Performance-Linked Share-Based Compensation through the BBT Share Benefit Trust
First written in FY2018. 3 of 18 entries say "Restated". Latest entry: FY2026.
36 other companies' latest entry also says "Other".
- FY2026BBT-RS share delivery and decrease in shares held in trustAnnual report
「The decrease of 3,569,490 common shares held as treasury shares resulted from a decrease of 27,390 shares due to the grant of shares as compensation for services performed to 4 directors, 12 executive officers and 2 subsidiary directors, a decrease of 62,100 shares due to the sale of Company shares held by the “Stock Benefit Trust (Employee Share Ownership Plan Disposal Type),” and a decrease of 3,480,000 shares due to the cancellation of treasury shares.」
Following the revision to BBT-RS, 27,390 shares were granted to directors, executive officers and others. Shares held by the BBT-RS Trust decreased from 218 thousand shares to 191 thousand shares. - FY2026-H1AchievedAnnual report
「Based on a resolution at the 145th Annual General Meeting of Shareholders held on 25 June 2025, we revised part of the BBT system to a “Stock Benefit Trust (BBT-RS (= Board Benefit Trust-Restricted Stock))” under which shares granted to directors and other eligible persons are subject to transfer restrictions until their retirement.」
Following approval at the general meeting of shareholders, the existing BBT system was actually revised to BBT-RS, under which transfer restrictions apply until retirement. - FY2025ReframedAnnual report
「Approval is requested to revise part of the BBT system to a “Stock Benefit Trust (BBT-RS (= Board Benefit Trust-Restricted Stock))” under which shares granted to directors and other eligible persons are subject to transfer restrictions until their retirement.」
A proposal was presented to revise the existing BBT, which provides benefits upon retirement, into BBT-RS, under which part of the benefits is provided during the term of office and transfer restrictions apply until retirement. The system is planned to be changed so that participants share voting and dividend rights equivalent to those of shareholders. - FY2025-H1Decline in shares held by the BBT trustAnnual report
「The carrying amount and number of treasury shares were ¥159 million and 55 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥157 million and 54 thousand shares, respectively, at the end of the current interim consolidated fiscal period.」
The number of shares held by the BBT Trust decreased from 55 thousand shares to 54 thousand shares, while the carrying amount decreased from ¥159 million to ¥157 million. - FY2024-Q2Decline in shares held by the BBT trustAnnual report
「The carrying amount and number of treasury shares were ¥161 million and 55 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥159 million and 55 thousand shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The number of shares held by the BBT Trust was 55 thousand shares, unchanged from the end of the previous fiscal year, while the carrying amount decreased from ¥161 million to ¥159 million. - FY2023Disclosure of the performance-linked share compensation coefficient for the current fiscal yearAnnual report
「Consolidated operating profit 1,100 775 0.00”; “Consolidated operating margin 0.8 0.00”; “ROE 2.1 0.00」
It was disclosed that all coefficients based on the 2022 results for consolidated operating profit, operating margin and ROE, which are the BBT performance evaluation metrics, were 0.00. - FY2023-Q2Decline in shares held by the BBT trustAnnual report
「The carrying amount and number of treasury shares were ¥163 million and 56 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥161 million and 55 thousand shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The number of shares held by the BBT Trust decreased from 56 thousand shares at the end of the previous fiscal year to 55 thousand shares at the end of the current quarter, while the carrying amount decreased from ¥163 million to ¥161 million. - FY2023-Q1Decline in shares held by the BBT trustAnnual report
「The carrying amount and number of treasury shares were ¥163 million and 56 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥163 million and 56 thousand shares, respectively, at the end of the first quarter of the current consolidated fiscal year.」
Treasury shares remaining in the BBT Trust decreased from 56.8 thousand shares at the end of the previous fiscal year to 56 thousand shares at the end of the current quarter. - FY2022Disclosure of the BBT performance evaluation coefficientAnnual report
「The achievement rates against the fiscal year’s consolidated ordinary profit plan and consolidated revenue plan have been selected as the performance evaluation metrics, and the coefficient for the fiscal year is calculated in accordance with criteria separately established by the Nomination and Compensation Committee. ... Consolidated ordinary profit 1,400 1,298 0.5” Consolidated revenue 93,000 88,416 0」
For the BBT performance metrics, the FY2021 plan and actual figures for ordinary profit and revenue, along with performance evaluation coefficients of 0.5 and 0, were disclosed. - FY2022-Q2Decline in shares held by the BBT trustAnnual report
「The company’s 56,800 shares held by Japan Custody Bank, Ltd. (Trust E) as trust assets for the “Share Delivery Trust (BBT)” are presented as included in “fully voting shares (other).”」
The shares held by the BBT trust decreased from the previously disclosed 57,000 shares to 56,800 shares. - FY2022-Q1RestatedAnnual report
「The company’s 57,000 shares held by Japan Custody Bank, Ltd. (Trust E) as trust assets for the “Share Delivery Trust (BBT)” are presented as included in “fully voting shares (other).”」
The disclosure of the 57,000 shares held by the BBT trust continues. - FY2020Disclosure of the performance evaluation coefficient for the yearAnnual report
「The achievement rates against the fiscal year’s consolidated ordinary profit plan and consolidated revenue plan have been selected as the performance evaluation metrics, and the performance evaluation coefficient for the fiscal year is calculated in accordance with criteria separately established by the Nomination and Compensation Committee. The coefficient varies from 0% to 150% depending on the plan achievement rate. Consolidated ordinary profit 2,400 2,163 0.50 Consolidated revenue 104,000 100,858 0」
For the BBT plan, performance evaluation coefficients based on the year’s plan and actual results were disclosed, with 0.50 for consolidated ordinary profit and 0 for consolidated revenue. - FY2020-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥164 million and 57,000 shares, respectively, at the end of the previous consolidated fiscal year, and ¥164 million and 57,000 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The introduction of the BBT performance-linked stock compensation plan and the 57,000 treasury shares remaining in the trust, with a carrying amount of ¥164 million, continue to be disclosed. - FY2019No performance-linked compensation accruedAnnual report
「The achievement rates for ordinary profit and revenue in the plan, namely the consolidated earnings forecast for the fiscal year, have been selected as the performance evaluation metrics. No performance-linked stock compensation accrued for the fiscal year.」
Ordinary profit and revenue were used as the BBT plan’s performance metrics. Against plan figures of ¥3,400 million and ¥100,000 million, actual results were ¥1,748 million and ¥97,782 million, respectively, and no performance-linked stock compensation accrued for the year. - FY2019-Q3RestatedAnnual report
「Based on a resolution at the 138th annual general meeting of shareholders held on 28 June 2018, the company has introduced a new performance-linked stock compensation plan, the “Share Delivery Trust (BBT (= Board Benefit Trust)),” for its directors and executive officers and directors with titles at certain subsidiaries (collectively, “directors and other officers”). The treasury shares remaining at the end of the third quarter of the current consolidated fiscal year had a carrying amount of ¥164 million and numbered 57,000 shares.」
The introduction of the BBT plan and the 57,000 treasury shares remaining in the trust, with a carrying amount of ¥164 million, continue to be disclosed. - FY2019-Q2AdvancedAnnual report
「Based on a resolution at the 138th annual general meeting of shareholders held on 28 June 2018, the company has introduced a new performance-linked stock compensation plan, the “Share Delivery Trust (BBT (= Board Benefit Trust)),” for its directors and executive officers and directors with titles at certain subsidiaries (collectively, “directors and other officers”). The treasury shares remaining at the end of the second quarter of the current consolidated fiscal year had a carrying amount of ¥164 million and numbered 57,000 shares.」
The BBT plan has been accounted for as already introduced, and 57,000 treasury shares remaining in the trust, with a carrying amount of ¥164 million, have been disclosed. - FY2019-Q1AdvancedAnnual report
「To operate this plan, the company will dispose of treasury shares through a third-party allotment to Trust E of Asset Management Service Trust Bank Co., Ltd., the re-trustee that receives a re-trust from Mizuho Trust & Banking Co., Ltd., the trustee of the trust established under the trust agreement entered into with Mizuho Trust & Banking Co., Ltd. The disposal date is 23 August 2018, the number of shares to be disposed of is 57,000 common shares, and the disposal price is ¥2,887 per share, for a total of ¥164,559,000.」
To operate the BBT plan, the company resolved to dispose of 57,000 treasury shares through a third-party allotment to Trust E for a total of ¥164,559,000, with 23 August 2018 set as the disposal date. - FY2018First statedAnnual report
「The company introduced a new performance-linked stock compensation plan, the “Share Delivery Trust (BBT (= Board Benefit Trust)),” which is closely linked to the medium-term management plan and allows directors and other officers to share with shareholders not only the benefits of a rising share price but also the risk of a decline in the share price. The total number of shares to be delivered, calculated on a 3-fiscal-year basis, will be capped at 27,000 shares for the company’s directors, 24,000 shares for its executive officers and 6,000 shares for directors with titles at subsidiaries, for a total of 57,000 shares. The company will contribute funds of up to ¥180 million and establish the trust.」
The company introduced an executive stock compensation plan linked to the medium-term management plan, establishing a framework scheduled to begin in August 2018 and capped at 57,000 shares and ¥180 million over 3 fiscal years.