Linkage with long-term corporate value through a stock compensation trust
First written in FY2016. 18 of 21 entries say "Restated". Latest entry: FY2025.
44 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「To continue this plan, the company resolved to make an additional cash contribution to the trust so that the trust can acquire the shares expected to be needed for future benefits, and to dispose of treasury shares through a third-party allotment to Trust E Account established at Custody Bank of Japan, Ltd., the re-trustee to which the assets were re-trusted by Mizuho Trust & Banking Co., Ltd., the trustee of this trust, for the purpose of holding and disposing of the company's shares in operating the plan.」
To continue BBT, the company made an additional contribution to the trust and disposed of 480,000 treasury shares through a third-party allotment for a total disposal amount of ¥1,184 million. The number of shares held in Trust E Account increased to 1,081,700. - FY2025-H1AdvancedAnnual report
「To continue this plan, the company resolved to make an additional cash contribution to the trust so that the trust can acquire the shares expected to be needed for future benefits, and to dispose of treasury shares through a third-party allotment to Trust E Account established at Custody Bank of Japan, Ltd., the re-trustee to which the assets were re-trusted by Mizuho Trust & Banking Co., Ltd., the trustee of this trust, for the purpose of holding and disposing of the company's shares in operating the plan.」
The company resolved to make an additional contribution and dispose of treasury shares through a third-party allotment to continue the BBT plan, and disclosed the number of shares to be disposed of as 480,000, the total disposal amount as ¥1,659,840,000, and the disposal date as 2024-12-2. - FY2024-Q3RestatedAnnual report
「The 1,076,400 common shares shown under “Shares with full voting rights (treasury shares, etc.)” include 743,500 treasury shares held by the company and 332,900 shares of the company's stock (3,329 voting rights) owned by Custody Bank of Japan, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan.」
The stock compensation trust (BBT) plan continues, and 332,900 shares held in Trust E Account are disclosed. - FY2024-Q2RestatedAnnual report
「The 332,900 shares of the company's stock (3,329 voting rights) owned by Custody Bank of Japan, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan are included.」
The BBT plan continues, and 332,900 shares held in Trust E Account are disclosed. - FY2024-Q1RestatedAnnual report
「The 940,900 common shares shown under “Shares with full voting rights (treasury shares, etc.)” include 607,800 treasury shares held by the company and 333,100 shares of the company's stock (3,331 voting rights) owned by Custody Bank of Japan, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan.」
The stock compensation trust (BBT) plan remains in place, and 333,100 shares held in the trust account are disclosed. - FY2023-Q1RestatedAnnual report
「The 950,900 common shares shown under “Shares with full voting rights (treasury shares, etc.)” include 607,500 treasury shares held by the company and 343,400 shares of the company's stock (3,434 voting rights) owned by Custody Bank of Japan, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan.」
The stock compensation trust (BBT) plan remains in place, and 343,400 shares held in the trust account are disclosed. - FY2022RestatedAnnual report
「The number of treasury shares held during the fiscal year includes 343,450 shares of the company's stock owned by Custody Bank of Japan, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan.」
The stock compensation trust (BBT) plan continues, and 343,450 shares held in the trust account are disclosed. - FY2022-Q1RestatedAnnual report
「The 950,800 common shares shown under “Shares with full voting rights (treasury shares, etc.)” include 607,400 treasury shares held by the company and 343,400 shares of the company's stock (3,434 voting rights) owned by Custody Bank of Japan, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan.」
The BBT plan remains in place, and 343,400 shares held in the trust account are disclosed. - FY2021-Q3RestatedAnnual report
「The 960,000 common shares shown under “Shares with full voting rights (treasury shares, etc.)” include 607,600 treasury shares held by the company and 352,400 shares of the company's stock (3,524 voting rights) owned by Custody Bank of Japan, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan.」
The stock compensation trust (BBT) plan continues, and 352,400 shares held in the trust account are disclosed. - FY2021-Q1RestatedAnnual report
「The 971,400 common shares shown under “Shares with full voting rights (treasury shares, etc.)” include 607,300 treasury shares held by the company and 364,100 shares of the company's stock (3,641 voting rights) owned by Asset Management Service Bank, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan.」
The stock compensation trust (BBT) plan remains in place, and 364,100 shares held in the trust account are disclosed. - FY2020RestatedAnnual report
「In addition, excluding outside directors and audit & supervisory board members, the company has introduced a stock compensation plan, the stock compensation trust (BBT). The plan was established to review the executive compensation system, abolish the retirement benefit system for officers, and clarify the linkage between the compensation of directors, executive officers and others and the value of the company's shares.」
The company describes BBT as an ongoing stock compensation plan and also discloses the 369,600 shares held in the trust account as of the end of March 2020. - FY2020-Q3RestatedAnnual report
「The 869,400 common shares shown under “Shares with full voting rights (treasury shares, etc.)” include 719,800 treasury shares held by the company and 149,600 shares of the company's stock (1,496 voting rights) owned by Asset Management Service Bank, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan.」
The stock compensation trust (BBT) plan remains in place, and 149,600 shares held in the trust account are disclosed. - FY2020-Q2RestatedAnnual report
「The 149 thousand shares of the company's stock owned by Asset Management Service Bank, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan are not included in treasury shares.」
The stock compensation trust (BBT) plan remains in place, and 149 thousand shares held in the trust account are disclosed. - FY2020-Q1RestatedAnnual report
「The 299,700 common shares shown under “Shares with full voting rights (treasury shares, etc.)” include 150,100 treasury shares held by the company and 149,600 shares of the company's stock (1,496 voting rights) owned by Asset Management Service Bank, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan.」
The stock compensation trust (BBT) plan remains in place, and 149,600 shares held in the trust account are disclosed. - FY2019-Q3RestatedAnnual report
「Shares with full voting rights (treasury shares, etc.) (Treasury shares held by the company) Common shares 367,400 1,731 — (Note) 1. The 367,400 common shares shown under “Shares with full voting rights (treasury shares, etc.)” include 194,300 treasury shares held by the company and 173,100 shares of the company's stock (1,731 voting rights) owned by Asset Management Service Bank, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan.」
The stock compensation trust (BBT) plan remains in place, and 173,100 shares held in the trust account are disclosed. - FY2019-Q2RestatedAnnual report
「The 173,100 shares of the company's stock (1,731 voting rights) owned by Asset Management Service Bank, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan are included.」
The stock compensation trust (BBT) plan remains in place, and the number of shares held in the trust account is disclosed. - FY2018RestatedAnnual report
「In addition, excluding outside directors and Audit & Supervisory Board members, the Company has introduced the Board Benefit Trust (BBT) as a stock-based compensation system.」
The company describes BBT as an ongoing stock compensation plan. - FY2018-Q3RestatedAnnual report
「The 200,200 shares of the company's stock (2,002 voting rights) owned by Asset Management Service Bank, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan are included.」
The BBT plan remains in place, and 200,200 shares held in the trust account are disclosed. - FY2018-Q1RestatedAnnual report
「The 202,900 shares of the company's stock (2,029 voting rights) owned by Asset Management Service Bank, Ltd. (Trust E Account) in connection with the stock compensation trust (BBT) plan are included.」
The stock compensation trust (BBT) plan remains in place, and the number of shares held in the trust account is disclosed. - FY2017RestatedAnnual report
「In addition, excluding outside directors and Audit & Supervisory Board members, the Company has introduced the Board Benefit Trust (BBT) as a stock-based compensation system.」
The company describes BBT as an ongoing stock compensation plan and explains that its purpose is to share the risk of a decline in the share price with shareholders. - FY2016First statedAnnual report
「The purpose is to raise the awareness of directors, executive officers and others that they can contribute to improving medium- to long-term performance and increasing corporate value 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 abolished its retirement benefit system for officers and introduced a stock compensation trust (BBT) for officers and others, excluding outside directors and audit & supervisory board members.