Transition from Executive Retirement Benefits to Performance-Linked Stock Compensation
First written in FY2016. 10 of 15 entries say "Restated". Latest entry: FY2026.
22 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Company shares and other assets to be delivered to directors and other officers will be acquired, including shares for future delivery, using funds placed in the trust in advance, and held separately as trust assets.」
The performance-linked stock compensation plan through BBT continues, with 93,700 shares held by the trust. - FY2025RestatedAnnual report
「Company shares and other assets to be delivered to directors and other officers will be acquired, including shares for future delivery, using funds placed in the trust in advance, and held separately as trust assets.」
The performance-linked stock compensation plan, BBT, continues to operate, and 93,700 shares were held by the trust at the end of the fiscal year. - FY2024RestatedAnnual report
「At the end of the consolidated fiscal year, the carrying amount of the treasury shares was ¥96 million and the number of shares was 93,700.」
The performance-linked stock compensation plan, BBT, for officers continues to operate, and 93,700 shares held by the trust have been disclosed. - FY2024-Q3RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” category include 93,700 company shares held by the trust as trust assets of the Stock Benefit Trust (BBT), representing 937 voting rights, and 104,400 company shares held by the trust as trust assets of the OCHI Holdings Employee Stock Ownership Plan Trust (E-Ship Trust), representing 1,044 voting rights.」
The performance-linked stock compensation plan, BBT, for officers continues to operate, and 93,700 shares held by the trust have been disclosed. - FY2024-Q2RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” category include 93,700 company shares held by the trust as trust assets of the Stock Benefit Trust (BBT), representing 937 voting rights, and 104,400 company shares held by the trust as trust assets of the OCHI Holdings Employee Stock Ownership Plan Trust (E-Ship Trust), representing 1,044 voting rights.」
BBT continues to operate, and 93,700 shares held by the trust have been disclosed. - FY2023-Q2RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” category include 103,300 company shares held by the trust as trust assets of the Stock Benefit Trust (BBT), representing 1,033 voting rights.」
The performance-linked stock compensation plan, BBT, for officers continues, and 103,300 shares held by the trust have been disclosed. - FY2022-Q3RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” category include 109,800 company shares held by the trust as trust assets of the Stock Benefit Trust (BBT), representing 1,098 voting rights.」
The performance-linked stock compensation plan, BBT, for officers continues to operate, and 109,800 shares held by the trust have been disclosed. - FY2022-Q2RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” category include 109,800 company shares held by the trust as trust assets of the Stock Benefit Trust (BBT), representing 1,098 voting rights.」
The performance-linked stock compensation plan, BBT, for officers continues to operate, and 109,800 shares held by the trust have been disclosed. - FY2021-Q3RestatedAnnual report
「The company's shares held by the trust as trust assets of the Stock Benefit Trust (BBT), which are recorded as treasury shares in shareholders' equity, are included in treasury shares deducted when calculating the average number of shares outstanding during the period for the purpose of calculating quarterly net income per share. The average number of these treasury shares deducted in the calculation of quarterly net income per share was 116,100 shares for both the prior third-quarter cumulative consolidated period and the current third-quarter cumulative consolidated period.」
The performance-linked stock compensation plan, BBT, for officers continues to operate, and the trust-held shares deducted in the calculation totaled 116,100, unchanged year on year. - FY2019AdvancedAnnual report
「Based on a resolution of the 9th Annual General Meeting of Shareholders held on 25 June 2019, a compensation framework capped at ¥90 million over the 5 fiscal years in the covered period was re-established for directors, excluding directors serving as Audit and Supervisory Committee members and outside directors.」
For BBT, a compensation framework capped at ¥90 million over 5 fiscal years was re-established for directors excluding directors serving as Audit and Supervisory Committee members and outside directors. - FY2018AdvancedAnnual report
「At the end of the consolidated fiscal year, the carrying amount of the treasury shares was ¥119 million and the number of shares was 116,100.」
The performance-linked stock compensation plan, BBT, continues to operate, and the number of shares held by the trust reached 116,100. - FY2017RestatedAnnual report
「Using the ¥120 million entrusted by the company on 7 September 2016 as the source of funds, the Stock Benefit Trust (BBT) acquired 116,800 shares through the trust's subscription for the company's disposal of treasury shares. It has not yet been determined whether the trust will acquire additional company shares in the future.」
BBT has continued to operate following the abolition of the directors' retirement bonus plan, with 116,800 shares held by the trust and a carrying amount of ¥119 million recorded. - FY2017-Q2AdvancedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 28 June 2016, the company introduced a new performance-linked stock compensation plan for directors and executive officers, referred to as “directors and other officers,” to raise their awareness of contributing to improvements in medium- to long-term performance and growth in corporate value. The plan is the Stock Benefit Trust (BBT).」
The performance-linked stock compensation plan, BBT, was introduced, and as of the end of the second quarter, 116,800 shares held by the trust and a carrying amount of ¥119 million were recorded. - FY2017-Q1AdvancedAnnual report
「In connection with the abolition of the plan, the same General Meeting of Shareholders resolved to make lump-sum payments of retirement bonuses based on the length of service, and ¥42 million in directors' retirement bonus liabilities was recorded under “Other” in non-current liabilities.」
The directors' retirement bonus plan was abolished at the conclusion of the Annual General Meeting of Shareholders held on 28 June 2016, and lump-sum payment of the ¥42 million balance was approved. This filing does not confirm completion of the overall transition to performance-linked stock compensation. - FY2016First statedAnnual report
「For the initial covered period, we will contribute up to ¥120 million to the trust as funds to acquire shares for the future delivery of company shares and other assets to directors and other officers under this plan, comprising ¥90 million for directors and ¥30 million for executive officers.」
The company plans to abolish the directors' retirement bonus plan and introduce BBT, covering the 5 fiscal years from the fiscal year ending March 2017, with a maximum contribution of ¥120 million and a maximum acquisition of 120,000 shares.