Risk of Repaying Outstanding E-Ship Trust Borrowings Due to a Decline in the Share Price
First written in FY2024-Q2. 5 of 6 entries say "Restated". Latest entry: FY2027-H1.
8 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Because the Company will guarantee borrowings used by the E-Ship Trust to acquire Company shares, if the Company’s share price falls and losses on share sales accumulate in the E-Ship Trust, and borrowings equivalent to those losses remain outstanding in the trust at the end of the trust period, the Company will repay the outstanding balance.」
The filing continues to describe the possibility that the Company may repay outstanding borrowings if the E-Ship trust's share price declines. - FY2025-Q1RestatedAnnual report
「Because the Company will guarantee borrowings for the E-Ship trust's acquisition of its shares, losses equivalent to losses on share sales will accumulate in the trust if the Company's share price declines. If borrowings equivalent to those losses remain in the E-Ship trust when it is terminated, the Company will repay the outstanding balance.」
The filing continues to describe the possibility that the Company may repay outstanding borrowings resulting from a decline in the E-Ship trust's share price. - FY2024RestatedAnnual report
「Because the Company will guarantee borrowings for the E-Ship trust's acquisition of its shares, losses equivalent to losses on share sales will accumulate in the E-Ship trust if the Company's share price declines. If borrowings equivalent to those losses remain in the trust when it ends, the Company will repay the outstanding balance.」
The filing continues to describe the risk that the Company may repay outstanding borrowings resulting from a decline in the E-Ship trust's share price. - FY2024-Q2First statedAnnual report
「Because the Company will guarantee borrowings used by the E-Ship Trust to acquire Company shares, if the Company’s share price falls and losses on share sales accumulate in the E-Ship Trust, and borrowings equivalent to those losses remain outstanding in the trust at the end of the trust period, the Company will repay the outstanding balance.」
The Company guarantees borrowings for the E-Ship trust's acquisition of shares and describes the possibility that it may repay any remaining borrowings equivalent to losses on share sales if such borrowings remain when the trust ends.