Share-Dilution Risk from the Exercise of Stock Acquisition Rights
First written in FY2024. 5 of 6 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
Cocolive moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 17 of 34 companies on the "Worse" side.
44 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「As of the date of filing this document, potential shares represented 12.63% of total shares issued. If these stock acquisition rights are exercised, the per-share value of the company's shares may be diluted, potentially affecting the company's share price.」
The company issued 75,840 shares through exercise of stock acquisition rights during the fiscal year. Potential shares represented 12.63%, and the dilution risk continues. - 2026-07-31MaterialisedGeneral Meetings of Shareholders
「Directors and major individual shareholders, etc.」
The company discloses the exercise of stock acquisition rights during the fiscal year as a related-party transaction and also states that 341,360 common shares were subject to stock acquisition rights at the end of the fiscal year. - FY2026-H1MaterialisedAnnual report
「This was due to a positive cash-flow impact of ¥24.187 million from the issuance of shares through the exercise of stock acquisition rights.」
Stock acquisition rights were exercised during the interim accounting period, increasing total shares issued by 51,440 and capital stock and capital surplus by ¥12.093 million each. - FY2025MaterialisedAnnual report
「Between 1 June 2025 and 31 July 2025, the exercise of stock acquisition rights increased total shares issued by 51,440 shares and increased capital stock and capital surplus by ¥12.093 million each.」
In addition to the previously identified 1,000 shares, 51,440 shares were issued through exercise of stock acquisition rights after fiscal year-end, potentially causing dilution. A total of 52,400 rights were exercised during the fiscal year. - FY2025-H1MaterialisedAnnual report
「Between 1 December 2024 and 31 December 2024, the exercise of stock acquisition rights increased total shares issued by 1,000 shares and increased capital stock and capital surplus by ¥250 thousand each.」
Stock acquisition rights were exercised, increasing total shares issued by 1,000 and capital stock and capital surplus by ¥250 thousand each. - FY2024First statedAnnual report
「As of the date of filing this document, potential shares represented 17.41% of total shares issued. If these stock acquisition rights are exercised, the per-share value of the company's shares may be diluted, potentially affecting the company's share price.」
Potential shares represented 17.41%, and dilution of per-share value through exercise of stock acquisition rights is identified as a risk.