Enhancing Performance and Corporate Value over the Medium to Long Term through a Performance-Linked Share-Based Compensation Scheme
First written in FY2017-Q2. 10 of 24 entries say "Restated". Latest entry: FY2026.
26 other companies' latest entry also says "Other".
- FY2026Decrease in the number and carrying amount of shares scheduled for acquisition under BBTAnnual report
「(b) Total number and carrying amount of shares scheduled to be acquired by officers (as of the date of submission of the annual securities report): 261,700 shares, ¥62 million」
Shares scheduled to be acquired by officers under BBT totaled 261,700, with a carrying amount of ¥62 million, down from 289,600 shares and ¥69 million in the previous fiscal year. - FY2025Decrease in shares held by the BBT trust and update of performance indicator resultsAnnual report
「(b) Total number and carrying amount of shares scheduled to be acquired by officers (as of the date of submission of the annual securities report): 289,600 shares, ¥69 million」
Shares scheduled to be acquired under BBT totaled 289,600, with a carrying amount of ¥69 million, down from 312 thousand shares at the end of the previous fiscal year. Results for the stock compensation indicators were ROE of 4.6% and an SG&A expense coverage ratio of 41.8%. - FY2025-H1Decrease in shares held by the BBT trustAnnual report
「Shares held by the trust are presented as treasury shares in the net assets section of the balance sheet at their carrying amount in the trust. The carrying amount and number of these treasury shares were ¥74 million and 312 thousand shares, respectively, at the end of the previous fiscal year, and ¥69 million and 289 thousand shares, respectively, at the end of the interim accounting period.」
Shares held by the trust under the performance-linked stock compensation plan (BBT) declined from 312 thousand at the end of the previous fiscal year to 289 thousand at the end of the interim accounting period. There were no changes to the purpose of the plan or the substantive content of its compensation limits. - FY2024AdvancedAnnual report
「Targets and results for the indicators related to stock compensation are as follows: Indicator; Target; Result. ROE: at least 5.0% each fiscal year; 5.6%. SG&A expense coverage ratio: at least 33.0% (fiscal 2024); 34.4%.」
For the performance-linked indicators of the executive stock benefit trust, the Company disclosed an ROE result of 5.6% and an SG&A expense coverage ratio of 34.4%, both exceeding their corresponding targets. - FY2024-Q3RestatedAnnual report
「Shares held by the trust are presented as treasury shares in the net assets section of the balance sheet at their carrying amount in the trust. The carrying amount and number of these treasury shares were ¥74 million and 312 thousand shares, respectively, at both the end of the previous fiscal year and the end of the third quarter accounting period.」
The purpose and structure of the executive stock benefit trust (BBT), as well as the number of shares held by the trust, remain unchanged from the end of the previous fiscal year. No material changes to the plan are disclosed. - FY2024-Q2RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥74 million and 312 thousand shares, respectively, at both the end of the previous fiscal year and the end of the second quarter accounting period.」
Shares held by the executive stock benefit trust (BBT) totaled 312 thousand, unchanged from the end of the previous fiscal year. No material changes to the purpose or structure of the plan are disclosed. - FY2023Update of performance-linked indicator resultsAnnual report
「Targets and results for the indicators related to stock compensation are as follows: Indicator; Target; Result. ROE: at least 5.0% each fiscal year; 2.0%. SG&A expense coverage ratio: at least 33.0% (fiscal 2024); 29.7%.」
For the performance-linked indicators of the executive stock benefit trust (BBT), the Company disclosed results for the fiscal year ended March 2023 against the targets of the Sixth Medium-Term Management Plan. Both ROE and the SG&A expense coverage ratio fell short of their targets. - FY2023-Q3Decrease in shares held in trustAnnual report
「The carrying amount and number of these treasury shares were ¥76 million and 319 thousand shares, respectively, at the end of the previous fiscal year, and ¥74 million and 312 thousand shares, respectively, at the end of the third quarter accounting period.」
Shares held by the executive stock benefit trust (BBT) declined from 319 thousand shares at the end of the previous fiscal year to 312 thousand shares. No changes to the purpose or structure of the plan itself are disclosed. - FY2023-Q2Decrease in shares held in trustAnnual report
「The carrying amount and number of these treasury shares were ¥76 million and 319 thousand shares, respectively, at the end of the previous fiscal year, and ¥74 million and 312 thousand shares, respectively, at the end of the second quarter accounting period.」
Shares held by the executive stock benefit trust (BBT) declined from 319 thousand shares at the end of the previous fiscal year to 312 thousand shares. No changes to the purpose or structure of the plan itself are disclosed. - FY2023-Q1ReframedAnnual report
「In connection with the transition to a company with an Audit and Supervisory Committee approved at the 77th ordinary general meeting of shareholders held on 24 June 2022, the compensation limits under the Plan approved by resolution of the 76th ordinary general meeting of shareholders were abolished, and compensation limits under the Plan for the Company's directors were approved. The substantive content of the compensation limits under the Plan is identical to that approved by resolution of the 76th ordinary general meeting of shareholders.」
In connection with the transition to a company with an Audit and Supervisory Committee, the previous compensation limits were abolished and compensation limits for directors were approved. The substantive content of the compensation limits is identical to that under the previous resolution. - FY2022Disclosure of performance indicator targets and resultsAnnual report
「Targets and results for the indicators related to stock compensation are as follows: Indicator; Target; Result. ROE: 6.0%; 3.52%. SG&A expense coverage ratio: 30.0%; 30.0%. Assets under custody in fund wraps: ¥140.0 billion; ¥124.4 billion.」
For BBT's performance-linked indicators, the Company disclosed targets and results for ROE, the SG&A expense coverage ratio and assets under custody in fund wraps. ROE and assets under custody in fund wraps fell short of their targets, while the SG&A expense coverage ratio met its target. - FY2022-Q2RestatedAnnual report
「Shares held by the trust are presented as treasury shares in the net assets section of the balance sheet at their carrying amount in the trust. The carrying amount and number of these treasury shares were ¥76 million and 319 thousand shares, respectively, at both the end of the previous fiscal year and the end of the second quarter accounting period.」
The disclosure continues to describe the purpose and structure of the executive stock benefit trust (BBT) and the status of shares held by the trust. The number of shares held has remained unchanged at 319 thousand from the end of the previous fiscal year. - FY2021Resetting the compensation limits and disclosing performance indicator resultsAnnual report
「In addition, following approval at the 76th ordinary general meeting of shareholders held on 24 June 2021, the compensation limits under the Plan were reset. The purpose was to clarify the linkage between directors' compensation and share value and to heighten their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
For the executive stock benefit trust (BBT), the compensation limits were reset based on approval at the shareholders' meeting held in June 2021. ROE, assets under custody in fund wraps and the SG&A expense coverage ratio were used as plan indicators, with results of 6.2%, ¥113.2 billion and 24.0%, respectively, disclosed. - FY2021-Q2Decrease in shares held in trustAnnual report
「The carrying amount and number of these treasury shares were ¥79 million and 331 thousand shares, respectively, at the end of the previous fiscal year, and ¥76 million and 319 thousand shares, respectively, at the end of the second quarter accounting period.」
Shares held by the executive stock benefit trust (BBT) declined from 331 thousand shares at the end of the previous fiscal year to 319 thousand shares at the end of the second quarter accounting period. No changes to the purpose or structure of the plan itself are disclosed. - FY2020-Q3RestatedAnnual report
「The purpose of the plan is to clarify the linkage between directors' compensation and share value and to heighten their awareness of contributing to improved medium- to long-term performance and increased corporate value. Under this performance-linked stock compensation plan, the Company's shares are acquired through a trust using funds contributed by the Company, and the trust delivers the Company's shares and cash equivalent to the market value of the Company's shares to directors in accordance with the executive stock benefit rules established by the Board of Directors. In principle, the Company's shares or equivalent cash (collectively, the "Company's shares, etc.") are delivered when a director retires.」
The disclosure continues to describe the purpose of BBT, the mechanism for delivering shares through the trust and the condition that benefits are provided, in principle, upon retirement. Shares held by the trust totaled 331 thousand at both the end of the previous fiscal year and the end of the third quarter accounting period. - FY2020-Q1RestatedAnnual report
「Under this performance-linked stock compensation plan, the Company's shares are acquired through a trust using funds contributed by the Company, and the trust delivers the Company's shares and cash equivalent to the market value of the Company's shares to directors in accordance with the executive stock benefit rules established by the Board of Directors. In principle, the Company's shares or equivalent cash are delivered when a director retires.」
The disclosure continues to describe the purpose of BBT, the mechanism for delivering shares through the trust and the condition that benefits are provided, in principle, upon retirement. Shares held by the trust totaled 331 thousand at both the end of the previous fiscal year and the end of the first quarter accounting period. - FY2019RestatedAnnual report
「Under this performance-linked stock compensation plan, the Company's shares are acquired through a trust using funds contributed by the Company, and the trust delivers the Company's shares and cash equivalent to the market value of the Company's shares to directors in accordance with the executive stock benefit rules established by the Board of Directors. In principle, the Company's shares or equivalent cash are delivered when a director retires.」
The disclosure continues to describe the purpose of BBT, the mechanism for delivering shares through the trust and the condition that benefits are provided upon retirement. - FY2019-Q2Decrease in shares held in trustAnnual report
「Shares held by the trust are presented as treasury shares in the net assets section of the balance sheet at their carrying amount in the trust. The carrying amount and number of these treasury shares were ¥79 million and 333 thousand shares, respectively, at the end of the previous fiscal year, and ¥79 million and 331 thousand shares, respectively, at the end of the second quarter accounting period.」
Shares held by the executive stock benefit trust (BBT) declined from 333 thousand shares at the end of the previous fiscal year to 331 thousand shares at the end of the second quarter accounting period. No changes to the purpose or structure of the plan itself are indicated. - FY2019-Q1RestatedAnnual report
「The purpose of the plan is to clarify the linkage between directors' compensation and share value and to heighten their awareness of contributing to improved medium- to long-term performance and increased corporate value. Under this performance-linked stock compensation plan, the Company's shares are acquired through a trust using funds contributed by the Company, and the trust delivers the Company's shares and cash equivalent to the market value of the Company's shares to directors in accordance with the executive stock benefit rules established by the Board of Directors. In principle, the Company's shares or equivalent cash (collectively, the "Company's shares, etc.") are delivered when a director retires.」
The disclosure continues to describe the purpose of the executive stock benefit trust (BBT), the mechanism for delivering shares through the trust and the condition that benefits are provided, in principle, upon retirement. - FY2018-Q3RestatedAnnual report
「Following approval at the 71st ordinary general meeting of shareholders held on 24 June 2016, the Company introduced the performance-linked stock compensation plan, the Stock Benefit Trust (the "Plan"), for directors (excluding outside directors; the same applies below).」
The disclosure continues to describe the implementation of the performance-linked stock compensation plan for directors, with no new changes to the plan indicated. - FY2018-Q2RestatedAnnual report
「Following approval at the 71st ordinary general meeting of shareholders held on 24 June 2016, the Company introduced the performance-linked stock compensation plan, the Stock Benefit Trust (the "Plan"), for directors (excluding outside directors; the same applies below).」
The disclosure continues to describe the implementation of the performance-linked stock compensation plan for directors, with no new changes to the plan indicated. - FY2018-Q1RestatedAnnual report
「Following approval at the 71st ordinary general meeting of shareholders held on 24 June 2016, the Company introduced the performance-linked stock compensation plan, the Stock Benefit Trust (the "Plan"), for directors (excluding outside directors; the same applies below).」
The disclosure continues to describe the operation of the performance-linked stock compensation plan for directors following its introduction. No new plan changes or additional milestones are disclosed. - FY2017AdvancedAnnual report
「Following approval at the 71st ordinary general meeting of shareholders held on 24 June 2016, the Company introduced the performance-linked stock compensation plan, the Stock Benefit Trust (the "Plan"), for directors (excluding outside directors; the same applies below).」
The disclosure states that, following the introduction of BBT, the Company contributed ¥80 million on 23 August 2016 and Trust E acquired 333,800 Company shares. It also states that the compensation policy links stock compensation to the achievement of medium- to long-term management indicators and other targets. - FY2017-Q2First statedAnnual report
「The purpose of the plan is to clarify the linkage between directors' compensation and share value and to heighten their awareness of contributing to improved medium- to long-term performance and increased corporate value. Under this performance-linked stock compensation plan, the Company's shares are acquired through a trust using funds contributed by the Company, and the trust delivers the Company's shares and cash equivalent to the market value of the Company's shares to directors in accordance with the executive stock benefit rules established by the Board of Directors. In principle, the Company's shares or equivalent cash (collectively, the "Company's shares, etc.") are delivered when a director retires.」
Following approval at the ordinary general meeting of shareholders held on 24 June 2016, the Company introduced the performance-linked stock compensation plan for directors, the Stock Benefit Trust (BBT).