Guarantee Risk Associated with the Employee Stock Ownership Trust in the Event of a Share Price Decline
First written in FY2016-Q2. 2 of 4 entries say "Restated". Latest entry: FY2018.
4 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual report
「The Employee Stock Ownership Trust commenced on 13 February 2014 and terminated on 28 February 2018.」
Because the Employee Stock Ownership Trust covered by the guarantee has terminated, the guarantee risk associated with a decline in its share price no longer appears in the risk disclosures for the fiscal year. - FY2017RestatedAnnual 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 will cause losses on share sales to accumulate in the trust. If borrowings equivalent to those losses remain in the employee shareholding trust when the trust ends, the company will repay the remaining borrowings under the guarantee agreement.」
Continued disclosure of the guarantee and repayment risks associated with a decline in the share price for the Employee Stock Ownership Trust. - FY2016-Q3RestatedAnnual report
「If a loss on the sale of shares accumulates in the Employee Stock Ownership Trust due to a decline in the company's share price and borrowings equal to that loss remain outstanding in the trust when it terminates, the company will repay the outstanding borrowings under the guarantee agreement.」
Continued disclosure of the guarantee and repayment risks associated with a decline in the share price for the Employee Stock Ownership Trust, with no material changes. - FY2016-Q2First statedAnnual report
「If a loss on the sale of shares accumulates in the Employee Stock Ownership Trust due to a decline in the company's share price and borrowings equal to that loss remain outstanding in the trust when it terminates, the company will repay the outstanding borrowings under the guarantee agreement.」
Disclosed the potential repayment risk associated with guaranteeing borrowings used by the trust to purchase shares.