Introduction of Performance-Linked Share-Based Compensation Plans and Share Delivery Trusts
First written in FY2017. 4 of 14 entries say "Restated". Latest entry: FY2026.
77 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「At a meeting of the Board of Directors held on 23 May 2025, we resolved to introduce the Stock Delivery Trust (J-ESOP-RS), an incentive plan under which shares of the Company are delivered to certain employees in management positions. Amount to be placed in trust for the acquisition of shares: ¥122,000,000 Maximum number of shares to be acquired: 120,150 shares」
J-ESOP-RS was introduced for management-level employees, with ¥122 million placed in trust in June 2025 and a maximum acquisition limit of 120,150 shares. The scope of the plan was expanded from BBT-RS for directors and executive officers to employees, institutionalizing the sharing of shareholders' perspective. - FY2026-H1ReframedAnnual report
「From the current interim consolidated accounting period, we have introduced the Stock Delivery Trust (J-ESOP-RS), an incentive plan under which shares of the Company are delivered to certain employees in management positions, hereinafter, eligible employees. We grant eligible employees points based on the Company's performance and other factors, and when they acquire the right to receive benefits subject to certain conditions, we deliver Company shares or other assets equivalent to the points granted.」
In addition to the BBT-RS for directors and executive officers, the Company introduced J-ESOP-RS for certain employees in management positions from the current interim consolidated accounting period, expanding the scope of the plan to include the granting of points and delivery of shares based on performance and other factors. - FY2024-Q2Continued decline in shares held in the BBT trustAnnual report
「The Company's shares owned by Japan Custody Bank, Ltd. under the Company's Stock Delivery Trust (BBT) are included, totaling 341,660 shares.」
The Company's shares held by the BBT totaled 341,660, down from 351,060 shares in the previous quarter. - FY2024-Q1Decrease in shares held by the BBT trustAnnual report
「The number of shares includes 351,060 shares of the Company owned by Japan Custody Bank, Ltd. under the Company's Stock Delivery Trust (BBT).」
The Company's shares owned by the BBT are stated as totaling 351,060, down from the number of shares held stated for the previous fiscal year. - FY2023ReframedAnnual report
「In connection with our transition to a company with an Audit and Supervisory Committee, at a meeting of the Board of Directors held on 6 May 2022, we resolved to abolish the compensation limit under this plan for the current directors, excluding outside directors, and other eligible officers, and to establish a new compensation limit under the plan for directors, excluding directors who are Audit and Supervisory Committee members and outside directors, collectively, directors, and other eligible officers.」
In connection with the transition to a company with an Audit and Supervisory Committee, the scope of BBT eligibility and the compensation limit were reset, and the ratio of fixed compensation to performance-linked compensation was also reviewed according to role. - FY2023-Q2Continued decline in shares held in the BBT trustAnnual report
「The Company's shares owned by Japan Custody Bank, Ltd. under the Company's Stock Delivery Trust (BBT) are included, totaling 1,862,600 shares.」
The Company's shares held by the BBT totaled 1,862,600, down from 2,424 thousand shares at the end of the previous fiscal year and 2,279,700 shares in the first quarter. - FY2023-Q1Decrease in shares held by the BBT trustAnnual report
「The Company's shares owned by Japan Custody Bank, Ltd. under the Company's Stock Delivery Trust (BBT) are included, totaling 2,279,700 shares.」
The Company's shares owned by the BBT totaled 2,279,700, down from 2,424 thousand shares in the previous fiscal year. - FY2021AdvancedAnnual report
「The number of common shares held as treasury shares includes 2,424 thousand shares of the Company owned by its Stock Delivery Trust (BBT).」
The shares held in trust under the BBT performance-linked stock compensation plan totaled 2,424 thousand, indicating the results of its operation and additional acquisitions. - FY2020RestatedAnnual report
「The Company aims to clarify the linkage between the compensation of directors, excluding outside directors, and executive officers and the Company's performance and share value, and to raise awareness of the need to contribute to medium- to long-term improvements in performance and increases in corporate value by having directors and executive officers share with shareholders not only the benefits of a rising share price but also the risk of a decline.」
The Company continues to operate the BBT performance- and share value-linked executive compensation plan. - FY2019-Q2RestatedAnnual report
「The number of shares includes 1,452,500 shares of the Company owned by Trust & Custody Services Bank, Ltd. under the Company's Stock Delivery Trust (BBT).」
The Company continues to disclose the introduction and operation of the BBT performance-linked stock compensation plan. - FY2019-Q1RestatedAnnual report
「We introduced the new performance-linked stock compensation plan, the Stock Delivery Trust (BBT), from the previous second quarter cumulative consolidated period.」
The Company continues to disclose the introduction of the Stock Delivery Trust (BBT), which is intended to link compensation to business performance and share value. - FY2018-Q3RestatedAnnual report
「We have introduced a new performance-linked stock compensation plan, the Stock Delivery Trust (BBT (Board Benefit Trust)), from the second quarter cumulative consolidated period, to clarify the linkage between the compensation of directors, excluding outside directors, and executive officers, collectively, directors and executive officers, and the Company's performance and share value. The plan is intended to raise awareness of the need to contribute to medium- to long-term improvements in performance and increases in corporate value by having directors and executive officers share with shareholders not only the benefits of a rising share price but also the risk of a decline. At the end of the third quarter consolidated accounting period, the treasury shares had a carrying amount of ¥269 million and totaled 1,472 thousand shares.」
The Company continues to disclose the introduction of the performance-linked stock compensation plan and the recording of 1,472 thousand shares held in trust with a carrying amount of ¥269 million. - FY2018-Q2AdvancedAnnual report
「We have introduced a new performance-linked stock compensation plan, the Stock Delivery Trust (BBT (Board Benefit Trust)), to clarify the linkage between the compensation of directors, excluding outside directors, and executive officers, collectively, directors and executive officers, and the Company's performance and share value. The plan is intended to raise awareness of the need to contribute to medium- to long-term improvements in performance and increases in corporate value by having directors and executive officers share with shareholders not only the benefits of a rising share price but also the risk of a decline.」
The performance-linked stock compensation plan has been implemented, and at the end of the second quarter, 1,472 thousand shares held in trust and a carrying amount of ¥269 million were recorded. - FY2017First statedAnnual report
「At a meeting of the Board of Directors held on 11 May 2017, we resolved to introduce a new performance-linked stock compensation plan, the Stock Delivery Trust (BBT (Board Benefit Trust)), and submitted a proposal concerning the plan to the 57th Annual General Meeting of Shareholders held on 27 June 2017, where it was approved.」
A stock delivery trust was introduced to clarify the linkage between executive compensation, business performance, and share value. For the initial eligibility period, the contribution limit was ¥400 million, the maximum number of shares to be acquired was 1.68 million, and the payout rate was 0% to 150%.