Variable-Rate Risk on Employee Stock Ownership Trust Borrowings
First written in FY2017. 10 of 13 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2022.
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
40 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「Cash outflows for repayment of long-term borrowings: ¥4.450 million. The proceeds from the sale of treasury shares and the cash outflows for repayment of long-term borrowings relate to the trust-based employee stock ownership incentive plan.」
The ¥4.450 million of borrowings related to E-Ship was repaid, eliminating exposure to variable-rate borrowings upon termination of the plan. - FY2022-Q3MitigatedAnnual report
「Carrying amount of borrowings recognized under the gross method: ¥4.450 million at the end of the previous fiscal year; no balance remained at the end of the third quarter as the borrowings were fully repaid.」
All variable-rate borrowings related to E-Ship were repaid, reducing exposure to interest-rate risk to zero at the end of the third quarter. - FY2022-Q2MitigatedAnnual report
「Carrying amount of borrowings recorded under the gross method: ¥4.450 million at the end of the previous fiscal year; no balance at the end of the second quarter because the amount was repaid in full.」
All variable-rate borrowings related to E-Ship were repaid, reducing exposure to interest-rate risk to zero at the end of the quarter. - FY2022-Q1MitigatedAnnual report
「④ Carrying amount of borrowings recorded under the gross method: ¥4.450 million at the end of the previous fiscal year; ¥4.450 million at the end of the first quarter」
The balance of borrowings related to E-Ship was ¥4.450 million, unchanged from the end of the previous fiscal year. Exposure to variable-rate borrowings remains, but no actual losses due to interest-rate fluctuations are reported. - FY2021-Q2MitigatedAnnual report
「④ Carrying amount of borrowings recorded under the gross method: ¥26.360 million at the end of the previous fiscal year; ¥15.350 million at the end of the second quarter」
Repayment of borrowings related to E-Ship progressed, and exposure to variable-rate borrowings decreased from the end of the previous fiscal year. No actual losses due to interest-rate fluctuations are reported. - FY2020MitigatedAnnual report
「Cash outflows for repayment of long-term borrowings: ¥23.070 million. Cash inflows from the sale of treasury shares and cash outflows for repayment of long-term borrowings relate to the trust-type employee stock ownership incentive plan.」
Repayment of borrowings related to E-Ship continued, reducing exposure to variable-rate borrowings. No actual losses due to interest-rate fluctuations are reported. - FY2020-Q2MitigatedAnnual report
「④ Carrying amount of borrowings recognized through application of the gross method: ¥49.430 million at the end of the previous fiscal year; ¥37.430 million at the end of the second quarter of the current fiscal year」
The carrying amount of borrowings related to E-Ship decreased from ¥49.430 million at the end of the previous fiscal year to ¥37.430 million, reducing exposure to variable-rate borrowings. - FY2019-Q3MitigatedAnnual report
「Carrying amount of borrowings recognized through application of the gross method: ¥71.740 million at the end of the previous fiscal year; ¥60.160 million at the end of the third quarter of the current fiscal year」
The balance of borrowings related to E-Ship decreased from the end of the previous fiscal year, reducing exposure to variable-rate borrowings. No actual loss from interest rate movements is disclosed. - FY2019-Q2MitigatedAnnual report
「Carrying amount of borrowings recognized through application of the gross method: ¥71.740 million at the end of the previous fiscal year; ¥60.160 million at the end of the second quarter of the current fiscal year」
The balance of borrowings related to E-Ship decreased, reducing exposure to variable-rate borrowings from the end of the previous fiscal year. No actual loss from interest rate movements is disclosed. - FY2018RestatedAnnual report
「Long-term borrowings were obtained under the Trust-Type Employee Shareholding Incentive Plan to enable the trust account established exclusively for the アバール Group Employee Shareholding Association to purchase shares in the Company. As these borrowings carry variable interest rates, they are exposed to interest rate risk.」
The disclosure continues to identify interest rate risk associated with ¥71.740 million of variable-rate borrowings arising from the reintroduction of E-Ship. - FY2018-Q3WorsenedAnnual report
「The current portion of long-term borrowings due within 1 year and long-term borrowings reported under liabilities relate to the Trust-Type Employee Shareholding Incentive Plan.」
Borrowings related to the reintroduced employee shareholding trust were re-recognized at ¥20.250 million for the current portion due within 1 year and ¥60.750 million for long-term borrowings, for a total of ¥81 million. No actual loss from variable interest rates is disclosed. - FY2018-Q1MitigatedAnnual report
「The entire ¥24.520 million balance of borrowings executed by the employee shareholding trust, which had been reported on the consolidated balance sheet at the end of the previous consolidated fiscal year, was repaid. Consequently, no balance was reported at the end of the current quarterly consolidated accounting period, 30 June 2017.」
The employee shareholding trust's variable-rate borrowings of ¥24.520 million were fully repaid, leaving no reported balance at the end of the quarter. - FY2017First statedAnnual report
「Long-term borrowings were obtained under the Trust-Type Employee Shareholding Incentive Plan to enable the trust account established exclusively for the アバール Group Employee Shareholding Association to purchase shares in the Company. As these borrowings carry variable interest rates, they are exposed to interest rate risk.」
The disclosure identifies interest rate risk from variable-rate borrowings used by the employee shareholding trust to acquire shares.