Risk of Guaranteeing Outstanding Borrowings Following a Decline in Shares Held in the Employee Trust
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2018.
8 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「Because the company guarantees borrowings incurred by the employee shareholding trust to acquire the company's shares, a decline in the company's share price may cause losses on share sales to accumulate within the employee shareholding trust. If, when the trust terminates, borrowings remain outstanding within the employee shareholding trust in an amount equivalent to those losses, the company will repay the outstanding borrowings.」
従業員持株信託の借入保証に伴う株価下落時の残債弁済リスクを継続している。 - FY2018-Q3RestatedAnnual report
「In addition, because we guarantee borrowings obtained by the employee shareholding trust to acquire our shares, a decline in our share price will cause losses on the sale of shares to accumulate within the employee shareholding trust. If, at the end of the trust, borrowings remain outstanding within the trust in an amount equivalent to those losses on share sales, we will repay the outstanding balance.」
従業員持株信託の借入保証に伴い、株価下落時に会社が残債を弁済する可能性を継続して記載している。 - FY2018-Q2RestatedAnnual report
「In addition, because we guarantee borrowings obtained by the employee shareholding trust to acquire our shares, a decline in our share price will cause losses on the sale of shares to accumulate within the employee shareholding trust. If, at the end of the trust, borrowings remain outstanding within the trust in an amount equivalent to those losses on share sales, we will repay the outstanding balance.」
従業員持株信託の株価下落時に会社が借入金残債を弁済する可能性を、引き続き制度上のリスクとして記載している。 - FY2017First statedAnnual report
「当社株価の下落により従持信託内に株式売却損相当額が累積し、信託終了時点において従持信託内に当該株式売却損相当の借入金残債がある場合は、当社が当該残債を弁済することになります。」
従業員持株信託の株価下落時に、信託終了時の借入金残債を会社が弁済する可能性を制度上のリスクとして記載している。