Transition to stock-based compensation for directors through a stock benefit trust
First written in FY2018. 17 of 23 entries say "Restated". Latest entry: FY2025-H1.
20 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the interim consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2024AdvancedAnnual report
「The increase of 123,124 shares in treasury common stock consisted of the purchase of 124 odd-lot shares and the acquisition of 123,000 shares through the Stock Benefit Trust.」
Acquisitions through the Stock Benefit Trust progressed, bringing the shares held in the trust's E account to 157,300. Operation of the system linked to the performance targets in the medium-term management plan is continuing. - FY2024-Q3RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. The trust's E account is stated to hold 65,400 shares. - FY2024-Q1RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2023RaisedAnnual report
「The current covered period and, in principle, each subsequent period of 5 fiscal years are referred to as a "covered period." ... An amount of up to ¥240 million (of which ¥200 million is for directors) will be contributed to the trust ... The maximum number of points to be granted is 38,400 points per fiscal year ...」
The Stock Benefit Trust was revised, with the contribution limit set at ¥240 million for each 5-fiscal-year period and the annual point limit set at 38,400 points, incorporating linkage to the performance targets in the medium-term management plan. - FY2023-Q3RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2023-Q2RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2023-Q1RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2022-Q3RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2022-Q2RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2022-Q1RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2021SoftenedAnnual report
「At the 96th Annual General Meeting of Shareholders held on 29 June 2021, it was resolved to reset the upper limit on the number of shares (points) under the stock-based compensation plan for directors, excluding directors who are Audit & Supervisory Committee members and outside directors, and to change the maximum amount of money to be contributed by the company to the trust every 5 fiscal years from ¥100 million to ¥82.5 million.」
The reduction in the maximum cash contribution to the Stock Benefit Trust from ¥100 million to ¥82.5 million was approved, while a new upper limit was also set for the number of points. - FY2021-Q3RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2021-Q2RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2021-Q1RestatedAnnual report
「We have introduced the Stock Benefit Trust (BBT), and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2020-Q3RestatedAnnual report
「We introduced the Stock Benefit Trust (BBT) from the cumulative second-quarter period of the 94th fiscal year, and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2020-Q2RestatedAnnual report
「We introduced the Stock Benefit Trust (BBT) from the cumulative second-quarter period of the 94th fiscal year, and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT), and the accounting treatment of shares held by the trust as treasury stock, are continuing. - FY2020-Q1RestatedAnnual report
「We introduced the Stock Benefit Trust (BBT) from the cumulative second-quarter period of the 94th fiscal year, and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated (consolidated) financial statements.」
The introduction and operation of the Stock Benefit Trust (BBT) continue to be disclosed, with shares held by the trust treated as treasury stock. - FY2019RestatedAnnual report
「At the end of the current consolidated fiscal year, the carrying value and number of these treasury shares were ¥119.680 million and 64,800 shares, respectively.」
The introduction and operation of the Stock Benefit Trust (BBT), as well as the shares held by the trust, were disclosed for the full fiscal year. - FY2019-Q3RestatedAnnual report
「At the end of the current third-quarter consolidated accounting period, the carrying value and number of these treasury shares were ¥119.680 million and 64,800 shares, respectively.」
For the Stock Benefit Trust (BBT), introduced from the second quarter, the carrying value and number of the company's shares remaining in the trust were disclosed. - FY2019-Q2AchievedAnnual report
「We introduced the Stock Benefit Trust (BBT) from the current second-quarter consolidated accounting period, and the company's shares held by the trust are recorded as treasury stock in the quarterly consolidated financial statements.」
The Stock Benefit Trust (BBT) was introduced from the second quarter, with 26,500 shares held by the trust and a carrying value of ¥47.317 million recorded. - FY2019-Q1AdvancedAnnual report
「At the 93rd Annual General Meeting of Shareholders held on 28 June 2018, a proposal for lump-sum payments associated with the abolition of the retirement bonus system for directors and audit & supervisory board members was approved, and the system was abolished. Accordingly, the provision for directors' and audit & supervisory board members' retirement bonuses was reversed, and the unpaid portion of the lump-sum payments, amounting to ¥76.868 million, is presented under "Other" in non-current liabilities.」
The abolition of the executive retirement bonus system was approved at the shareholders' meeting, followed by the reversal of the provision and presentation of the unpaid portion of the lump-sum payments, amounting to ¥76.868 million. The quarterly report contains no specific disclosure regarding the start of operations of the stock benefit trust itself. - FY2018First statedAnnual report
「We reviewed our executive compensation system, abolished the retirement bonus system, and decided to introduce the Stock Benefit Trust (BBT, or Board Benefit Trust) stock-based compensation system as its replacement. The proposal was approved at the relevant shareholders' meeting.」
The abolition of the retirement bonus system and the introduction of a stock benefit trust linked to the share price were approved. The covered period is 5 fiscal years, and the contribution limit is ¥120 million.