Performance-linked share compensation plan for directors and executive officers (BBT)
First written in FY2020-Q1. 13 of 27 entries say "Restated". Latest entry: 2026-11-12.
7 other companies' latest entry also says "Reframed".
- FY2026Failure to meet the operating income targetAnnual report
「The initial target for consolidated operating income for the current fiscal year was ¥1,750 million, compared with actual operating income of ¥1,600 million. The initial target for consolidated operating income for the following fiscal year was ¥1,900 million.」
For the BBT performance metric, actual operating income for the current fiscal year was ¥1,600 million against a target of ¥1,750 million. The target for the following fiscal year was set at ¥1,900 million. The plan itself continues. - FY2026-H1RestatedAnnual report
「The book value in the trust was ¥57.112 million in the previous consolidated fiscal year and ¥56.276 million during the current interim consolidated fiscal period, and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 129,800 in the previous consolidated fiscal year and 127,900 during the current interim consolidated fiscal period.」
The performance-linked share compensation plan (BBT) for directors and executive officers continued. Trust-held shares decreased from 129,800 to 127,900. - FY2025-H1RestatedAnnual report
「The book value in the trust of the Company’s shares held by the trust was ¥57.112 million in the previous consolidated fiscal year and ¥57.112 million during the current interim consolidated fiscal period, and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 129,800 in both periods.」
The performance-linked share compensation plan (BBT) for directors and executive officers continued, with 129,800 trust-held shares, unchanged from the end of the previous fiscal year. - FY2024AdvancedAnnual report
「The initial target for consolidated operating income for the current fiscal year was ¥1,300.000 million, compared with actual operating income of ¥1,352.247 million. The initial target for consolidated operating income for the following fiscal year was ¥1,500.000 million.」
For the BBT performance metric, actual operating income was ¥1,352.247 million against a target of ¥1,300 million, and the target for the following fiscal year was set at ¥1,500 million. - FY2024-Q3RestatedAnnual report
「The book value in the trust of the Company’s shares held by the trust was ¥57.816 million in the previous consolidated fiscal year and ¥57.112 million during the third quarter of the current consolidated fiscal year, and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 131,400 in the previous consolidated fiscal year and 129,800 during the third quarter of the current consolidated fiscal year. The average number of shares during the period was 131,400 for the cumulative third quarter of the previous consolidated fiscal year and 130,829 for the cumulative third quarter of the current consolidated fiscal year. These shares were included in treasury stock deducted in calculating per-share information.」
The BBT performance-linked share compensation plan continued. Trust-held shares decreased to 129,800 from 131,400 at the end of the previous fiscal year. - FY2024-Q2RestatedAnnual report
「The book value in the trust of the Company’s shares held by the trust was ¥57.816 million in the previous consolidated fiscal year and ¥57.112 million during the second quarter of the current consolidated fiscal year, and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 131,400 in the previous consolidated fiscal year and 129,800 during the second quarter of the current consolidated fiscal year.」
The BBT performance-linked share compensation plan continued, with 129,800 trust-held shares. - FY2023AdvancedAnnual report
「Under the Plan, the achievement rate against the initial target for consolidated operating income in each fiscal year is used as a metric linked to compensation and other benefits. The initial target for consolidated operating income for the current fiscal year was ¥1,150.000 million, compared with actual operating income of ¥1,394.600 million. The initial target for consolidated operating income for the following fiscal year was ¥1,300.000 million.」
For the BBT performance metric, actual operating income for the current fiscal year was ¥1,394.6 million against a target of ¥1,150 million. The target for the following fiscal year was set at ¥1,300 million. - FY2023-Q3RestatedAnnual report
「The book value in the trust of the Company’s shares held by the trust was ¥57.816 million in the previous consolidated fiscal year and ¥57.816 million during the third quarter of the current consolidated fiscal year, and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 131,400 in both periods. The average number of shares during the period was 132,143 for the cumulative third quarter of the previous consolidated fiscal year and 131,400 for the cumulative third quarter of the current consolidated fiscal year. These shares were included in treasury stock deducted in calculating per-share information.」
The BBT performance-linked share compensation plan continues. The trust holds 131,400 shares with a book value of ¥57.816 million, unchanged from the end of the previous consolidated fiscal year. - FY2022AdvancedAnnual report
「The initial target for consolidated operating income for the current fiscal year was ¥800.000 million, compared with actual operating income of ¥864.678 million. The initial target for consolidated operating income for the following fiscal year was ¥1,150.000 million.」
For the BBT performance metric, actual operating income for the current fiscal year of ¥864.678 million exceeded the initial target of ¥800.000 million. The target for the following fiscal year was set at ¥1,150.000 million. - FY2022-Q2RestatedAnnual report
「The book value in the trust of the Company’s shares held by the trust was ¥58.432 million in the previous consolidated fiscal year and ¥57.816 million during the second quarter of the current consolidated fiscal year, and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 132,800 in the previous consolidated fiscal year and 131,400 during the second quarter of the current consolidated fiscal year.」
The BBT performance-linked share compensation plan continued, with 131,400 trust-held shares and a book value of ¥57.816 million. - FY2022-Q1RestatedAnnual report
「The book value in the trust of the Company’s shares held by the trust was ¥58.432 million in the previous consolidated fiscal year and ¥58.432 million during the first quarter of the current consolidated fiscal year, and was recorded as treasury stock in shareholders’ equity.」
The BBT performance-linked share compensation plan continues. The trust holds 132,800 shares, with a book value of ¥58.432 million. - FY2021AdvancedAnnual report
「The initial target for consolidated operating income for the current fiscal year was ¥1,000.000 million, compared with actual operating income of ¥1,156.806 million. The initial target for consolidated operating income for the following fiscal year was ¥800.000 million.」
For the BBT performance metric, actual operating income for the current fiscal year was ¥1,156.806 million against a target of ¥1,000 million, exceeding the target. The target for the following fiscal year was set at ¥800 million. - FY2021-Q3RestatedAnnual report
「The book value in the trust of the Company’s shares held by the trust was ¥59.004 million in the previous consolidated fiscal year and ¥58.432 million during the third quarter of the current consolidated fiscal year, and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 134,100 in the previous consolidated fiscal year and 132,800 during the third quarter of the current consolidated fiscal year.」
The BBT performance-linked share compensation plan continued, with 132,800 trust-held shares and a book value of ¥58.432 million recorded. - FY2021-Q2RestatedAnnual report
「The book value in the trust of the Company’s shares held by the trust was ¥59.004 million in the previous consolidated fiscal year and ¥58.432 million during the second quarter of the current consolidated fiscal year, and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 134,100 in the previous consolidated fiscal year and 132,800 during the second quarter of the current consolidated fiscal year.」
The BBT performance-linked share compensation plan continued, with 132,800 trust-held shares and a book value of ¥58.432 million recorded. - FY2021-Q1RestatedAnnual report
「The book value in the trust of the Company’s shares held by the trust was ¥59.004 million in the previous consolidated fiscal year and ¥59.004 million during the first quarter of the current consolidated fiscal year, and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 134,100 in the previous consolidated fiscal year and 134,100 during the first quarter of the current consolidated fiscal year. The average number of shares during the period was 134,100 during the first quarter of the current consolidated fiscal year, and these shares were included in treasury stock deducted in calculating per-share information.」
The BBT performance-linked share compensation plan continued, with 134,100 trust-held shares and a book value of ¥59.004 million recorded. - FY2020AdvancedAnnual report
「The initial target for consolidated operating income for the current fiscal year (the 158th fiscal year) was ¥1,500.000 million, compared with actual operating income of ¥1,381.503 million. The initial target for consolidated operating income for the next fiscal year (the 159th fiscal year) was ¥1,000.000 million.」
The initial target achievement rate for consolidated operating income was specified as the performance metric for the BBT plan. The disclosed figures were a target of ¥1,500.000 million and actual operating income of ¥1,381.503 million for the current fiscal year, and a target of ¥1,000.000 million for the next fiscal year. Following establishment of the trust on 29 August 2019, the plan progressed to the operating stage, with 134,100 trust-held shares and a ¥5.316 million provision for stock benefits for directors and executive officers recorded. - FY2020-Q3RestatedAnnual report
「The book value in the trust of the Company’s shares held by the trust was ¥59.004 million during the third quarter of the current consolidated fiscal year and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 134,100.」
The BBT performance-linked share compensation plan continued, with 134,100 trust-held shares and a book value of ¥59.004 million recorded. - FY2020-Q2AdvancedAnnual report
「The contract for the trust was concluded and the trust was established on 29 August 2019, and no shares of the Company remained in the trust during the previous consolidated fiscal year. The book value in the trust of the Company’s shares held by the trust was ¥59.004 million during the second quarter of the current consolidated fiscal year and was recorded as treasury stock in shareholders’ equity. The number of such shares at the end of the period was 134,100.」
For the BBT performance-linked share compensation plan, the trust was established on 29 August 2019, and 134,100 trust-held shares with a book value of ¥59.004 million were recorded. The plan moved from the approval stage into implementation. - FY2020-Q1First statedAnnual report
「The Company introduced the performance-linked share compensation plan “Stock Benefit Trust (BBT (＝Board Benefit Trust))” (hereinafter, the “Plan”) pursuant to a resolution at the 157th Annual General Meeting of Shareholders held on 27 June 2019. The Plan is intended to clarify the linkage between compensation for the Company’s directors and executive officers and the Company’s performance and share value, and to further motivate them to improve medium- to long-term performance and carry out the strategy envisioned for their role, by having them share with shareholders not only the benefits of a rising share price but also the risk of a decline. The Plan applies to directors of the Group, excluding directors who are Audit and Supervisory Committee members and outside directors among the other directors, and to executive officers (collectively, the “Eligible Officers”).」
The BBT plan was introduced by resolution of the Annual General Meeting of Shareholders for directors and executive officers, linking compensation to performance and share value and having them share the risk of a decline in the share price with shareholders. The trust was scheduled to be established on 29 August 2019.