Introducing the performance-linked share compensation plan (BBT)
First written in FY2017. 4 of 12 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
65 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Under the performance-linked compensation plan, points are calculated based on position, achievement of performance targets, which for the fiscal year comprise ROE and operating profit targets, responsibility for climate change and individual evaluation. Shares and cash corresponding to the number of points are provided in separate installments during the director's term of office and upon retirement.」
The plan changed from the BBT to the BIP Trust, covering 5 fiscal years and using ROE, operating profit, climate change response and individual evaluation as metrics. The limit on eligible shares is 580,000. - 2026-08-13Cited as achievedManagement Planning
「Abolished the BBT and newly introduced the directors' compensation BIP trust」
The transition from BBT to a directors' compensation BIP trust was cited as progress in the stock compensation plan. - FY2026-H1AchievedAnnual report
「The Company had introduced the performance-linked share compensation plan, the Board Benefit Trust (BBT), for directors of the Company and its subsidiaries, excluding outside directors. In connection with the introduction of a new performance-linked share compensation plan for officers, the BBT ended on 27 October 2025.」
The former BBT ended on 27 October 2025, and the Officer Compensation BIP Trust was introduced. The BIP covers 5 consecutive fiscal years from the fiscal year ending June 2026 through the fiscal year ending June 2030, and 496,500 shares held by the trust have been recorded. - FY2025ReframedAnnual report
「The Company decided to submit to the 18th Annual General Meeting of Shareholders, scheduled for 25 September 2025, a proposal to introduce the Officer Compensation BIP (Board Incentive Plan) Trust as a new performance-linked share compensation plan in place of the current Board Benefit Trust (BBT), and to revise the amount and terms of compensation and other benefits.」
A plan to change the performance-linked share compensation plan from the current BBT to a BIP Trust was submitted to the shareholders meeting. The future metrics are expected to be ROE, operating profit, climate change response and individual evaluations. - FY2023RestatedAnnual report
「Under the performance-linked compensation plan, points are awarded based on a performance evaluation factor reflecting achievement of the consolidated operating profit target prescribed in the Company's internal regulations and initiatives addressing climate change, multiplied by points corresponding to the recipient's position, with the plan linked to the consolidated profit plan of the Company Group and ESG factors including climate change response. When a director retires and meets the beneficiary requirements, the Company provides shares and cash corresponding to the number of points.」
The BBT mechanism evaluating achievement of the consolidated operating profit target and climate change response and CDP disclosure continued. The addition to the provision for officer share benefits was ¥10 million for the fiscal year. - FY2022ReframedAnnual report
「Under the performance-linked compensation plan, points are awarded based on a performance evaluation factor reflecting achievement of the consolidated operating profit target prescribed in the Company's internal regulations and initiatives addressing climate change, multiplied by points corresponding to the recipient's position, with the plan linked to the consolidated profit plan of the Company Group and ESG factors including climate change response. When a director retires and meets the beneficiary requirements, the Company provides shares and cash corresponding to the number of points.」
In addition to the previous linkage to the consolidated profit plan, the plan was changed to incorporate ESG factors, including climate change response and whether information was disclosed through CDP, into the performance evaluation metrics. All targets were achieved during the fiscal year, and ¥14 million was recorded as an addition to the provision for officer share benefits. - FY2021AdvancedAnnual report
「During the consolidated fiscal year, actual consolidated operating profit was ¥2,290 million against the consolidated operating profit plan of ¥737 million announced at the end of the previous consolidated fiscal year. As a result, ¥21 million was recorded as an addition to the provision for officer share benefits for the fiscal year.」
For the BBT performance-linked metric, actual consolidated operating profit was ¥2,290 million against the plan of ¥737 million, and ¥21 million was recorded as an addition to the provision for officer share benefits. The plan's operating results were documented in specific terms. - FY2020RestatedAnnual report
「Under the performance-linked compensation plan, points are awarded based on the consolidated operating profit achievement factor prescribed in the Company's internal regulations, multiplied by points corresponding to the recipient's position, with the plan linked to the consolidated profit plan of the Company Group. When a director retires and meets the beneficiary requirements, the Company provides shares and cash corresponding to the number of points.」
The mechanism linking BBT to achievement of the consolidated operating profit plan and position-based points, as well as benefits payable upon retirement, continued to be disclosed. - FY2019AdvancedAnnual report
「Under the performance-linked compensation plan, points are awarded based on the consolidated operating profit achievement factor prescribed in the Company's internal regulations, multiplied by points corresponding to the recipient's position, with the plan linked to the consolidated profit plan of the Company Group. When a director retires and meets the beneficiary requirements, the Company provides shares and cash corresponding to the number of points. During the consolidated fiscal year, actual consolidated operating profit was ¥1,118 million against the profit plan of ¥1,331 million. As a result, ¥11 million was recorded as an addition to the provision for officer share benefits for the fiscal year.」
The BBT's performance-linked mechanism was disclosed in detail. Actual consolidated operating profit was ¥1,118 million against the plan of ¥1,331 million, and ¥11 million was recorded as an addition to the provision for officer share benefits. The plan's operation was documented in specific terms. - FY2018RestatedAnnual report
「In connection with this, the Company acquired its own shares through the trust in March 2018.」
The disclosure described the acquisition of the Company's own shares through the trust under the BBT and the plan's limit of 84,000 shares over 3 fiscal years. - FY2018-Q3AdvancedAnnual report
「In connection with this, the Company acquired its own shares through the trust in March 2018. The carrying amount and number of these treasury shares were ¥79,790 thousand and 71,200 shares, respectively, as of the end of the third quarter of the consolidated fiscal year.」
Under the performance-linked share compensation plan (BBT), the Company acquired its own shares through the trust in March 2018. At the end of the third quarter, the shares held by the trust totaled 71,200, with a carrying amount of ¥79,790 thousand. - FY2017First statedAnnual report
「The purpose of this plan is to clarify the linkage between compensation for eligible officers and the Company's performance and share value, and to heighten their awareness of contributing to improved medium- to long-term performance and increased corporate value by having eligible officers share with shareholders not only the benefits of a rising share price but also the risk of a decline.」
The introduction of the plan was approved at the shareholders meeting held on 28 September 2017. Using a Board Benefit Trust (BBT), the plan set a limit of 42,000 shares to be acquired for eligible officers over 3 fiscal years, with a trust agreement and cash trust planned for November 2017.