Share price-linked executive compensation through the introduction of a BBT (Board Benefit Trust)
First written in FY2019-Q3. 11 of 21 entries say "Restated". Latest entry: FY2026.
37 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The total number of shares acquired by the trust was 341,200. The timing of any future acquisitions has not yet been determined.」
For BBT-RS, the total number of shares acquired by the trust increased from the 311,200 disclosed for the previous fiscal year to 341,200. - FY2026-H1Increase in remaining trust-held sharesAnnual report
「The carrying amount and number of the treasury shares were ¥55.929 million and 97,200 shares, respectively, at the end of the previous consolidated fiscal year, and ¥97.125 million and 107,600 shares, respectively, at the end of the current interim consolidated fiscal period.」
The treasury shares remaining in the BBT-RS trust increased from 97,200 at the end of the previous fiscal year to 107,600. The carrying amount increased from ¥55.929 million to ¥97.125 million. - FY2025AdvancedAnnual report
「The total number of shares acquired by the trust was 311,200. The timing of any future acquisitions has not yet been determined.」
After the introduction of BBT-RS, the total of 311,200 shares acquired by the trust was disclosed. Following deliveries and other transactions under the former BBT, the number of shares remaining in the trust at the end of the current fiscal year was 97,200. - FY2025-H1ReframedAnnual report
「The Company resolved to abolish the current compensation framework under the existing BBT plan for current directors, excluding outside directors, and to introduce the Stock Benefit Trust (BBT-RS (Board Benefit Trust-Restricted Stock)), under which shares delivered are subject to transfer restrictions until retirement, so that directors and delegated executive officers (collectively, “Directors and Other Officers”), excluding directors who are Audit and Supervisory Committee members and outside directors, would work more actively than before to enhance corporate value.」
The compensation framework under the former BBT plan was abolished and the plan was changed to BBT-RS for Directors and Other Officers, with transfer restrictions until retirement. Points granted under the former BBT were delivered as shares and other assets on 25 October 2024. - FY2024-Q3RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The purpose and structure of BBT continued to be disclosed. The treasury shares remaining in the trust totaled 149,200, with a carrying amount of ¥171.700 million, unchanged from the end of the previous consolidated fiscal year. - FY2024-Q2RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust; the “Plan”) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The purpose of BBT continued to be disclosed. The treasury shares remaining in the trust totaled 149,200, with a carrying amount of ¥171.700 million, unchanged from the end of the previous consolidated fiscal year. - FY2024-Q1RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The purpose and structure of BBT were restated. The treasury shares remaining in the trust totaled 149,200 at both the end of the previous consolidated fiscal year and the end of the first quarter of the current fiscal year, with a carrying amount of ¥171.700 million, unchanged between the two periods. - FY2023-Q3Confirmation of remaining shares after reflecting the stock splitAnnual report
「The carrying amount and number of the treasury shares were ¥171.700 million and 149,200 shares, respectively, at the end of the previous consolidated fiscal year, and ¥171.700 million and 149,200 shares, respectively, at the end of the third quarter of the current consolidated fiscal period.」
Based on the presentation after the stock split, the BBT trust held 149,200 remaining shares with a carrying amount of ¥171.700 million, unchanged from the end of the previous consolidated fiscal year. - FY2023-Q1RestatedAnnual report
「The carrying amount and number of the treasury shares were ¥171.700 million and 74,600 shares, respectively, at the end of the previous consolidated fiscal year, and ¥171.700 million and 74,600 shares, respectively, at the end of the first quarter of the current consolidated fiscal period.」
The BBT trust held 74,600 remaining shares with a carrying amount of ¥171.700 million, unchanged from the end of the previous consolidated fiscal year. - FY2022AdvancedAnnual report
「In addition, following the enforcement on 1 March 2021 of the Act Partially Amending the Companies Act (Act No. 70 of 2019), the 49th Annual General Meeting of Shareholders held on 25 June 2021 determined the upper limit of 50,000 points per business year to be granted to directors.」
For BBT, the General Meeting of Shareholders set an upper limit of 50,000 points per business year, specifying the framework for performance-linked compensation. The share price performance for the current business year was stated as ¥2,173. - FY2022-Q3Increase in remaining trust-held sharesAnnual report
「At the end of the third quarter of the current consolidated fiscal period, the carrying amount of the treasury shares was ¥171.700 million and the number of shares was 74,600.」
The Company's shares remaining in the BBT trust totaled 74,600, with a carrying amount of ¥171.700 million. The number of shares increased from 47,800 at the end of the previous consolidated fiscal year. - FY2022-Q2Decrease in the number of shares remaining in the trustAnnual report
「At the end of the second quarter of the current consolidated fiscal period, the carrying amount of the treasury shares was ¥84.043 million and the number of shares was 45,800.」
The number of remaining BBT trust shares declined from 47,800 at the end of the previous fiscal year and the previous quarter to 45,800, with a carrying amount of ¥84.043 million. - FY2021RestatedAnnual report
「At the end of the current consolidated fiscal year, the carrying amount of the treasury shares was ¥87.713 million in both the previous and current consolidated fiscal years, while the number of shares was 47,800 in both years.」
The purpose of BBT and its share price linkage continued to be disclosed. The trust held 47,800 remaining shares with a carrying amount of ¥87.713 million, unchanged from the previous fiscal year. - FY2021-Q3RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust; the “Plan”) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The purpose and structure of BBT were restated. At the end of the third quarter of the current fiscal year, the trust held 47,800 remaining shares with a carrying amount of ¥87.713 million. - FY2021-Q2RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust; the “Plan”) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The purpose and structure of BBT were restated. At the end of the second quarter of the current fiscal year, the trust held 47,800 remaining shares with a carrying amount of ¥87.713 million. - FY2021-Q1RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust; the “Plan”) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The purpose and structure of BBT were restated. At the end of the first quarter of the current fiscal year, the trust held 47,800 remaining shares with a carrying amount of ¥87.713 million. - FY2020RestatedAnnual report
「At the end of the current consolidated fiscal year, the carrying amount of the treasury shares was ¥89.915 million in the previous consolidated fiscal year and ¥87.713 million in the current consolidated fiscal year, while the number of shares was 49,000 in the previous consolidated fiscal year and 47,800 in the current consolidated fiscal year.」
The decline in the number of remaining BBT trust shares from 49,000 to 47,800 was reconfirmed in the annual results. - FY2020-Q2Decrease in the number of shares remaining in the trustAnnual report
「At the end of the second quarter of the current consolidated fiscal period, the carrying amount of the treasury shares was ¥87.713 million and the number of shares was 47,800.」
The number of remaining shares held in the BBT trust declined from 49,000 at the end of the first quarter to 47,800, with a carrying amount of ¥87.713 million. - FY2020-Q1RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The purpose and structure of BBT, introduced in place of the directors' retirement bonus system, were restated. At the end of the first quarter of the current fiscal year, the trust held 49,000 remaining shares with a carrying amount of ¥89.915 million. - FY2019RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The purpose and structure of the Stock Benefit Trust BBT, introduced in place of the directors' retirement bonus system, and the trust's holding of 49,000 shares were also confirmed in the annual report. - FY2019-Q3First statedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust; the “Plan”) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
Following the abolition of the retirement bonus system, the Company introduced a share-based compensation plan under which shares and other assets are delivered to directors through a trust. The principal delivery date is when a director retires. At the end of the third quarter of the current fiscal year, the trust held 49,000 remaining shares with a carrying amount of ¥89.915 million.