Share Dilution from Stock Options
First written in FY2024. 3 of 5 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
53 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「At the end of the fiscal year, the number of potential shares from stock acquisition rights was 129,500, equivalent to 4.8% of the total 2,701,300 issued shares, or 4.6% of the total 2,830,800 shares including potential shares.」
Although 14,900 shares were issued upon the exercise of stock acquisition rights, the ratio of potential shares to total issued shares declined from 5.4% to 4.8%. - FY2026-H1MaterialisedAnnual report
「1 July 2025–31 December 2025 (Note) 5,900 Increase due to the exercise of stock acquisition rights.」
During the interim accounting period, 5,900 shares were issued through the exercise of stock acquisition rights, continuing to crystallize the dilution risk from potential shares. - FY2025MaterialisedAnnual report
「In addition, the exercise of stock acquisition rights resulted in an increase of 18,900 shares.」
During the fiscal year, 18,900 shares were issued through the exercise of stock acquisition rights. At fiscal year-end, potential shares totaled 146,100, or 5.4% of shares issued, down from 6.7% previously. - FY2025-H1MaterialisedAnnual report
「1 July 2024–31 December 2024 (Note 3) 200 Increase due to the exercise of stock acquisition rights.」
During the interim accounting period, 200 shares were issued through the exercise of stock acquisition rights, partially crystallizing the dilution risk from potential shares. - FY2024First statedAnnual report
「As of the filing date of this document, the number of potential shares represented by stock acquisition rights was 170,300, equivalent to 6.7% of the 2,525,000 shares issued, or 6.3% of the total 2,695,300 shares including potential shares.」
The disclosure addresses the potential issuance of shares upon exercise of stock acquisition rights and dilution of existing shareholders’ value and voting rights.