Dilution of Existing Shareholdings Due to Stock Option Exercise
First written in FY2023. 9 of 10 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2026.
St.Cousair 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.
69 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「As of 31 March 2026, the number of potential shares underlying these stock options was 75,400, equivalent to 0.8% of the total 9,305,000 shares issued.」
During the fiscal year, 40,800 stock acquisition rights were exercised, leaving 75,400 potential shares outstanding at fiscal year-end, equivalent to 0.8% of the total shares issued. - 2026-05-27MaterialisedGeneral Meetings of Shareholders
「(Note) The number of shares increased by 40,800 due to the exercise of stock acquisition rights.」
The exercise of stock acquisition rights during the fiscal year increased the number of shares outstanding, resulting in actual dilution. - FY2026-H1MaterialisedAnnual report
「1 April 2025–30 September 2025 (Note) 7,800 shares」
During the interim period, 7,800 shares were issued through the exercise of stock acquisition rights, and dilution continued to materialize. - FY2025MaterialisedAnnual report
「As of 31 March 2025, the number of potential shares underlying these stock options was 116,800, equivalent to 1.3% of the total 9,264,200 shares issued.」
During the fiscal year, a further 34,000 shares were issued through the exercise of stock acquisition rights, leaving 116,800 potential shares outstanding at fiscal year-end, equivalent to 1.3% of the total shares issued. - FY2025-H1MaterialisedAnnual report
「1 April 2024–30 September 2024 (Note) 6,000 shares」
During the interim period, 6,000 shares were issued through the exercise of stock acquisition rights, and dilution from stock options continued to materialize. - FY2024MaterialisedAnnual report
「As of 31 March 2024, the number of potential shares underlying these stock options was 151,800, equivalent to 1.6% of the total 9,230,200 shares issued.」
During the fiscal year, 162,000 shares were issued through the exercise of stock acquisition rights, resulting in actual dilution, while 151,800 potential shares remained outstanding at fiscal year-end. - FY2024-Q3MaterialisedAnnual report
「1 October 2023–31 December 2023 (Note) 58,600 shares」
During the third quarter, 58,600 shares were added through the exercise of stock acquisition rights, converting a further portion of the potential shares into issued shares. - FY2024-Q2MaterialisedAnnual report
「1 July 2023–30 September 2023 (Note) 47,400 shares」
During the second quarter, 47,400 shares were added through the exercise of stock acquisition rights, converting a further portion of the potential shares underlying stock options into issued shares. - FY2024-Q1MaterialisedAnnual report
「The increase was due to the exercise of stock acquisition rights (stock options).」
During the first quarter, 38,000 shares were added through the exercise of stock options, converting part of the potential shares into issued shares. - FY2023First statedAnnual report
「As of 31 March 2023, the number of potential shares underlying these stock options was 314,400, equivalent to 3.5% of the total 9,068,200 shares issued.」
The company identifies the dilution of existing shareholders' value and voting rights upon exercise of stock options as a risk, presenting the number and ratio of potential shares.