Introduction of a BIP Trust for Executive Compensation as Performance-Linked Stock Compensation
First written in FY2017-Q2. 6 of 26 entries say "Restated". Latest entry: 2026-06-25.
77 other companies' latest entry also says "Advanced".
- FY2026-H1Decrease in shares held by the trust and their carrying amountAnnual report
「At the end of the current interim consolidated accounting period, the carrying amount in the trust was ¥153 million (¥199 million at the end of the previous consolidated fiscal year). The number of the Company's shares held by the trust at the end of the interim period was 113 thousand (147 thousand at the end of the previous consolidated fiscal year).」
Continues the executive compensation BIP trust and its coverage of directors and executive officers, while trust-held shares decreased from 147 thousand to 113 thousand and the carrying amount decreased from ¥199 million to ¥153 million. - FY2025-H1Increase in trust-held shares and carrying amountAnnual report
「At the end of the current interim consolidated accounting period, the carrying amount in the trust was ¥199 million (¥191 million at the end of the previous consolidated fiscal year). The number of the Company's shares held by the trust at the end of the interim period was 147 thousand (134 thousand at the end of the previous consolidated fiscal year).」
Continues the executive compensation BIP trust, while trust-held shares increased from 134 thousand to 147 thousand and the carrying amount increased from ¥191 million to ¥199 million. - FY2024RaisedAnnual report
「At the 212th Annual General Meeting of Shareholders held on 21 June 2024 and the 825th Board of Directors meeting held on the same date, resolutions were passed to partially revise the plan by adding non-financial indicators to the performance evaluation metrics and changing the timing of delivery of the Bank's shares and other benefits to the time when an individual has retired from both the position of director and the position of executive officer.」
Resolved to revise the BIP trust by expanding its eligible participants from directors to executive officers and adding non-financial indicators to performance evaluation. - FY2023Decrease in shares held by the trust and their carrying amountAnnual report
「At the end of the current consolidated fiscal year, the Bank's shares held by the executive compensation BIP trust were recorded as treasury shares in net assets on the consolidated balance sheet at their carrying amount in the trust, excluding incidental costs. The amount recorded was ¥191 million and the number of shares was 134,940.」
Continues the BIP trust system, while trust-held shares decreased from 149 thousand at the previous fiscal year-end to 134,940 and the carrying amount decreased from ¥212 million to ¥191 million. - FY2023-Q3Decrease in shares held by the trust and their carrying amountAnnual report
「At the end of the third quarter of the current consolidated accounting period, the carrying amount in the trust was ¥191 million (¥212 million at the end of the previous consolidated fiscal year). The number of the Company's shares held by the trust at the end of the third quarter was 134 thousand (149 thousand at the end of the previous consolidated fiscal year).」
Continues the executive compensation BIP trust, while trust-held shares decreased from 149 thousand at the previous fiscal year-end to 134 thousand and the carrying amount decreased from ¥212 million to ¥191 million. - FY2023-Q2Decrease in shares held by the trust and their carrying amountAnnual report
「At the end of the current interim consolidated accounting period, the carrying amount in the trust was ¥191 million (¥212 million at the end of the previous consolidated fiscal year). The number of the Company's shares held by the trust at the end of the interim period was 134 thousand (149 thousand at the end of the previous consolidated fiscal year).」
Continues the executive compensation BIP trust, while trust-held shares decreased from 149 thousand to 134 thousand and the carrying amount decreased from ¥212 million to ¥191 million. - FY2023-Q1Decrease in shares held by the trust and their carrying amountAnnual report
「At the end of the first quarter of the current consolidated accounting period, the carrying amount in the trust was ¥205 million (¥212 million at the end of the previous consolidated fiscal year). The number of the Company's shares held by the trust at the end of the first quarter was 145 thousand (149 thousand at the end of the previous consolidated fiscal year).」
Continues the BIP trust, while trust-held shares decreased from 149 thousand to 145 thousand and the carrying amount decreased from ¥212 million to ¥205 million. - FY2022-Q2AdvancedAnnual report
「At the end of the current interim consolidated accounting period, the carrying amount in the trust was ¥212 million (¥149 million at the end of the previous consolidated fiscal year). The number of the Company's shares held by the trust at the end of the interim period was 149 thousand (70 thousand at the end of the previous consolidated fiscal year).」
Continues the executive compensation BIP trust, while trust-held shares increased from 70 thousand to 149 thousand and the carrying amount increased from ¥149 million to ¥212 million. - FY2022-Q1Decrease in shares held by the trust and their carrying amountAnnual report
「At the end of the first quarter of the current consolidated accounting period, the carrying amount in the trust was ¥146 million (¥149 million at the end of the previous consolidated fiscal year). The number of the Company's shares held by the trust at the end of the first quarter was 68 thousand (70 thousand at the end of the previous consolidated fiscal year).」
Continues the executive compensation BIP trust, while trust-held shares decreased from 70 thousand to 68 thousand and the carrying amount decreased from ¥149 million to ¥146 million. - FY2021RaisedAnnual report
「Following an amendment to the trust agreement in June 2021, the trust period is scheduled to be extended through 31 August 2026, and the total number of shares scheduled to be acquired for directors is scheduled to be changed to 152,770.」
For the executive compensation BIP trust, indicated plans to extend the trust period through August 2026 and increase the total number of shares scheduled for acquisition from 88,500 to 152,770 as the system continues. - FY2021-Q3Decrease in shares held by the trust and their carrying amountAnnual report
「At the end of the third quarter of the current consolidated accounting period, the carrying amount in the trust was ¥149 million (¥181 million at the end of the previous consolidated fiscal year). The number of the Company's shares held by the trust at the end of the third quarter was 70 thousand (85 thousand at the end of the previous consolidated fiscal year).」
Continues the BIP trust, while trust-held shares decreased from 85 thousand at the previous fiscal year-end to 70 thousand and the carrying amount decreased from ¥181 million to ¥149 million. - FY2021-Q2Decrease in shares held by the trust and their carrying amountAnnual report
「At the end of the current interim consolidated accounting period, the carrying amount in the trust was ¥153 million (¥181 million at the end of the previous consolidated fiscal year). The number of the Company's shares held by the trust at the end of the interim period was 72 thousand (85 thousand at the end of the previous consolidated fiscal year).」
Continues the executive compensation BIP trust, while trust-held shares decreased from 85 thousand to 72 thousand and the carrying amount decreased from ¥181 million to ¥153 million. - FY2021-Q1Decline in shares held by the trustAnnual report
「At the end of the first quarter of the current consolidated accounting period, the carrying amount in the trust was ¥172 million (¥181 million at the end of the previous consolidated fiscal year). The number of the Company's shares held by the trust at the end of the first quarter was 81 thousand (85 thousand at the end of the previous consolidated fiscal year).」
Continues the executive compensation BIP trust, while trust-held shares decreased from 85 thousand to 81 thousand and the carrying amount decreased from ¥181 million to ¥172 million. - FY2020Decline in shares held by the trustAnnual report
「At the end of the current consolidated fiscal year, the Bank's shares held by the executive compensation BIP trust were recorded as treasury shares in net assets on the consolidated balance sheet at their carrying amount in the trust, excluding incidental costs. The amount recorded was ¥181 million and the number of shares was 85,620.」
Continues the purpose and performance-linked structure of the BIP trust, with year-end trust-held shares of 85,620 and a carrying amount of ¥181 million. - FY2020-Q3RestatedAnnual report
「The Bank introduced an executive compensation BIP (Board Incentive Plan) trust for directors, using a trust structure to deliver the Bank's shares and other benefits, with the aim of increasing awareness of contributing to sustained medium- to long-term performance improvement and growth in corporate value. The target for standalone adjusted core operating profit, which is the denominator used to calculate performance achievement and is set in the management plan at the beginning of the fiscal year under evaluation, is ¥5,017 million for the current fiscal year.」
Reconfirmed the purpose and structure of the executive compensation BIP trust and the ¥5,017 million target for standalone adjusted core operating profit used to calculate performance achievement for the current fiscal year. - FY2020-Q2Decline in shares held by the trustAnnual report
「The target for standalone adjusted core operating profit, which is the denominator used to calculate performance achievement and is set in the management plan at the beginning of the fiscal year under evaluation, is ¥5,017 million for the current fiscal year. …The carrying amount in the trust was ¥181 million (¥187 million at the end of the previous consolidated fiscal year). …The number of the Company's shares held by the trust at the end of the period was 85 thousand (88 thousand at the end of the previous consolidated fiscal year).」
The BIP trust's performance target was ¥5,017 million, while trust-held shares were 85 thousand and the carrying amount was ¥181 million, down from the previous fiscal year-end. - FY2020-Q1Update to the performance target and trust-held sharesAnnual report
「The target for standalone adjusted core operating profit, which is the denominator used to calculate performance achievement and is set in the management plan at the beginning of the fiscal year under evaluation, is ¥5,017 million for the current fiscal year.」
Disclosed a target of ¥5,017 million for standalone adjusted core operating profit for the current fiscal year, used to calculate performance achievement under the BIP trust. Trust-held shares were 87 thousand and the carrying amount was ¥185 million, down from the previous fiscal year-end. - FY2019-Q1RestatedAnnual report
「The target for standalone adjusted core operating profit, which is the denominator used to calculate performance achievement and is set in the management plan at the beginning of the fiscal year under evaluation, is ¥5,284 million for the current fiscal year.」
Disclosed a target of ¥5,284 million for standalone adjusted core operating profit for the current fiscal year, used to calculate performance achievement under the BIP trust. Trust-held shares were 88 thousand and the carrying amount was ¥187 million, unchanged from the previous fiscal year-end. - FY2018RestatedAnnual report
「At the end of the current consolidated fiscal year, the Bank's shares held by the executive compensation BIP trust were recorded as treasury shares in net assets on the consolidated balance sheet at their carrying amount in the trust, excluding incidental costs. The amount recorded was ¥187 million and the number of shares was 88,500.」
Continues to operate the performance-linked BIP trust, disclosing 88,500 trust-held shares and a carrying amount of ¥187 million at year-end. - FY2018-Q2RestatedAnnual report
「The Bank introduced an executive compensation BIP (Board Incentive Plan) trust for directors, using a trust structure to deliver the Bank's shares and other benefits, with the aim of increasing awareness of contributing to sustained medium- to long-term performance improvement and growth in corporate value.」
Continues to operate the BIP trust to encourage contributions to medium- to long-term performance improvement and growth in corporate value. Disclosed 442 thousand trust-held shares and a carrying amount of ¥187 million. - FY2018-Q1RestatedAnnual report
「The Bank introduced the executive compensation BIP trust from the second quarter of the previous consolidated fiscal year and records the Bank's shares held by the trust as treasury shares in its quarterly consolidated financial statements. These shares are included in treasury shares deducted in calculating the average number of shares outstanding during the period for the purposes of basic and diluted quarterly earnings per share. The average number of such treasury shares deducted during the first quarter of the current nine-month consolidated period was 449 thousand shares.」
Continues the operation and accounting treatment of the BIP trust, disclosing an average of 449 thousand trust-held shares during the period deducted in calculating earnings per share. - FY2017RestatedAnnual report
「The Bank introduced the executive compensation BIP trust from the current consolidated fiscal year. Upon retirement from the position of director, the trust delivers a number of the Bank's shares equal to 70% of accumulated points, while cash corresponding to the proceeds from the sale of the remaining shares within the trust is paid by the trust. At the end of the current consolidated fiscal year, the executive compensation BIP trust held 450,000 shares of the Bank.」
Confirmed the operation of the BIP trust system linked to achievement of performance targets and position, and disclosed year-end holdings of 450,000 shares. - FY2017-Q3AdvancedAnnual report
「At the end of the third quarter of the current consolidated accounting period, the Bank's shares held by the executive compensation BIP trust were recorded as treasury shares in net assets on the quarterly consolidated balance sheet at their carrying amount in the trust, excluding incidental costs. The amount recorded was ¥190 million and the number of shares was 450,000. The estimated amount of executive compensation expense to be recognized for the nine-month period was also recorded as a share-based compensation provision.」
For the executive compensation BIP trust introduced in the second quarter, disclosed actual holdings of 450,000 shares and a recorded amount of ¥190 million at the end of the third quarter, and recorded a share-based compensation provision. - FY2017-Q2First statedAnnual report
「Beginning in the interim consolidated accounting period, the bank introduced an “Executive Compensation BIP Trust.” Based on U.S. performance share and restricted stock plans, this executive incentive plan provides directors, upon retirement, with bank shares and cash equivalent to the proceeds from the sale of bank shares, according to the achievement of performance targets and their positions. Under the share delivery rules, directors are subsequently awarded points based on performance achievement and position for each fiscal year. Upon retirement, the trust delivers bank shares equivalent to 70% of accumulated points and pays cash equivalent to the proceeds from the sale of the remaining shares within the trust.」
The bank introduced an executive incentive plan during FY2016 under which points are awarded based on performance-target achievement and position, with shares equivalent to 70% of accumulated points delivered upon retirement.