Introduction of the Board Benefit Trust (BBT)
First written in FY2017. 6 of 15 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2027-H1.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2027-H1612,200 trust-held sharesAnnual report
「The 612,200 shares of the Company's stock held in trust as trust assets for the "Stock Benefit Trust (BBT)" and "Stock Benefit Trust (J-ESOP)" are included, representing 6,122 voting rights.」
The shares held as trust assets for BBT and J-ESOP totaled 612,200 shares, representing 6,122 voting rights. This was a decrease from the 709,700 shares disclosed previously. - FY2025-H1709,700 treasury shares held in trustAnnual report
「The total includes 709,700 Company shares held by the trust as trust assets for the Board Benefit Trust (BBT) and J-ESOP, representing 7,097 voting rights.」
The shares held by the trust as trust assets for the BBT and J-ESOP totaled 709,700, with 7,097 voting rights. This was down from the 751,400 shares disclosed in FY2025-Q1. - FY2025-Q1751,400 shares held in trustAnnual report
「The total includes 751,400 Company shares held by the trust as trust assets for the Board Benefit Trust (BBT) and J-ESOP, representing 7,514 voting rights.」
The shares held by the trust as trust assets for the BBT and J-ESOP comprised 751,400 Company shares and 7,514 voting rights, as disclosed. - FY2024AdvancedAnnual report
「In connection with the launch of the medium-term management plan "Realize 25," the method for calculating the amount of share-based compensation and other items was changed pursuant to a resolution of the Board of Directors dated 24 May 2023.」
The BBT evaluation criteria were changed in line with Realize 25, with operating profit weighted at 60%, operating margin at 20%, TSR at 10% and CO2 reductions at 10%. - FY2024-Q3AdvancedAnnual report
「During the nine-month period ended the third quarter of the current consolidated fiscal year, treasury shares increased by 115,000 through the acquisition of the Company's shares under the Board Benefit Trust and decreased by 34,000 through distributions.」
For the operation of the Board Benefit Trust (BBT) and J-ESOP, the Company disclosed that 115,000 shares were acquired by the trust and 34,000 shares were distributed during the cumulative period of the quarter. - FY2022AdvancedAnnual report
「Fiscal 2021 ¥42,000 million or more ¥52,800 million ¥61,000 million or more」
Under the Challenge 25 Plus share-based compensation evaluation, actual operating profit for fiscal 2021 reached ¥52,800 million against the target of ¥42,000 million or more, and the target for fiscal 2022 was set at ¥61,000 million or more. ROIC, operating margin, TSR and CO2 reductions were also incorporated as evaluation metrics. - FY2021ReframedAnnual report
「In connection with the revision of the medium-term management plan to "Challenge25 Plus," the method for calculating the amount of share-based compensation and other items was changed pursuant to a resolution of the Board of Directors dated 9 April 2021.」
In connection with the extension of the plan to Challenge 25 Plus, the BBT evaluation criteria were restructured from cumulative evaluation over the previous plan period to annual operating profit, operating margin, ROIC, TSR and CO2 reductions for fiscal 2021 and fiscal 2022. - FY2020AdvancedAnnual report
「Based on resolutions at the 101st Annual General Meeting of Shareholders held on 15 June 2017 and the 103rd Annual General Meeting of Shareholders held on 28 May 2019, the Company introduced the Board Benefit Trust (BBT) share-based compensation plan for the Company's directors, excluding Audit and Supervisory Committee members, directors who are Audit and Supervisory Committee members, and executive officers.」
Following the resolution at the May 2019 Annual General Meeting of Shareholders, the share-based compensation plan for directors was changed, incorporating cumulative operating profit under Challenge 25, final-year performance, ROIC, TSR and CO2 reductions as evaluation metrics. - FY2020-Q3AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥548 million and 184,000 shares, respectively, as of the end of the previous consolidated fiscal year, and ¥1,570 million and 434,000 shares, respectively, as of the end of the third quarter of the current consolidated fiscal year.」
Under the BBT, shares held in trust increased from 184,000 to 434,000 and the carrying amount increased from ¥548 million to ¥1,570 million, disclosing an expansion of the plan's operation following the resolution at the May 2019 Annual General Meeting of Shareholders. - FY2020-Q2RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥548 million and 184,000 shares, respectively, as of the end of the previous consolidated fiscal year, and ¥514 million and 173,000 shares, respectively, as of the end of the second quarter of the current consolidated fiscal year.」
Operation of the Board Benefit Trust (BBT) continued, with 173,000 shares held in trust and a carrying amount of ¥514 million as of the end of the second quarter. - FY2019RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥549 million and 185,000 shares, respectively, as of the end of the previous consolidated fiscal year, and ¥548 million and 184,000 shares, respectively, as of the end of the current consolidated fiscal year.」
Operation of the BBT continued, with 184,000 shares held in trust and a carrying amount of ¥548 million as of the end of the fiscal year. - FY2019-Q2RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥549 million and 185,000 shares, respectively, as of the end of the previous consolidated fiscal year, and ¥548 million and 184,000 shares, respectively, as of the end of the second quarter of the current consolidated fiscal year.」
Operation of the BBT continued, with 184,000 shares held in trust and a carrying amount of ¥548 million as of the end of the second quarter. - FY2019-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥549 million and 185,000 shares, respectively, as of the end of the previous consolidated fiscal year, and ¥549 million and 185,000 shares, respectively, as of the end of the first quarter of the current consolidated fiscal year.」
Operation of the BBT continued, with 185,000 shares held in trust and a carrying amount of ¥549 million as of the end of the first quarter. - FY2018-Q3AdvancedAnnual report
「Based on a resolution at the 101st Annual General Meeting of Shareholders held on 15 June 2017, the Company introduced a new share-based compensation plan, the Board Benefit Trust (BBT), for the Company's directors and executive officers (collectively, the "Company's officers and other relevant persons").」
The BBT entered the operational phase following its introduction, and as of the end of the second quarter, 185,200 shares held in trust and a carrying amount of ¥549 million were recorded. - FY2017First statedAnnual report
「We will introduce share-based compensation for directors and other officers linked to the degree of achievement of the targets in the medium-term management plan, which serves as an indicator of the Company's performance, and share-based compensation for Audit and Supervisory Committee members that is not linked to the Company's performance.」
Share-based compensation for directors and other officers linked to the degree of achievement of the medium-term management plan targets, and performance-independent share-based compensation for Audit and Supervisory Committee members, were introduced. The initial target period was from the 102nd fiscal year through the 103rd fiscal year, the contribution limit was ¥550 million, and the maximum number of shares to be acquired was 345,000.