Introduction of a Performance-Linked Share-Based Compensation Plan (BBT)
First written in FY2020. 2 of 9 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2019: 1 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2027-H1Update on J-ESOP benefits paidAnnual report
「During the interim consolidated accounting period, 239,663 shares of the Company’s stock and ¥107,113 thousand in cash, equivalent to the fair value of the Company’s stock, were paid to employees and others who had acquired benefit entitlements.」
Under J-ESOP, 239,663 shares and ¥107.113 million in cash were paid to employees and others. - FY2025Update on Shares Held in TrustAnnual report
「The carrying amount and number of these treasury shares were ¥87.310 million and 110,800 shares, respectively, at the end of the current consolidated fiscal year. The carrying amount and number of these treasury shares were ¥499.700 million and 735,936 shares, respectively, at the end of the current consolidated fiscal year.」
The shares held in trust under BBT reached 110,800, while J-ESOP held 735,936 shares. Both schemes continue to be applied, and stock benefit obligations are also recorded. - FY2024-Q3Update on Shares Held in TrustAnnual report
「The company has introduced an officer stock benefit trust (BBT) and an employee stock benefit trust (J-ESOP). In calculating quarterly earnings per share, the company includes the shares held by these trusts among treasury shares deducted from the weighted-average number of shares outstanding during the period. The weighted-average number of such treasury shares deducted in calculating quarterly earnings per share was 123,200 shares for the first 3 quarters of the previous consolidated fiscal year and 851,233 shares for the first 3 quarters of the current consolidated fiscal year.」
The company continues to apply BBT and J-ESOP and has updated the weighted-average number of trust-held shares deducted in calculating earnings per share to 851,233 shares. - FY2024-Q2Update on Shares Held in TrustAnnual report
「The company has introduced an officer stock benefit trust (BBT) and an employee stock benefit trust (J-ESOP). In calculating quarterly earnings per share, the company includes the shares held by these trusts among treasury shares deducted from the weighted-average number of shares outstanding during the period. The weighted-average number of such treasury shares deducted in calculating quarterly earnings per share was 123,200 shares for the first 2 quarters of the previous consolidated fiscal year and 853,300 shares for the first 2 quarters of the current consolidated fiscal year.」
The company continues to apply BBT and J-ESOP and has updated the weighted-average number of trust-held shares deducted in calculating earnings per share to 853,300 shares. - FY2023-Q3Update to shares held by the BBT trustAnnual report
「The company has introduced a stock benefit trust (BBT). In calculating quarterly earnings per share, the company includes the shares held by the trust among treasury shares deducted from the weighted-average number of shares outstanding during the period. The weighted-average number of such treasury shares deducted in calculating quarterly earnings per share was 123,933 shares for the first 3 quarters of the previous consolidated fiscal year and 123,200 shares for the first 3 quarters of the current consolidated fiscal year.」
The company continues to apply the BBT already introduced and has updated the weighted-average number of trust-held shares deducted in calculating earnings per share to 123,200 shares. - FY2022-Q3RestatedAnnual report
「The company has introduced a stock benefit trust (BBT). In calculating quarterly (current-period) earnings per share, the company includes the shares held by the trust among treasury shares deducted from the weighted-average number of shares outstanding during the period.」
The company continues to apply BBT and deducts the trust-held shares’ weighted-average balance of 123,933 shares during the period when calculating earnings per share for the first 3 quarters. - FY2022-Q1RestatedAnnual report
「The company has introduced a stock-based benefit trust (BBT). In calculating quarterly (current-period) net income per share, shares of the company held by the trust are included in treasury shares deducted in the calculation of the weighted-average number of shares outstanding during the period.」
The company continues to apply BBT and deducts 125,400 shares held by the trust when calculating earnings per share for the first quarter. - FY2021-Q3AdvancedAnnual report
「The company introduced its stock benefit trust (BBT) beginning with the second quarter of the current consolidated fiscal year. In calculating quarterly (current-period) earnings per share, the company includes the shares held by the trust among treasury shares deducted from the weighted-average number of shares outstanding during the period.」
BBT was introduced beginning with the second quarter, and at the end of the third quarter the company recorded 125,400 shares held by the trust, with a carrying amount of ¥98 million. - FY2020First statedAnnual report
「The purpose of this scheme is to clarify the linkage between directors’ compensation and the company’s performance and shareholder value, and to increase directors’ 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 in the share price.」
Following a Board of Directors resolution on 22 May 2020 and shareholder approval on 26 June, the company will introduce BBT, scheduled to begin in August 2020. The initial covered period is from the fiscal year ending March 2021 through the fiscal year ending March 2023, with limits of ¥216 million for trust contributions, 241,800 shares acquired and 80,600 points awarded annually.