PRESS RELEASE
  • Press Release

Notice Concerning the Stock Option Trust Introduced by the Company

ENECHANGE Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director & CEO: Yohei Kiguchi) announces that Notice Concerning the Stock Option Trust Introduced by the Company.

On May 29, 2023, the National Tax Agency and the Ministry of Economy, Trade and Industry (METI) held a briefing on the taxation of a new type of stock compensation, trust-type stock options (the “Stock Option Trust”). The National Tax Agency announced its position that compensation under the Stock Option Trust is considered actual salary at the time the employee exercises the rights granted by the company and acquires the shares, and that the company must retroactively withhold tax, even for employees who have already exercised the rights in the past.

Although there have been some newspaper articles speculating about the financial impact on companies that have already introduced the Stock Option Trust,  ENECHANGE (the “Company”) is still examining the Company’s response and tax/accounting policies, and the financial impact is still under scrutiny. Based on discussions and confirmations with outside experts and others, the Company will promptly make a public announcement if facts that should be disclosed arise.

Although the financial impact has not yet been determined, the Company views it as a one-time event and does not believe that it will have any impact on the fundamental business activities or business growth.

 

ENECHANGE Ltd.

ENECHANGE is an energy technology company that promotes a carbon-free society through digital technology with the mission of Changing Energy For A Better World. We offer services based on data utilization in the field of the 4Ds of Energy: Deregulation, Digitalization, Decarbonization, and Decentralization. Our company’s roots come from an energy data lab at the University of Cambridge, U.K., a country where liberalization is mature. ENECHANGE has a British subsidiary, SMAP Energy Limited, as well as a global network and analytical technology for energy data.

URL: https://enechange.co.jp/en/

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ENECHANGE Ltd.
pr@enechange.co.jp