Source disclosure: February 12, 2026
Starts Publishing Corporation [7849.T]
TOKYO, Feb 12 (Pulse News Wire) – Starts Publishing Corporation (7849.T) announced today that its board of directors approved the introduction of an employee stock ownership plan (ESOP). The ESOP aims to enhance long-term corporate value by providing stable equity supply to the company's employee shareholding association and distributing profits derived from trust management to employees.
Under the ESOP, the company will set up a trust fund for eligible employees who join the "Starts Publishing Employees Shareholding Association." The trust will acquire a predetermined number of company shares within a specified period and sell them monthly to the shareholding association. At the end of the trust period, if there is a profit due to rising stock prices, cash distributions will be made to qualifying employees. In case of losses, the company will settle the debt to the bank based on a guarantee agreement. The ESOP structure involves the company as the settlor, Resona Bank as the trustee, and employees as beneficiaries.
The trust will operate through loans from financial institutions, with the company providing guarantees. Shares purchased will be managed according to the association’s voting rights exercise, reflecting employee interests. Key details of the trust contract include: - Type: Specific single-use monetary trust (beneficiary trust) - Purpose: Stable and continuous supply of company shares to the employee shareholding association and expansion of welfare programs for qualifying employees - Trustee: Resona Bank, which has entered into a comprehensive trust agreement with Nomura Trust & Banking Co., Ltd. - Beneficiaries: Eligible members of the employee shareholding association - Contract Date: February 13, 2026 - Duration: February 13, 2026 to January 31, 2031 (planned) At launch, the trust will acquire a total of ¥135 million ordinary shares of the company from February 18, 2026 to March 17, 2026 via exchange market transactions, including off-market trades.
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