The company’s debt repayment burden if the ESOP trust’s share price declines
First written in FY2020-Q2. 14 of 17 entries say "Restated". Latest entry: FY2026-H1.
8 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this semiannual report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes from the previous fiscal year regarding its guarantee and repayment obligations if the share price declines under the ESOP trust. - FY2025-H1RestatedAnnual report
「The trust period of the employee shareholding ESOP trust introduced by the Company ended on 5 October 2023.」
The company continues to state that the ESOP trust ended on 5 October 2023 and that the scheme subject to the company's guarantee and repayment obligations related to the trust has ended. - FY2024MitigatedAnnual report
「The trust period of the Employee Shareholding ESOP Trust introduced by the company ended on 5 October 2023.」
The end of the ESOP trust's trust period is also disclosed in the annual filing, and the scheme subject to the guarantee and repayment obligations related to the trust is treated as having ended. - FY2024-Q1MitigatedAnnual report
「When the trust terminates, if it has gains due to a rise in the share price, cash will be distributed according to the contribution ratios of the employees who are the beneficiaries. If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The ESOP trust terminated on 5 October 2023. As there were no shares remaining in the trust or loan balance recognized under the gross method at the end of the first-quarter accounting period, the company's exposure to guarantee and repayment obligations related to the trust has decreased. - FY2023-Q3RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose the same information as previously regarding its guarantee obligation to make a lump-sum repayment to the bank if the share price declines under the ESOP trust. - FY2023-Q2RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose the same information as previously regarding its guarantee obligation to make a lump-sum repayment to the bank if the share price declines under the ESOP trust. - FY2023-Q1RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose the same information as previously regarding its guarantee obligation to make a lump-sum repayment to the bank if the share price declines under the ESOP trust. - FY2022RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose the same information regarding its guarantee and lump-sum repayment obligation to the bank if the share price declines under the ESOP trust. - FY2022-Q3RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose its guarantee and lump-sum repayment obligations if the share price declines under the ESOP trust. - FY2022-Q2RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose the same information regarding its guarantee and lump-sum repayment obligations if the share price declines under the ESOP trust. - FY2022-Q1RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose its guarantee and lump-sum repayment obligations if the share price declines under the ESOP trust. - FY2021RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose its guarantee and lump-sum repayment obligations if the share price declines under the ESOP trust. - FY2021-Q3RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose the same information regarding its guarantee and lump-sum repayment obligations if the share price declines under the ESOP trust. - FY2021-Q2RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose the same information regarding its guarantee and lump-sum repayment obligations if the share price declines under the ESOP trust. - FY2020RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose its guarantee and lump-sum repayment obligations if the share price declines under the ESOP trust. - FY2020-Q3RestatedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
The company continues to disclose the same information as in the previous quarter regarding its guarantee and repayment obligations if the share price declines under the ESOP trust. - FY2020-Q2First statedAnnual report
「If a decline in the share price results in a loss on disposal and liabilities remain in the trust assets, the Company will make a lump-sum repayment to the bank under the guarantee provisions of the loan agreement, so employees will not bear any additional burden.」
For the ESOP trust, the company's guarantee obligation to make a lump-sum repayment to the bank if liabilities remained after a share-price decline was identified for the first time as a separate risk.