Performance-Linked Stock Compensation Plan (BBT) for Executive Officers
First written in FY2020-Q1. 5 of 21 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
Taikisha moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
5 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Approval is requested to revise the current BBT system and transition to the Stock Benefit Trust (BBT-RS (Board Benefit Trust-Restricted Stock)), under which the shares to be delivered will be subject to transfer restrictions until retirement.」
The company disclosed a proposal to transition from the conventional BBT to BBT-RS, incorporating transfer restrictions during tenure, shared rights with shareholders, and linkage to relative TSR, ROE, and non-financial indicators. On 26 February 2026, it made an additional contribution of ¥443 million. - FY2026-H1Update to shares held in the BBT trustAnnual report
「For purposes of calculating interim net income per share, the weighted-average number of treasury shares during the period deducted was 298,914 shares for the previous interim consolidated accounting period and 296,871 shares for the current interim consolidated accounting period.」
The weighted-average number of shares during the current interim consolidated accounting period, deducted from the calculation of interim earnings per share for shares held by BBT's trust E account, has been updated to 296,871 shares. - FY2025-H1Update to shares held in the BBT trustAnnual report
「For purposes of calculating interim net income per share, the weighted-average number of treasury shares during the period deducted was 148,529 shares for the previous interim consolidated accounting period and 149,457 shares for the current interim consolidated accounting period.」
The weighted-average number of shares during the current interim consolidated accounting period, deducted from the calculation of interim earnings per share for shares held by BBT's trust E account, has been updated to 149,457 shares. - FY2024-Q3Update to shares held in the BBT trustAnnual report
「For purposes of calculating quarterly net income per share, the weighted-average number of treasury shares during the period deducted was 120,700 shares for the nine-month period ended the previous third quarter and 148,820 shares for the nine-month period ended the current third quarter.」
The weighted-average number of shares during the nine-month period ended the current third quarter, deducted from the calculation of earnings per share for shares held by BBT's trust E account, has been updated to 148,820 shares. - FY2024-Q2Update to shares held in the BBT trustAnnual report
「For the purpose of calculating quarterly net income per share, the weighted-average number of the relevant treasury shares deducted was 120,700 shares for the six months ended the previous second quarter and 148,529 shares for the six months ended the current second quarter.」
The weighted-average number of shares during the six-month period ended the second quarter, deducted from the calculation of earnings per share for shares held by BBT's trust E account, has been updated to 148,529 shares. - FY2024-Q1Update to shares held in the BBT trustAnnual report
「For the purpose of calculating quarterly net income per share, the weighted-average number of the relevant treasury shares deducted was 120,700 shares for the three months ended the previous first quarter and 147,800 shares for the three months ended the current first quarter.」
It was disclosed that the weighted-average number of shares deducted from the calculation of earnings per share for the three months ended the current first quarter in respect of shares held by BBT Trust E was updated to 147,800. - FY2023AdvancedAnnual report
「At a Board of Directors meeting held on 30 March 2023, the company resolved to establish Executive Officer Stock Benefit Rules with an effective date of 1 April 2023 and to add executive officers, excluding non-residents of Japan, to the eligible recipients of stock benefits under the Plan.」
The company resolved to expand BBT eligibility from executive directors to executive officers and apply the change from 1 April 2023. An additional ¥199 million was contributed for the 3 fiscal years from the fiscal year ending March 2023 through the fiscal year ending March 2025. - FY2023-Q3Update to shares held in the BBT trustAnnual report
「For the purpose of calculating quarterly net income per share, the weighted-average number of the relevant treasury shares deducted was 126,980 shares for the nine months ended the previous third quarter and 120,700 shares for the nine months ended the current third quarter.」
It was disclosed that the weighted-average number of shares deducted from the calculation of earnings per share for the nine months ended the current third quarter in respect of shares held by BBT Trust E was 120,700. - FY2023-Q1Update to shares held in the BBT trustAnnual report
「For the purpose of calculating quarterly net income per share, the weighted-average number of the relevant treasury shares deducted was 136,400 shares for the three months ended the previous first quarter and 120,700 shares for the three months ended the current first quarter.」
It was disclosed that the weighted-average number of shares deducted from the calculation of earnings per share for the three months ended the current first quarter in respect of shares held by BBT Trust E was 120,700. - FY2022AdvancedAnnual report
「Fixed compensation accounts for approximately 6 and performance-linked compensation, comprising bonuses and stock compensation, approximately 4 of total executive director compensation on a standard payment basis. Performance-linked compensation is based on a certain percentage of consolidated ordinary profit, with 50% paid as bonuses and 50% as stock compensation.」
In addition to the operation of BBT, the company explicitly established a system under which fixed compensation and performance-linked compensation are allocated in a 6-to-4 ratio, with the performance-linked component divided equally between bonuses and stock compensation. Consolidated ordinary profit for the fiscal year ended March 2022 was ¥10,818 million against a target of ¥10,000 million. - FY2022-Q3RestatedAnnual report
「For the purpose of calculating quarterly net income per share, the weighted-average number of the relevant treasury shares deducted was 136,400 shares for the nine months ended the previous third quarter and 126,980 shares for the nine months ended the current third quarter.」
Shares held by BBT Trust E continued to be treated as treasury shares and deducted in calculating earnings per share, and the number of shares deducted for the nine months ended the current third quarter was updated. - FY2022-Q2RestatedAnnual report
「The company's shares held by Custody Bank of Japan, Ltd. (Trust E) as trust assets of the "Stock Benefit Trust (BBT)" are included in treasury shares deducted when calculating quarterly net income per share.」
Shares held by BBT Trust E continued to be treated as treasury shares and deducted in calculating earnings per share. The weighted-average number of shares deducted was 129,671. - FY2022-Q1RestatedAnnual report
「The company's shares held by Custody Bank of Japan, Ltd. (Trust E) as trust assets of the "Stock Benefit Trust (BBT)" are included in treasury shares deducted when calculating the weighted-average number of shares outstanding for quarterly net income per share.」
The 136,400 shares held by BBT Trust E were also treated as treasury shares to be deducted in calculating earnings per share for the current first quarter. - FY2021AdvancedAnnual report
「Fixed compensation accounted for approximately 6 and performance-linked compensation, comprising bonuses and stock compensation, approximately 4 of total executive director compensation on a standard payment basis, with the proportions varying under the following "(c) Performance-linked compensation structure". Performance-linked compensation is based on a certain percentage of consolidated ordinary profit, with 50% paid as bonuses and 50% as stock compensation.」
In addition to the introduction and operation of BBT, the company disclosed a compensation structure in which fixed compensation and performance-linked compensation account for approximately 6 and 4, respectively, and the performance-linked component is allocated equally between bonuses and stock compensation. Consolidated ordinary profit was ¥12,287 million against the FY2021 target of ¥12,000 million. - FY2021-Q3RestatedAnnual report
「For the purpose of calculating quarterly net income per share, the weighted-average number of the relevant treasury shares deducted was 68,200 shares for the nine months ended the previous third quarter and 136,400 shares for the nine months ended the current third quarter.」
The 136,400 shares held by BBT Trust E were also treated as treasury shares to be deducted in calculating earnings per share for the current third quarter. - FY2020AdvancedAnnual report
「For the 3 fiscal years from the fiscal year ending March 2020 through the fiscal year ending March 2022, the company will contribute funds of up to ¥450 million to finance the acquisition of its shares by the trust. On 26 August 2019, Asset Management Service Trust Bank Corporation (Trust E) acquired 136,400 shares for ¥449 million, and Trust E held 136,400 of the company's shares at the end of the fiscal year.」
For BBT, the company disclosed for the full fiscal year the plan framework covering 3 fiscal years with a maximum amount of ¥450 million, along with the actual acquisition of 136,400 shares for ¥449 million. - FY2020-Q3RestatedAnnual report
「The purpose of the Plan is to clarify the linkage between executive directors' compensation and the company's business performance and share value, and to raise executive directors' awareness of contributing to improved medium- to long-term performance and increased 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 purpose and post-introduction operation of the BBT plan were reiterated, and it was disclosed that 136,400 shares were held in trust with a carrying amount of ¥449 million as of the end of the current third quarter. - FY2020-Q2AdvancedAnnual report
「Based on a resolution at the 74th Annual General Meeting of Shareholders held on 27 June 2019, the company introduced, from the current second-quarter consolidated accounting period, the performance-linked stock compensation plan for executive directors, the "Stock Benefit Trust (BBT (= Board Benefit Trust))" (the "Plan").」
The BBT introduction plan disclosed in FY2020-Q1 entered the implementation stage from the current second-quarter consolidated accounting period, with 136,400 shares held in trust and a carrying amount of ¥449 million recognized. - FY2020-Q1First statedAnnual report
「In connection with the introduction of the performance-linked stock compensation plan for executive directors announced on 15 May 2019, the "Stock Benefit Trust (BBT = Board Benefit Trust)" (the "Plan"), the company resolved at a Board of Directors meeting held on 9 August 2019 to dispose of treasury shares through a third-party allotment as described below (the "Treasury Share Disposal"): disposal date, 26 August 2019; number of shares to be disposed of, 136,400 common shares; total disposal amount, ¥449,983,600.」
The company disclosed a specific plan to introduce a performance-linked stock compensation plan for executive directors and dispose of 136,400 treasury shares with a total value of ¥449,983,600 through a third-party allotment to Trust E for operation of the plan.