Trusts with Principal Guarantee Agreements and Trustee Liability Risk
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2019-Q3.
No other company in this theme has enough history to compare yet.
- FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risk associated with trusts subject to principal indemnification agreements and trustee liability. - FY2018RestatedAnnual report
「If losses arising from loan defaults or other events result in a deficit in the principal of a trust account subject to a principal indemnification agreement, even after applying the reserve for loan losses, a loss relating to payments made to cover the deficit must be recognized.」
The Company continues to disclose the risks relating to covering deficits in trusts subject to principal indemnification agreements and trustee liability. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risk associated with trusts subject to principal indemnification agreements and trustee liability. - FY2017First statedAnnual report
「If losses arising from loan defaults or other events result in a deficit in the principal of a trust account subject to a principal indemnification agreement, even after applying the reserve for loan losses, a loss relating to payments made to cover the deficit must be recognized.」
The Company discloses as a separate risk item the risk of covering deficits in trusts subject to principal indemnification agreements and bearing costs arising from trustee liability.