Executive and Employee Incentives through BIP and ESOP Trusts
First written in FY2016. 16 of 22 entries say "Restated". Latest entry: FY2026.
77 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The plan covers the 3 fiscal years from the fiscal year ending March 2026 through the fiscal year ending March 2028 (the “Evaluation Period”). Points will be granted based on the degree of achievement of the targets in the management plan during the Evaluation Period, and after directors retire, the Company will deliver its shares and pay cash equivalent to the proceeds from the sale of its shares, in each case according to the accumulated points.」
The operation of the share-based compensation plan was specified for the 3 fiscal years from the fiscal year ending March 2026 through the fiscal year ending March 2028, with awards linked to achievement of the management plan targets. The BIP trust acquired 71,900 shares during the current fiscal year, bringing its year-end holdings to 278,678 shares. - FY2026-H1AdvancedAnnual report
「Overview of the disposal of treasury shares (1) Disposal date: 2 December 2025 (2) Class and number of shares to be disposed of: 74,500 common shares (3) Disposal price: ¥2,566 per share (4) Total disposal amount: ¥191 million (5) Planned recipient: The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account) 74,500 shares」
In connection with an additional contribution to the share grant ESOP trust, the Company resolved to dispose of 74,500 treasury shares on 2 December 2025, for total proceeds of ¥191 million. The disclosure also specified additional trust contributions of ¥161 million to the BIP trust and ¥183 million to the ESOP trust, with the trust period for both plans ending on 31 August 2028. - FY2025ReframedAnnual report
「In addition, at a meeting of the Board of Directors held on 15 May 2025, the Company reviewed its share-based compensation plan and will submit a proposal for partial amendments to the plan to the 25th Annual General Meeting of Shareholders, to be held on 23 June 2025.」
The Company reviewed the share-based compensation plan, including the BIP and ESOP arrangements, to clarify its linkage with compensation and missions after the completion of structural reforms, its sustainable growth strategy and shareholder value, and submitted the proposal to the general meeting of shareholders for introduction from the fiscal year ending March 2026. - FY2025-H1RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 206,700 of the Company’s shares (2,067 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units) and 471,700 shares (4,717 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units).」
The share incentive mechanism through the director compensation BIP trust and share grant ESOP trust continues to be described. Trust-held shares totaled 206,700 in the BIP trust and 471,700 in the ESOP trust. - FY2023-Q3AdvancedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 498,600 of the Company’s shares (4,986 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units) and 206,700 shares (2,067 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units).」
The disclosure lists 498,600 shares held in the share grant ESOP trust and 206,700 shares held in the director compensation BIP trust, updating the trust holdings following the previous resolution on the disposal of treasury shares. - FY2023-Q2AdvancedAnnual report
「In connection with an additional contribution of cash to these plans, the Company will dispose of treasury shares through a third-party allotment to The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account) and The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account), which are co-trustees with Mitsubishi UFJ Trust and Banking Corporation under the director compensation BIP trust agreement and share grant ESOP trust agreement entered into by the Company.」
In connection with additional contributions to the BIP and ESOP trusts, the Company resolved to dispose of 409,726 treasury shares through a third-party allotment, with 1 December 2022 as the disposal date and total proceeds of ¥866 million. - FY2022-Q3RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 249,700 of the Company’s shares (2,497 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units) and 50,700 shares (507 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units).」
The share-based incentive mechanism for employees and directors through the share grant ESOP trust and director compensation BIP trust continues. - FY2022-Q1RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 294,600 of the Company’s shares (2,946 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units) and 50,700 shares (507 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units).」
The share-based incentive mechanism for employees and directors through the share grant ESOP trust and director compensation BIP trust continues. - FY2021-Q3RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 295,200 of the Company’s shares (2,952 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units) and 50,700 shares (507 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units).」
The share-based incentive mechanism for employees and directors through the share grant ESOP trust and director compensation BIP trust continues to be described. - FY2021-Q1RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 310,700 of the Company’s shares (3,107 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units) and 67,800 shares (678 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units).」
The share-based incentive mechanism for employees and directors through the share grant ESOP trust and director compensation BIP trust continues to be described. - FY2020-Q3RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 323,800 of the Company’s shares (3,238 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units) and 67,800 shares (678 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units).」
The share-based incentive mechanism for employees and directors through the share grant ESOP trust and director compensation BIP trust continues to be described. - FY2020-Q2RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 325,700 of the Company’s shares (3,257 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units) and 67,800 shares (678 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units).」
The share-based incentive mechanism for employees and directors through the share grant ESOP trust and director compensation BIP trust continues to be described. - FY2020-Q1RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 329,400 of the Company’s shares (3,294 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units) and 67,800 shares (678 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units).」
The share-based incentive mechanism for employees and directors through the share grant ESOP trust and director compensation BIP trust continues to be described. - FY2019-Q3RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 389,000 of the Company’s shares (3,890 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units) and 67,800 shares (678 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units).」
The share-based incentive mechanism for employees and directors through the share grant ESOP trust and director compensation BIP trust continues to be described. - FY2019-Q2RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 390,700 of the Company’s shares (3,907 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75682 units) and 67,800 shares (678 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75694 units).」
The share incentive mechanisms for employees and directors through the ESOP and BIP trusts continue to be described. - FY2018RestatedAnnual report
「The Company establishes a trust by contributing funds to acquire its shares, with eligible directors who meet certain requirements designated as beneficiaries. The trust acquires from the market the number of the Company’s shares expected to be delivered to directors under the prescribed director share delivery rules. The trust then delivers the Company’s shares to directors free of charge upon their retirement, based on performance indicators during the trust period, their positions and other factors, in accordance with the director share delivery rules.」
The share incentive mechanisms through the BIP and ESOP trusts remain in place. The stated year-end holdings were 34,800 shares in the BIP trust and 273,882 shares in the ESOP trust. - FY2018-Q3RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 277,400 of the Company’s shares (2,774 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75,682 units) and 34,800 shares (348 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75,694 units).」
The share-based incentive mechanism for employees and directors through the share grant ESOP trust and director compensation BIP trust continues to be described. - FY2018-Q2RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 278,700 of the Company’s shares (2,787 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75,682 units) and 34,800 shares (348 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75,694 units).」
The share-based incentive mechanism for employees and directors through the share grant ESOP trust and director compensation BIP trust continues to be described. - FY2018-Q1RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 278,700 of the Company’s shares (2,787 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75,682 units) and 34,800 shares (348 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75,694 units).」
The share grant ESOP trust and director compensation BIP trust continue to be described, and the share-based incentive mechanism for employees and directors remains in place. - FY2017-Q3RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 280,800 of the Company’s shares (2,808 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75,682 units) and 34,800 shares (348 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75,694 units).」
The director compensation BIP trust and share grant ESOP trust continue to be described as share-based compensation and incentive mechanisms for directors and employees. - FY2017-Q2RestatedAnnual report
「The section titled “Shares with Full Voting Rights (Treasury Shares, etc.)” includes 281,800 of the Company’s shares (2,818 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Share Grant ESOP Trust Account, 75,682 units) and 34,800 shares (348 voting rights) owned by The Master Trust Bank of Japan, Ltd. (Director Compensation BIP Trust Account, 75,694 units).」
The director compensation BIP trust and share grant ESOP trust continue to be described as share-based compensation and employee incentive mechanisms. - FY2016First statedAnnual report
「For the purpose of improving business performance, increasing corporate value and promoting a management focus on shareholders, the Company conducts transactions under its share-based compensation plan to deliver its own shares through a BIP trust for director compensation.」
The Company uses share-based compensation for directors to improve business performance, increase corporate value and promote a shareholder-oriented mindset. It has also introduced an ESOP trust for employees.