Introduction of the Executive Compensation BIP Trust
First written in FY2017-Q1. 4 of 22 entries say "Restated". Latest entry: FY2026.
21 other companies' latest entry also says "Other".
- FY2026Updated the number of shares held in the trust at fiscal year-endAnnual report
「As of the end of the fiscal year, The Master Trust Bank of Japan, Ltd. held 38,596 of the Company’s shares as trust assets under this plan.」
Updated the number of shares held by the Executive Compensation BIP Trust at fiscal year-end to 38,596. - FY2025-H1Updated the number of shares held in the trust at the end of the interim periodAnnual report
「The 2,971 thousand shares owned by The Master Trust Bank of Japan, Ltd. include 99 thousand shares held as trust assets in the Stock Grant ESOP Trust Account and 38 thousand shares held as trust assets in the Executive Compensation BIP Trust Account.」
As of 30 September 2024, the number of shares held by the Executive Compensation BIP Trust Account was 38 thousand. - FY2024RaisedAnnual report
「At a meeting of the Board of Directors held on 15 May 2024, the Company resolved to partially amend the plan and, at the 52nd Annual General Meeting of Shareholders held on 26 June 2024, a proposal concerning the plan was approved. Executive officers who have entered into delegation agreements with the Company were also made eligible for the plan.」
For the Executive Compensation BIP Trust, the Company disclosed a partial amendment to expand eligibility to executive officers, with the trust period scheduled to be changed to 30 September 2028, a trust-funding limit of ¥178 million, and 41,000 scheduled shares. - FY2024-Q3Updated the number of shares held in the trust at the end of the third quarterAnnual report
「The consolidated financial statements and the financial statements include 106,800 of the Company’s shares held by the Stock Grant ESOP Trust Account and 9,900 of the Company’s shares held by the Executive Compensation BIP Trust Account, both recognized as treasury shares.」
The number of shares held by the Executive Compensation BIP Trust Account at the end of the third quarter was 9,900. - FY2023-Q3Updated the number of shares held in the trust at the end of the third quarterAnnual report
「The Executive Compensation BIP Trust Account holds 9,900 of the Company’s shares.」
The number of shares held by the Executive Compensation BIP Trust Account was 9,900. - FY2023-Q1Updated the number of shares held in the trust at the end of the first quarterAnnual report
「The consolidated financial statements and the financial statements include 90,900 of the Company’s shares held by the Stock Grant ESOP Trust Account and 9,900 of the Company’s shares held by the Executive Compensation BIP Trust Account, both recognized as treasury shares.」
The number of shares held by the Executive Compensation BIP Trust Account was 9,900. - FY2022SoftenedAnnual report
「Because the performance targets under the previous medium-term management plan were not achieved, no additional shares will be acquired when the trust period is extended, as surplus shares will remain.」
The BIP Trust will be extended through 30 September 2025, while no additional shares will be acquired upon the extension because the targets under the previous medium-term management plan were not achieved. - FY2022-Q3Updated the number of shares held in the trust at the end of the third quarterAnnual report
「The Executive Compensation BIP Trust Account holds 9,900 of the Company’s shares.」
The number of shares held by the Executive Compensation BIP Trust Account was 9,900. - FY2021Updated the number of shares held in the trust at fiscal year-endAnnual report
「② Total number of shares scheduled to be acquired by directors 9,996 shares」
It was disclosed that the total number of shares scheduled to be acquired by directors under the BIP Trust was 9,996. - FY2021-Q3Updated the number of shares held in the trust at the end of the third quarterAnnual report
「The Executive Compensation BIP Trust Account holds 9,900 of the Company’s shares.」
The number of shares held by the Executive Compensation BIP Trust Account was 9,900. - FY2020-Q2Updated the number of shares held in the trust at the end of the second quarterAnnual report
「9 thousand shares held as trust assets in the Executive Compensation BIP Trust Account」
It was disclosed that the number of shares held by the Executive Compensation BIP Trust Account was 9,996. - FY2020-Q1Updated the actual number of shares remaining in the trust at the end of the first quarterAnnual report
「The Executive Compensation BIP Trust Account holds 9,900 of the Company’s shares.」
The number of shares held by the Executive Compensation BIP Trust Account was 9,900. - FY2019Changed to an arrangement under which the trust period would be extended and no additional shares acquiredAnnual report
「Because the performance targets under the previous medium-term management plan were not achieved, no additional shares will be acquired when the trust period is extended, as surplus shares will remain.」
The BIP Trust will continue, but no additional shares will be acquired when the trust period is extended because the targets under the previous medium-term management plan were not achieved. - FY2019-Q3Updated the actual number of shares remaining in the trust at the end of the third quarterAnnual report
「The carrying amount and number of these treasury shares were ¥32 million and 10 thousand shares, respectively, in the previous consolidated fiscal year, and ¥29 million and 9 thousand shares, respectively, during the consolidated accounting period of the third quarter of the current fiscal year.」
The BIP Trust had 9 thousand remaining shares, with a carrying amount of ¥29 million. - FY2019-Q2Updated the actual number of shares remaining in the trust at the end of the second quarterAnnual report
「The Company has introduced the Executive Compensation BIP Trust as a plan for its directors, with the aim of raising their awareness of contributing to improvements in the Company’s medium- to long-term performance and the enhancement of corporate value. The carrying amount and number of these treasury shares were ¥32 million and 10 thousand shares, respectively, in the previous consolidated fiscal year, and ¥29 million and 9 thousand shares, respectively, during the consolidated accounting period of the second quarter of the current fiscal year.」
The BIP Trust continued to operate, with 9 thousand remaining shares and a carrying amount of ¥29 million. - FY2019-Q1Updated the actual number of shares remaining in the trust at the end of the first quarterAnnual report
「The carrying amount and number of these treasury shares were ¥32 million and 10 thousand shares, respectively, in the previous consolidated fiscal year, and ¥31 million and 10 thousand shares, respectively, during the consolidated accounting period of the first quarter of the current fiscal year.」
The BIP Trust had 10 thousand remaining shares, with a carrying amount of ¥31 million. - FY2018-Q3RestatedAnnual report
「The Company has introduced the Executive Compensation BIP Trust as a plan for its directors, with the aim of raising their awareness of contributing to improvements in the Company’s medium- to long-term performance and the enhancement of corporate value.」
The director-focused BIP Trust continues to operate, with 10 thousand remaining shares and a carrying amount of ¥32 million. - FY2018-Q2RestatedAnnual report
「The Company has introduced the Executive Compensation BIP Trust as a plan for its directors, with the aim of raising their awareness of contributing to improvements in the Company’s medium- to long-term performance and the enhancement of corporate value.」
The director-focused BIP Trust continues to operate, with 10 thousand remaining shares and a carrying amount of ¥32 million. - FY2018-Q1RestatedAnnual report
「The Company has introduced the Executive Compensation BIP Trust as a plan for its directors, with the aim of raising their awareness of contributing to improvements in the Company’s medium- to long-term performance and the enhancement of corporate value.」
The director-focused BIP Trust plan continues to operate. The remaining shares total 10 thousand, with a carrying amount of ¥32 million. - FY2017-Q3RestatedAnnual report
「The Company has introduced the Executive Compensation BIP Trust as a plan for its directors, with the aim of raising their awareness of contributing to improvements in the Company’s medium- to long-term performance and the enhancement of corporate value.」
The director-focused BIP Trust plan continues to operate, with 10 thousand remaining shares and a carrying amount of ¥32,067 thousand disclosed. - FY2017-Q2AdvancedAnnual report
「The Company has introduced the Executive Compensation BIP Trust as a plan for its directors, with the aim of raising their awareness of contributing to improvements in the Company’s medium- to long-term performance and the enhancement of corporate value. Under the share delivery rules, the Company grants directors points based on their position in each fiscal year and the degree to which the performance targets set out in the medium-term management plan are achieved, and in principle delivers, free of charge through the trust, a number of the Company’s shares equivalent to the accumulated points when the director retires. During the consolidated accounting period of the second quarter of the current fiscal year, the carrying amount and number of the Company’s shares remaining in the trust were ¥32,067 thousand and 10 thousand shares, respectively.」
The operation of the BIP Trust following its introduction was specified, with points to be granted based on the degree of achievement of performance targets and 10 thousand remaining shares with a carrying amount of ¥32,067 thousand disclosed. - FY2017-Q1First statedAnnual report
「The Company has resolved to introduce the Executive Compensation BIP Trust, a stock-based compensation plan, as an incentive plan for the Company’s directors, excluding outside directors. This disposal of treasury shares will be made to The Master Trust Bank of Japan, Ltd., the co-trustee of the respective trust agreements to be entered into by the Company and Mitsubishi UFJ Trust and Banking Corporation in connection with the introduction of the BIP Trust and the ESOP Trust.」
The Company resolved to introduce the plan as a stock-based compensation program for directors and stated that 10,700 shares would be allocated to the BIP Trust Account through a third-party allotment.