Potential Dilution from the Exercise of Stock Acquisition Rights
First written in FY2024. 3 of 5 entries say "Materialised", first in 2026-04-14. Latest entry: FY2026.
D&M Company moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
56 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「If these stock acquisition rights are exercised, the value of the Company's shares may be diluted.」
The Company discloses total potential shares of 578,800, equivalent to 24.98% of total shares issued. In addition, shares were issued during the fiscal year upon the exercise of rights representing 25,000 shares underlying convertible bonds with stock acquisition rights and 24,000 shares underlying stock options, resulting in partial actual dilution. - FY2026-H1WorsenedAnnual report
「The total number of shares underlying the sixth series of stock acquisition rights is 150,000 (6.61% of the total number of shares issued as of 31 May 2025).」
The Company newly issued a total of 350,000 shares underlying the sixth and seventh series of stock acquisition rights and 150,000 shares underlying the first series of unsecured convertible bonds with stock acquisition rights. Potential shares totaled a maximum of 500,000, while no stock acquisition rights were exercised during the current interim accounting period. Dilution had therefore not yet actually occurred. - FY2024First statedAnnual report
「As of the end of July 2024, the number of potential shares represented by stock acquisition rights was 76,000, equivalent to 3.38% of the Company's 2,246,000 issued shares. If these stock acquisition rights are exercised, the value of the Company's shares may be diluted.」
The Company discloses the number of potential shares and their percentage of total shares issued and identifies dilution through the exercise of stock acquisition rights as a risk.