Dilution of Share Value Through Stock Options
First written in FY2024. 2 of 5 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026.
Dive Group moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
69 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「1 July 2025–30 June 2026 108,300 8,600,775 6,173」
The exercise of stock acquisition rights resulted in the issuance of 108,300 shares during the fiscal year, with dilution of shareholder value continuing to materialize through actual share issuance. - FY2026-H1MaterialisedAnnual report
「Increase or decrease in total number of issued shares: 76,800.」
The exercise of stock acquisition rights increased issued shares by 76,800 during the interim accounting period, resulting in actual share issuance and dilution. - FY2025WorsenedAnnual report
「Fourth Series Stock Acquisition Rights: type, content and number of shares underlying the stock acquisition rights: common shares, 175,500.」
New Fourth Series Stock Acquisition Rights were issued, adding a potential dilution factor of up to 175,500 shares. All Third Series Stock Acquisition Rights were acquired and cancelled. - FY2025-H1RestatedAnnual report
「During the interim accounting period, no new business risks arose. There were also no material changes to the business risks described in the securities report for the previous fiscal year.」
The company explicitly states that there were no material changes to the risk of dilution from stock options. - FY2024First statedAnnual report
「If stock options are exercised in the future, the value of our shares may be diluted.」
Although stock options are intended to encourage officers and employees to improve performance, dilution upon exercise is identified as a risk.