Aligning the Interests of Directors and Shareholders Through Performance-Linked Share-Based Compensation
First written in FY2016. 14 of 22 entries say "Restated". Latest entry: FY2026-H1.
26 other companies' latest entry also says "Other".
- FY2026-H1Decline in shares held in the trustAnnual report
「The common shares in the “Fully Voting Shares (Other)” category include 85,800 shares of the Company's stock held by the Stock Benefit Trust (858 voting rights).」
The number of shares held by the Stock Benefit Trust under the performance-linked stock compensation system reached 85,800, down from 95,400 reported previously. - FY2024AchievedAnnual report
「Of the 61,960-share increase in treasury shares, 61,900 shares resulted from an additional acquisition for the performance-linked stock compensation system (Stock Benefit Trust), and」
Regarding the additional contribution to and acquisition of up to 61,900 shares for the Stock Benefit Trust approved in the previous filing, the additional acquisition of 61,900 shares was completed. Trust-held shares at fiscal year-end totaled 95,400. - FY2024-Q3AdvancedAnnual report
「Based on a resolution of the 37th Annual General Meeting of Shareholders held on 25 October 2023, the Board of Directors resolved at its meeting held on 7 June 2024 to make an additional cash contribution to the performance-linked stock compensation system (Stock Benefit Trust), hereinafter referred to as the “System,” and to the trust established under the trust agreement concluded with Mizuho Trust & Banking Co., Ltd. in connection with the System, hereinafter referred to as the “Trust.” (2) Additional trust contribution: ¥250 million (4) Maximum number of shares to be acquired: 61,900 shares (5) Share acquisition period: 21 June 2024 to 5 July 2024 (予定)」
The company approved a plan to make an additional contribution of ¥250 million and acquire up to 61,900 shares to continue the Stock Benefit Trust. The continued operation of the existing system has moved into the concrete implementation stage through the additional contribution. - FY2023ReframedAnnual report
「The details of the revised executive compensation system, Stock Benefit Trust (BBT-RS), are as follows.」
The existing BBT was revised to BBT-RS, which imposes transfer restrictions until retirement. The maximum number of points awarded per 3 fiscal years is 71,000, including 52,000 points for the Company's directors, and eligibility has been expanded to directors and executive officers of the Company and its subsidiaries. - FY2023-Q2RestatedAnnual report
「The carrying amount of these treasury shares at the end of the previous consolidated fiscal year and at the end of the second quarter consolidated accounting period was ¥86.698 million, and the number of shares was 33,500.」
The performance-linked stock compensation system (BBT) continues to operate, with 33,500 shares remaining in the trust, unchanged from the end of the previous consolidated fiscal year. - FY2022BBT trust-held shares decreased to 33,500Annual report
「We have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)). The carrying amount of these treasury shares at the end of the previous consolidated fiscal year was ¥89.804 million, and the number of shares was 34,700. At the end of the current consolidated fiscal year, the carrying amount was ¥86.698 million, and the number of shares was 33,500.」
The shares held by the BBT trust decreased from 34,700 at the end of the previous fiscal year to 33,500. The stock benefit system itself continues. - FY2022-Q2BBT trust-held shares decreased to 33,900Annual report
「The carrying amount of these treasury shares at the end of the second quarter consolidated accounting period was ¥87.734 million, and the number of shares was 33,900.」
The shares remaining in the trust under the performance-linked stock compensation system decreased from 34,700 at the end of the previous consolidated fiscal year to 33,900. The system itself continues. - FY2022-Q1RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the purpose and continued operation of BBT, which links performance and share value with directors' compensation. The shares remaining in the trust totaled 34,700. - FY2021RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the purpose and continued operation of BBT, which links performance and share value with directors' compensation. - FY2021-Q1RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the introduction and operation of the Stock Benefit Trust (BBT), which links performance and share value with directors' compensation. - FY2020-Q3RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the purpose and continued operation of the Stock Benefit Trust (BBT), which is linked to performance and share value. The shares remaining in the trust totaled 34,700. - FY2020-Q2RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the purpose and continued operation of the Stock Benefit Trust (BBT), which is linked to performance and share value. The shares remaining in the trust totaled 34,700. - FY2020-Q1RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the purpose and continued operation of the Stock Benefit Trust (BBT), which is linked to performance and share value. - FY2019-Q3RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the purpose and continued operation of the performance-linked stock compensation system, Stock Benefit Trust (BBT). The shares remaining in the trust totaled 34,700. - FY2019-Q2RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the purpose and continued operation of the performance-linked stock compensation system, Stock Benefit Trust (BBT). The shares remaining in the trust totaled 34,700. - FY2018-Q3RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the introduction and operation of the performance-linked stock compensation system, Stock Benefit Trust (BBT). - FY2018-Q2RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the introduction and operation of the performance-linked stock compensation system, Stock Benefit Trust (BBT). - FY2018-Q1RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the introduction and operation of the performance-linked stock compensation system. The trust-held shares totaled 34,700, unchanged from the end of the previous fiscal year. - FY2017RestatedAnnual report
「Under the Company's Directors' Stock Benefit Rules, the system provides the Company's shares to directors based on points awarded according to their position, degree of achievement of performance targets, and other factors.」
The company has reconfirmed the structure and continued operation of the Stock Benefit Trust (BBT), which is linked to performance and share value. - FY2017-Q3RestatedAnnual report
「Based on a resolution of the 30th Annual General Meeting of Shareholders held on 26 October 2016, we have introduced the performance-linked stock compensation system, Stock Benefit Trust (BBT (＝Board Benefit Trust)), to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value.」
The company has reconfirmed the purpose and continued operation of the performance-linked stock compensation system, Stock Benefit Trust (BBT). - FY2017-Q2AdvancedAnnual report
「In connection with the introduction of this system during the second quarter accounting period, Asset Management Service Trust Bank, Ltd. (Trust Account E) acquired 34,700 shares of the Company's stock.」
In connection with the introduction of the performance-linked stock compensation system, Stock Benefit Trust (BBT), the trust acquired 34,700 shares, and a provision for directors' stock benefits was also recorded. The system has moved into actual implementation. - FY2016First statedAnnual report
「The Board of Directors will introduce this system to clarify the link between the compensation of directors, excluding outside directors, and the Company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term 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 describes the design of a Stock Benefit Trust (BBT), with an initial coverage period of 3 fiscal years and a maximum allocation of 36,000 points to directors.