Introduction of the performance-linked stock compensation plan, the Board Benefit Trust (BBT)
First written in FY2019. 4 of 16 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
46 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The main performance targets for the fiscal year were individual order intake of ¥230,000 million, consolidated operating profit of ¥18,000 million and consolidated net income of ¥12,500 million. Actual results were individual order intake of ¥338,723 million, consolidated operating profit of ¥24,199 million and consolidated net income of ¥19,361 million.」
Actual results for BBT's performance-linked metrics, namely individual order intake, consolidated operating profit and consolidated net income, all exceeded their targets. - 2026-03-18AdvancedShare Issuance and Disposal
「The Company hereby announces that the payment procedure for the disposal of treasury shares through a third-party allotment in connection with additional contributions to the stock compensation trusts (BBT) and (J-ESOP) has been completed today, as described below.」
This records the disposal of 1,700,000 treasury shares through a third-party allotment, totaling ¥6,919,000,000, in connection with an additional contribution to BBT, and the completion of the payment procedure. - FY2026-H1AchievedAnnual report
「At the Annual General Meeting of Shareholders held on 27 June 2025, the company proposed, as an agenda item for approval, a revision to the performance-linked share compensation plan for directors, excluding directors who are Audit and Supervisory Committee members and outside directors among the other directors, and the proposal was approved. Accordingly, the annual cap on points granted to directors and other officers was revised to 350,000 points, including 80,000 points for directors. The cap on points for the applicable period, consisting of the 3 fiscal years from the fiscal year ending March 2026 through the fiscal year ending March 2028, and for each subsequent 3-fiscal-year period beginning after the applicable period, was set at 1,050,000 points, including 240,000 points for directors, and the cap on the company's shares acquired through the trust under this plan was set at 1,050,000 shares.」
The previously presented proposal to raise the points cap under the performance-linked share compensation plan was approved at the Annual General Meeting of Shareholders in June 2025, establishing the cap for the fiscal years ending March 2026 through March 2028. - FY2025RaisedAnnual report
「If this proposal is approved, the annual cap on points granted to officers will be 350,000 points, including 80,000 points for directors. The cap will be 1,050,000 points, including 240,000 points for directors, for the applicable period, consisting of the 3 fiscal years from the fiscal year ending March 2026 through the fiscal year ending March 2028, and for each subsequent 3-fiscal-year period beginning after the applicable period.」
A proposal was presented to raise BBT's points cap from the current total of 729,600 points for 3 fiscal years to 1,050,000 points from the next period onward. - FY2025-H1Disclosure of BBT shareholdings after the stock splitAnnual report
「The ordinary shares in the “Shares with Full Voting Rights (Other)” category include 400 shares (4 voting rights) registered in the name of Japan Securities Depository Center, Inc., 866,180 shares (8,661 voting rights) of the Company held in the trust account associated with the Stock Benefit Trust (BBT), and 1,867,800 shares (18,678 voting rights) of the Company held in the trust account associated with the Stock Benefit Trust (J-ESOP).」
The post-stock-split voting rights status disclosed that the BBT trust account held 866,180 shares. A simple comparison with the figures before the stock split and cancellation of treasury shares is not possible. - FY2024-Q2Decrease in shares held under BBTAnnual report
「The company's shares held by the trust account related to the Stock Benefit Trust (BBT), totaling 229,395 shares (2,293 voting rights), and the company's shares held by the trust account related to the Stock Benefit Trust (J-ESOP), totaling 309,800 shares (3,098 voting rights), are included.」
BBT's shares held in the trust account totaled 229,395, down from 239,795 in the previous quarter. - FY2024-Q1Decrease in shares held under BBTAnnual report
「The common shares under “Fully Voting Shares (Other)” include 100 shares (1 voting right) held in the name of the Japan Securities Depository Center, 239,795 of the company's shares (2,397 voting rights) held by the trust account related to the Stock Benefit Trust (BBT), and 310,000 of the company's shares (3,100 voting rights) held by the trust account related to the Stock Benefit Trust (J-ESOP).」
The number of shares held by the trust account related to BBT was stated as 239,795, down from 240,500 in the previous disclosure. J-ESOP continued to be stated as holding 310,000 shares. - FY2023AdvancedAnnual report
「The targets for the principal evaluation metrics for the fiscal year were individual order intake of ¥223.0 billion, consolidated operating profit of ¥9.6 billion, and consolidated net income of ¥6.6 billion. Actual results were individual order intake of ¥295.496 billion, consolidated operating profit of ¥6.555 billion, and consolidated net income of ¥4.835 billion.」
For BBT's performance-linked metrics, orders received exceeded the target, while consolidated operating income and net income fell short of their targets. The system limit is an aggregate of 182,400 points for the 3 fiscal years from fiscal 2022 through fiscal 2024. - FY2023-Q2Disclosure of increase in shares held under BBTAnnual report
「The company's shares held by the trust account related to the Stock Benefit Trust (BBT), totaling 240,500 shares (2,405 voting rights), are included.」
The number of shares held by the trust account related to BBT was disclosed as 240,500, up from 90,500 in the previous disclosure, although the reason was not stated in the text. - FY2022RaisedAnnual report
「To further strengthen the linkage between directors' compensation and performance, the company will raise the annual maximum number of points granted to directors and others to 60,800 points, including 21,800 points for directors. The aggregate maximum number of points for the 3 fiscal years from fiscal 2022 through fiscal 2024 and for each 3-fiscal-year period beginning after the end of the applicable period is set at 182,400 points.」
For BBT, the maximum was revised upward from the previous aggregate of 100,200 points for fiscal 2019 through fiscal 2021 to an aggregate of 182,400 points for fiscal 2022 through fiscal 2024 and subsequent periods. - FY2022-Q2Decrease in shares held under BBTAnnual report
「The ordinary shares in the “Shares with Full Voting Rights (Other)” category include 100 shares (1 voting right) registered in the name of Japan Securities Depository Center, Inc., and 90,500 shares (905 voting rights) of the Company held in the trust account associated with the Stock Benefit Trust (BBT).」
The number of shares held by the trust account related to BBT was stated as 90,500, down from the previously stated 96,300 shares. - FY2021Disclosure of BBT performance metrics and number of shares to be deliveredAnnual report
「The targets for the principal evaluation metrics for the fiscal year were individual order intake of ¥200.0 billion, consolidated operating profit of ¥6.8 billion, and consolidated net income of ¥4.5 billion. Actual results were individual order intake of ¥248.746 billion, consolidated operating profit of ¥8.714 billion, and consolidated net income of ¥6.859 billion.」
Specific targets and results were disclosed for BBT's performance-linked metrics, and orders received, operating income and net income all exceeded their targets. The shares held by the trust account were stated as 96,300. - FY2021-Q3Decrease in shares held under BBTAnnual report
「The common shares in the “Fully Voting Shares (Other)” column include 100 shares (1 voting right) held in the name of the Japan Securities Depository Center, Incorporated and 96,300 shares (963 voting rights) of the company's stock held by the trust account relating to the Share-Based Benefit Trust (BBT).」
The number of shares held by the trust account related to BBT was stated as 96,300, down from the previously stated 100,200 shares. - FY2020-Q3RestatedAnnual report
「At the end of the third quarter of the current consolidated accounting period, the carrying amount of the treasury shares was ¥129 million and the number of shares was 100,200.」
The disclosure states that the trust account related to BBT held 100,200 shares with a carrying amount of ¥129 million. - FY2020-Q2AdvancedAnnual report
「During the second quarter of the consolidated fiscal period, 資産管理サービス信託銀行株式会社 (Trust E Account) acquired 100,200 shares of the company's stock in connection with the introduction of this plan.」
BBT progressed from the resolution and planning stage to the implementation stage, with the trust account acquiring and recording 100,200 shares of the company's stock. - FY2019First statedAnnual report
「The purpose of this system is to clarify further the linkage between the compensation of the company's officers and the company's performance and share value, and to heighten officers' awareness of contributing to improved performance and increased corporate value over the medium to long term by sharing with shareholders not only the benefits of a rising share price but also the risk of a decline in the share price.」
The company resolved to introduce BBT, a performance-linked stock compensation plan, to strengthen the linkage between executive compensation and performance. The plan provides for a maximum of 100,200 shares over 3 fiscal years, with the trust scheduled to be established in August 2019.