Introducing a Performance-Linked Share-Based Compensation Plan
First written in FY2016. 17 of 30 entries say "Restated". Latest entry: 2026-06-02.
21 other companies' latest entry also says "Restated".
- 2026-06-02RestatedGeneral Meetings of Shareholders
「The company has introduced a stock-based compensation plan for directors and executive officers, the Stock Benefit Trust (BBT), to encourage them to contribute to improved performance over the medium to long term and increased corporate value, and to promote greater value sharing with shareholders.」
The company reconfirmed the purpose and continuation of the BBT plan. The number of shares remaining in the trust was stated as 221 thousand shares. - FY2026-H1BBT trust-held shares decreased from 232 thousand shares to 221,528 sharesAnnual report
「The 221,528 shares of the Company owned by Japan Custody Bank, Ltd. (Trust E Account), representing 2,215 voting rights, are included under “fully voting shares (Other).”」
The BBT system continues. Shares held by Trust E Account changed from 232 thousand at the end of the previous consolidated fiscal year to 221,528 shares. - FY2025BBT trust-held shares increased to 232 thousand sharesAnnual report
「The carrying amount and number of these treasury shares were ¥87.517 million and 95 thousand shares at the end of the previous consolidated fiscal year, and ¥335.581 million and 232 thousand shares at the end of the current consolidated fiscal year.」
The BBT system continues, and the Company’s shares remaining in the trust increased from 95 thousand at the end of the previous consolidated fiscal year to 232 thousand at the end of the current consolidated fiscal year. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 1 November 2024, the Company resolved to dispose of treasury shares through a third-party allotment in connection with an additional contribution to the performance-linked stock-based remuneration system. (1) Disposal date: 18 November 2024 (2) Number of shares to be disposed of: 140,000 shares (3) Disposal price: ¥1,787 per share (4) Total disposal price: ¥250,180,000 (5) Allottee: Japan Custody Bank, Ltd. (Trust E Account)」
The Company resolved to dispose of 140,000 treasury shares in connection with an additional contribution to the BBT trust, specifying the disposal date, price and allottee. Shares held by Trust E Account at the end of September 2024 totaled 92,828. - FY2024RaisedAnnual report
「Five fiscal years from the fiscal year ending March 2025 through the fiscal year ending March 2029: Directors, total 76,000 points; executive officers, total 84,000 points」
Following approval at the June 2024 shareholders’ meeting, the framework for the new covered period from the fiscal year ending March 2025 through the fiscal year ending March 2029 sets the aggregate point limit for executive officers at 84,000 points. - FY2024-Q2BBT trust-held shares decreased from 102,328 shares to 95,128 sharesAnnual report
「The 95,128 shares of the Company owned by Japan Custody Bank, Ltd. (Trust E Account), representing 951 voting rights, are included under “fully voting shares (Other).”」
The performance-linked stock-based remuneration system (BBT) continues. Shares held by Trust E Account changed from the 102,328 shares previously reported to 95,128 shares. - FY2024-Q1RestatedAnnual report
「The 102,328 shares of the Company owned by Japan Custody Bank, Ltd. (Trust E Account), representing 1,023 voting rights, are included under “fully voting shares (Other).”」
The 102,328 shares held by Trust E Account under the performance-linked stock-based remuneration system (BBT) are disclosed, confirming the continued operation of the system. - FY2023RestatedAnnual report
「The performance coefficient for the current consolidated fiscal year is 1.5.」
The BBT calculation system continues, with the performance coefficient of 1.5 for the current fiscal year and 102,328 trust-held shares disclosed. - FY2023-Q2BBT trust-held shares decreased from 107,528 shares to 102,328 sharesAnnual report
「The 102,328 shares of the Company owned by Japan Custody Bank, Ltd. (Trust E Account), representing 1,023 voting rights, are included under “fully voting shares (Other).”」
The BBT system continues. Shares held by Trust E Account changed from the 107,528 shares previously reported to 102,328 shares. - FY2022-Q2BBT trust-held shares decreased from 121,100 shares to 107,528 sharesAnnual report
「The 107,528 shares of the Company owned by Japan Custody Bank, Ltd. (Trust E Account), representing 1,075 voting rights, are included under “fully voting shares (Other).”」
The BBT system continues. Shares held by Trust E Account changed from the 121,100 shares previously reported to 107,528 shares. - FY2021Performance coefficient changed from 1.0 to 1.5, and trust-held shares decreased to 112,028 sharesAnnual report
「The performance coefficient for the current consolidated fiscal year is 1.5.」
The BBT system continues, and the performance coefficient for the current fiscal year increased from 1.0 in the previous fiscal year to 1.5. The Company’s shares remaining in the trust changed from 124 thousand to 112 thousand. - FY2021-Q2BBT trust-held shares decreased to 121,100 sharesAnnual report
「The 121,100 shares of the Company owned by Japan Custody Bank, Ltd. (Trust E Account), representing 1,211 voting rights, are included under “fully voting shares (Other).”」
The BBT system itself continues. Shares held by Trust E Account changed from the 124,000 shares previously reported to 121,100 shares. - FY2021-Q1RestatedAnnual report
「The 124,000 shares of the Company owned by 資産管理サービス信託銀行株式会社 (Trust E Account), representing 1,240 voting rights, are included under “fully voting shares (Other).”」
The 124,000 BBT trust-held shares are disclosed, confirming the continued operation of the performance-linked stock-based remuneration system. - FY2020Performance coefficient changed from 0.7 to 1.0Annual report
「The performance coefficient for the current consolidated fiscal year is 1.0.」
The BBT system and calculation method continue, while the performance coefficient for the current fiscal year changed from 0.7 in the previous fiscal year to 1.0. - FY2020-Q3RestatedAnnual report
「The Company has introduced the stock-based remuneration system, the stock delivery trust (BBT), for directors and executive officers to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value. The Company grants points to directors and executive officers annually based on performance and delivers the Company’s shares equivalent to the points granted upon their retirement.」
The structure of BBT, involving performance-linked point grants and share delivery upon retirement, continues. The shares remaining in the trust total 124 thousand, with a carrying amount of ¥114.080 million. - FY2020-Q2RestatedAnnual report
「The Company has introduced the stock-based remuneration system, the stock delivery trust (BBT), for directors and executive officers to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
BBT continues to operate, with 124 thousand of the Company’s shares remaining in the trust and a carrying amount of ¥114.080 million, unchanged from the end of the previous consolidated fiscal year. - FY2020-Q1RestatedAnnual report
「The Company grants points to directors and executive officers annually based on performance and delivers the Company’s shares equivalent to the points granted upon their retirement.」
BBT continues to operate, reaffirming the structure of annual performance-linked point grants and share delivery upon retirement. The shares remaining in the trust total 124 thousand, with a carrying amount of ¥114.080 million. - FY2019RestatedAnnual report
「The performance coefficient for the current consolidated fiscal year is 0.7.」
BBT continues to operate, and performance-linked stock-based remuneration based on a performance coefficient of 0.7 for the current fiscal year has been recorded. The shares remaining in the trust total 124 thousand. - FY2019-Q3RestatedAnnual report
「The Company grants points to directors and executive officers annually based on performance and delivers the Company’s shares equivalent to the points granted upon their retirement.」
BBT continues to operate, reaffirming the structure of annual performance-linked point grants and share delivery upon retirement. The shares remaining in the trust total 125 thousand, with a carrying amount of ¥115.184 million. - FY2019-Q2RestatedAnnual report
「The Company has introduced the stock-based remuneration system, the stock delivery trust (BBT), for directors and executive officers to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
BBT continues to operate, with 125 thousand of the Company’s shares remaining in the trust and a carrying amount of ¥115.184 million, unchanged from the end of the previous consolidated fiscal year. - FY2019-Q1RestatedAnnual report
「The Company has introduced the stock-based remuneration system, the stock delivery trust (BBT), for directors and executive officers to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value. The Company grants points to directors and executive officers annually based on performance and delivers the Company’s shares equivalent to the points granted upon their retirement.」
BBT continues to operate, reaffirming the structure of annual performance-linked point grants and share delivery upon retirement. The shares remaining in the trust total 125 thousand, with a carrying amount of ¥115.184 million. - FY2018RestatedAnnual report
「Number of points (number of shares) = Position points × Performance coefficient」
The Company describes the ongoing BBT structure, under which delivery points are calculated using a performance coefficient based on the average of consolidated net sales and the achievement rate for the ordinary profit target, together with position points. - FY2018-Q3RestatedAnnual report
「The Company has introduced the stock-based remuneration system, the stock delivery trust (BBT), for directors and executive officers to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
BBT continues to operate, with 125 thousand of the Company’s shares remaining in the trust and a carrying amount of ¥115.184 million. - FY2018-Q2RestatedAnnual report
「The Company has introduced the stock-based remuneration system, the stock delivery trust (BBT), for directors and executive officers to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
BBT continues to operate, with 125 thousand of the Company’s shares remaining in the trust and a carrying amount of ¥115.184 million. - FY2018-Q1RestatedAnnual report
「The Company has introduced the stock-based remuneration system, the stock delivery trust (BBT), for directors and executive officers to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
BBT continues to operate, with 125 thousand of the Company’s shares remaining in the trust and a carrying amount of ¥115.184 million. - FY2017RestatedAnnual report
「This is a performance-linked stock-based remuneration system under which the Company’s shares are acquired through a trust using funds contributed by the Company, and shares of the Company and cash equivalent to the value of those shares at market price on the retirement date are delivered through the trust to covered officers in accordance with the Company’s rules governing the delivery of shares to officers.」
The full-year description of the BBT structure, including the trust, point grants and delivery upon retirement, is provided, together with 126,000 trust-held shares and a carrying amount of ¥115.920 million. - FY2017-Q3RestatedAnnual report
「From the second quarter of the current consolidated fiscal year, the Company has reviewed its executive remuneration system and introduced a new stock-based remuneration system for directors and executive officers, the stock delivery trust (BBT), to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
For BBT, introduced in the second quarter, the Company describes the accounting treatment under which performance-linked points are granted and shares are delivered upon retirement, as well as 126 thousand trust-held shares with a carrying amount of ¥115.920 million. There has been no change in the initial implementation stage. - FY2017-Q2AdvancedAnnual report
「From the second quarter of the current consolidated fiscal year, the Company has reviewed its executive remuneration system and introduced a new stock-based remuneration system for directors and executive officers, the stock delivery trust (BBT), to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The accounting treatment for BBT has also commenced, with points granted annually based on performance and shares delivered upon retirement. The structure has been specified. - FY2017-Q1AdvancedAnnual report
「The Company resolved at a meeting of the Board of Directors held on 5 August 2016 to dispose of treasury shares through a third-party allotment in connection with the introduction of the stock delivery trust (BBT). (1) Disposal date: 31 August 2016 (2) Number of shares to be disposed of: 126,000 shares (3) Disposal price: ¥920 per share (4) Total disposal price: ¥115,920,000 (5) Allottee: 資産管理サービス信託銀行株式会社 (Trust E Account)」
The Board resolution, disposal date, number of shares, price and allottee for the disposal of treasury shares in connection with the introduction of BBT were specified. - FY2016First statedAnnual report
「The purpose is to clarify the linkage between the remuneration of covered officers and the Company’s performance and share value, and to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value by having them share with shareholders not only the benefits of a rise in the share price but also the risk of a decline.」
BBT was introduced with the five fiscal years from the fiscal year ended March 2017 through the fiscal year ended March 2021 as the initial covered period, with a contribution limit of ¥120 million, including ¥70 million for directors.