Performance-Linked Equity Compensation Scheme (BBT)
First written in FY2016. 3 of 13 entries say "Advanced", first in FY2017. Latest entry: FY2026.
26 other companies' latest entry also says "Other".
- FY2026Extinguishment of provision for share-based compensation for directors and executive officersAnnual report
「Provision for share-based compensation for directors and executive officers 9,950 －」
The provision for share-based compensation for directors and executive officers fell from ¥9.950 million at the end of the previous fiscal year to zero. Meanwhile, the BBT plan itself continues, with 173 thousand shares remaining in the trust. - FY2026-H1Decrease in provision for share-based compensation for directors and executive officersAnnual report
「Provision for share-based compensation for directors and executive officers 9,950 3,571」
The provision for share-based compensation for directors and executive officers decreased from ¥9.950 million at the end of the previous fiscal year to ¥3.571 million. No discontinuation of or changes to the share-based compensation plan are stated. - FY2025ReframedAnnual report
「In principle, the timing for the company’s directors to receive delivery of the company’s shares is a specified period each year. (Before the amendment approved at the 43rd Annual General Meeting of Shareholders held on 19 June 2024, it was, in principle, upon a director’s retirement.)」
The BBT plan continues, but following the amendment in June 2024, the timing of share delivery changed from, in principle, upon retirement to a specified period each year, and transfer restrictions were introduced for deliveries made during the director’s tenure. During the fiscal year, 200 thousand shares were delivered as restricted shares in connection with the transition to the revised plan, and ¥9.950 million in performance-linked compensation was recognized. - FY2025-H1Extinguishment of provision for share-based compensation for directors and executive officersAnnual report
「Change in provision for share-based compensation for directors and executive officers (△ indicates a decrease) － △ 45,523」
The provision for share-based compensation for directors and executive officers decreased by ¥45.523 million, leaving a zero balance at the end of the interim period. The discontinuation of the performance-linked share-based compensation plan itself is not stated. - FY2023Performance-linked compensation not recognizedAnnual report
「As ordinary profit before deduction of performance-linked compensation was ¥121.120 million against the fiscal year’s ordinary profit target of ¥300.000 million, representing an ordinary profit achievement rate of 40.37%, the company did not recognize any performance-linked share-based compensation.」
Although the performance-linked share-based compensation framework continues, the ordinary profit achievement rate was 40.37%, and no performance-linked share-based compensation was recognized for the fiscal year. - FY2022AdvancedAnnual report
「The target ordinary profit for the fiscal year was ¥150.000 million, while ordinary profit before deduction of performance-linked compensation was ¥286.125 million, representing an ordinary profit achievement rate of 190.75%. Since the trust’s average acquisition price for the company’s shares was ¥247.4120, the company recognized ¥21.432 million in performance-linked share-based compensation in accordance with the above calculation method.」
After revising the method for calculating performance-linked share-based compensation, the company recognized ¥21.432 million based on an ordinary profit achievement rate of 190.75%. The trust-held shares totaled 425 thousand. - FY2022-Q3AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 10 November 2021, the company acquired treasury shares in connection with an additional contribution to the Share Delivery Trust. As a result, treasury shares increased by ¥79.860 million during the cumulative third-quarter period, reaching ¥120.622 million at the end of the third-quarter accounting period.」
The company acquired treasury shares in connection with an additional contribution to the BBT plan, increasing treasury shares by ¥79.860 million. The additional contribution following the expansion of the plan has progressed to the implementation stage. - FY2022-Q2RestatedAnnual report
「Of the treasury shares, 125 thousand are the company’s shares held by the trust.」
The company discloses that Trust E holds 125 thousand shares as trust assets of the Share Delivery Trust (BBT). - FY2021RaisedAnnual report
「At the 40th Annual General Meeting of Shareholders held on 25 June 2021, the company increased the maximum additional contribution to this plan from ¥50 million, taking into account the number of shares required to be acquired under the plan following the enforcement of the Act Partially Amending the Companies Act (Act No. 70 of 2019, effective 1 March 2021), as well as the rise in the share price and other factors since the plan was introduced on 26 June 2014.」
For the Share Delivery Trust, the maximum additional contribution for each eligible period was increased from ¥50 million to ¥100 million. - FY2020RestatedAnnual report
「The company has introduced the performance-linked share-based compensation plan known as the Share Delivery Trust (BBT), under which points are granted based on performance achievement and other factors in accordance with the company’s Rules for Share-Based Compensation for Directors and Executive Officers, and shares equivalent to the points granted are delivered upon retirement.」
The company continues to operate the BBT plan and recognized ¥5.989 million in performance-linked share-based compensation for the fiscal year. - FY2018RestatedAnnual report
「The company has introduced the performance-linked share-based compensation plan known as the Share Delivery Trust (BBT), under which points are granted based on performance achievement and other factors in accordance with the company’s Rules for Share-Based Compensation for Directors and Executive Officers, and shares equivalent to the points granted are delivered upon retirement.」
The company continues to operate the BBT plan, under which points are granted based on performance achievement and shares are delivered upon retirement. Share-based compensation expense for the fiscal year was ¥5.324 million. - FY2017AdvancedAnnual report
「Other (disposal through the share delivery trust) for the fiscal year represents the delivery of treasury shares to the company’s retired directors under the Share Delivery Trust (BBT) plan.」
Under the BBT plan, 19,800 treasury shares worth ¥3.993 million were delivered to retired directors. The plan has progressed to the actual delivery stage. - FY2016First statedAnnual report
「Under this performance-linked share-based compensation plan, the company acquires its shares through a trust using funds contributed by the company and delivers those shares through the trust to the company’s directors in accordance with the company’s Rules for Share-Based Compensation for Directors and Executive Officers, based on performance achievement and other factors.」
The initial eligible period covered the 5 fiscal years from the fiscal year ended March 2015 through the fiscal year ended March 2019, with an acquisition funding limit of ¥50 million.