Guarantee obligation risk associated with a decline in the share price of shares held by the E-Ship Trust
First written in FY2017-Q2. 6 of 13 entries say "Restated". Latest entry: FY2020-Q3.
36 other companies' latest entry also says "Mitigated".
- FY2020-Q3MitigatedAnnual report
「There are no borrowings as of the current third-quarter consolidated accounting period because the trust has terminated.」
The termination of the E-Ship Trust eliminated the trust borrowings that the company might have had to repay if the share price declined. - FY2020-Q2MitigatedAnnual report
「¥91 million at the end of the previous consolidated fiscal year; ¥39 million as of the current second-quarter consolidated accounting period」
The carrying amount of borrowings related to the E-Ship Trust declined from ¥91 million to ¥39 million, reducing the balance that could be subject to the guarantee. - FY2020-Q1RestatedAnnual report
「The company guarantees borrowings taken out by the E-Ship Trust to acquire the company's shares. If the company's share price declines, losses on the sale of shares may accumulate within the E-Ship Trust. If, when the trust terminates, the E-Ship Trust has an outstanding balance of borrowings equivalent to those losses on the sale of shares, the company will repay that outstanding balance under the guarantee agreement. [Omitted] ③ Carrying amount of borrowings recognized under the gross method ¥91 million at the end of the previous consolidated fiscal year; ¥91 million as of the current first-quarter consolidated accounting period」
The company continues to disclose the contingent guarantee risk under which it would repay the outstanding balance if the share price of the E-Ship Trust declines, and the carrying amount of borrowings remains unchanged at ¥91 million. - FY2019MitigatedAnnual report
「③ Carrying amount of borrowings recognized under the gross method ¥180 million at the end of the previous consolidated fiscal year; ¥91 million at the end of the current consolidated fiscal year」
The carrying amount of borrowings related to the E-Ship Trust declined from ¥180 million to ¥91 million, reducing the balance that could be subject to the guarantee. - FY2019-Q3RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
The company continues to disclose the contingent guarantee risk under which it would repay the outstanding balance of borrowings if the share price of the E-Ship Trust declines. The carrying amount of borrowings that could be subject to the guarantee is ¥128 million. - FY2019-Q2MitigatedAnnual report
「Carrying amount of borrowings recognized under the gross method ¥180 million at the end of the previous consolidated fiscal year; ¥128 million as of the current second-quarter consolidated accounting period」
The carrying amount of borrowings related to the E-Ship Trust declined from ¥180 million to ¥128 million, reducing the balance that could be subject to the guarantee. - FY2019-Q1RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
The company continues to disclose the contingent guarantee risk under which it would repay the outstanding balance of borrowings if the share price of the E-Ship Trust declines. - FY2018MitigatedAnnual report
「Carrying amount of borrowings recognized under the gross method: ¥278 million at the end of the previous consolidated fiscal year; ¥180 million at the end of the current consolidated fiscal year」
The carrying amount of borrowings related to the E-Ship Trust declined from ¥278 million to ¥180 million, reducing the balance that could be subject to the guarantee. - FY2018-Q3RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
The company continues to disclose the contingent guarantee risk under which it would repay the outstanding balance of borrowings if the share price of the E-Ship Trust declines. - FY2018-Q2MitigatedAnnual report
「③ Carrying amount of borrowings recognized under the gross method: ¥278 million at the end of the previous consolidated fiscal year; ¥218 million as of the current second-quarter consolidated accounting period」
The carrying amount of borrowings subject to the guarantee related to the E-Ship Trust declined from ¥228 million in the previous quarter to ¥218 million, reducing the potential guarantee exposure. - FY2018-Q1RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
The company continues to disclose the contingent guarantee risk under which it would repay the outstanding balance of borrowings if the share price of the E-Ship Trust declines. - FY2017-Q3RestatedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
The company continues to disclose the contingent guarantee risk under which it would repay the outstanding balance of borrowings if the share price of the E-Ship Trust declines. - FY2017-Q2First statedAnnual report
「The Company has provided a guarantee for borrowings used by the E-Ship trust to acquire the Company's shares. If the Company's share price declines, losses equivalent to losses on the sale of shares will accumulate within the E-Ship trust, and if borrowings equivalent to those losses remain outstanding in the trust when it terminates, the Company will repay the outstanding balance under the guarantee agreement.」
The company has disclosed a contingent guarantee risk under which it would repay the outstanding balance of borrowings if the share price of the E-Ship Trust declines. The related carrying amount of borrowings was ¥318 million as of the current second-quarter consolidated accounting period.