of the current consolidated fiscal period.」
Share sales from the employee stock ownership trust to the employee stock ownership association continued. Holdings declined from 259 thousand shares at the end of the previous consolidated fiscal year to 132 thousand, while the carrying amount declined from ¥647 million to ¥331 million. - FY2022-Q2RestatedAnnual report
「The carrying amount in the trust was ¥647 million at the end of the previous consolidated fiscal year and ¥459 million at the end of the interim consolidated fiscal period. (3) The number of the Bank's shares held by the trust was 259 thousand at the end of the previous consolidated fiscal year and 184 thousand at the end of the interim consolidated fiscal period.」
Share sales from the employee stock ownership trust to the employee stock ownership association continued, with a carrying amount of ¥459 million and holdings of 184 thousand shares disclosed as of the end of the interim period. - FY2022-Q1RestatedAnnual report
「The Bank established the “Awa Gin Group Employee Stock Ownership Association Dedicated Trust” (the “employee stock ownership trust”) with a trust bank. The employee stock ownership trust acquired in advance the number of the Bank's shares expected to be acquired by the “Awa Gin Group Employee Stock Ownership Association” (the “employee stock ownership association”) over the 3 years following its establishment. Thereafter, the trust will continue selling the Bank's shares to the employee stock ownership association. (2) The carrying amount in the trust was ¥647 million at the end of the previous consolidated fiscal year and ¥510 million at the end of the first quarter of the current consolidated fiscal period. (3) The number of the Bank's shares held by the trust was 259 thousand at the end of the previous consolidated fiscal year and 204 thousand at the end of the first quarter of the current consolidated fiscal period.」
Share sales from the employee stock ownership trust to the employee stock ownership association continued, with a carrying amount of ¥510 million and holdings of 204 thousand shares disclosed as of the end of the first quarter. The continued operation of the scheme was reconfirmed. - FY2021-Q3RestatedAnnual report
「Thereafter, the employee stock ownership trust will continue selling the Bank's shares to the employee stock ownership association. If an amount equivalent to gains on share sales accumulates in the trust when it terminates, that amount will be distributed as residual assets to employees who meet the beneficiary eligibility requirements. The carrying amount at the end of the third quarter of the current consolidated fiscal period was ¥696 million. The number of shares at the end of the third quarter of the current consolidated fiscal period was 279 thousand.」
Share sales from the employee stock ownership trust to the employee stock ownership association continued, with a carrying amount of ¥696 million and holdings of 279 thousand shares disclosed as of the end of December 2020. The continued operation of the scheme was confirmed. - FY2021-Q2AdvancedAnnual report
「Thereafter, the employee stock ownership trust will continue selling the Bank's shares to the employee stock ownership association. If an amount equivalent to gains on share sales accumulates in the trust when it terminates, that amount will be distributed as residual assets to employees who meet the beneficiary eligibility requirements.」
The employee stock ownership trust began operations, and disclosed a carrying amount of ¥808 million, holdings of 324 thousand shares and borrowings of ¥816 million as of the end of September 2020. It had also sold 46 thousand shares to the employee stock ownership association. - FY2021-Q1AdvancedAnnual report
「The Bank established the Awagin Group Employee Stock Ownership Plan Dedicated Trust (the “Employee Stock Ownership Trust”) with a trust bank. Over the 3 years following its establishment, the Employee Stock Ownership Trust will purchase in advance the number of the Bank's shares expected to be acquired by the Awagin Group Employee Stock Ownership Plan (the “Employee Stock Ownership Plan”). (2) The book value of the trust was ¥925 million as of the end of the first quarter of the current consolidated fiscal year. (3) The number of shares held at the end of the period was 370 thousand as of the end of the first quarter of the current consolidated fiscal year.」
The trust's investment method for the 3 years following its establishment was disclosed, along with holdings of ¥925 million and 370 thousand shares as of the end of June 2020. The scheme progressed from the establishment stage to the stage of disclosing its operation and holdings. - FY2020First statedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 15 May 2020, the Bank established a Trust-Type Employee Stock Ownership Incentive Plan for Group employees. The plan is intended to provide incentives for the medium- to long-term enhancement of the Group's corporate value and to support employees' asset building by promoting the acquisition and holding of the Bank's shares through the expansion of the employee stock ownership plan as an employee benefit.」
A 3-year trust-type employee stock ownership plan was established to provide Group employees with incentives to enhance corporate value over the medium to long term and to support asset building. The total acquisition price of shares is capped at ¥927 million.