Introduction of the Performance-Linked Stock Compensation Plan (BBT)
First written in FY2019. 3 of 9 entries say "Restated". Latest entry: FY2026.
26 other companies' latest entry also says "Other".
- FY2026Decrease in shares held by the BBT-RS trust accountAnnual report
「The company's shares remaining in the trust account are recorded as treasury shares under net assets at their carrying value in the trust account, excluding incidental costs. At the end of the consolidated fiscal year, the carrying value of these treasury shares was ¥1,699 million and the number of shares was 1,044 thousand.」
Following the transition to BBT-RS, shares held in the trust account decreased from 1,248 thousand at the end of the previous fiscal year to 1,044 thousand. - FY2026-H1Increase in shares held in the BBT-RS trust accountAnnual report
「The company and its subsidiary Chubu Electric Power Miraiz Co., Ltd. have introduced the Share Delivery Trust (BBT-RS) share compensation plan. In calculating interim net income per share, net income per share, diluted interim net income per share and diluted net income per share, the company's shares held by the trust account under the Share Delivery Trust (BBT-RS), 386 thousand shares in the previous interim consolidated accounting period and 1,146 thousand shares in the current interim consolidated accounting period, are included in treasury shares deducted in calculating the average number of common shares outstanding during the period.」
BBT-RS continues to be applied, and the shares held in the trust account deducted in calculating earnings per share increased from 386 thousand in the same period of the previous year to 1,146 thousand. - FY2025ReframedAnnual report
「The company plans to amend the Share Delivery Trust (BBT) so that shares may be delivered not only after retirement but also during service, with transfer restrictions attached to shares delivered during service, changing it to the Share Delivery Trust (BBT-RS (Board Benefit Trust-Restricted Stock)), the new plan. A proposal concerning this amendment has been submitted to the 101st annual general meeting of shareholders scheduled for 26 June 2025.」
A proposal has been submitted to amend the conventional BBT, which provides benefits after retirement, into BBT-RS, combining benefits during service with transfer restrictions, thereby restructuring the share compensation plan. The maximum trust contribution for the eligible period is ¥2.8 billion and the maximum number of shares is 2.43 million. - FY2024-Q1RestatedAnnual report
「The company and its subsidiary Chubu Electric Power Miraiz Co., Ltd. have introduced the performance-linked share compensation plan, Share Delivery Trust (BBT). In calculating quarterly net income per share, net income per share, diluted quarterly net income per share and diluted net income per share, the company's shares held by the trust account under the Share Delivery Trust (BBT), 412 thousand shares in the previous first-quarter consolidated cumulative period and 386 thousand shares in the current first-quarter consolidated cumulative period, are included in treasury shares deducted in calculating the average number of common shares outstanding during the period.」
BBT continues to be applied, and the shares held in the trust account are deducted in calculating earnings per share. The trust account held 386 thousand shares during the current first-quarter cumulative period. - FY2021-Q2AdvancedAnnual report
「At a board meeting held on 8 May 2020, the company resolved to amend the plan to add as eligible participants executive officers who do not concurrently serve as directors of the company, and directors, executive officers with titles who do not concurrently serve as directors, and executive officers of Chubu Electric Power Miraiz Co., Inc., a subsidiary of the company, excluding outside directors. The eligible participants under the plan are collectively referred to below as directors and other eligible officers.」
The company resolved to amend the BBT performance-linked share compensation plan to add the company's executive officers and the directors and executive officers of Chubu Electric Power Miraiz as eligible participants, expanding the scope of eligibility. At the end of the current second quarter, the company's shares held in the trust account totaled 412 thousand, with a carrying value of ¥609 million. - FY2021-Q1RestatedAnnual report
「The company has introduced the performance-linked share compensation plan, Share Delivery Trust (BBT). In calculating quarterly net income per share for the 97th first-quarter consolidated cumulative period and net income per share for the 96th fiscal year, the company's shares held by the trust account under the Share Delivery Trust (BBT) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
BBT continues to be applied, and the shares held in the trust account are deducted in calculating earnings per share. - FY2020-Q3RestatedAnnual report
「The company's shares remaining in the trust account are recorded as treasury shares under net assets at their carrying value in the trust account, excluding incidental costs. At the end of the current third-quarter consolidated accounting period, the carrying value of these treasury shares was ¥419 million and the number of shares was 269 thousand.」
The company continues to disclose a carrying value of ¥419 million and 269 thousand shares held in the trust account under the performance-linked share compensation plan, BBT. - FY2020-Q2AdvancedAnnual report
「The company's shares remaining in the trust account are recorded as treasury shares under net assets at their carrying value in the trust account, excluding incidental costs. At the end of the current second-quarter consolidated accounting period, the carrying value of these treasury shares was ¥419 million and the number of shares was 269 thousand.」
For the BBT approved for introduction in June 2019, the company disclosed 269 thousand shares held in the trust account and a carrying value of ¥419 million at the end of the current second quarter, providing specific details on the plan's operation. - FY2019First statedAnnual report
「At the 95th annual general meeting of shareholders held on 26 June 2019, the company resolved to introduce a new performance-linked share compensation plan, the Share Delivery Trust (BBT (Board Benefit Trust)), for the company's directors, excluding outside directors, and executive officers with titles who do not concurrently serve as directors.」
BBT was introduced for directors and other eligible officers, with points awarded based on performance and shares or other benefits delivered after retirement. The eligible period covers the 3 fiscal years from the fiscal year ending March 2020 through the fiscal year ending March 2022, and contributions to the trust are capped at ¥600 million for each eligible period, including ¥400 million for directors.