Introduction of the Performance-Linked Stock Compensation Plan “Stock Benefit Trust (BBT)”
First written in FY2018-Q3. 10 of 17 entries say "Restated". Latest entry: FY2024.
35 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Number of points granted = position points based on the position held on 1 July of the previous year × {performance factor based on the achievement rate for the consolidated net sales target in the medium- to long-term management plan during the evaluation period × 0.25 + performance factor based on the achievement rate for the EBITDA margin target in the medium- to long-term management plan during the evaluation period × 0.25 + performance factor based on the achievement rate for the consolidated non-semiconductor sales mix target in the medium- to long-term management plan during the evaluation period × 0.25 + performance factor based on the achievement rate for the ROE target in the medium- to long-term management plan during the evaluation period × 0.25}」
The performance-linked metrics for BBT were specified in detail as a system evaluating four metrics under the new medium- to long-term management plan, with each accounting for 25%: net sales, EBITDA margin, non-semiconductor sales mix and ROE. - FY2024-Q3RestatedAnnual report
「“Fully voting shares (other)” include 1,269,000 of the Company’s shares held by Custody Bank of Japan, Ltd. (Trust E Account) as trust assets of Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), representing 12,690 voting rights.」
The Company disclosed that 1,269,000 shares were held in the Trust E Account for BBT and confirmed the continued operation of the scheme. - FY2024-Q2RestatedAnnual report
「“Fully voting shares (other)” include 1,269,000 of the Company’s shares held by Custody Bank of Japan, Ltd. (Trust E Account) as trust assets of Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), representing 12,690 voting rights.」
The Company disclosed that 1,269,000 shares were held in the Trust E Account for BBT. The increase from 423,000 shares previously was due to the 1-for-3 stock split effective 1 July 2023. - FY2023-Q3Decrease in the number of shares held in the Trust E AccountAnnual report
「“Fully voting shares (other)” include 423,000 of the Company’s shares held by Custody Bank of Japan, Ltd. (Trust E Account) as trust assets of Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), representing 4,230 voting rights.」
The Company disclosed that 423,000 shares were held in the Trust E Account for BBT and J-ESOP. This was a decrease from the 549,100 shares disclosed previously. - FY2022-Q3AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 4 November 2021, the Company disposed of treasury shares through a third-party allotment to Custody Bank of Japan, Ltd. (Trust E Account) as trust assets of Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), as an additional trust arrangement for the performance-linked stock compensation scheme.」
For the additional trust arrangement to continue BBT and J-ESOP, the disposal of treasury shares through a third-party allotment was executed. The shares held in the Trust E Account were disclosed as 549,100 shares, representing 5,491 voting rights. - FY2022-Q2AdvancedAnnual report
「The Company has decided, in connection with the continuation of Stock Benefit Trust (BBT and J-ESOP), to make additional cash contributions to each trust so that Stock Benefit Trust (BBT and J-ESOP) can acquire the shares expected to be required for future benefits, and to dispose of treasury shares through a third-party allotment to the Trust E Accounts established with Custody Bank of Japan, Ltd. for the respective trusts, in order to hold and dispose of the Company’s shares in operating the schemes. The number of shares to be disposed of is the total of the number equivalent to the shares expected to be delivered to the Company’s directors during the trust period under the “Directors’ Stock Benefit Rules” (25,000 shares for 3 fiscal years) and the number equivalent to the shares expected to be delivered to the Company’s employees under the “Stock Benefit Rules” (215,000 shares for 6 fiscal years).」
To continue BBT and J-ESOP, the Company decided on additional contributions and the disposal of 240,000 treasury shares through a third-party allotment. The BBT portion consists of 25,000 shares for 3 fiscal years for directors. - FY2022-Q1RestatedAnnual report
「“Fully voting shares (other)” include 310,500 of the Company’s shares held by Custody Bank of Japan, Ltd. (Trust E Account) as trust assets of Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), representing 3,105 voting rights.」
With respect to BBT, the Company has disclosed the holding of 310,500 of its shares as trust assets and confirmed the continued operation of the scheme. - FY2021AdvancedAnnual report
「Number of points granted = position points based on the position held on 1 July of the previous year × {performance factor based on the achievement rate for the consolidated net sales target in the medium- to long-term management plan during the evaluation period × 0.33 + performance factor based on the achievement rate for the consolidated operating margin target in the medium- to long-term management plan during the evaluation period × 0.33 + performance factor based on the achievement rate for the new-business sales mix target in the medium- to long-term management plan during the evaluation period × 0.34}」
The calculation method for BBT was specified in detail, evaluating consolidated net sales, operating margin and new-business sales mix under the medium- to long-term management plan at 33%, 33% and 34%, respectively. - FY2021-Q3RestatedAnnual report
「Fully voting shares (other) include 310,500 of the Company’s shares held by Custody Bank of Japan, Ltd. (Trust E Account) as trust assets of Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), representing 3,105 voting rights.」
With respect to BBT, the Company has disclosed the holding of 310,500 of its shares as trust assets and confirmed the continued operation of the scheme. - FY2021-Q2RestatedAnnual report
「Fully voting shares (other) include 310,500 of the Company’s shares held by Custody Bank of Japan, Ltd. (Trust E Account) as trust assets of Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), representing 3,105 voting rights.」
With respect to BBT, the Company has disclosed the holding of 310,500 of its shares as trust assets and confirmed the continued operation of the scheme. - FY2021-Q1RestatedAnnual report
「Fully voting shares (other) include 311,200 of the Company’s shares held by Asset Management Service Trust Bank, Ltd. (Trust E Account) as trust assets of Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), representing 3,112 voting rights.」
The Company continues to disclose the operation of the BBT scheme and the holding of 311,200 of the Company’s shares as trust assets. - FY2020-Q3RestatedAnnual report
「The Company has introduced the performance-linked stock compensation scheme Stock Benefit Trust (BBT) and the performance-linked stock benefit scheme Stock Benefit Trust (J-ESOP). In calculating quarterly (year-to-date) net income per share, the Company’s shares remaining in the Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), which are recorded as treasury shares under shareholders’ equity, are included among the treasury shares deducted in calculating the weighted-average number of shares outstanding during the period.」
The continued operation of the BBT scheme has been reconfirmed together with its treatment in calculating quarterly net income. - FY2020-Q2RestatedAnnual report
「The company has introduced the performance-linked stock compensation plan Stock Benefit Trust (BBT) and the performance-linked stock benefit plan Stock Benefit Trust (J-ESOP). The company’s shares remaining in the Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), which are recorded as treasury shares in shareholders’ equity, are included in treasury shares deducted when calculating the weighted-average number of shares outstanding for the calculation of quarterly (current-period) net income per share.」
The continued operation of the BBT scheme has been reconfirmed together with its treatment in calculating quarterly net income. - FY2020-Q1RestatedAnnual report
「The company has introduced the performance-linked stock compensation plan Stock Benefit Trust (BBT) and the performance-linked stock benefit plan Stock Benefit Trust (J-ESOP). The company’s shares remaining in the Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), which are recorded as treasury shares in shareholders’ equity, are included in treasury shares deducted when calculating the weighted-average number of shares outstanding for the calculation of quarterly (current-period) net income per share.」
The continued operation of the BBT scheme has been reconfirmed together with its treatment in calculating quarterly net income. - FY2019-Q3RestatedAnnual report
「The company has introduced the performance-linked stock compensation plan Stock Benefit Trust (BBT) and the performance-linked stock benefit plan Stock Benefit Trust (J-ESOP). The company’s shares remaining in the Stock Benefit Trust (BBT) and Stock Benefit Trust (J-ESOP), which are recorded as treasury shares in shareholders’ equity, are included in treasury shares deducted when calculating the weighted-average number of shares outstanding for the calculation of quarterly (current-period) net income per share.」
The continued operation of the BBT scheme has been reconfirmed together with its accounting treatment. - FY2018AdvancedAnnual report
「Using funds contributed by the company, the trust acquired 33,200 shares by subscribing to the disposal of the company’s treasury shares.」
Following the introduction of BBT, the company acquired shares and moved to the operational stage of the performance- and share-value-linked compensation plan. - FY2018-Q3First statedAnnual report
「Based on resolutions adopted at the 65th Annual General Meeting of Shareholders and the Board of Directors meeting held on 23 June 2017, the company introduced the performance-linked stock compensation plan “Stock Benefit Trust (BBT)” to clarify the link between compensation for directors, excluding outside directors, and the company’s performance and share value, and to raise awareness of contributing to improved medium- to long-term performance and increased corporate value. The company awards points to directors based on factors including their position and achievement of performance targets, and provides company shares or other assets equivalent to the points awarded when the director acquires the right to receive benefits under certain conditions set out in the officer stock benefit rules. In principle, directors receive the shares or other assets when they retire from office.」
The company introduced a system linking directors’ compensation to performance and share value, with the aim of increasing awareness of improving medium- to long-term performance and increasing corporate value. Points are awarded based on position and achievement of performance targets, and shares or other assets are generally provided when the director retires from office.