Launch of "1-Yen SO Trust (Retirement Income Type)" for Stock Compensation Systems
Kotaeru Trust Co., Ltd. has launched the "1-Yen SO Trust (Retirement Income Type)," a stock-linked retirement benefit scheme designed to align employee incentives with corporate value. Kamakura Shinsho, Ltd. is set to be the first company to implement this new scheme.
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- 📰 Published: March 31, 2026 at 00:30
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Kotaeru Trust Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Hiroaki Kudo; hereinafter "the Company") is pleased to announce the launch of the 1-Yen Stock Option Trust (hereinafter "1-Yen SO Trust (Retirement Income Type)"), a stock-linked retirement benefit scheme compatible with stock compensation systems, as a new addition to our lineup of trust-type stock options. The first implementation of this scheme is scheduled for Kamakura Shinsho, Ltd. (Headquarters: 2-14-1 Kyobashi, Chuo-ku, Tokyo; Representative Director and COO: Fumio Kobayashi), a company listed on the Tokyo Stock Exchange Prime Market.
1. Overview of the "1-Yen SO Trust (Retirement Income Type)" Scheme
The "1-Yen SO Trust (Retirement Income Type)" is a new scheme that complements traditional cash-based retirement benefit systems with an incentive component, providing officers and employees with retirement benefits linked to corporate value (stock price) as stock compensation.
[About the Scheme]
The issuing company establishes a trust and issues 1-yen stock options (stock acquisition rights with an exercise price of 1 yen) to the trustee, Kotaeru Trust, via a third-party allotment at no cost. The issuing company grants points to eligible individuals (officers and employees) based on their contributions, and upon their retirement or resignation, stock options corresponding to those points are delivered to them from the trust. The eligible individuals then exercise their rights and acquire shares within 10 days of their retirement or resignation.
Designed as a full-value type with an exercise price of 1 yen, the stock price at the time of retirement directly translates to the value received, creating an incentive to improve corporate value during the individual's tenure.
[Scheme Diagram]
(Image omitted)
[Features of the Scheme]
Corporate Value-Linked: Designed as a full-value type with an exercise price of 1 yen, the stock price at the time of retirement directly translates to the amount received. This aligns interests with shareholders in increasing corporate value and promotes long-term improvement in corporate value.
Company-wide Engagement Improvement: Since the compensation received at retirement is linked to the stock price, it creates motivation for everyone from officers to employees to commit to improving corporate value as a unified team.
Strengthening Talent Retention: The design, which prevents the exercise of rights until retirement, acts as an incentive for long-term employment, contributing to the long-term retention of excellent talent.
Application of Retirement Income Taxation: By setting the exercise period to within 10 days after retirement, the profit at the time of exercise (market price of shares at exercise - 1 yen) is treated as retirement income for the eligible individual. This allows for the application of the retirement income deduction and the 1/2 multiplier when calculating taxable retirement income, thereby reducing the tax burden on officers and employees.
"Post-Determination" Flexibility: Unlike pre-delivery types such as RS (Restricted Stock) or PS (Performance Shares), stock options are pooled in a trust, allowing for the later determination of recipients and quantities. This enables flexible design of retirement benefits based on the contributions and length of service of officers and employees.
Stabilization of Cash Flow: No large cash outflows occur as retirement benefits when officers or employees retire, minimizing the impact on cash flow. Additionally, the issuing company may be able to record the exercise as a tax-deductible expense*.
Governance Compliance: The link between compensation and performance is clear, aligning with the intent of the Corporate Governance Code. It is a highly transparent scheme that fulfills accountability to shareholders and stakeholders.
*Note: There are tax requirements in the case of officers, etc.
[Target Companies]
We cater to a wide range of corporate needs, including listed companies and companies preparing for listing that are considering reviewing their retirement benefit systems, companies aiming to transition to a compensation system linked to corporate value, and companies seeking to reduce cash flow burdens in their retirement benefit systems. A major feature is the ability to design systems that cover not only officers but also employees.
2. Implementation at Kamakura Shinsho, Ltd.
This scheme is scheduled to be implemented at Kamakura Shinsho, Ltd. as the first case.
[Comment from Mr. Ambo, Senior Managing Executive Officer, Kamakura Shinsho, Ltd.]
We aim to contribute to society and improve our corporate value over the medium to long term by building a "Shukatsu (end-of-life planning) infrastructure" that resolves all hopes and issues for the elderly and their families in their end-of-life planning, thereby revitalizing our super-aging society.
By introducing the "1-Yen SO Trust (Retirement Income Type)" provided by Kotaeru Trust Co., Ltd., we will provide our officers and employees with incentives for medium- to long-term corporate value improvement, further enhancing their motivation for sustainable contribution and morale, which will lead to further improvement in our corporate value.
[Comment from Hiroaki Kudo, Representative Director, Kotaeru Trust Co., Ltd.]
I am very honored to launch the "1-Yen SO Trust (Retirement Income Type)" compatible with stock compensation systems and to have Kamakura Shinsho, Ltd. adopt it as our first case.
Aiming to realize a society where "those who work hard are rewarded," our company has provided various trust-type incentive plans tailored to the stage and objectives of companies. I believe the "1-Yen SO Trust (Retirement Income Type)" will continue to contribute to solving the management issues of many companies as a new incentive-type retirement benefit that balances corporate value improvement with the enhancement of compensation for officers and employees.
Overview of Kotaeru Trust Co., Ltd.
Representative: Hiroaki Kudo
Established: October 2018
Address: Marunouchi Building, 2-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-6390
URL: https://trust.kotaeru.co.jp/
Business Description: Development and provision of trust solutions centered on trust-type stock options
Inquiries regarding this matter:
Kotaeru Trust Co., Ltd. Public Relations
TEL: 03-5962-9723 / E-mail: pr@kotaeru-trust.co.jp
* This press release is for informational purposes only and is not intended for the sale or solicitation of trust products. The information contained in this press release (hereinafter "this information") is general in nature and does not take into account the individual circumstances of the viewer; therefore, we cannot guarantee the accuracy, appropriateness, or completeness of this information. Accordingly, Kotaeru Trust Co., Ltd. assumes no responsibility for any actions taken based on this information. The copyright of this press release belongs to Kotaeru Trust Co., Ltd. Any diversion, reproduction, or sale of this information is strictly prohibited.
1. Overview of the "1-Yen SO Trust (Retirement Income Type)" Scheme
The "1-Yen SO Trust (Retirement Income Type)" is a new scheme that complements traditional cash-based retirement benefit systems with an incentive component, providing officers and employees with retirement benefits linked to corporate value (stock price) as stock compensation.
[About the Scheme]
The issuing company establishes a trust and issues 1-yen stock options (stock acquisition rights with an exercise price of 1 yen) to the trustee, Kotaeru Trust, via a third-party allotment at no cost. The issuing company grants points to eligible individuals (officers and employees) based on their contributions, and upon their retirement or resignation, stock options corresponding to those points are delivered to them from the trust. The eligible individuals then exercise their rights and acquire shares within 10 days of their retirement or resignation.
Designed as a full-value type with an exercise price of 1 yen, the stock price at the time of retirement directly translates to the value received, creating an incentive to improve corporate value during the individual's tenure.
[Scheme Diagram]
(Image omitted)
[Features of the Scheme]
Corporate Value-Linked: Designed as a full-value type with an exercise price of 1 yen, the stock price at the time of retirement directly translates to the amount received. This aligns interests with shareholders in increasing corporate value and promotes long-term improvement in corporate value.
Company-wide Engagement Improvement: Since the compensation received at retirement is linked to the stock price, it creates motivation for everyone from officers to employees to commit to improving corporate value as a unified team.
Strengthening Talent Retention: The design, which prevents the exercise of rights until retirement, acts as an incentive for long-term employment, contributing to the long-term retention of excellent talent.
Application of Retirement Income Taxation: By setting the exercise period to within 10 days after retirement, the profit at the time of exercise (market price of shares at exercise - 1 yen) is treated as retirement income for the eligible individual. This allows for the application of the retirement income deduction and the 1/2 multiplier when calculating taxable retirement income, thereby reducing the tax burden on officers and employees.
"Post-Determination" Flexibility: Unlike pre-delivery types such as RS (Restricted Stock) or PS (Performance Shares), stock options are pooled in a trust, allowing for the later determination of recipients and quantities. This enables flexible design of retirement benefits based on the contributions and length of service of officers and employees.
Stabilization of Cash Flow: No large cash outflows occur as retirement benefits when officers or employees retire, minimizing the impact on cash flow. Additionally, the issuing company may be able to record the exercise as a tax-deductible expense*.
Governance Compliance: The link between compensation and performance is clear, aligning with the intent of the Corporate Governance Code. It is a highly transparent scheme that fulfills accountability to shareholders and stakeholders.
*Note: There are tax requirements in the case of officers, etc.
[Target Companies]
We cater to a wide range of corporate needs, including listed companies and companies preparing for listing that are considering reviewing their retirement benefit systems, companies aiming to transition to a compensation system linked to corporate value, and companies seeking to reduce cash flow burdens in their retirement benefit systems. A major feature is the ability to design systems that cover not only officers but also employees.
2. Implementation at Kamakura Shinsho, Ltd.
This scheme is scheduled to be implemented at Kamakura Shinsho, Ltd. as the first case.
[Comment from Mr. Ambo, Senior Managing Executive Officer, Kamakura Shinsho, Ltd.]
We aim to contribute to society and improve our corporate value over the medium to long term by building a "Shukatsu (end-of-life planning) infrastructure" that resolves all hopes and issues for the elderly and their families in their end-of-life planning, thereby revitalizing our super-aging society.
By introducing the "1-Yen SO Trust (Retirement Income Type)" provided by Kotaeru Trust Co., Ltd., we will provide our officers and employees with incentives for medium- to long-term corporate value improvement, further enhancing their motivation for sustainable contribution and morale, which will lead to further improvement in our corporate value.
[Comment from Hiroaki Kudo, Representative Director, Kotaeru Trust Co., Ltd.]
I am very honored to launch the "1-Yen SO Trust (Retirement Income Type)" compatible with stock compensation systems and to have Kamakura Shinsho, Ltd. adopt it as our first case.
Aiming to realize a society where "those who work hard are rewarded," our company has provided various trust-type incentive plans tailored to the stage and objectives of companies. I believe the "1-Yen SO Trust (Retirement Income Type)" will continue to contribute to solving the management issues of many companies as a new incentive-type retirement benefit that balances corporate value improvement with the enhancement of compensation for officers and employees.
Overview of Kotaeru Trust Co., Ltd.
Representative: Hiroaki Kudo
Established: October 2018
Address: Marunouchi Building, 2-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-6390
URL: https://trust.kotaeru.co.jp/
Business Description: Development and provision of trust solutions centered on trust-type stock options
Inquiries regarding this matter:
Kotaeru Trust Co., Ltd. Public Relations
TEL: 03-5962-9723 / E-mail: pr@kotaeru-trust.co.jp
* This press release is for informational purposes only and is not intended for the sale or solicitation of trust products. The information contained in this press release (hereinafter "this information") is general in nature and does not take into account the individual circumstances of the viewer; therefore, we cannot guarantee the accuracy, appropriateness, or completeness of this information. Accordingly, Kotaeru Trust Co., Ltd. assumes no responsibility for any actions taken based on this information. The copyright of this press release belongs to Kotaeru Trust Co., Ltd. Any diversion, reproduction, or sale of this information is strictly prohibited.