Introduction of the Performance-Linked Stock Compensation Plan (BBT)
First written in FY2019. 2 of 7 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2025.
21 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For the performance-linked compensation metric, the Company has adopted net income, which represents the final outcome of business performance and is an easy-to-understand metric serving as a source of funds for growth investments and shareholder returns.」
The Company continues to use net income as the metric for performance-linked stock compensation. - FY2024-Q2Extinguishment of provision for stock benefits for directors and executive officersAnnual report
「Provision for stock benefits for directors and executive officers ¥12.330 million -」
The provision for stock benefits for directors and executive officers fell from ¥12.330 million at the end of the previous fiscal year to zero, reflecting a change in the balance after the provision was reversed following the waiver of rights by directors and others. - FY2024-Q1Reversal of provision for stock benefits for directors and executive officersAnnual report
「Gain on reversal of provision for stock benefits for directors and executive officers - ※2 ¥12.330 million」
Due to directors waiving their rights, the Company recognized a ¥12.330 million gain on reversal of the provision for stock benefits for directors and executive officers. The balance of rights relating to performance-linked stock compensation has changed. - FY2023RestatedAnnual report
「For the performance-linked compensation metric, the Company has adopted consolidated net income attributable to owners of the parent, which represents the final outcome of business performance and is an easy-to-understand metric serving as a source of funds for growth investments and shareholder returns.」
The Company has reconfirmed its policy of using net income attributable to owners of the parent as the metric for performance-linked compensation, including the BBT. - FY2022AdvancedAnnual report
「For the performance-linked compensation metric, the Company has adopted consolidated net income attributable to owners of the parent, which represents the final outcome of business performance and is an easy-to-understand metric serving as a source of funds for growth investments and shareholder returns.」
For performance-linked stock compensation, including the BBT, net income attributable to owners of the parent was expressly identified as the performance metric. - FY2020-Q3AdvancedAnnual report
「Based on a resolution at the 49th Annual General Meeting of Shareholders held on 21 June 2019, the Company introduced the performance-linked stock compensation plan, the Stock Benefit Trust (BBT), for directors, excluding outside directors, effective 15 November 2019. Unless otherwise stated, the same definition applies hereinafter.」
The BBT approved in FY2019 was actually introduced on 15 November 2019, and 119,500 shares were acquired through the Trust. The plan had moved from the resolution stage to the operational stage. - FY2019First statedAnnual report
「At the 49th Annual General Meeting of Shareholders held on 21 June 2019, the Company resolved to introduce a new performance-linked stock compensation plan, the Stock Benefit Trust (BBT (Board Benefit Trust)). … The Company will contribute up to ¥500 million to the Trust as the funds required for the initial covered period. … For the initial covered period, the Company will acquire up to 188,700 shares without delay after establishing the Trust.」
The Company resolved to introduce a performance-linked stock compensation plan for directors, with the initial covered period comprising the 3 fiscal years from the fiscal year ending March 2020 through the fiscal year ending March 2022.