Share repurchases through the Board Benefit Trust (BBT)
First written in FY2017-Q2. 4 of 9 entries say "Restated". Latest entry: FY2026.
42 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Disposal of treasury shares to the stock benefit trust: 36,895」
During the period, 4,900 shares were distributed from the shares held by BBT, leaving the trust with 158,900 shares at the end of the fiscal year. - FY2025AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors dated 3 February 2025, the Company made an additional contribution of the funds specified in ⑤ below to the trust as the funds required for the applicable period (the "Additional Trust Contribution ①"). Shortly thereafter, the trust acquired 62,100 shares.」
For BBT, ¥111.635 million was contributed to the trust, which acquired 62,100 shares from February to March 2025. - FY2024AdvancedAnnual report
「Disposal of treasury shares to the stock benefit trust: 36,895」
During the consolidated fiscal year, the Company disposed of treasury shares to the stock benefit trust (BBT), reducing the number of treasury shares by 29,000 through distributions from BBT. The trust held 101,700 shares at the end of the fiscal year. - FY2022RestatedAnnual report
「To clarify the linkage between compensation for the Company's directors and executive officers, and directors of its subsidiaries (excluding outside directors and subsidiary directors who also serve as employees of the Company), and the Company's performance and share value,」
BBT continues as an executive compensation plan linked to performance and share value. - FY2021RestatedAnnual report
「The plan is a performance-linked share-based compensation plan under which the trust acquires company shares using funds contributed by the company, and distributes company shares and cash equivalent to the value of those shares at market price on the date of retirement, through the trust, to the company's directors, excluding directors who serve as Audit and Supervisory Committee members and outside directors, and its executive officers, in accordance with the company's rules governing the provision of shares to directors and executive officers.」
The BBT plan continues as a performance-linked stock compensation plan with a limited scope of eligible participants. - FY2018SoftenedAnnual report
「At a meeting of the Board of Directors held on 11 May 2018, the company decided to partially revise the plan and resolved to exclude directors of its subsidiaries, other than outside directors and those who also serve as employees of the company, from the plan.」
The company decided to revise the BBT by limiting its coverage to the company's directors and executive officers and excluding certain subsidiary directors. - FY2017RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 29 June 2016, the company introduced the Board Benefit Trust (BBT) on 16 August 2016 as a new performance-linked share-based compensation plan for directors and executive officers. The plan is intended to clarify the link between compensation for directors and executive officers and the company's performance and share value, and to heighten their awareness of contributing to improved performance over the medium to long term and increased corporate value by having them share with shareholders not only the benefits of a rising share price but also the risk of a falling share price. The plan applies to the company's directors and executive officers and to directors of the company's subsidiaries, excluding outside directors and subsidiary directors who also serve as employees of the company. These individuals are referred to below as "directors and other officers."」
The company also explains the BBT in detail in its annual report as a compensation plan for directors and executive officers linked to performance and share value. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the company acquired 134,300 treasury shares under the trust agreement for the Board Benefit Trust (BBT).」
The acquisition of 134,300 treasury shares under the Board Benefit Trust (BBT) is restated in the notes on shareholders' equity and other items. - FY2017-Q2First statedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the company acquired 134,300 treasury shares under the trust agreement for the Board Benefit Trust (BBT).」
The company states that it acquired 134,300 treasury shares under the trust agreement for the Board Benefit Trust (BBT), increasing the amount of treasury share acquisitions by ¥170.866 million.