Measures to facilitate stock purchase by Japanese-style employee stock ownership plans

1) Amount of employee contribution to the employee stock ownership plan is less than one million yen per person per one contribution (there are no restrictions on the total outstanding amount of contribution); and

2) Stocks are purchased continuously in accordance with a certain plan, and not based on individual investment decisions.

1) From the viewpoint of promoting active use of Japanese-style employee stock ownership plans, the JSDA should promote understanding of the conditions mentioned in 1 above through its members; and

2) With respect to the JSDA guideline which states that "stock purchase in accordance with a certain plan" must be conducted, in principle, on a specified date of the month, the JSDA should clarify that stock purchase does not necessarily need to be conducted on one specified date per month, but can be conducted on two or more specified dates.