Dilution of existing shareholders through the exercise of stock acquisition rights
First written in FY2017. 8 of 19 entries say "Materialised", first in FY2018-Q2. Latest entry: 2026-03-12.
Besterra moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
71 other companies' latest entry also says "Materialised".
- 2026-03-12MaterialisedEarnings
「Issuance of new shares (exercise of share acquisition rights)」
The exercise of share acquisition rights resulted in share issuance during the period and an increase in the number of issued shares. - FY2026-H1MaterialisedAnnual report
「The increase resulted from the exercise of stock acquisition rights. In addition, between 1 August 2025 and 31 August 2025, the exercise of stock acquisition rights increased the total number of issued shares by 6,300, capital stock by ¥3.357 million and capital reserves by ¥3.357 million.」
During the interim consolidated accounting period, 437,100 shares were issued through the exercise of stock acquisition rights, meaning that share issuance that could lead to dilution of existing shareholders actually occurred. The exercise of an additional 6,300 shares was disclosed before the filing date. - FY2025-H1No disclosure related to stock acquisition rightsAnnual report
「Not applicable.」
The semiannual report states that there are no applicable matters concerning the exercise status of the stock option plan, other stock acquisition rights and related instruments, or adjustment-price stock acquisition rights with bonds and related instruments. This disclosure does not explain why the outstanding stock acquisition rights disclosed in prior years ceased to exist. - FY2024Update on outstanding stock acquisition rightsAnnual report
「Tenth series of adjustment-price stock acquisition rights (issued 5 February 2021)」
The references to the eighth and ninth series of stock acquisition rights have disappeared. Only the tenth series remains, comprising 5,100 units with 510,000 underlying shares and an exercise period from 8 February 2021 to 6 February 2026. - FY2023WorsenedAnnual report
「Number of adjustment-price stock acquisition rights with bonds exercised during the period (units) 2,398 Number of shares delivered upon exercise during the period (shares) 239,800 Funds raised through exercise during the period (¥ million) 289」
During the fiscal year, 2,398 stock acquisition rights were exercised and 239,800 shares were delivered. The cumulative number of shares delivered reached 634,600, indicating progress in share issuance that could lead to dilution of existing shareholders. - FY2023-Q2WorsenedAnnual report
「Number of adjustment-price stock acquisition rights with bonds exercised during the quarter (units) 1,612 Number of shares delivered upon exercise during the quarter (shares) 161,200 Funds raised through exercise during the quarter (¥ million) 194」
During the quarter, 1,612 stock acquisition rights were exercised and 161,200 shares were delivered. Cumulatively, 2,398 units were exercised and 239,800 shares were delivered, and share issuance that could lead to dilution of existing shareholders has increased from the previous quarter. - FY2023-Q1MaterialisedAnnual report
「Number of adjustment-price stock acquisition rights with bonds exercised during the quarter (units) 786 Number of shares delivered upon exercise during the quarter (shares) 78,600 Funds raised through exercise during the quarter (¥ million) 94」
During the quarter, 786 stock acquisition rights were exercised and 78,600 shares were delivered. The issuance of shares through exercise, an event that could lead to dilution of existing shareholders, has actually occurred. - FY2022WorsenedAnnual report
「Number of adjustment-price stock acquisition rights with bonds exercised during the period (units) 3,948 Number of shares delivered upon exercise during the period (shares) 394,800 Funds raised through exercise during the period (¥ million) 549」
Regarding the ninth and tenth series of stock acquisition rights and related instruments, 3,948 units were exercised during the fiscal year and 394,800 shares were delivered. The issuance of shares through exercise, an event that could lead to dilution of existing shareholders, is progressing. - FY2022-Q3WorsenedAnnual report
「Number of adjustment-price stock acquisition rights with bonds exercised during the quarter (units) 2,337 Number of shares delivered upon exercise during the quarter (shares) 233,700 Funds raised through exercise during the quarter (¥ million) 317」
During the quarter, 2,337 stock acquisition rights were exercised and 233,700 shares were delivered. Share issuance has continued from the previous quarter, bringing the cumulative number of shares delivered to 362,800. - FY2022-Q2WorsenedAnnual report
「Number of adjustment-price stock acquisition rights with bonds exercised during the quarter (units) 1,055 Number of shares delivered upon exercise during the quarter (shares) 105,500 Funds raised through exercise during the quarter (¥ million) 155」
Regarding the ninth and tenth series of stock acquisition rights and related instruments, 1,055 units were exercised during the quarter and 105,500 shares were delivered. The issuance of shares through exercise and the potential dilution exposure have increased from the previous quarter. - FY2022-Q1MaterialisedAnnual report
「Number of adjustment-price stock acquisition rights with bonds exercised during the quarter (units) 236 Number of shares delivered upon exercise during the quarter (shares) 23,600 Funds raised through exercise during the quarter (¥ million) 38」
236 adjustment-price stock acquisition rights were exercised and 23,600 shares were delivered. The issuance of shares through the exercise of stock acquisition rights, an event that could lead to dilution, has actually occurred. - FY2021WorsenedAnnual report
「Potential shares from this issuance: 1,360,000 shares」
In addition to the potential dilution from stock acquisition rights granted to employees and others, the issuance of the ninth and tenth series of stock acquisition rights has newly resulted in the disclosure of 1,360,000 potential shares. - FY2020RestatedAnnual report
「If these stock acquisition rights are exercised, the Company will issue shares, potentially diluting the value of shares held by existing shareholders and their voting percentages.」
The company continues to disclose the potential dilution of existing shareholders' equity value and voting rights from the exercise of stock acquisition rights. - FY2019-Q1MaterialisedAnnual report
「The increase resulted from the exercise of stock acquisition rights.」
During the first quarter accounting period, the total number of issued shares increased by 2,400 through the exercise of stock acquisition rights. An event that could lead to dilution has continued to occur in practice. - FY2018MaterialisedAnnual report
「The increase resulted from the exercise of stock acquisition rights.」
During the fiscal year, the number of shares increased by 48,000 through the exercise of stock acquisition rights. An event that could lead to dilution of existing shareholders has continued to occur in practice. - FY2018-Q3MaterialisedAnnual report
「The increase resulted from the exercise of stock acquisition rights.」
During the third quarter accounting period, 26,400 shares were issued through the exercise of stock acquisition rights and added to the total number of issued shares. An event that could lead to dilution of existing shareholders has therefore actually occurred for the second consecutive quarter. - FY2018-Q2MaterialisedAnnual report
「The increase resulted from the exercise of stock acquisition rights.」
During the six-month period, 21,600 shares were issued through the exercise of stock acquisition rights and added to the total number of issued shares. The event involving potential dilution of existing shareholders, which had previously been described only as a possibility, has now actually occurred. - FY2018-Q1WorsenedAnnual report
「Number of shares underlying the stock acquisition rights (shares) 316,800」
Stock acquisition rights were issued during the first quarter accounting period, and the disclosed number of underlying shares was 316,800. The potential dilution of existing shareholders if the rights are exercised in the future is shown together with more specific issuance details. However, the disclosure does not state that actual dilution from exercise had occurred as of the end of the quarter. - FY2017First statedAnnual report
「If these stock acquisition rights are exercised, the Company will issue shares, potentially diluting the value of shares held by existing shareholders and their voting percentages.」
The Company discloses that the exercise of stock acquisition rights granted to officers and employees may dilute the value of existing shareholders' shares and their voting percentages.