Abolishing the executive retirement bonus system and introducing the stock benefit trust BBT
First written in FY2020. 6 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Shares held by the BBT trust decreased as benefits were paid.Annual report
「The carrying amount and number of these treasury shares were ¥213 million and 443,900 shares, respectively, at the end of the previous consolidated fiscal year, and ¥159 million and 331,800 shares, respectively, at the end of the current consolidated fiscal year.」
The BBT trust's holdings decreased from 443,900 shares to 331,800 shares as benefits were provided to directors, while their carrying amount decreased from ¥213 million to ¥159 million. - FY2026-H1Decrease in the number of shares held by the BBT trustAnnual report
「The common shares under "Fully voting shares (Other)" include 331,800 shares (3,318 voting rights) owned by The Japan Custody Bank, Ltd. (Trust Account E) in connection with the Stock Benefit Trust (BBT) scheme.」
The BBT trust's holdings decreased from 443,900 shares at the end of the previous fiscal year to 331,800 shares. - FY2024AdvancedAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental costs. The carrying amount and number of these treasury shares were ¥103 million and 247,400 shares, respectively, at the end of the previous consolidated fiscal year, and ¥213 million and 443,900 shares, respectively, at the end of the current consolidated fiscal year.」
The BBT trust's holdings increased from 247,400 shares to 443,900 shares, while their carrying amount increased from ¥103 million to ¥213 million. The balance related to the scheme's implementation is expanding. - FY2024-Q2RestatedAnnual report
「The common shares under "Fully voting shares (Other)" include 247,400 shares (2,474 voting rights) owned by The Japan Custody Bank, Ltd. (Trust Account E) in connection with the Stock Benefit Trust (BBT) scheme.」
The treatment of the 247,400 shares held by the BBT trust continues to be disclosed. - FY2024-Q1RestatedAnnual report
「The common shares under "Fully voting shares (Other)" include 247,400 Company shares (2,474 voting rights) owned by The Japan Custody Bank, Ltd. (Trust Account E) in connection with the Stock Benefit Trust (BBT) scheme.」
The treatment of the 247,400 shares held by the BBT trust continues to be disclosed. - FY2023-Q3Decrease in the number of shares held by the BBT trustAnnual report
「The common shares under "Fully voting shares (Other)" include 247,400 shares (2,474 voting rights) owned by The Japan Custody Bank, Ltd. (Trust Account E) in connection with the Stock Benefit Trust (BBT) scheme.」
The BBT trust's holdings decreased from the previous 261,800 shares to 247,400 shares. - FY2023-Q2Decrease in the number of shares held by the BBT trustAnnual report
「The common shares under "Fully voting shares (Other)" include 247,400 shares (2,474 voting rights) owned by The Japan Custody Bank, Ltd. (Trust Account E) in connection with the Stock Benefit Trust (BBT) scheme.」
The BBT trust's holdings decreased from the previous 261,800 shares to 247,400 shares. The 8,000 treasury shares do not include the shares held by the BBT trust. - FY2023-Q1RestatedAnnual report
「The common shares under "Fully voting shares (Other)" include 261,800 Company shares (2,618 voting rights) owned by The Japan Custody Bank, Ltd. (Trust Account E) in connection with the Stock Benefit Trust (BBT) scheme.」
The treatment of the 261,800 shares held by the BBT trust continues to be disclosed. - FY2022RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥109 million and 261,800 shares, respectively, at the end of the previous consolidated fiscal year, and ¥109 million and 261,800 shares, respectively, at the end of the current consolidated fiscal year.」
The BBT trust's holdings remain unchanged from the previous fiscal year at 261,800 shares with a carrying amount of ¥109 million. - FY2022-Q3RestatedAnnual report
「The common shares under "Fully voting shares (Other)" include 261,800 shares (2,618 voting rights) owned by The Japan Custody Bank, Ltd. (Trust Account E) in connection with the Stock Benefit Trust (BBT) scheme.」
The treatment of the 261,800 shares held by the BBT trust continues to be disclosed. - FY2021AdvancedAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental costs. At the end of the fiscal year, the carrying amount and number of these treasury shares were ¥109 million and 261,800 shares, respectively.」
Following approval of the BBT scheme, the trust proceeded to acquire and hold 261,800 shares and recognize their ¥109 million carrying amount as treasury shares. - FY2021-Q2RestatedAnnual report
「Accordingly, we reversed the entire executive retirement bonus provision and presented the ¥509 million unpaid portion of the lump-sum payments under “Other” non-current liabilities.」
The ¥509 million unpaid balance remaining after the full reversal of the provision following the discontinuation of the directors' retirement benefit scheme is presented, indicating that accounting treatment related to the discontinued scheme is continuing. - FY2021-Q1AdvancedAnnual report
「At the 82nd Annual General Meeting of Shareholders held on 26 June 2020, we resolved to make lump-sum payments of retirement bonuses in connection with the abolition of the executive retirement bonus system. Accordingly, we reversed the entire executive retirement bonus provision and presented ¥21 million of the ¥530 million unpaid portion of the lump-sum payments under “Other” current liabilities and ¥509 million under “Other” non-current liabilities.」
The Annual General Meeting of Shareholders approved lump-sum payments in connection with the abolition of the executive retirement bonus system, and the ¥530 million executive retirement bonus provision was fully reversed. - FY2020First statedAnnual report
「At a meeting of the Board of Directors held on 26 May 2020, we resolved to abolish the executive retirement bonus system for our directors and audit & supervisory board members and introduce a new stock-based compensation system for directors, the Stock Benefit Trust (BBT, or Board Benefit Trust). The system was approved at the 82nd Annual General Meeting of Shareholders held on 26 June 2020.」
The company resolved to abolish the executive retirement bonus system and change the system to the BBT stock benefit trust, under which shareholders also share the risk of a decline in the share price. The limit is 420,000 shares for 3 fiscal years.