Guarantee Obligations Relating to the Stock Benefit Trust in the Event of a Share Price Decline
First written in FY2023-Q2. 7 of 10 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2026.
36 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「End of previous consolidated fiscal year: ¥107.493 million; end of current consolidated fiscal year: ¥68.455 million」
Borrowings covered by the guarantee related to the Stock Benefit Trust decreased from ¥107.493 million to ¥68.455 million, reducing guarantee exposure if the share price declines. - FY2026-H1MitigatedAnnual report
「(3) Carrying amount of borrowings recognized through application of the gross method Previous consolidated fiscal year: ¥107.493 million; interim period of the current consolidated fiscal year: ¥85.637 million」
Borrowings covered by the guarantee related to the Stock Benefit Trust decreased from ¥107.493 million to ¥85.637 million, reducing guarantee exposure if the share price declines. - FY2025-H1MitigatedAnnual report
「(3) Carrying amount of borrowings recognized through application of the gross method Previous consolidated fiscal year: ¥145.413 million; interim period of the current consolidated fiscal year: ¥124.728 million」
Borrowings covered by the guarantee related to the Stock Benefit Trust decreased from ¥145.413 million to ¥124.728 million, reducing guarantee exposure if the share price declines. No instance of performance under the guarantee has been disclosed. - FY2024MitigatedAnnual report
「End of previous consolidated fiscal year: ¥182 million; end of current consolidated fiscal year: ¥145.413 million」
Borrowings covered by the guarantee related to the Stock Benefit Trust decreased from ¥182 million to ¥145.413 million, reducing guarantee exposure if the share price declines. No instance of performance under the guarantee has been disclosed. - FY2024-Q3MitigatedAnnual report
「In addition, because the Company guarantees the borrowings made by the trustee to acquire the Company's shares for the trust account, if, due to a decline in the Company's share price or other factors, borrowings remain outstanding at the end of the trust when the amount is equivalent to the loss on the sale of the shares, the Company will repay the outstanding balance under the guarantee agreement. Previous consolidated fiscal year: ¥182 million; third quarter of the current consolidated fiscal year: ¥156.244 million」
The mechanism for guarantee obligations related to the Stock Benefit Trust continues, but trust borrowings covered by the guarantee have decreased from ¥182 million to ¥156.244 million, reducing guarantee exposure. No instance of performance under the guarantee has been disclosed. - FY2024-Q2MitigatedAnnual report
「Previous consolidated fiscal year: ¥182 million; second quarter of the current consolidated fiscal year: ¥161.8 million」
Borrowings covered by the guarantee related to the Stock Benefit Trust decreased from ¥182 million to ¥161.8 million, reducing guarantee exposure if the share price declines. No instance of performance under the guarantee has been disclosed. - FY2024-Q1MitigatedAnnual report
「The company guarantees borrowings undertaken by the trustee for Trust Account E to acquire the company's shares. If, due to a decline in the company's share price or other factors, borrowings equivalent to the loss on the sale of the shares remain when the trust terminates, the company will repay the remaining balance under the guarantee agreement.」
The mechanism for guarantee obligations related to the Stock Benefit Trust if the share price declines continues, but the trust borrowings covered by the guarantee have decreased from ¥182 million to ¥176.465 million. No instance of performance under the guarantee has been disclosed. - FY2023RestatedAnnual report
「The company guarantees borrowings undertaken by the trustee for Trust Account E to acquire the company's shares. If, due to a decline in the company's share price or other factors, borrowings equivalent to the loss on the sale of the shares remain when the trust terminates, the company will repay the remaining balance under the guarantee agreement.」
The mechanism for guarantee obligations related to the Stock Benefit Trust if the share price declines continues to be disclosed. No instance of performance under the guarantee has been disclosed. - FY2023-Q3RestatedAnnual report
「The company guarantees borrowings undertaken by the trustee to acquire company shares through Trust E. If a residual borrowing balance equivalent to a loss on the sale of shares remains when the trust ends because of a decline in the company’s share price or other factors, the company will repay that residual balance under the guarantee agreement.」
The company continues to disclose the mechanism for guarantee obligations related to the stock-delivery trust. The trust's borrowings are ¥182 million, and no payment under the guarantee has been reported. - FY2023-Q2First statedAnnual report
「The company guarantees borrowings undertaken by the trustee to acquire company shares through Trust E. If a residual borrowing balance equivalent to a loss on the sale of shares remains when the trust ends because of a decline in the company’s share price or other factors, the company will repay that residual balance under the guarantee agreement.」
The trust has recorded borrowings of ¥182 million in Trust Account E. The company newly disclosed guarantee obligations under which it will repay any remaining borrowings if, due to a decline in the share price or other factors, a loan balance remains when the trust terminates. No actual repayment has been reported.