Enhancing Medium- to Long-Term Corporate Value Through an Employee Stock Ownership ESOP Trust
First written in FY2016. 2 of 9 entries say "Achieved", first in FY2018. Latest entry: FY2021-Q2.
37 other companies' latest entry also says "Achieved".
- FY2021-Q2AchievedAnnual report
「The Employee Stock Ownership ESOP Trust was terminated in July 2020.」
The reintroduced Employee Stock Ownership ESOP Trust was terminated in July 2020. - FY2021-Q1Updated the number of shares held by the ESOP TrustAnnual report
「“Fully voting-rights shares (Other)” includes 62,200 shares held by the Employee Stock Ownership ESOP Trust, representing 622 voting rights.」
The company disclosed that the Employee Stock Ownership ESOP Trust held 62,200 shares as of 30 June 2020. - FY2020Updated the number of shares held by the ESOP TrustAnnual report
「The carrying amount and number of these treasury shares were ¥427 million and 178 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥148 million and 62 thousand shares, respectively, at the end of the current consolidated fiscal fiscal year.」
The shares held by the reintroduced ESOP Trust decreased to 62 thousand at the end of the current consolidated fiscal year. - FY2020-Q2Updated the number of shares held by the ESOP TrustAnnual report
「“Fully voting-rights shares (Other)” includes 115,200 shares held by the Employee Stock Ownership ESOP Trust, representing 1,152 voting rights.」
The company disclosed that the Employee Stock Ownership ESOP Trust held 115,200 shares as of 30 September 2019. - FY2020-Q1Updated the number of shares held by the ESOP TrustAnnual report
「“Fully voting-rights shares (Other)” includes 178,700 shares held by the Employee Stock Ownership ESOP Trust, representing 1,787 voting rights.」
The company disclosed that the Employee Stock Ownership ESOP Trust held 178,700 shares as of 30 June 2019. - FY2019-Q3Updated balance of shares remaining in the ESOP TrustAnnual report
「The carrying amount and number of these treasury shares were ¥486 million and 203 thousand shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The company disclosed that the reintroduced ESOP Trust held 203 thousand shares remaining at the end of the third quarter, with a carrying amount of ¥486 million. - FY2019-Q2Reintroduction of the ESOP TrustAnnual report
「At a meeting of the Board of Directors held on 3 August 2018, the company resolved to reintroduce the employee incentive plan “Employee Stock Ownership ESOP Trust” to enhance its medium- to long-term corporate value. Under this plan, the company will establish a trust for the benefit of employees of the “JACCS Employee Stock Ownership Association” who meet certain requirements. During the predetermined acquisition period, the trust will acquire in a single transaction the number of the company’s shares expected to be acquired by the employee stock ownership association over the following approximately 3 years.」
The company resolved to reintroduce the ESOP Trust, which had ended in March 2018, and established a mechanism under which the trust would acquire shares and sell them to the employee stock ownership association over approximately 3 years. At the end of the quarter, the trust held 250 thousand shares with a carrying amount of ¥599 million. - FY2018AchievedAnnual report
「To enhance the company’s medium- to long-term corporate value, the company introduced the employee incentive plan “Employee Stock Ownership ESOP Trust” pursuant to a resolution of the Board of Directors held on 5 November 2012. The trust period expired in February 2018, and the ESOP Trust was terminated in March 2018.」
The Employee Stock Ownership ESOP Trust was terminated upon expiration of its trust period. - FY2016First statedAnnual report
「The purpose is to enhance the employee benefits program that supports the company’s future growth, increase employees’ motivation to work and awareness of their participation in management by providing incentives linked to share price appreciation, and thereby enhance the company’s medium- to long-term corporate value.」
A mechanism for employees to purchase and sell shares through an employee stock ownership plan was introduced. The trust period was from 8 February 2013 to 20 February 2018, and the total acquisition amount was ¥828 million.