Risk of guarantee obligations if the share price of shares acquired by E-Ship Trust declines
First written in FY2017-Q2. 5 of 7 entries say "Restated". Latest entry: FY2022.
31 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「The trust was terminated in June 2021.」
The E-Ship Trust was terminated, and no borrowings remained outstanding at the time of termination. The disclosure states that termination of the plan reduced the risk that the Company would guarantee and repay outstanding borrowings if the share price declined. - FY2021RestatedAnnual report
「Because the Company guarantees borrowings incurred by the E-Ship Trust to acquire the Company’s shares, a decline in the Company’s share price would cause losses equivalent to losses on the sale of shares to accumulate within the E-Ship Trust. If, at the time the trust is terminated, the E-Ship Trust has outstanding borrowings equivalent to those losses on the sale of shares, the Company will repay the outstanding balance under the guarantee agreement.」
The Company continues to disclose the risk of guaranteeing and repaying the E-Ship Trust’s outstanding borrowings if its share price declines. - FY2019RestatedAnnual report
「Because the Company guarantees borrowings incurred by the E-Ship Trust to acquire the Company’s shares, a decline in the Company’s share price would cause losses equivalent to losses on the sale of shares to accumulate within the E-Ship Trust. If, at the time the trust is terminated, the E-Ship Trust has outstanding borrowings equivalent to those losses on the sale of shares, the Company will repay the outstanding balance under the guarantee agreement.」
The Company continues to disclose the possibility of repaying the E-Ship Trust’s outstanding borrowings if the share price declines. - FY2018RestatedAnnual report
「Because the Company guarantees borrowings incurred by the E-Ship Trust to acquire the Company’s shares, a decline in the Company’s share price would cause losses equivalent to losses on the sale of shares to accumulate within the E-Ship Trust. If, at the time the trust is terminated, the E-Ship Trust has outstanding borrowings equivalent to those losses on the sale of shares, the Company will repay the outstanding balance under the guarantee agreement.」
The Company continues to disclose the risk of guaranteeing and repaying outstanding borrowings of the E-Ship Trust if its share price declines. - FY2017RestatedAnnual report
「Because the Company guarantees borrowings incurred by the E-Ship Trust to acquire the Company’s shares, a decline in the Company’s share price would cause losses equivalent to losses on the sale of shares to accumulate within the E-Ship Trust. If, at the time the trust is terminated, the E-Ship Trust has outstanding borrowings equivalent to those losses on the sale of shares, the Company will repay the outstanding balance under the guarantee agreement.」
The Company continues to disclose the repayment risk associated with the E-Ship Trust’s guaranteed borrowings if the share price declines and borrowings remain outstanding when the trust is terminated. - FY2017-Q3RestatedAnnual report
「Because the Company guarantees borrowings incurred by the E-Ship Trust to acquire the Company’s shares, a decline in the Company’s share price would cause losses equivalent to losses on the sale of shares to accumulate within the E-Ship Trust. If, at the time the trust is terminated, the E-Ship Trust has outstanding borrowings equivalent to those losses on the sale of shares, the Company will repay the outstanding balance under the guarantee agreement.」
The Company continues to disclose the guarantee obligation risk associated with a decline in the E-Ship Trust’s share price. - FY2017-Q2First statedAnnual report
「Because the Company guarantees borrowings incurred by the E-Ship Trust to acquire the Company’s shares, a decline in the Company’s share price would cause losses equivalent to losses on the sale of shares to accumulate within the E-Ship Trust. If, at the time the trust is terminated, the E-Ship Trust has outstanding borrowings equivalent to those losses on the sale of shares, the Company will repay the outstanding balance under the guarantee agreement.」
The Company discloses the possibility that it may repay borrowings guaranteed in connection with the employee shareholding plan if the share price declines and borrowings remain outstanding when the trust is terminated.