BBT: Share-Based Compensation Linked to Performance and Share Value
First written in FY2016. 7 of 29 entries say "Restated". Latest entry: 2026-07-24.
The whole theme swung hardest in 2021: 1 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Achieved".
- FY2026ReframedAnnual report
「Since March 2026, the Company has revised the plan to the Stock Benefit Trust (J-ESOP-RS) (the “J-ESOP-RS Plan”), under which shares to be delivered to Managers are subject to transfer restrictions for a specified period, in order to further strengthen employees’ motivation and morale to improve the Company’s share price and business performance.」
The conventional J-ESOP was revised to J-ESOP-RS, under which shares delivered to Managers are subject to transfer restrictions until retirement. The total number of shares scheduled for delivery is 330,476, and 82,548 shares were held in trust at the end of the fiscal year. - FY2026-H1Increase in shares held in trust under J-ESOPAnnual report
「The Company holds 2,436,388 treasury shares, excluding 84,120 shares of the Company held by The Master Trust Bank of Japan, Ltd. (Trust Account E) as trust assets under the Stock Benefit Trust (J-ESOP).」
The number of shares held as trust assets under J-ESOP for management-level employees reached 84,120. This was an increase from the 43,200 shares disclosed at the end of the previous fiscal year. - FY2024AdvancedAnnual report
「The Company records the shares of the Company remaining in the trust as treasury stock under net assets at their carrying amount in the trust, excluding incidental costs. At the end of the current consolidated fiscal year, the carrying amount and number of these treasury shares were ¥247 million and 43,200 shares, respectively.」
For J-ESOP for management-level employees, 43,200 shares remained in the trust, with a carrying amount of ¥247 million, at the end of the fiscal year. - FY2024-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 February 2024, the Company resolved to introduce an incentive plan, the Stock Benefit Trust (J-ESOP) (the “Plan”), under which shares of the Company would be delivered to employees in management positions (the “Managers”). In connection with the introduction of the Plan, the Company also resolved to dispose of treasury shares through a third-party allotment (the “Treasury Share Disposal”). The number of shares to be disposed of corresponds to the number of shares expected to be delivered to Managers during the trust period, based on the share benefit rules, covering the 6 fiscal years from the fiscal year ending March 2025 through the fiscal year ending March 2030. This represents 0.15% of the total number of issued shares as of 30 September 2023, or 28,747,667 shares.」
Following the end of the BBT program, the Company resolved to introduce J-ESOP for employees in management positions, in addition to the restricted stock compensation for directors and other officers. It plans to dispose of 43,200 treasury shares, with a total disposal value of ¥247,104,000, covering the 6 fiscal years from the fiscal year ending March 2025 through the fiscal year ending March 2030. - FY2023-Q3RestatedAnnual report
「The carrying amount and number of shares of the treasury stock in question were ¥188 million and 68,140 shares, respectively, at the end of the previous consolidated fiscal year; no such shares remained at the end of the third quarter of the current consolidated fiscal year.」
After the BBT program ended, it was confirmed that the 68,140 shares held in trust at the end of the previous consolidated fiscal year were no longer held at the end of the third quarter. - FY2023-Q2AchievedAnnual report
「The Company terminated the Share Benefit Trust (BBT) as of 29 June 2022 and, in accordance with the terms of the trust agreement for the BBT, acquired the 64,040 of the Company's shares constituting the residual assets for no consideration on 29 July 2022 pursuant to Article 155, item 13 of the Companies Act and Article 27, item 1 of the Ordinance for Enforcement of the Companies Act, and cancelled them on 31 August 2022 based on a resolution of the Board of Directors meeting held on 2 August 2022.」
BBT ended on 29 June 2022, and the acquisition and cancellation of the 64,040 remaining shares was completed on 31 August 2022. Under the successor restricted stock compensation plan, 18,696 treasury shares were also disposed of for allocation on 28 July 2022. - FY2023-Q1AdvancedAnnual report
「In connection with the introduction of the restricted stock compensation plan described below, the Company will terminate the Share Benefit Trust (BBT) as of 29 June 2022. In accordance with the terms of the trust agreement for the BBT, it will acquire the 64,040 of the Company's shares constituting the residual assets for no consideration on 29 July 2022 pursuant to Article 155, item 13 of the Companies Act and Article 27, item 1 of the Ordinance for Enforcement of the Companies Act, and plans to cancel them on 31 August 2022 based on a resolution of the Board of Directors meeting held on 2 August 2022. In addition, based on a resolution of the Board of Directors meeting held on 6 July 2022, the Company disposed of 18,696 treasury shares on 28 July 2022 for allocation under the restricted stock compensation plan.」
BBT ended on 29 June 2022, and procedures began to acquire and cancel the remaining shares. Under the successor restricted stock compensation plan, 18,696 treasury shares were also disposed of for allocation. - FY2022ReframedAnnual report
「In connection with the introduction of this plan, the Company abolished the provisions governing compensation under the Share Benefit Trust (BBT).」
The Company abolished the BBT performance-linked share-based compensation plan and changed to the restricted stock compensation plan approved on 22 April 2022 and 29 June 2022. The BBT trust had 68,140 shares remaining, with a carrying amount of ¥188 million. - FY2022-Q2Decrease in shares remaining in the BBT trustAnnual report
「The Company holds 881,161 treasury shares, excluding the 68,140 of the Company's shares held by Japan Custody Bank, Ltd. as trust assets of the Share Benefit Trust (BBT).」
The number of shares held as BBT trust assets decreased from the 69,840 shares reported at the end of the previous fiscal year and other periods to 68,140 shares. - FY2021Decrease in shares remaining in the BBT trustAnnual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥196 million and 70,840 shares in the previous consolidated fiscal year, and ¥193 million and 69,840 shares at the end of the current consolidated fiscal year, respectively.」
The BBT trust shares remaining decreased from 70,840 shares to 69,840 shares, and their carrying amount decreased from ¥196 million to ¥193 million. - FY2021-Q3RestatedAnnual report
「69,840 of the Company's shares held by Japan Custody Bank, Ltd. as trust assets of the Share Benefit Trust (BBT)」
The number of shares held as BBT trust assets remained at 69,840 shares, unchanged from the second-quarter disclosure, and the Company continues to disclose the plan's implementation status. - FY2021-Q2Decrease in shares remaining in the BBT trustAnnual report
「69,840 of the Company's shares held by Japan Custody Bank, Ltd. as trust assets of the Share Benefit Trust (BBT)」
The number of shares held as BBT trust assets decreased from the 70,840 shares reported at the end of the previous fiscal year and other periods to 69,840 shares. - FY2020RestatedAnnual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥201 million and 72,640 shares in the previous consolidated fiscal year, and ¥196 million and 70,840 shares at the end of the current consolidated fiscal year, respectively.」
The BBT plan continued, with shares remaining in the trust changing from 72,640 shares to 70,840 shares and their carrying amount changing from ¥201 million to ¥196 million. - FY2020-Q3Decrease in shares remaining in the BBT trustAnnual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥201 million and 72,640 shares at the end of the previous consolidated fiscal year, and ¥196 million and 70,840 shares at the end of the third quarter of the current consolidated fiscal year, respectively.」
The BBT trust shares remaining changed from 72,640 shares to 70,840 shares, and their carrying amount changed from ¥201 million to ¥196 million. - FY2020-Q2Decrease in shares remaining in the BBT trustAnnual report
「The carrying amount and number of these treasury shares were ¥201 million and 72,640 shares at the end of the previous consolidated fiscal year, and ¥196 million and 70,840 shares at the end of the second quarter of the current consolidated fiscal year, respectively.」
The BBT trust shares remaining changed from 72,640 shares to 70,840 shares, and their carrying amount changed from ¥201 million to ¥196 million. - FY2020-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥201 million and 72,640 shares at the end of the previous consolidated fiscal year and the end of the first quarter of the current consolidated fiscal year, respectively.」
The Company continues to disclose the carrying amount of ¥201 million and 72,640 shares for BBT trust shares remaining after the share consolidation, at the end of the previous consolidated fiscal year and the end of the first quarter. - FY2019-Q3Presentation of remaining shares after the share consolidationAnnual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥203 million and 366,700 shares at the end of the previous consolidated fiscal year, and ¥201 million and 72,640 shares at the end of the third quarter of the current consolidated fiscal year. On 1 October 2018, the Company conducted a share consolidation at a ratio of 1 share for every 5 common shares.」
The number of BBT trust shares remaining was presented as 72,640 shares after the 1-for-5 share consolidation on 1 October 2018. The carrying amount changed from ¥203 million to ¥201 million. - FY2019-Q2Decrease in shares remaining in the BBT trustAnnual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. At the end of the previous consolidated fiscal year and the end of the second quarter of the current consolidated fiscal year, the carrying amount and number of these treasury shares were ¥203 million and 366,700 shares, and ¥201 million and 363,200 shares, respectively.」
The BBT shares remaining in the trust changed from 366,700 shares to 363,200 shares, and their carrying amount changed from ¥203 million to ¥201 million. - FY2019-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥203 million and 366,700 shares at the end of the previous consolidated fiscal year and the end of the first quarter of the current consolidated fiscal year, respectively.」
For BBT's remaining shares held in trust, the carrying amount of ¥203 million and 366,700 shares at the end of the previous consolidated fiscal year and the end of the first quarter have been disclosed again. - FY2018RestatedAnnual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥205 million and 370,000 shares at the end of the previous consolidated fiscal year, and ¥203 million and 366,700 shares at the end of the current consolidated fiscal year, respectively.」
The full-year figures confirm that BBT shares remaining in the trust changed from 370,000 shares to 366,700 shares, and their carrying amount changed from ¥205 million to ¥203 million. - FY2018-Q3Decrease in shares remaining in the BBT trustAnnual report
「The carrying amount and number of these treasury shares were ¥205 million and 370,000 shares at the end of the previous consolidated fiscal year, and ¥203 million and 366,700 shares at the end of the third quarter of the current consolidated fiscal year, respectively.」
The BBT shares remaining in the trust changed from 370,000 shares to 366,700 shares, and their carrying amount changed from ¥205 million to ¥203 million. - FY2018-Q1RestatedAnnual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. At the end of the previous consolidated fiscal year and the end of the first quarter of the current consolidated fiscal year, the carrying amount and number of these treasury shares were ¥205 million and 370,000 shares, respectively.」
For BBT's remaining shares held in trust, the carrying amount of ¥205 million and 370,000 shares at the end of the previous consolidated fiscal year and the end of the first quarter have been disclosed again. - FY2017AchievedAnnual report
「On 26 December 2016, the Company contributed ¥206 million, and Asset Management Service Trust Bank, Ltd. acquired 370,000 of the Company's shares for ¥205 million.」
The BBT performance-linked share-based compensation plan was implemented, with the ¥206 million contribution and acquisition of 370,000 shares completed. - FY2017-Q3AdvancedAnnual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. At the end of the third quarter of the current consolidated fiscal year, the carrying amount and number of these treasury shares were ¥205 million and 370,000 shares, respectively.」
For BBT, the remaining shares held in trust as of the quarter-end, 370,000 shares, and their carrying amount, ¥205 million, have been disclosed, providing details on the plan's implementation. - FY2016First statedAnnual report
「The Company is introducing this plan to clarify the link between executive compensation and the Company's results and share value, and to raise executives' awareness of contributing to improved medium- to long-term performance and greater corporate value by having them share with shareholders not only the benefits of a rising share price but also the risk of a decline.」
BBT was introduced with an initial plan period covering the 3 fiscal years from the end of March 2017 to the end of March 2019 and a contribution limit of ¥206 million.