Introduction of the performance-linked stock compensation plan (BBT)
First written in FY2017-Q2. 26 of 32 entries say "Restated". Latest entry: FY2026.
43 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The total points granted to directors and other eligible recipients are capped at 2.04 million points per 5 business years, including 990 thousand points for directors.」
For BBT-RS, the Company set the points cap at 2.04 million points per 5 business years and specified the operation of a plan providing benefits divided between RS and PSU. In May 2025, the Company made an additional contribution of ¥1,000 million and acquired 500,800 shares. - 2026-05-22RestatedGeneral Meetings of Shareholders
「We have established a stock delivery trust (BBT-RS) for directors, excluding outside directors and directors who are Audit and Supervisory Committee members, collectively referred to below as “executive directors,” and executive officers.」
The eligible participants and accounting treatment for the continued operation of BBT-RS were described again. - FY2026-H1RestatedAnnual report
「The trust assets of the Stock Benefit Trust (BBT-RS (Board Benefit Trust-Restricted Stock)) include 407,200 shares of the Company's stock, representing 4,072 voting rights, owned by Custody Bank of Japan, Ltd. (Trust E Account).」
For BBT-RS, the Company disclosed the shares held as trust assets and the number of voting rights, confirming that the plan remains in operation. - FY2025AdvancedAnnual report
「In addition, the current BBT plan will be amended into and continued as this plan for the 5 business years from the fiscal year ending March 2025 through the fiscal year ending March 2029, referred to as the "initial BBT-RS eligible period," and for each subsequent 5-business-year period beginning after the initial BBT-RS eligible period. The initial BBT-RS eligible period and these subsequent periods are collectively referred to as the "eligible periods."」
Following the amendment from BBT to BBT-RS, the plan entered the phase of operating for the 5 business years from the fiscal year ending March 2025 through the fiscal year ending March 2029. An additional contribution of ¥1,000 million was made and 500,800 shares were acquired in May 2025. - FY2024ReframedAnnual report
「At the 12th Annual General Meeting of Shareholders scheduled for 25 June 2024, the Company decided to partially amend the BBT plan and convert it into the performance-linked stock compensation plan called the Stock Benefit Trust (BBT-RS (Board Benefit Trust-Restricted Stock)), so that it could be operated as a more effective medium- to long-term incentive.」
A proposal was scheduled to amend the existing BBT into BBT-RS, redesigning the plan to provide for annual stock benefits, cash benefits upon retirement, transfer-restriction agreements, and 680 thousand points per 5 business years, including 330 thousand points for directors. - FY2024-Q3RestatedAnnual report
「The shares of the Company owned by the Trust are presented as treasury stock under net assets on the consolidated balance sheet. The carrying amount and number of shares of this treasury stock were ¥1,038 million and 316 thousand shares, respectively, in the previous consolidated fiscal year, and ¥988 million and 303 thousand shares, respectively, in the current third-quarter consolidated accounting period.」
The BBT arrangement continued to cover directors and executive officers, with benefits generally paid once every 3 consolidated fiscal years or upon retirement based on position, performance achievement and other factors. The shares held by the trust totaled 303 thousand. - FY2024-Q2RestatedAnnual report
「The Company adopted a structure called the Stock Benefit Trust (BBT (Board Benefit Trust), the "Trust"). Under this performance-linked stock compensation plan, the Company's shares are acquired through the Trust using funds contributed by the Company, and the Trust provides the Company's directors and executive officers, excluding directors serving as Audit and Supervisory Committee members and outside directors, with the Company's shares and cash equivalent to the market value of those shares, collectively referred to as the "Company Shares, etc.," based on position, performance achievement and other factors. In principle, the Company's directors and executive officers receive the Company Shares, etc. once every 3 consolidated fiscal years or upon retirement.」
The BBT arrangement continued, including coverage of eligible recipients, benefits based on position and performance achievement, and payment generally once every 3 consolidated fiscal years or upon retirement. The shares held by the trust totaled 303 thousand. - FY2023-Q3RestatedAnnual report
「The Company adopted a structure called the Stock Benefit Trust (BBT (Board Benefit Trust), the "Trust"). Under this performance-linked stock compensation plan, the Company's shares are acquired through the Trust using funds contributed by the Company, and the Trust provides the Company's directors and executive officers, excluding directors serving as Audit and Supervisory Committee members and outside directors, with the Company's shares and cash equivalent to the market value of those shares, collectively referred to as the "Company Shares, etc.," based on position, performance achievement and other factors. In principle, the Company's directors and executive officers receive the Company Shares, etc. upon retirement or once every 3 consolidated fiscal years.」
The BBT arrangement continued to cover directors and executive officers, with benefits paid based on position, performance achievement and other factors upon retirement or once every 3 consolidated fiscal years. The trust held 316,300 shares, with a carrying amount of ¥1,038 million. - FY2023-Q2RestatedAnnual report
「The Company adopted a structure called the Stock Benefit Trust (BBT (Board Benefit Trust), the "Trust"). Under this performance-linked stock compensation plan, the Company's shares are acquired through the Trust using funds contributed by the Company, and the Trust provides the Company's directors and executive officers, excluding directors serving as Audit and Supervisory Committee members and outside directors, with the Company's shares and cash equivalent to the market value of those shares, collectively referred to as the "Company Shares, etc.," based on position, performance achievement and other factors. The carrying amount and number of shares of the treasury stock were ¥54 million and 67 thousand shares, respectively, in the previous consolidated fiscal year, and ¥1,038 million and 316 thousand shares, respectively, in the current second-quarter consolidated accounting period.」
The BBT arrangement continued to cover directors and executive officers, with benefits paid based on position, performance achievement and other factors upon retirement or once every 3 consolidated fiscal years. The shares held by the trust totaled 316 thousand. - FY2023-Q1RestatedAnnual report
「The carrying amount and number of shares of the treasury stock were ¥54 million and 67 thousand shares, respectively, in the previous consolidated fiscal year, and ¥1,053 million and 320 thousand shares, respectively, in the current first-quarter consolidated accounting period.」
The BBT continued to cover directors and executive officers, with benefits generally paid upon retirement or once every 3 consolidated fiscal years. The shares held by the trust totaled 320 thousand. - FY2022AdvancedAnnual report
「Based on this, the Company made an additional contribution of ¥1,000 million on 17 May 2022 and acquired an additional 252,900 shares against the 67,100 shares held by the Trust as of the end of March 2022. As of the end of May 2022, the Trust held 320,000 shares.」
For the BBT, the Company contributed ¥1,000 million to an additional trust for the applicable period and acquired an additional 252,900 shares. - FY2022-Q3RestatedAnnual report
「The Company adopted a structure called the Stock Benefit Trust (BBT (Board Benefit Trust), the "Trust"). Under this performance-linked stock compensation plan, the Company's shares are acquired through the Trust using funds contributed by the Company, and the Trust provides the Company's directors and executive officers, excluding directors serving as Audit and Supervisory Committee members and outside directors, with the Company's shares and cash equivalent to the market value of those shares, collectively referred to as the "Company Shares, etc.," based on position, performance achievement and other factors. In principle, the Company's directors and executive officers receive the Company Shares, etc. upon retirement or once every 3 consolidated fiscal years.」
The arrangement continued, covering directors and executive officers, with benefits generally paid upon retirement or once every 3 consolidated fiscal years based on position, performance achievement and other factors. The trust held 67 thousand shares remaining, with a carrying amount of ¥54 million. - FY2022-Q2RestatedAnnual report
「Under this performance-linked stock compensation plan, the Company's shares are acquired through the Trust using funds contributed by the Company, and the Trust provides the Company's directors and executive officers, excluding directors serving as Audit and Supervisory Committee members and outside directors, with the Company's shares and cash equivalent to the market value of those shares, collectively referred to as the "Company Shares, etc.," based on position, performance achievement and other factors. In principle, the Company's directors and executive officers receive the Company Shares, etc. upon retirement or once every 3 consolidated fiscal years.」
The BBT arrangement continued, covering directors and executive officers, with benefits generally paid upon retirement or once every 3 consolidated fiscal years based on position, performance achievement and other factors. The trust held 67 thousand shares remaining, with a carrying amount of ¥54 million. - FY2022-Q1RestatedAnnual report
「The Company adopted a structure called the Stock Benefit Trust (BBT (Board Benefit Trust), the "Trust"). Under this performance-linked stock compensation plan, the Company's shares are acquired through the Trust using funds contributed by the Company, and the Trust provides the Company's directors and executive officers, excluding directors serving as Audit and Supervisory Committee members and outside directors, with the Company's shares and cash equivalent to the market value of those shares, collectively referred to as the "Company Shares, etc.," based on position, performance achievement and other factors. In principle, the Company's directors and executive officers receive the Company Shares, etc. upon retirement or once every 3 consolidated fiscal years.」
The BBT arrangement was disclosed as covering directors and executive officers, with benefits generally paid upon retirement or once every 3 consolidated fiscal years based on position, performance achievement and other factors. - FY2021RaisedAnnual report
「At the 9th Annual General Meeting of Shareholders held on 18 June 2021, the Company partially amended the plan by aligning its eligible period with the implementation period of the medium-term management plan, with the aim of increasing incentives to achieve the plan and further promoting the sharing of stock price-linked benefits and risks with shareholders by allowing participants to receive and hold shares while in office. Executive officers were also added to the plan's eligible recipients from July 2021.」
The BBT was amended to align its eligible period with the implementation period of the medium-term management plan and to allow benefits to be paid while participants remained in office. Executive officers were also added as eligible recipients. The points awarded to directors and other eligible recipients were capped at 261 thousand points per 3 business years. - FY2021-Q3RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and the trust provides the Company's directors and senior executive officers with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors. In principle, the Company's directors and senior executive officers receive these benefits upon retirement.」
The BBT arrangement continued, covering eligible recipients, benefits based on position and performance achievement, and payment generally upon retirement. The trust held 77 thousand shares remaining, with a carrying amount of ¥62 million. - FY2021-Q2RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and the trust provides the Company's directors and senior executive officers with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors. In principle, the Company's directors and senior executive officers receive these benefits upon retirement.」
The BBT arrangement continued, covering directors and senior executive officers, with benefits generally paid upon retirement based on position, performance achievement and other factors. The trust held 92 thousand shares remaining, with a carrying amount of ¥74 million. - FY2021-Q1RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and the trust provides the Company's directors and senior executive officers with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors. In principle, the Company's directors and senior executive officers receive these benefits upon retirement.」
The BBT arrangement continued, covering directors and senior executive officers, with benefits generally paid upon retirement based on position, performance achievement and other factors. The trust held 105 thousand shares remaining. - FY2020RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and the trust provides the Company's directors and senior executive officers with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors.」
The BBT arrangement continued, covering directors and senior executive officers, with benefits generally paid upon retirement based on position, performance achievement and other factors. Targets and actual results for FY2020 performance-linked compensation metrics were also disclosed. - FY2020-Q3RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and the trust provides the Company's directors and senior executive officers with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors.」
The BBT structure continued to apply to directors and senior executive officers, with benefits provided based on position and degree of performance achievement, among other factors, generally upon retirement. The trust held 105 thousand shares remaining, with a carrying amount of ¥85 million. - FY2020-Q2RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and the trust provides the Company's directors and senior executive officers with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors. In principle, the Company's directors and senior executive officers receive these benefits upon retirement.」
The BBT structure continued to apply to directors and senior executive officers, with benefits provided based on position and degree of performance achievement, among other factors, generally upon retirement. The trust held 105 thousand shares remaining, with a carrying amount of ¥85 million. - FY2020-Q1RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and, in accordance with the officers' stock benefit rules established by the Board of Directors, the trust provides the Company's directors with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors. This is a performance-linked stock compensation plan.」
The structure of the BBT plan, the provision of benefits based on position and degree of performance achievement, among other factors, and the principle that benefits are provided upon retirement continued. The trust held 132 thousand shares remaining, with a carrying amount of ¥106 million. - FY2019RestatedAnnual report
「For the fiscal year, the targets for the indicators used for performance-linked compensation were consolidated net sales of ¥65,500 million, consolidated operating profit of ¥8,000 million and ROE of 13%. Actual results were consolidated net sales of ¥60,580 million, consolidated operating profit of ¥3,724 million and ROE of 8%.」
The structure of performance-linked compensation, including BBT, continued, and the use of consolidated net sales, operating profit and ROE as performance indicators, together with the targets and actual results for the fiscal year, was disclosed. - FY2019-Q3RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and, in accordance with the officers' stock benefit rules established by the Board of Directors, the trust provides the Company's directors with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors. In principle, the Company's directors receive these benefits upon retirement from their directorships.」
The structure of the BBT plan, the provision of benefits based on position and degree of performance achievement, among other factors, and the principle that benefits are provided upon retirement continued to be disclosed. The trust held 132 thousand shares remaining, with a carrying amount of ¥106 million. - FY2019-Q2RestatedAnnual report
「This is a performance-linked stock compensation plan under which the Company's shares are acquired through the trust using funds contributed by the Company, and the trust provides the Company's directors with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors, in accordance with the officers' stock benefit rules established by the Board of Directors. In principle, the Company's directors receive these benefits upon retirement from their directorships.」
The structure of the BBT plan, the provision of benefits based on position and degree of performance achievement, among other factors, and the principle that benefits are provided upon retirement continued to be disclosed. The trust held 132 thousand shares remaining. - FY2019-Q1RestatedAnnual report
「This is a performance-linked stock compensation plan under which the Company's shares are acquired through the trust using funds contributed by the Company, and the trust provides the Company's directors with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors, in accordance with the officers' stock benefit rules established by the Board of Directors. In principle, the Company's directors receive these benefits upon retirement from their directorships.」
The structure of the BBT plan, the provision of benefits based on position and degree of performance achievement, among other factors, and the principle that benefits are provided upon retirement continued to be disclosed. The trust held 132 thousand shares remaining. - FY2018RestatedAnnual report
「The total number of points granted to directors per fiscal year is capped at 45 thousand points.」
The BBT structure continued to be disclosed, including specific details such as the annual cap on points granted to directors, the initial three-fiscal-year covered period and the provision of benefits upon retirement. - FY2018-Q3RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and, in accordance with the officers' stock benefit rules established by the Board of Directors, the trust provides the Company's directors with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors. In principle, the Company's directors receive these benefits upon retirement from their directorships.」
The structure of the BBT plan, the provision of benefits based on position and degree of performance achievement, among other factors, and the principle that benefits are provided upon retirement continued to be disclosed. The trust held 132 thousand shares remaining. - FY2018-Q2RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and, in accordance with the officers' stock benefit rules established by the Board of Directors, the trust provides the Company's directors with Company shares and cash equivalent to the market value of those shares, collectively referred to as Company shares and other benefits, based on their positions and degree of performance achievement, among other factors. In principle, the Company's directors receive these benefits upon retirement from their directorships.」
The structure of the BBT plan, the provision of benefits based on position and degree of performance achievement, among other factors, and the principle that benefits are provided upon retirement continued to be disclosed. The trust held 132 thousand shares remaining. - FY2018-Q1RestatedAnnual report
「The plan adopts a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Under the plan, the Company's shares are acquired through the trust using funds contributed by the Company, and, in accordance with the officers' stock benefit rules established by the Board of Directors, the trust provides the Company's directors with Company shares and cash equivalent to the market value of those shares based on their positions and degree of performance achievement, among other factors. This is a performance-linked stock compensation plan.」
The structure of the BBT plan and the provision of benefits based on directors' positions and degree of performance achievement, among other factors, continued to be disclosed. The trust held 132 thousand shares remaining, with a carrying amount of ¥106 million. - FY2017-Q3RestatedAnnual report
「Based on the resolution at the 4th annual general meeting of shareholders held on 23 June 2016, the Company decided to introduce a performance-linked stock compensation plan for its directors, excluding outside directors, to clarify the link between directors' compensation and the Company's performance and share value. By having directors share with shareholders not only the benefits of a rise in the share price but also the risk of a decline, the plan is intended to strengthen their awareness of contributing to sustained improvements in performance and increases in corporate value over the medium to long term.」
The purpose and structure of the BBT plan continued to be disclosed. The trust held 132 thousand shares remaining, with a carrying amount of ¥106 million. - FY2017-Q2First statedAnnual report
「Based on a resolution at the fourth annual general meeting of shareholders held on 23 June 2016, the Company introduced a performance-linked share compensation plan to clarify the link between directors’ compensation and the Company’s performance and share value. The plan is intended to encourage directors to share with shareholders not only the benefits of a rising share price but also the risks of a declining share price, thereby strengthening their commitment to sustained performance improvement and increased corporate value over the medium to long term. The plan uses a structure known as the Stock Benefit Trust (BBT, or Board Benefit Trust). Funded by money contributed by the Company, the trust acquires Company shares and distributes Company shares or cash equivalent to the fair value of those shares to directors, based on their positions and level of performance achievement in accordance with the directors’ share benefit rules established by the Board of Directors.」
A plan linking director compensation to business performance and share value was introduced pursuant to the resolution of the annual general meeting of shareholders held on 23 June 2016. The trust held 132 thousand shares with a carrying amount of ¥106 million.