Dilution of Share Value through the Exercise of Stock Options
First written in FY2024. 2 of 5 entries say "Worsened", first in FY2026-H1. Latest entry: FY2026.
Ishin moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
32 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As of the filing date, the number of potential shares represented by these stock options was 85,400, equivalent to 4.42% of the 1,932,700 issued shares as of the filing date.」
Potential shares increased from 58,100, or 3.01%, in the previous year to 85,400, or 4.42%. In addition to the grant of 47,800 fifth-series stock acquisition rights, 16,000 shares were added during the current year through exercise of existing rights. - FY2026-H1WorsenedAnnual report
「Class, details and number of shares underlying the stock acquisition rights: Common shares, 47,800.」
A newly granted fifth series of stock acquisition rights covered 47,800 shares and may be exercised from July 2027 through July 2035. In addition, 16,000 issued shares were added during the interim period through exercise of existing stock acquisition rights, expanding future potential dilution exposure. - FY2025MitigatedAnnual report
「As of the filing date, the number of potential shares represented by these stock options was 58,100, equivalent to 3.01% of the 1,932,700 issued shares as of the filing date.」
The potential-share ratio declined from 77,400 shares and 4.04% in the previous year to 58,100 shares and 3.01%. During the current year, 3,200 shares were issued through the exercise of stock acquisition rights. - FY2025-H1MaterialisedAnnual report
「The increase resulted from the exercise of stock acquisition rights (stock options).」
The number of issued shares actually increased by 3,200 on 17 June 2024 through the exercise of stock options, resulting in dilution affecting existing shareholders. - FY2024First statedAnnual report
「As of the filing date, the number of potential shares represented by these stock options was 77,400, equivalent to 4.04% of the 1,916,700 issued shares as of the filing date.」
Indicates the possibility that exercise of stock acquisition rights may dilute existing shareholders’ share value and voting percentages.