Introduction of Performance-Linked Share Compensation (BBT)
First written in FY2019. 7 of 17 entries say "Restated". Latest entry: FY2026.
37 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As of 31 May 2026, Japan Custody Bank, Ltd. (Trust E Account) held 336,700 shares of the company.」
The company has updated the operating status of BBT-RS, a plan for directors and executive officers under which shares and cash are delivered according to the rate of achievement of the consolidated ordinary profit target, as well as the number of shares held in trust. - FY2026-H1Number of Shares Held in Trust UpdatedAnnual report
「“Fully voting shares (Other)” includes 712,400 shares and 7,124 voting rights held by Japan Custody Bank, Ltd. (Trust E Account) as trust assets of the Share Benefit Trust (J-ESOP) and the Executive Share Benefit Trust (BBT-RS).」
The company updated the total shares held as trust assets under J-ESOP and BBT-RS to 712,400, with 7,124 voting rights. - FY2025-H1AdvancedAnnual report
「The number of shares to be disposed of is the total of the number of shares expected to be delivered to the company’s directors during the trust period under the Executive Share Benefit Rules, equivalent to 315,000 shares for the 5 fiscal years from the fiscal year ending in May 2025 through the fiscal year ending in May 2029, and the number of shares expected to be delivered to the company’s employees under the Share Benefit Rules, equivalent to 215,000 shares for the 5 fiscal years from the fiscal year ended in May 2024 through the fiscal year ending in May 2028. This total represents 3.97% of the 13,363,540 issued shares as of 30 November 2024, and 4.36% of the 121,630 total voting rights as of 30 November 2024, with both percentages rounded to the third decimal place.」
Regarding the BBT-RS plan, the company resolved to dispose of 530,000 treasury shares for the trust, including 315,000 shares expected to be delivered to directors from the fiscal year ending in May 2025 through the fiscal year ending in May 2029. - FY2024Number of Shares Held in Trust UpdatedAnnual report
「As of 31 May 2024, Japan Custody Bank, Ltd. (Trust E Account) held 64,900 shares of the company.」
The company updated the number of shares held for directors as of 31 May 2024, including shares held in trust under BBT-RS. The combined total with J-ESOP was 226,700 shares. - FY2024-Q2Number of Shares Held in Trust UpdatedAnnual report
「“Fully voting shares (Other)” includes 227,900 shares and 2,279 voting rights held by Japan Custody Bank, Ltd. (Trust E Account) as trust assets of the Share Benefit Trust (J-ESOP) and the Executive Share Benefit Trust (BBT-RS).」
The company has updated the total shares held as trust assets under J-ESOP and BBT-RS to 227,900, with 2,279 voting rights. - FY2024-Q1RestatedAnnual report
「“Fully voting shares (Other)” includes 264,100 shares and 2,641 voting rights held by Japan Custody Bank, Ltd. (Trust E Account) as trust assets of the Share Benefit Trust (J-ESOP) and the Executive Share Benefit Trust (BBT-RS).」
The company has continued its Share Benefit Trust plans, including BBT-RS, which changed from the previous BBT plan, and disclosed total trust-held shares of 264,100, including J-ESOP. - FY2023ReframedAnnual report
「The company had introduced the performance-linked share compensation plan Share Benefit Trust (BBT, or Board Benefit Trust, hereinafter the “existing BBT plan”) for directors excluding directors who are Audit and Supervisory Committee members and outside directors. To encourage directors to work toward increasing corporate value beyond previous levels, the company resolved at the 12th Annual General Meeting of Shareholders to introduce a new performance-linked share compensation plan, Share Benefit Trust (BBT-RS, or Board Benefit Trust - Restricted Stock).」
The company changed from the existing BBT plan to BBT-RS, which uses restricted shares. It has introduced a system under which a coefficient is set according to the rate of achievement of the consolidated ordinary profit target, with 80% of points delivered in shares and the remainder in cash. - FY2023-Q2Number of Shares Held in Trust UpdatedAnnual report
「“Fully voting shares (Other)” includes 167,400 shares of the company, representing 1,674 voting rights, held by the Share Benefit Trust (J-ESOP), and 97,700 shares, representing 977 voting rights, held by the Share Benefit Trust (BBT).」
As of 30 November 2022, the company disclosed that J-ESOP held 167,400 shares and BBT held 97,700 shares. - FY2022-Q3RestatedAnnual report
「“Fully voting shares (Other)” includes 167,400 shares of the company, representing 1,674 voting rights, held by the Share Benefit Trust (J-ESOP), and 120,600 shares, representing 1,206 voting rights, held by the Share Benefit Trust (BBT).」
The company has continued its share compensation plans, including BBT, which links performance and share value to directors’ compensation, and disclosed the number of shares held in trust. - FY2022-Q2Number of Shares Held in Trust UpdatedAnnual report
「“Fully voting shares (Other)” includes 167,400 shares of the company, representing 1,674 voting rights, held by the Share Benefit Trust (J-ESOP), and 120,600 shares, representing 1,206 voting rights, held by the Share Benefit Trust (BBT).」
The company disclosed 167,400 shares held by J-ESOP and 120,600 shares held by BBT, updating the holdings under its share compensation plans. - FY2022-Q1Updated aggregate shares held in trustAnnual report
「“Fully voting shares (Other)” includes 308,100 shares and 3,081 voting rights held by Japan Custody Bank, Ltd. (Trust E Account) as trust assets of the Share Benefit Trust (J-ESOP) and the Executive Share Benefit Trust (BBT).」
The company disclosed a total of 308,100 shares held as trust assets under J-ESOP and BBT, updating the holdings under its share compensation plans. - FY2021-Q3RestatedAnnual report
「“Fully voting shares (Other)” includes 168,800 shares of the company, representing 1,688 voting rights, held by the Share Benefit Trust (J-ESOP), and 139,600 shares, representing 1,396 voting rights, held by the Share Benefit Trust (BBT).」
The company has continued the BBT plan, which links performance and share value to directors’ compensation, and disclosed the 139,600 shares held by BBT. - FY2021-Q2RestatedAnnual report
「“Fully voting shares (Other)” includes 168,800 shares of the company, representing 1,688 voting rights, held by the Share Benefit Trust (J-ESOP), and 139,600 shares, representing 1,396 voting rights, held by the Share Benefit Trust (BBT).」
The company has disclosed the continuation of its share compensation plans through the Share Benefit Trust, including BBT, and the 139,600 shares held by BBT. - FY2021-Q1RestatedAnnual report
「“Fully voting shares (Other)” includes 331,000 shares and 3,310 voting rights held by Japan Custody Bank, Ltd. (Trust E Account) as trust assets of the Share Benefit Trust (J-ESOP) and the Executive Share Benefit Trust (BBT).」
The company disclosed the shares and voting rights held by the Share Benefit Trust, including BBT, confirming the continuation of the plans. - FY2020-Q3RestatedAnnual report
「The company has introduced a share compensation plan, the Share Benefit Trust (BBT, or Board Benefit Trust), for directors excluding outside directors. The purpose is to clarify the linkage between directors’ compensation and the company’s performance and share value, and to raise directors’ awareness of their contribution to improving medium- to long-term performance and increasing corporate value by having them share with shareholders not only the benefits of a rising share price but also the risk of a falling share price.」
The company has continued the BBT plan, which links directors’ compensation to performance and share value. The trust held 162,200 shares. - FY2020-Q2RestatedAnnual report
「The company has introduced a share compensation plan, the Share Benefit Trust (BBT, or Board Benefit Trust), for directors excluding outside directors. The purpose is to clarify the linkage between directors’ compensation and the company’s performance and share value, and to raise directors’ awareness of their contribution to improving medium- to long-term performance and increasing corporate value by having them share with shareholders not only the benefits of a rising share price but also the risk of a falling share price.」
The company has continued the BBT plan, which links directors’ compensation to performance and share value. At the end of the cumulative second quarter, the trust held 162,200 shares. - FY2019First statedAnnual report
「Performance-linked stock compensation (BBT) was introduced following resolutions by the Board of Directors on 18 July 2019 and the Eighth Annual General Meeting of Shareholders on 23 August of the same year. The purpose is to clarify the link between compensation for executive directors and the Company’s medium- to long-term performance and increased corporate value. Points are awarded to each executive director by multiplying points corresponding to the director’s position by a coefficient based on the ordinary-profit achievement rate, and Company shares and cash are delivered based on those points.」
The Company introduced performance-linked stock compensation based on the ordinary-profit achievement rate following Board and shareholder resolutions in July and August 2019.