Risk of Share Price Declines and Guarantee Obligations Related to the Employee Stock Ownership Trust
First written in FY2017-Q2. 13 of 24 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2025.
31 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「The employee stock ownership trust terminated in December 2024. The carrying amount was ¥278 million for the previous consolidated fiscal year and not applicable for the consolidated fiscal year under review.」
The termination of the employee stock ownership trust eliminated the outstanding borrowings and the balance associated with guarantee obligations if the share price declines. - FY2025-H1MitigatedAnnual report
「Carrying amount of borrowings recognized through application of the gross method ¥278 million for the previous consolidated fiscal year and ¥59 million for the interim consolidated accounting period under review」
The carrying amount of borrowings related to the employee stock ownership trust decreased from ¥278 million to ¥59 million, reducing the outstanding balance associated with guarantee obligation risk if the share price declines. - FY2024-Q3MitigatedAnnual report
「¥709 million for the previous consolidated fiscal year and ¥499 million for the third quarter of the consolidated fiscal year under review」
The carrying amount of borrowings related to the employee stock ownership trust decreased from ¥709 million to ¥499 million, reducing the outstanding balance associated with guarantee obligation risk if the share price declines. - FY2024-Q2MitigatedAnnual report
「¥709 million for the previous consolidated fiscal year and ¥499 million for the interim consolidated accounting period under review」
The carrying amount of borrowings related to the employee stock ownership trust decreased from ¥709 million to ¥499 million, reducing the outstanding balance associated with guarantee obligation risk if the share price declines. - FY2023MitigatedAnnual report
「¥1,200 million for the previous consolidated fiscal year and ¥709 million for the consolidated fiscal year under review」
The carrying amount of borrowings related to the employee stock ownership trust decreased from ¥1,200 million to ¥709 million, reducing the outstanding balance associated with guarantee obligation risk if the share price declines. - FY2023-Q3MitigatedAnnual report
「¥1,200 million for the previous consolidated fiscal year and ¥920 million for the third quarter of the consolidated fiscal year under review」
The carrying amount of borrowings related to the employee stock ownership trust decreased from ¥1,200 million to ¥920 million, reducing the outstanding balance associated with guarantee obligation risk if the share price declines. - FY2023-Q2MitigatedAnnual report
「¥1,200 million for the previous consolidated fiscal year and ¥920 million for the interim consolidated accounting period under review」
The carrying amount of borrowings related to the employee stock ownership trust decreased from ¥1,200 million to ¥920 million, reducing the outstanding balance associated with guarantee obligation risk if the share price declines. - FY2023-Q1RestatedAnnual report
「The Bank guarantees borrowings incurred by the employee stock ownership trust to acquire the Bank's shares. If the Bank's share price declines, losses on the sale of shares accumulate within the trust. If borrowings remain outstanding in an amount equivalent to those losses when the trust terminates, the Bank will repay the outstanding balance under the guarantee agreement. ¥1,200 million for the previous consolidated fiscal year and ¥1,200 million for the first quarter of the consolidated fiscal year under review」
The guarantee of borrowings by the new employee stock ownership trust and the possibility of repaying the outstanding balance if the share price declines continued to be disclosed. The carrying amount of borrowings was ¥1,200 million, unchanged from the end of the previous fiscal year. - FY2022WorsenedAnnual report
「The Bank guarantees borrowings incurred by the employee stock ownership trust to acquire the Bank's shares. If the Bank's share price declines, losses on the sale of shares accumulate within the trust. If borrowings remain outstanding in an amount equivalent to those losses when the trust terminates, the Bank will repay the outstanding balance under the guarantee agreement.」
The introduction of a new employee stock ownership trust led to the recurrence of guarantee obligation risk if the share price declines. The new trust period runs from 7 February 2022 to 18 March 2025, and the carrying amount of borrowings is ¥1,200 million. - FY2022-Q2MitigatedAnnual report
「¥202 million for the previous consolidated fiscal year; not applicable for the interim consolidated accounting period under review.」
Following the termination of the employee stock ownership trust, the borrowings recognized under the gross method decreased from ¥202 million at the end of the previous fiscal year to none. The outstanding balance associated with guarantee obligation risk if the share price declines was eliminated. - FY2022-Q1RestatedAnnual report
「¥202 million for the previous consolidated fiscal year and ¥202 million for the first quarter of the consolidated fiscal year under review」
The carrying amount of borrowings by the employee stock ownership trust remained unchanged at ¥202 million from the end of the previous consolidated fiscal year, and the possibility of a guarantee obligation arising if the share price declines continues to be disclosed. - FY2021MitigatedAnnual report
「Carrying amount of borrowings recognized through application of the gross method: ¥590 million for the previous consolidated fiscal year and ¥202 million for the consolidated fiscal year under review」
The carrying amount of borrowings related to the employee stock ownership trust decreased from ¥590 million to ¥202 million, reducing the outstanding balance associated with guarantee obligation risk if the share price declines. - FY2021-Q2MitigatedAnnual report
「¥590 million for the previous consolidated fiscal year and ¥367 million for the interim consolidated accounting period under review」
The carrying amount of borrowings related to the employee stock ownership trust decreased from ¥590 million to ¥367 million, reducing the outstanding balance associated with guarantee obligation risk if the share price declines. - FY2021-Q1MitigatedAnnual report
「The Bank guarantees borrowings incurred by the employee stock ownership trust to acquire the Bank's shares. If the Bank's share price declines, losses on the sale of shares accumulate within the trust. If borrowings remain outstanding in an amount equivalent to those losses when the trust terminates, the Bank will repay the outstanding balance under the guarantee agreement. ¥590 million for the previous consolidated fiscal year and ¥590 million for the first quarter of the consolidated fiscal year under review」
Although guarantee obligation risk related to the employee stock ownership trust continues to be disclosed, the carrying amount of borrowings decreased from the previously disclosed ¥752 million to ¥590 million. - FY2020-Q2MitigatedAnnual report
「¥984 million for the previous consolidated fiscal year and ¥752 million for the interim consolidated accounting period under review」
The carrying amount of borrowings related to the new employee stock ownership trust decreased from ¥984 million to ¥752 million, reducing the outstanding balance associated with guarantee obligation risk if the share price declines. - FY2020-Q1RestatedAnnual report
「¥984 million for the previous consolidated fiscal year and ¥984 million for the first quarter of the consolidated fiscal year under review」
The carrying amount of borrowings related to the new employee stock ownership trust remained unchanged at ¥984 million, and guarantee obligation risk if the share price declines continues. - FY2019RestatedAnnual report
「¥984 million for the consolidated fiscal year under review」
The carrying amount of borrowings related to the new employee stock ownership trust, ¥984 million, was disclosed, and guarantee obligation risk if the share price declines continues to exist. - FY2019-Q3WorsenedAnnual report
「¥1,035 million and 597 thousand shares for the third quarter of the consolidated fiscal year under review.」
For the new employee stock ownership trust introduced in November 2018, 597 thousand shares held by the trust, a carrying amount of ¥1,035 million and trust borrowings of ¥1,100 million were recorded, quantifying the guarantee obligation risk if the share price declines. - FY2019-Q2WorsenedAnnual report
「The Bank guarantees borrowings incurred by the employee stock ownership trust to acquire the Bank's shares. If the Bank's share price declines, losses on the sale of shares accumulate within the trust. If borrowings remain outstanding in an amount equivalent to those losses when the trust terminates, the Bank will repay the outstanding balance under the guarantee agreement.」
After the previous employee stock ownership trust terminated, a new employee stock ownership trust was introduced, and guarantee obligation risk if the share price declines was disclosed again. - FY2019-Q1MitigatedAnnual report
「The employee stock ownership trust terminated in June 2018.」
The employee stock ownership trust terminated and all shares held by the trust were sold, reducing the guarantee obligation risk associated with a decline in the share price. - FY2018RestatedAnnual report
「The Bank guarantees borrowings incurred by the employee stock ownership trust to acquire the Bank's shares. If the Bank's share price declines, losses on the sale of shares accumulate within the trust. If borrowings remain outstanding in an amount equivalent to those losses when the trust terminates, the Bank will repay the outstanding balance under the guarantee agreement.」
The guarantee of borrowings by the employee stock ownership trust and the possibility of repaying the outstanding balance if the share price declines continued to be disclosed. - FY2018-Q2RestatedAnnual report
「The Bank guarantees borrowings incurred by the employee stock ownership trust to acquire the Bank's shares. If the Bank's share price declines, losses on the sale of shares accumulate within the trust. If borrowings remain outstanding in an amount equivalent to those losses when the trust terminates, the Bank will repay the outstanding balance under the guarantee agreement.」
The guarantee of borrowings by the employee stock ownership trust and the possibility of repaying the outstanding balance if the share price declines continue to be disclosed. - FY2017-Q3RestatedAnnual report
「The Bank guarantees borrowings incurred by the employee stock ownership trust to acquire the Bank's shares. If the Bank's share price declines, losses on the sale of shares accumulate within the trust. If borrowings remain outstanding in an amount equivalent to those losses when the trust terminates, the Bank will repay the outstanding balance under the guarantee agreement.」
The guarantee of borrowings by the employee stock ownership trust and the possibility of repaying the outstanding balance if the share price declines continue to be disclosed. - FY2017-Q2First statedAnnual report
「The Bank guarantees borrowings incurred by the employee stock ownership trust to acquire the Bank's shares. If the Bank's share price declines, losses on the sale of shares accumulate within the trust. If borrowings remain outstanding in an amount equivalent to those losses when the trust terminates, the Bank will repay the outstanding balance under the guarantee agreement.」
The Bank guarantees borrowings by the employee stock ownership trust and states that it may be required to repay the trust's outstanding borrowings if the share price declines.