Risk of guarantee obligations if the share price falls in relation to the E-Ship Trust
First written in FY2017-Q1. 10 of 16 entries say "Restated". Latest entry: FY2020.
3 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「The Trust-Type Employee Stock Ownership Incentive Plan (E-Ship®), introduced in June 2014, ended in June 2019.」
Following the termination of the E-Ship program, the guarantee liability risk if the share price declines under the program is not separately listed as a major risk for the current fiscal year. - FY2020-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing risks, including the guarantee liability risk related to the E-Ship trust if the share price declines. - FY2020-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing risks, including the guarantee liability risk related to the E-Ship trust if the share price declines. - FY2020-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing risks, including the guarantee liability risk related to the E-Ship trust if the share price declines. - FY2019RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
It continues to disclose the guarantee liability risk that the Company may repay the E-Ship trust's outstanding balance if the share price declines. The carrying amount of borrowings recognized under the gross method was zero in the current fiscal year. - FY2019-Q3RestatedAnnual report
「③ Carrying amount of borrowings recognized under the gross method: ¥113 million in the previous fiscal year, ¥0 million in the third quarter of the current fiscal year」
In connection with guarantee liabilities that the Company may bear if the E-Ship trust's share price declines, it discloses that the carrying amount of borrowings recognized under the gross method remains zero. - FY2019-Q2MitigatedAnnual report
「③ Carrying amount of borrowings recognized under the gross method: ¥113 million in the previous fiscal year, ¥0 million in the second quarter of the current fiscal year」
In connection with guarantee liabilities that the Company may bear if the E-Ship trust's share price declines, the carrying amount of borrowings recognized under the gross method decreased from ¥113 million to zero. - FY2019-Q1RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
It continues to disclose the guarantee liability risk that the Company may repay the outstanding balance if the E-Ship trust's share price declines. The carrying amount of borrowings recognized under the gross method was ¥113 million in the previous fiscal year and ¥113 million in the first quarter of the current fiscal year. - FY2018MitigatedAnnual report
「② Carrying amount of borrowings recognized under the gross method: ¥370 million in the previous fiscal year, ¥113 million in the current fiscal year」
In connection with guarantee liabilities that the Company may bear if the E-Ship trust's share price declines, the carrying amount of borrowings recognized under the gross method decreased from ¥370 million to ¥113 million. - FY2018-Q3RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
It continues to disclose the guarantee liability risk associated with the E-Ship trust if the share price declines. The carrying amount of borrowings recognized under the gross method was ¥370 million in the previous fiscal year and ¥201 million in the third quarter of the current fiscal year. - FY2018-Q2MitigatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement. The carrying amount of borrowings recognized under the gross method was ¥370 million in the previous fiscal year and ¥201 million in the second quarter of the current fiscal year」
Although the guarantee liability risk if the share price declines continues to be disclosed, the carrying amount of borrowings recognized under the gross method decreased from ¥370 million to ¥201 million. - FY2018-Q1RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
It reiterates the guarantee liability risk associated with the E-Ship trust's borrowings if the share price declines. The carrying amount of borrowings recognized under the gross method was ¥370 million at the end of the first quarter. - FY2017MitigatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement. The carrying amount of borrowings recognized under the gross method was ¥580 million in the previous fiscal year and ¥370 million in the current fiscal year.」
Although it continues to disclose the risk that guarantee liabilities may arise if the share price declines, the carrying amount of borrowings recognized under the gross method decreased from ¥580 million to ¥370 million. - FY2017-Q3RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
It continues to disclose the guarantee liability risk associated with the E-Ship trust's borrowings if the share price declines. Borrowings recognized under the gross method totaled ¥449 million at the end of the third quarter. - FY2017-Q2RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
It reiterates the guarantee liability risk associated with the E-Ship trust's borrowings if the share price declines, together with the trust's remaining shares and outstanding borrowings. - FY2017-Q1First statedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
It explicitly identifies as a risk the possibility that the Company may repay the outstanding balance if the share price declines, in connection with its guarantee of borrowings by the E-Ship trust. Borrowings recognized under the gross method totaled ¥580 million at the end of the first quarter.