Introduction of the Board Benefit Trust (BBT)
First written in FY2017. 1 of 2 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2018-Q3.
37 other companies' latest entry also says "Advanced".
- FY2018-Q3AdvancedAnnual report
「Under this disposal of treasury shares, treasury shares will be disposed of through a third-party allotment to Trust E established with Asset Management Service Trust Bank, Ltd. Trust E is the re-trustee that receives a re-trust from Mizuho Trust & Banking Co., Ltd., the trustee of the trust established under the trust agreement concerning this plan with Mizuho Trust & Banking Co., Ltd., for the purpose of holding and disposing of the Company's shares in administering the plan.」
A resolution was passed to dispose of 65,000 common shares of treasury stock through a third-party allotment, with 19 February 2018 as the payment date and an aggregate disposal price of ¥99,775,000, for the operation of the Stock Benefit Trust (BBT). - FY2017First statedAnnual report
「At the 50th Annual General Meeting of Shareholders held on 21 June 2017, a resolution was passed to introduce the Stock Benefit Trust (BBT) as a stock-based compensation plan. Under this plan, the Company's shares are acquired through a trust using funds contributed by the Company and are provided through the trust to the Company's directors, excluding outside directors, in accordance with the Company's rules governing the provision of shares to officers.」
The plan links director compensation to share value and is intended to raise awareness of long-term earnings growth and increases in corporate value.