Potential dilution from the exercise of stock acquisition rights
First written in FY2023. 7 of 10 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2026.
Base Food moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
70 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「These stock acquisition rights are being issued to further enhance the motivation and morale of the company's directors and employees. All exercised stock acquisition rights are expected to be settled with treasury shares, representing a maximum of approximately 1.61% of the 54,752,100 total issued shares as of 22 May 2026. A certain degree of dilution of voting rights will occur.」
New paid stock options were issued, establishing the potential for dilution of up to approximately 1.61%. - FY2025MaterialisedAnnual report
「As of the end of February 2025, potential shares represented approximately 1.4% of total issued shares.」
The exercise of stock acquisition rights resulted in the issuance of 1,058,400 shares during the fiscal year, and the company disclosed potential shares equivalent to 1.4%. - FY2025-H1MaterialisedAnnual report
「The exercise of stock acquisition rights increased total issued shares by 621,500, stated capital by ¥28.659 million, and capital surplus by ¥28.612 million.」
The exercise of stock acquisition rights continued, increasing issued shares, stated capital, and capital surplus. - FY2025-Q1MaterialisedAnnual report
「The exercise of stock acquisition rights increased total issued shares by 416,500, stated capital by ¥26.299 million, and capital surplus by ¥26.252 million.」
The exercise of stock acquisition rights continued during the first quarter, increasing issued shares, stated capital, and capital surplus. - FY2024-Q3MaterialisedAnnual report
「1 September 2023– 30 November 2023 (Note) 145,000 52,650,900 1,640 1,124,018 1,640 1,534,488 (Note) 1. The exercise of stock acquisition rights increased total issued shares by 145,000 and increased stated capital and capital surplus by ¥1.640 million each. 2. Between 1 December 2023 and 31 December 2023, the exercise of stock acquisition rights increased total issued shares by 446,300 and increased stated capital and capital surplus by ¥5.538 million each.」
The exercise of stock acquisition rights continued during the third quarter and after the end of the quarter, increasing the number of shares, stated capital, and capital surplus. - FY2024-Q2MaterialisedAnnual report
「The exercise of stock acquisition rights increased total issued shares by 1,401,900, stated capital by ¥17.547 million, and capital surplus by ¥17.312 million.」
The exercise of stock acquisition rights continued, increasing total issued shares and related balances in the second quarter under review. - FY2024-Q1MaterialisedAnnual report
「The exercise of stock acquisition rights increased total issued shares by 234,300, and increased stated capital and capital surplus by ¥2.730 million each.」
Stock acquisition rights were actually exercised, increasing total issued shares by 234,300. - FY2023First statedAnnual report
「As of the end of February 2023, potential shares represented 8.7% of total issued shares. If these stock acquisition rights are exercised, shares in the company will be issued, potentially diluting the value of shares held by existing shareholders and their voting rights percentage.」
The company reports potential shares equivalent to 8.7% and identifies dilution resulting from the exercise of stock acquisition rights as a risk.