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Business

Bandai Namco promotes employee stock ownership

Game company wants to instill managerial mindset in workers

  © Reuters

TOKYO -- Bandai Namco Holdings is helping its employees own company shares in a move to heighten their awareness of investor concerns and enhance corporate value.

Employees will be able to contribute monthly to a stock ownership plan. Those who put in at least 5,000 yen ($47) per month for three years starting fiscal 2018 will get an extra 50 shares from the toy and game company.

The parent and group companies in Japan have about 6,000 employees, and a third of them have signed up for the benefit. The company has bought back shares from the market for this initiative.

"We want our employees to have heightened awareness about management participation," said Director Yuji Asako. The management's goal is to have as many employees as possible hold at least 100 shares, the minimum amount for trading.

An employee's monthly contribution of 5,000 yen, together with the company's 10% match, would come to around 200,000 yen over three years. At a stock price of 4,000 yen, this would be enough to purchase 50 shares. The extra 50 shares from Bandai Namco brings the employee's total to 100.

For executives, Bandai Namco requires part of their compensation to be put into the stock ownership plan, and also gives them shares based on the company's performance.

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