Daiichi Life Group (8750) · RiskMitigated
Guarantee Liability Risk in the Event of a Share Price Decline Relating to the Employee Shareholding Incentive Trust
First written in FY2017-Q2. 1 of 2 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2017-Q3.
2entries
2years
0from disclosures
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Company Repayment Risk from a Decline in the Share Price of an Employee Stock Ownership Trust’s HoldingsA theme 64 companies write about · 64 as a headwind · 0 as a tailwind
31 other companies' latest entry also says "Mitigated".
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Showing 14 of the 64 companies compared. The sentences above are computed from all 64.Full recordFilings, disclosures and news, newest first
- FY2017-Q3MitigatedAnnual report
「The trust established exclusively for the Dai-ichi Life Insurance employee shareholding association ended in July 2016.」
The Company stated that the E-Ship trust associated with the risk of guarantee obligations if the share price fell had ended, narrowing the scope of risks related to the plan. - FY2017-Q2First statedAnnual report
「If losses on the sale of shares accumulate in the trust as a result of a decline in the Company's share price, and borrowings remain outstanding in the trust equivalent to such losses and other amounts at the time the trust terminates, the Company will repay the outstanding balance under the guarantee agreement.」
Regarding E-Ship®, the Company disclosed as a risk the possibility that it may be required to guarantee and repay outstanding borrowings arising in the trust if the share price declines.