Executive Share-Based Compensation Through a Stock Delivery Trust (BBT)
First written in FY2017-Q2. 14 of 20 entries say "Restated". Latest entry: FY2025-H1.
27 other companies' latest entry also says "Other".
- FY2025-H1Change in the presentation of shares held following the stock splitAnnual report
「The common shares under “Fully Voting Shares (Other)” include 40,800 Company shares held by the Board Benefit Trust (BBT), representing 408 voting rights.」
Following the stock split, the BBT’s holdings are stated as 40,800 shares and 408 voting rights. These figures reflect the 1-for-2 stock split on 1 April 2024 and are not directly comparable with the previous figure of 22,300 shares. - FY2024-Q2RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,300 Company shares held by the Board Benefit Trust (BBT), representing 223 voting rights.」
The BBT plan continues, and the status of the trust’s holdings of 22,300 shares is reconfirmed. - FY2023RestatedAnnual report
「In connection with the introduction of the Board Benefit Trust (BBT) for executive share-based compensation, The Custody Bank of Japan, Ltd. holds 22,300 Company shares.」
The BBT plan continues, and the trust’s holdings are stated as 22,300 shares. - FY2022-Q2Decrease in number of shares heldAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,300 Company shares held by the Board Benefit Trust (BBT), representing 223 voting rights.」
The number of shares held by the BBT is stated as 22,300 as of 30 September 2021, compared with the previously disclosed 22,900 shares. - FY2022-Q1RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure continues to state that the Board Benefit Trust (BBT) holds 22,900 Company shares, with no change in the holdings indicated. - FY2021Application of the performance-linked factor and expense recognitionAnnual report
「The performance-linked factor for the above performance-linked share-based compensation was calculated at 0.9 because consolidated operating income was below 100% of the plan.」
For the BBT, a performance-linked factor of 0.9 was applied based on consolidated operating income relative to the plan, and ¥11.276 million in performance-linked share-based compensation was recognized as an expense for the fiscal year. - FY2021-Q3RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure continues to state that the Board Benefit Trust (BBT) holds 22,900 Company shares, with no material change in the holdings indicated. - FY2021-Q1RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure continues to state that the Board Benefit Trust (BBT) holds 22,900 Company shares, with no change in the holdings under the plan indicated. - FY2020RestatedAnnual report
「We have introduced the Board Benefit Trust (BBT), a share-based compensation plan for directors, to clarify the linkage between executive compensation and share value and to strengthen directors’ awareness of their contribution to improving medium- to long-term performance and increasing corporate value.」
The BBT plan, including performance- and position-linked point awards and the provision of shares and cash upon retirement, continues. The disclosure states that no points were awarded during the fiscal year. - FY2020-Q3RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure continues to state that the Board Benefit Trust (BBT) holds 22,900 Company shares. - FY2020-Q1RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure continues to state that the Board Benefit Trust (BBT) holds 22,900 Company shares, with no material change in the holdings indicated. - FY2019No points awarded for the fiscal yearAnnual report
「However, no points were awarded for the fiscal year, as points are not awarded when operating income at IWATSUKA CONFECTIONERY CO.,LTD. is 90% or less of the previous year’s level.」
Based on the BBT’s performance-linked conditions, no points for executive share-based compensation were awarded for the fiscal year. The plan itself continues. - FY2019-Q3RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure continues to state that the Board Benefit Trust (BBT) holds 22,900 Company shares, with no material change in the holdings indicated. - FY2019-Q2RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure continues to state that the Board Benefit Trust (BBT) holds 22,900 Company shares, with no material change in the holdings under the plan indicated. - FY2019-Q1RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure continues to state that the Board Benefit Trust (BBT) holds 22,900 Company shares, with no material change in the holdings indicated. - FY2018-Q3RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure continues to state that the Board Benefit Trust (BBT) holds 22,900 Company shares, with no material change in the holdings under the plan indicated. - FY2018-Q2RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure continues to state that the Board Benefit Trust (BBT) holds 22,900 Company shares. - FY2018-Q1RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 22,900 Company shares held by the Board Benefit Trust (BBT), representing 229 voting rights.」
The disclosure states that the Board Benefit Trust (BBT) holds 22,900 Company shares, confirming the holding position reported previously. - FY2017-Q3AdvancedAnnual report
「During the nine-month period of the current consolidated fiscal year, Asset Management Service Bank, Ltd. acquired 22,900 Company shares in connection with the introduction of the Board Benefit Trust (BBT) for executive share-based compensation.」
The disclosure of the Company shares held by the trust under the BBT has been updated to state that 22,900 shares were acquired. The plan linking executive compensation to share value is being implemented. - FY2017-Q2First statedAnnual report
「We have introduced the Board Benefit Trust (BBT), a new share-based compensation plan for directors, to clarify the linkage between executive compensation and share value and to strengthen directors’ awareness of their contribution to improving medium- to long-term performance and increasing corporate value. We award directors a certain number of points based on their positions and the Company’s performance, and provide them with Company shares and cash corresponding to their accumulated points upon retirement or at other applicable times.」
A new plan linking executive compensation to share value was introduced. Under the plan, points are awarded based on position and performance, and shares and cash are provided upon retirement or at other applicable times. The trust has acquired 15,500 Company shares.