Sapporo Holdings Limited
Notice of Partial Revision of Stock-Based Benefit Trust (BBT)
The proposed amendment to the Stock-Based Benefit Trust (BBT) system, scheduled for the shareholders meeting on March 27, 2026, will change the upper limit of grant points to 650,000 points per fiscal year and abolish the cap on the trust amount.
Key Figures
- Grant point ceiling: 650,000 points per fiscal year
- Trust amount cap: Abolished
- Stock split: Five shares per one common share (effective January 1, 2026)
AI要約
Overview of the Partial Revision to the Stock-Based Benefit Trust (BBT) System
The Company has resolved a proposal for partial revision of the Stock-Based Benefit Trust (BBT) system, to be submitted at the 102nd Annual General Meeting of Shareholders scheduled for March 27, 2026. The revision involves changing eligible participants to the Company’s directors (excluding audit and supervisory committee members), delegated executive officers, and certain subsidiary directors due to transition to a business holding company structure. The upper limit on the monetary contributions to the trust will be abolished, and the grant point ceiling will be raised to 650,000 points per fiscal year (150,000 points for directors, 500,000 points for delegated executive officers and specific subsidiary directors). The grant points reflect the stock split (1 share to 5 shares).
Impact on Shareholders and Future Measures
This system aims to encourage medium- to long-term performance improvement and corporate value enhancement by aligning risks of share price fluctuations with shareholders. Residual shares and cash within the trust assets will be allocated as future benefit sources, and any additional contributions will be disclosed timely. Upon approval at the shareholders meeting, the revision will be implemented, and stock-based benefits will be granted to officers. Dividends received within the trust are applied toward acquisition costs and trust fees.
