Performance-linked share-based compensation through a Stock Benefit Trust (BBT)
First written in FY2017. 3 of 8 entries say "Restated". Latest entry: FY2022-Q3.
1 other company's latest entry also says "Achieved".
- FY2022-Q3AchievedAnnual report
「In connection with the termination of the Board Benefit Trust (BBT) during the nine-month period of the current consolidated fiscal year, the company acquired the 446,400 shares of the company constituting the remaining trust assets free of charge on 9 July 2021. Based on a resolution of the Board of Directors meeting held on 29 June 2021, the company cancelled 446,400 treasury shares on 31 July 2021, reducing treasury shares by ¥499 million.」
Following expiration of the plan period, the company acquired the remaining 446,400 BBT shares and cancelled the treasury shares, reducing treasury shares by ¥499 million. - FY2021AchievedAnnual report
「The performance-linked share-based compensation plan (BBT) ended on 31 March 2021 upon expiration of the plan period.」
The BBT ended on 31 March 2021 upon expiration of the plan period. - FY2020-Q3RestatedAnnual report
「The common shares classified as “fully voting shares (Other)” include 446,400 shares of the company held by Asset Management Service Trust Bank Co., Ltd. (Trust E Account) as trust assets under the Board Benefit Trust (BBT).」
The company continues to disclose that 446,400 shares are held as trust assets of the BBT. - FY2019-Q1RestatedAnnual report
「The 446,400 shares of the company held by Asset Management Service Trust Bank Co., Ltd. (Trust E Account) as trust assets of the Board Benefit Trust (BBT) are not included in the treasury shares and other items stated above.」
The company continues to disclose that 446,400 shares are held as trust assets of the BBT. - FY2018RestatedAnnual report
「At the end of the current consolidated fiscal year, the carrying amount of these treasury shares was ¥499 million and the number of shares was 446,400.」
The company disclosed that 446,400 treasury shares with a carrying amount of ¥499 million remain in the trust under the BBT and continues to operate the plan. - FY2018-Q3AdvancedAnnual report
「During the nine-month period of the current consolidated fiscal year, the company issued 446,400 shares through a third-party allotment in connection with the introduction of the Board Benefit Trust (BBT). As a result, capital stock and capital surplus each increased by ¥249 million, while treasury shares increased by ¥499 million.」
The company disclosed the third-party allotment of 446,400 shares in connection with the BBT, increasing capital stock and capital surplus by ¥249 million each and recording ¥499 million in treasury shares. - FY2018-Q1AdvancedAnnual report
「In connection with the introduction of this plan, on 29 May 2017 the company contributed ¥502 million in cash to Asset Management Service Trust Bank Co., Ltd. (Trust E Account), the re-trustee of Mizuho Trust & Banking Co., Ltd., the trustee. The funds were used to purchase the company’s shares. At the end of the first quarter of the current consolidated fiscal year, the carrying amount of these treasury shares was ¥499 million and the number of shares was 446,400.」
In connection with the introduction of the BBT, the company contributed ¥502 million in cash and acquired 446,400 shares, thereby implementing the plan. - FY2017First statedAnnual report
「The covered period comprises 5 fiscal years, from the fiscal year ending 31 March 2017 through the fiscal year ending 31 March 2021. To fund the purchase of shares for delivery to eligible officers, the company will contribute to the trust up to a total of ¥500 million, comprising ¥300 million for directors and ¥200 million for other eligible officers.」
The company introduced the BBT, under which shares are delivered based on position, achievement of performance targets, and other factors, over a covered period of 5 fiscal years, with total contributions capped at ¥500 million.