Performance-Linked Share Compensation Plan for Directors (BIP Trust)
First written in FY2018-Q2. 13 of 30 entries say "Restated". Latest entry: FY2026.
77 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In addition, at the Board of Directors meeting held on 14 May 2026, we resolved to extend this program for a further 3 years.」
The company decided to extend the BIP Trust for directors for a further 3 years, covering fiscal 2026 through fiscal 2028. In fiscal 2025, the consolidated operating margin was 10.6% versus the 10.5% target, representing an achievement rate of 100.7%. - FY2026-H1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥254 million and 84 thousand shares, respectively, in both the previous consolidated fiscal year and the current interim consolidated accounting period.」
The shares remaining in the BIP Trust for directors were 84 thousand, with a carrying amount of ¥254 million, unchanged from the end of the previous consolidated fiscal year. - FY2025AdvancedAnnual report
「The target consolidated operating profit margin for the fiscal year was 9.7%, while the actual result was 10.5%, resulting in an achievement rate of 107.7%.」
For the performance-linked metrics under the BIP Trust, the company disclosed a consolidated operating margin of 10.5% versus the 9.7% target, representing an achievement rate of 107.7%. Shares remaining in the trust decreased from 93 thousand to 84 thousand. - FY2025-H1Decrease in shares remaining in the BIP trustAnnual report
「The carrying amount of these treasury shares was ¥283 million at the end of the previous consolidated fiscal year and ¥254 million during the current interim consolidated fiscal year, with 84 thousand shares.」
The BIP trust's remaining shares for directors decreased from 93 thousand at the end of the previous fiscal year to 84 thousand, while their carrying amount decreased from ¥283 million to ¥254 million. - FY2024AdvancedAnnual report
「The target consolidated operating profit margin for the fiscal year was 8.8%, while the actual result was 7.9%, resulting in an achievement rate of 89.1%.」
Disclosing the BIP trust performance-linked metric: against a consolidated operating profit margin target of 8.8%, the actual result was 7.9%, for an achievement rate of 89.1%. - FY2024-Q3RestatedAnnual report
「The carrying amount of these treasury shares was ¥174 million at the end of the previous consolidated fiscal year and ¥283 million during the third quarter of the current consolidated fiscal year, with 93 thousand shares.」
Disclosing 93 thousand remaining shares held by the BIP trust for directors and a carrying amount of ¥283 million at the end of the third quarter, unchanged from the previous quarter. - FY2024-Q2Increase in the number of remaining shares held by the BIP trustAnnual report
「The carrying amount and number of these treasury shares were ¥174 million and 69 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥283 million and 93 thousand shares, respectively, during the second quarter of the current consolidated fiscal year.」
The BIP trust's remaining shares for directors increased from 69 thousand at the end of the previous fiscal year to 93 thousand, while their carrying amount increased from ¥174 million to ¥283 million. - FY2024-Q1AdvancedAnnual report
「Disposal date 31 August 2023 (2) Class and number of shares to be disposed of Common shares: 24,500 shares (3) Disposal price ¥4,460 per share (4) Total disposal amount ¥109,270,000」
In connection with the continuation of the executive compensation BIP trust, the Company resolved to dispose of 24,500 common shares through a third-party allotment, with 31 August 2023 as the disposal date and a total disposal amount of ¥109,270,000. - FY2023AdvancedAnnual report
「The target consolidated operating profit margin for the fiscal year was 5.8%, while the actual result was 11.5%, resulting in an achievement rate of 197.1%.」
Disclosing the BIP trust performance-linked metric: against a consolidated operating profit margin target of 5.8%, the actual result was 11.5%, for an achievement rate of 197.1%. The Board of Directors also extended the eligible performance period by 3 years in May 2023. - FY2023-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥244 million and 97 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥174 million and 69 thousand shares, respectively, during the third quarter of the current consolidated fiscal year.」
Disclosing 69 thousand remaining shares held by the BIP trust for directors and a carrying amount of ¥174 million at the end of the third quarter. - FY2023-Q2Decrease in shares remaining in the BIP trustAnnual report
「The carrying amount and number of these treasury shares were ¥244 million and 97 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥174 million and 69 thousand shares, respectively, during the second quarter of the current consolidated fiscal year.」
The BIP trust's remaining shares for directors decreased from 97 thousand to 69 thousand, while their carrying amount decreased from ¥244 million to ¥174 million. - FY2023-Q1Decrease in shares remaining in the BIP trustAnnual report
「The carrying amount and number of these treasury shares were ¥244 million and 97 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥224 million and 88 thousand shares, respectively, during the first quarter of the current consolidated fiscal year.」
The BIP trust's remaining shares for directors decreased from 97 thousand at the end of the previous fiscal year to 88 thousand, while their carrying amount decreased from ¥244 million to ¥224 million. - FY2022AdvancedAnnual report
「The target consolidated operating profit margin for the fiscal year was 5.5%, while the actual result was 8.3%, resulting in an achievement rate of 150.4%.」
For the BIP trust performance-linked metric for directors, the operating profit margin target was 5.5%, the actual result was 8.3%, and the achievement rate was 150.4%. - FY2022-Q3RestatedAnnual report
「Since FY2017, the Company has conducted transactions to deliver its own shares through a trust to directors, excluding outside directors. The carrying amount and number of these treasury shares were ¥244 million and 97 thousand shares, respectively, at the end of the previous consolidated fiscal year and during the third quarter of the current consolidated fiscal year.」
Continuing to disclose the BIP trust for directors and the delivery of shares and cash according to the degree of achievement of performance targets and other factors. At the end of the third quarter, the trust held 97 thousand remaining shares, with a carrying amount of ¥244 million, unchanged from the end of the previous fiscal year. - FY2022-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥244 million and 97 thousand shares, respectively, at the end of the previous consolidated fiscal year and during the first quarter of the current consolidated fiscal year.」
Disclosing 97 thousand remaining shares held by the BIP trust for directors and a carrying amount of ¥244 million at the end of the first quarter, with no change from the end of the previous consolidated fiscal year. - FY2021AdvancedAnnual report
「Regarding this plan, the Board of Directors resolved on 6 August 2020 to extend the trust agreement for 3 years from FY2020 and make an additional contribution to the trust.」
Deciding to extend the contract for the BIP trust for directors by 3 years from FY2020 and make an additional contribution to the trust. - FY2021-Q2Increase in the number of remaining shares held by the BIP trustAnnual report
「The carrying amount and number of these treasury shares were ¥171 million and 57 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥244 million and 97 thousand shares, respectively, during the second quarter of the current consolidated fiscal year.」
The BIP trust's remaining shares increased from 57 thousand to 97 thousand, and their carrying amount increased from ¥171 million to ¥244 million. - FY2021-Q1RestatedAnnual report
「Since FY2017, the Company has conducted transactions to deliver its own shares through a trust to directors, excluding outside directors. The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “BIP trust”). After the retirement of directors and other eligible officers, the Company delivers shares acquired by the BIP trust and pays cash equivalent to the proceeds from the disposal of the Company's shares, according to the degree of achievement of performance targets and other factors.」
Continuing to disclose the eligible participants in the BIP trust for directors, the method of delivering shares and cash through the trust, and payments according to the degree of achievement of performance targets and other factors. The trust held 53 thousand remaining shares, with a carrying amount of ¥161 million. - FY2020AdvancedAnnual report
「The target consolidated operating profit margin for the fiscal year was 4.7%, while the actual result was 7.9%, resulting in an achievement rate of 169%.」
Disclosing the BIP trust performance-linked metric: against a FY2020 operating profit margin target of 4.7%, the actual result was 7.9%, for an achievement rate of 169%. - FY2020-Q2RestatedAnnual report
「Since FY2017, the Company has conducted transactions to deliver its own shares through a trust to directors, excluding outside directors. The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “BIP trust”). After the retirement of directors and other eligible officers, the Company delivers shares acquired by the BIP trust and pays cash equivalent to the proceeds from the disposal of the Company's shares, according to the degree of achievement of performance targets and other factors. The Company's shares remaining in the trust are recognised as treasury shares under net assets at their carrying amount in the trust, excluding incidental costs. The carrying amount and number of these treasury shares were ¥181 million and 60 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥171 million and 57 thousand shares, respectively, during the second quarter of the current consolidated fiscal year.」
Continuing to disclose the eligible participants, structure, and performance-linked conditions of the BIP trust for directors, including 57 thousand remaining shares held by the trust and a carrying amount of ¥171 million at the end of the second quarter. - FY2020-Q1RestatedAnnual report
「Since FY2017, the Company has conducted transactions to deliver its own shares through a trust to directors, excluding outside directors. The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “BIP trust”). After the retirement of directors and other eligible officers, the Company delivers shares acquired by the BIP trust and pays cash equivalent to the proceeds from the disposal of the Company's shares, according to the degree of achievement of performance targets and other factors. The Company's shares remaining in the trust are recognised as treasury shares under net assets at their carrying amount in the trust, excluding incidental costs. The carrying amount and number of these treasury shares were ¥181 million and 60 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥178 million and 59 thousand shares, respectively, during the first quarter of the current consolidated fiscal year.」
Continuing to disclose the eligible participants, structure, and performance-linked conditions of the BIP trust for directors, including 59 thousand remaining shares held by the trust and a carrying amount of ¥178 million. - FY2019AdvancedAnnual report
「The target consolidated operating profit margin for the fiscal year was 6.6%, while the actual result was 3.5%, resulting in an achievement rate of 53%.」
Disclosing operating results under the BIP trust for directors, using the consolidated operating profit margin as the performance metric. Against a FY2019 target of 6.6%, the actual result was 3.5%, for an achievement rate of 53%; the result used to calculate the performance-linked coefficient is shown. - FY2019-Q3RestatedAnnual report
「Since FY2017, the Company has conducted transactions to deliver its own shares through a trust to directors, excluding outside directors. The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “BIP trust”). After the retirement of directors and other eligible officers, the Company delivers shares acquired by the BIP trust and pays cash equivalent to the proceeds from the disposal of the Company's shares, according to the degree of achievement of performance targets and other factors. The carrying amount and number of these treasury shares were ¥181 million and 60 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥181 million and 60 thousand shares, respectively, during the third quarter of the current consolidated fiscal year.」
Continuing to disclose the eligible participants, structure, and performance-linked conditions of the BIP trust for directors introduced in FY2017. The trust held 60 thousand remaining shares, with a carrying amount of ¥181 million. - FY2019-Q2RestatedAnnual report
「Since FY2017, the Company has conducted transactions to deliver its own shares through a trust to directors, excluding outside directors. The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “BIP trust”). After the retirement of directors and other eligible officers, the Company delivers shares acquired by the BIP trust and pays cash equivalent to the proceeds from the disposal of the Company's shares, according to the degree of achievement of performance targets and other factors.」
Continuing to disclose the eligible participants, structure, and performance-linked conditions of the BIP trust for directors introduced in FY2017. The trust held 60 thousand remaining shares, with a carrying amount of ¥181 million. - FY2019-Q1RestatedAnnual report
「Since FY2017, the Company has conducted transactions to deliver its own shares through a trust to directors, excluding outside directors. The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “BIP trust”). After the retirement of directors and other eligible officers, the Company delivers shares acquired by the BIP trust and pays cash equivalent to the proceeds from the disposal of the Company's shares, according to the degree of achievement of performance targets and other factors.」
Continuing to disclose the BIP trust structure for directors introduced in FY2017, including 60 thousand remaining shares held by the trust and a carrying amount of ¥181 million at the end of the first quarter. - FY2018-Q3RestatedAnnual report
「Since FY2017, the Company has conducted transactions to deliver its own shares through a trust to directors, excluding outside directors. [Omitted] The carrying amount and number of these treasury shares are ¥181 million and 60 thousand shares, respectively.」
Continuing to disclose the BIP trust structure for directors introduced in FY2017, including 60 thousand remaining shares held by the trust and a carrying amount of ¥181 million. - FY2018-Q2First statedAnnual report
「Since FY2017, the Company has conducted transactions to deliver its own shares through a trust to directors, excluding outside directors. The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “BIP trust”). After the retirement of directors and other eligible officers, the Company delivers shares acquired by the BIP trust and pays cash equivalent to the proceeds from the disposal of the Company's shares, according to the degree of achievement of performance targets and other factors. The carrying amount and number of these treasury shares are ¥181 million and 121 thousand shares, respectively.」
Since FY2017, the Company has introduced a BIP trust for directors, excluding outside directors, under which shares and other assets are delivered or paid according to the degree of achievement of performance targets and other factors. The trust held 121 thousand remaining shares, with a carrying amount of ¥181 million.