Share price-linked executive compensation through a Board Benefit Trust (BBT)
First written in FY2017. 9 of 20 entries say "Restated". Latest entry: FY2025-H1.
28 other companies' latest entry also says "Other".
- FY2025-H1Shares held in trust decreased to 132,300Annual report
「The common shares under “Fully Voting Shares (Other)” include 132,300 shares (1,323 voting rights) held by Custody Bank of Japan, Ltd. (Trust Account E) as trust assets of the Board Benefit Trust (BBT), and 400 shares (4 voting rights) registered in the name of Japan Securities Depository Center, Inc.」
The number of shares held in trust under the BBT changed from 132,398 shares at the end of the previous fiscal year to 132,300 shares. - FY2024The number of shares held by the trust has declinedAnnual report
「The carrying amount and number of these treasury shares were ¥67 million and 138,800 shares, respectively, at the end of the previous fiscal year, and ¥64 million and 132,398 shares, respectively, in the current fiscal year.」
The number of shares held in trust under the BBT decreased from 138,800 shares at the end of the previous fiscal year to 132,398 shares. - FY2024-Q2The number of shares held by the trust has declinedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 132,300 shares (1,323 voting rights) held by Custody Bank of Japan, Ltd. (Trust Account E) as trust assets of the Board Benefit Trust (BBT), and 400 shares (4 voting rights) registered in the name of Japan Securities Depository Center, Inc.」
The number of shares held in trust under the BBT changed from 138,800 shares at the end of the previous fiscal year to 132,300 shares. - FY2023RestatedAnnual report
「The Company records the shares of the Company remaining in the trust as treasury shares under net assets at the carrying amount recorded by the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥67.595 million and 138,800 shares, respectively, at the end of the previous fiscal year and in the current fiscal year.」
The Company continues to disclose 138,800 shares held in trust under the BBT and a carrying amount of ¥67.595 million. - FY2023-Q1RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 138,800 shares (1,388 voting rights) held by Custody Bank of Japan, Ltd. (Trust Account E) as trust assets of the Board Benefit Trust (BBT), and 400 shares (4 voting rights) registered in the name of Japan Securities Depository Center, Inc.」
The Company continues to disclose 138,800 shares held in trust under the BBT, with no change in the number of shares from the end of the previous fiscal year. - FY2022The number of shares held by the trust has declinedAnnual report
「The carrying amount and number of these treasury shares were ¥83.958 million and 172,400 shares, respectively, at the end of the previous consolidated fiscal year, and ¥67.595 million and 138,800 shares, respectively, in the current consolidated fiscal year.」
The number of shares held in trust under the BBT decreased from 172,400 shares at the end of the previous fiscal year to 138,800 shares. - FY2022-Q3The number of shares held by the trust has declinedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 138,800 shares (1,388 voting rights) held by Custody Bank of Japan, Ltd. (Trust Account E) as trust assets of the Board Benefit Trust (BBT), and 400 shares (4 voting rights) registered in the name of Japan Securities Depository Center, Inc.」
The number of shares held in trust under the BBT changed from 172,400 shares at the end of the previous consolidated fiscal year to 138,800 shares. - FY2021RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥90.338 million and 185,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥83.958 million and 172,400 shares, respectively, in the current consolidated fiscal year.」
The Company continued the BBT system and disclosed 172,400 shares held in trust and a carrying amount of ¥83.958 million. - FY2021-Q3RestatedAnnual report
「The Company records the shares of the Company remaining in the trust as treasury shares under net assets at the carrying amount recorded by the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥90.338 million and 185,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥83.958 million and 172,400 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The Company continues to disclose 172,400 shares held in trust under the BBT and a carrying amount of ¥83.958 million, maintaining the level reported at the end of the second quarter. - FY2021-Q2The number of shares held by the trust has declinedAnnual report
「The Company records the shares of the Company remaining in the trust as treasury shares under net assets at the carrying amount recorded by the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥90.338 million and 185,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥83.958 million and 172,400 shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The number of shares held in trust under the BBT decreased from 185,500 shares at the end of the previous fiscal year to 172,400 shares, while the carrying amount decreased from ¥90.338 million to ¥83.958 million. - FY2020-Q3RestatedAnnual report
「The Company records the shares of the Company remaining in the trust as treasury shares under net assets at the carrying amount recorded by the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥90.338 million and 185,500 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The Company continues to disclose 185,500 shares held in trust under the BBT and a carrying amount of ¥90.338 million. - FY2020-Q2The number of shares held by the trust has declinedAnnual report
「The Company records the shares of the Company remaining in the trust as treasury shares under net assets at the carrying amount recorded by the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥90.338 million and 185,500 shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The number of shares held in trust under the BBT changed from 191,500 shares at the end of the first quarter to 185,500 shares, and a carrying amount of ¥90.338 million was disclosed. - FY2020-Q1RestatedAnnual report
「The Company records the shares of the Company remaining in the trust as treasury shares under net assets at the carrying amount recorded by the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥93.26 million and 191,500 shares, respectively, at the end of the first quarter of the current consolidated fiscal year.」
The Company continues to disclose 191,500 shares held in trust under the BBT and a carrying amount of ¥93.26 million. - FY2019-Q3RestatedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 191,500 shares (1,915 voting rights) held by Asset Management Service Trust Bank, Ltd. (Trust Account E) as trust assets of the Board Benefit Trust (BBT), and 400 shares (4 voting rights) registered in the name of Japan Securities Depository Center, Inc.」
The Company continues to disclose 191,500 shares held as trust assets of the BBT. - FY2019-Q2The number of shares held by the trust has declinedAnnual report
「The common shares under “Fully Voting Shares (Other)” include 191,500 shares (1,915 voting rights) held by Asset Management Service Trust Bank, Ltd. (Trust Account E) as trust assets of the Board Benefit Trust (BBT), and 400 shares (4 voting rights) registered in the name of Japan Securities Depository Center, Inc.」
The number of shares held as trust assets of the BBT changed from the previously reported 200,000 shares to 191,500 shares. - FY2018RestatedAnnual report
「In connection with the introduction of this system during the fiscal year, Asset Management Service Trust Bank, Ltd. acquired 200,000 shares of the Company.」
The Company disclosed 200,000 shares held in trust under the BBT and continues to operate the stock-based compensation system. - FY2018-Q3RestatedAnnual report
「At the end of the third quarter accounting period, the carrying amount of these treasury shares was ¥97.4 million and the number of shares was 200,000.」
At the end of the third quarter, 200,000 shares held in trust under the Board Benefit Trust (BBT) were again confirmed, and operation of the system is continuing. - FY2018-Q2AdvancedAnnual report
「In connection with the introduction of this system during the second quarter accounting period, Asset Management Service Trust Bank, Ltd. acquired 200,000 shares of the Company.」
In connection with the introduction of the Board Benefit Trust (BBT), the trust acquired 200,000 shares of the Company, and the system commenced full operation. - FY2018-Q1AdvancedAnnual report
「The Company had recorded the amount payable at the end of the fiscal year under its internal rules to fund executive retirement bonuses, but abolished the executive retirement bonus system upon the conclusion of the Annual General Meeting of Shareholders held on 20 June 2017.」
The executive retirement bonus system was abolished upon the conclusion of the Annual General Meeting of Shareholders on 20 June. - FY2017First statedAnnual report
「At a meeting of the Board of Directors held on 12 May 2017, the Company resolved to review its executive compensation system, abolish its executive retirement bonus system, and introduce a new stock compensation system for the Company’s directors, excluding outside directors, called the Board Benefit Trust (BBT). The proposal concerning the system was submitted to the 51st Annual General Meeting of Shareholders held on 20 June 2017 and was approved at that meeting.」
The Company announced a policy of abolishing the executive retirement bonus system and introducing a new stock compensation system under which it would share with shareholders the benefits of a rising share price and the risks of a falling share price. The trust agreement was scheduled to be signed in August 2017.