Linking Executive Compensation to Share Value through a Board Benefit Trust
First written in FY2017. 5 of 20 entries say "Cited as achieved", first in FY2018-Q3. Latest entry: FY2026.
42 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The number of these treasury shares was 40,200 at the end of the previous fiscal year. As 18,000 treasury shares were acquired during the fiscal year, the number of these treasury shares was 58,200 at the end of the fiscal year.」
To continue the Stock Benefit Trust (BBT), 18,000 shares were acquired, increasing the number of shares held by the trust from 40,200 to 58,200. - FY2025Decrease in Shares Held in TrustAnnual report
「The number of these treasury shares was 47,000 at the end of the previous fiscal year. As 6,800 shares were distributed under the Plan during the fiscal year, the number of these treasury shares was 40,200 at the end of the fiscal year.」
The number of shares held by the Stock Benefit Trust (BBT) decreased from 47,000 to 40,200 as 6,800 shares were distributed during the year. - FY2025-H1Increase in shares held by the trustAnnual report
「The "Shares with Full Voting Rights (Other)" column includes 600 shares held in the name of Japan Securities Depository Center, Inc. and 40,200 shares held in the name of Custody Bank of Japan, Ltd. (Trust E Account) in connection with the Stock Benefit Trust (BBT) Plan. The "Number of Voting Rights" column includes 6 voting rights attached to the shares with full voting rights held in the name of Japan Securities Depository Center, Inc. and 402 voting rights held in the name of Custody Bank of Japan, Ltd. (Trust E Account).」
The number of shares held in the name of Trust E Account in connection with the Stock Benefit Trust (BBT) is now 40,200, up from the previously stated 30,000 shares. - FY2024-Q3AdvancedAnnual report
「① Disposal date Thursday, 15 February 2024 ② Class and number of shares to be disposed of Common shares: 17,000 shares ③ Disposal price ¥1,105 per share ④ Total disposal amount ¥18,785,000 ⑤ Intended recipient Custody Bank of Japan, Ltd. (Trust E Account)」
To continue the Stock Benefit Trust (BBT), a resolution was presented to dispose of 17,000 treasury shares, with a total value of ¥18,785,000, to Trust E Account, with 15 February 2024 as the disposal date. - FY2024-Q2Decrease in Shares Held in TrustAnnual report
「The "Shares with Full Voting Rights (Other)" column includes 600 shares held in the name of Japan Securities Depository Center, Inc. and 30,000 shares held in the name of Custody Bank of Japan, Ltd. (Trust E Account) in connection with the Stock Benefit Trust (BBT) Plan. The "Number of Voting Rights" column includes 6 voting rights attached to the shares with full voting rights held in the name of Japan Securities Depository Center, Inc. and 300 voting rights held in the name of Custody Bank of Japan, Ltd. (Trust E Account).」
The number of shares held in the name of Trust E Account in connection with the Stock Benefit Trust (BBT) is now 30,000, down from the previously stated 34,900 shares. - FY2024-Q1RestatedAnnual report
「The "Shares with Full Voting Rights (Other)" column includes 600 shares held in the name of Japan Securities Depository Center, Inc. and 34,900 shares held in the name of Custody Bank of Japan, Ltd. (Trust E Account) in connection with the Stock Benefit Trust (BBT) Plan.」
The 34,900 shares held in the name of Trust E Account in connection with the Stock Benefit Trust (BBT) are reiterated as being included in the voting-rights status. - FY2023-Q2Decrease in Shares Held in TrustAnnual report
「The "Shares with Full Voting Rights (Other)" column includes 600 shares held in the name of Japan Securities Depository Center, Inc. and 34,900 shares held in the name of Custody Bank of Japan, Ltd. (Trust E Account) in connection with the Stock Benefit Trust (BBT) Plan. The "Number of Voting Rights" column includes 6 voting rights attached to the shares with full voting rights held in the name of Japan Securities Depository Center, Inc. and 349 voting rights held in the name of Custody Bank of Japan, Ltd. (Trust E Account).」
The number of shares held in the name of Trust E Account in connection with the Stock Benefit Trust (BBT) is stated as 34,900, down from the previously stated 43,600 shares. - FY2022-Q3RestatedAnnual report
「The "Shares with Full Voting Rights (Other)" column includes 660 shares held in the name of Japan Securities Depository Center, Inc. and 43,600 shares held in the name of Custody Bank of Japan, Ltd. (Trust E Account) in connection with the Stock Benefit Trust (BBT) Plan. The "Number of Voting Rights" column includes 6 voting rights attached to the shares with full voting rights held in the name of that center and 436 voting rights held in the name of Custody Bank of Japan, Ltd. (Trust E Account).」
The 43,600 shares held in the name of Trust E Account in connection with the Stock Benefit Trust (BBT) are reiterated in the voting-rights status as of 30 September 2021. - FY2022-Q2Decrease in Shares Held in TrustAnnual report
「The "Shares with Full Voting Rights (Other)" column includes 660 shares held in the name of Japan Securities Depository Center, Inc. and 43,600 shares held in the name of Custody Bank of Japan, Ltd. (Trust E Account) in connection with the Stock Benefit Trust (BBT) Plan. The "Number of Voting Rights" column includes 6 voting rights attached to the shares with full voting rights held in the name of that center and 436 voting rights held in the name of Custody Bank of Japan, Ltd. (Trust E Account).」
The number of shares held in the name of Trust E Account in connection with the Stock Benefit Trust (BBT) is stated as 43,600, down from the previously stated 49,700 shares. - FY2022-Q1Update to the disclosed number of shares held by the trustAnnual report
「The "Shares with Full Voting Rights (Other)" column includes 660 shares held in the name of Japan Securities Depository Center, Inc. and 49,700 shares held in the name of Custody Bank of Japan, Ltd. (Trust E Account) in connection with the Stock Benefit Trust (BBT) Plan.」
For the Stock Benefit Trust BBT, it is stated that the 49,700 shares held in the name of Trust E Account are included in the voting-rights status as of 31 March 2021. - FY2021-Q3AdvancedAnnual report
「1. Overview of the Disposal (1) Disposal date Tuesday, 16 February 2021 (2) Class and number of shares to be disposed of Common shares: 22,000 shares (3) Disposal price ¥1,249 per share (4) Total disposal amount ¥27,478,000 (5) Intended recipient Custody Bank of Japan, Ltd. (Trust E Account)」
To continue the Stock Benefit Trust (BBT), the Company decided to dispose of 22,000 treasury shares, with a total value of ¥27,478,000, to Trust E Account through a third-party allotment, with 16 February 2021 as the disposal date. - FY2021-Q2Change in the number of shares held by the trustAnnual report
「The "Shares with Full Voting Rights (Other)" column includes 600 shares held in the name of Japan Securities Depository Center, Inc. and 27,700 shares held in the name of Custody Bank of Japan, Ltd. (Trust E Account) in connection with the Stock Benefit Trust (BBT) Plan.」
The number of shares held in the name of Trust E Account in connection with the Stock Benefit Trust (BBT) is stated as 27,700 shares. - FY2020-Q2Cited as achievedAnnual report
「The "Shares with Full Voting Rights (Other)" column includes 600 shares held in the name of Japan Securities Depository Center, Inc. and 30,400 shares held in the name of Asset Management Service Trust Bank, Ltd. (Trust E Account) in connection with the Stock Benefit Trust (BBT) Plan.」
It is stated that the Stock Benefit Trust BBT has been introduced and that the 30,400 shares held in the name of Trust E Account are included in the voting-rights status. - FY2019Cited as achievedAnnual report
「Following approval at the 102nd Annual General Meeting of Shareholders held on 28 June 2017, the Company introduced, effective 18 August 2017, the Stock Benefit Trust (BBT, or Board Benefit Trust; hereinafter, the "Plan") for the Company's directors and executive officers, excluding outside directors (collectively, "Directors and Other Officers"), with the aim of raising their awareness of contributing to the increase of corporate value over the medium to long term.」
The introduction of the Stock Benefit Trust BBT and the purpose of the Plan are reiterated. - FY2019-Q2Cited as achievedAnnual report
「The Company has introduced the Stock Benefit Trust (BBT). The Company's shares remaining in the trust are included in treasury shares under net assets and deducted in calculating quarterly (current-period) net income per share.」
The introduction of the Stock Benefit Trust BBT and its accounting treatment are reiterated. - FY2018Cited as achievedAnnual report
「Using the ¥55 million placed in a money trust by the Company on 18 August 2017, Mizuho Trust & Banking Co., Ltd., the trustee of the Plan, acquired 211,000 shares through the trading market. Asset Management Service Trust Bank, Ltd. (retrustee: Trust E Account) acted as the re-trustee.」
The trust amount and number of shares acquired after the introduction of the Stock Benefit Trust BBT, as well as the number of shares remaining after the share consolidation, are stated specifically. - FY2018-Q3Cited as achievedAnnual report
「The Stock Benefit Trust (BBT) has been introduced from the second quarter of the consolidated accounting period. The Company's shares remaining in the trust are included in treasury shares under net assets and deducted in calculating quarterly net income per share.」
The introduction of the Stock Benefit Trust (BBT) and its accounting treatment are stated again. - FY2018-Q2AchievedAnnual report
「Following approval at the 102nd Annual General Meeting of Shareholders held on 28 June 2017, the Company introduced, effective 18 August 2017, the Stock Benefit Trust (BBT, or Board Benefit Trust; hereinafter, the "Plan") for the Company's directors and executive officers, excluding outside directors (collectively, "Directors and Other Officers"), with the aim of raising their awareness of contributing to the increase of corporate value over the medium to long term.」
Following approval at the General Meeting of Shareholders and the Board of Directors' decision, the Stock Benefit Trust was introduced on 18 August 2017, and the trust acquired 211,000 shares of the Company. - FY2018-Q1AdvancedAnnual report
「At the resolution of the 102nd Annual General Meeting of Shareholders held on 28 June 2017, the Company approved the introduction of the Stock Benefit Trust (BBT, or Board Benefit Trust). In response, the Board of Directors resolved on 28 July 2017 to enter into the trust agreement for the Stock Benefit Trust.」
Following shareholder approval of the introduction, the Board of Directors decided on the trust agreement on 28 July 2017, and the introduction plan has progressed to the stage of specific procedures. - FY2017First statedAnnual report
「The Company's Board of Directors decided to introduce this plan to clarify the linkage between compensation for directors and other officers and the Company's share value, and to raise awareness among directors and other officers of their contribution to increasing corporate value over the medium to long term by sharing with shareholders not only the benefits of share-price appreciation but also the risk of share-price declines.」
The Company has announced a policy to introduce the Stock Benefit Trust BBT for directors and executive officers, with the aim of linking compensation to share value. The initial coverage period is 2 fiscal years, and the trust contribution is capped at ¥55 million, including a maximum of ¥35 million for directors.