News
Employee Stock Ownership Association Finally Launched,
Initial subscription rate exceeded our expectation
Forum Engineering Inc. has introduced an Employee Stock Ownership Association with the aim of supporting the asset formation of employees and improving the welfare system. Contributions will begin in December 2024.
Notice of Establishment of Employee Stock Ownership Association
The Employee Stock Ownership Plan is a voluntary program that allows our employees (our engineering staff and staff employees) to build up their assets by regularly purchasing shares in the company.
This system is designed to further share the company's value with shareholders by having employees purchase and hold the company's stock, and to improve the sense of participation in company management, acquire and retain human resources by enhancing the employee welfare program, and increase the number of stable shareholders, thereby leading to the medium- to long-term improvement of the company's corporate value.
As of December 31, 2024, 1,435 employees, or 28.9% of all employees, were members of the company's first stock ownership association. Of these, 1,264 are engineering staff, accounting for 27.6% of the total. The subscription rate exceeded our plan, and we got off to a good start.
The Company introduced this plan to contribute to the efficient asset formation of its employees, as they can invest as little as 1,000 yen per unit through payroll deduction and will purchase the shares with a 10% incentive on top of the amount contributed by the company.
The Company will continue to develop systems to enhance the asset building and welfare of its employees.