Potential Dilution from the Exercise of Stock Acquisition Rights
First written in FY2025. 2 of 5 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026.
Green Monster 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
「On 31 July 2026, after the end of the consolidated fiscal year, the Company issued the seventh, eighth and ninth stock acquisition rights through a third-party allotment, representing 650,000 potential shares. If these stock acquisition rights are exercised, dilution of 19.61% is expected against the 3,314,900 shares issued as of 15 July 2026, or 20.11% on a voting-rights basis.」
In addition to the 5.52% potential share ratio from existing stock options, the Company disclosed expected dilution of up to 19.61% from stock acquisition rights issued through a third-party allotment. - FY2026-H1MaterialisedAnnual report
「The increase resulted from the exercise of stock options.」
From 1 July through 31 December 2025, the number of shares issued increased by 49,400 through the exercise of stock options, meaning the increase in shares from the exercise of potential shares actually occurred. - FY2025First statedAnnual report
「As of the end of the consolidated fiscal year, the number of potential shares attributable to stock acquisition rights was 289,600, equivalent to 9.24% of the 3,132,800 shares issued, excluding treasury shares.」
The company discloses the dilution risk from stock-option exercises, assigning a high probability of occurrence, an expected occurrence within 1 year, and a potential-share ratio of 9.24%.