Dilution of Share Value and Voting Rights Through the Exercise of Stock Acquisition Rights
First written in FY2022. 1 of 4 entries say "Restated". Latest entry: FY2026-H1.
Home Position moved to the "Worse" side of this theme in 2024, 3 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".
- FY2026-H1MaterialisedAnnual report
「35,202 9,395,400 5,737 1,401,556 5,737 1,301,556 (Note) Increase due to the exercise of stock acquisition rights.」
The exercise of stock acquisition rights increased the number of shares by 35,202 during the interim accounting period, increasing total shares issued, share capital and capital reserves. An event associated with dilution risk has materialized as an actual increase in shares. - FY2024WorsenedAnnual report
「As of the date of submission of this document, the number of potential shares attributable to stock acquisition rights is 363,202 shares, equivalent to 3.9% of the total 9,360,198 shares issued. The future exercise of these stock acquisition rights will result in significant dilution of the value of shares held by existing shareholders and their voting rights.」
Although the potential share ratio attributable solely to stock acquisition rights declined from 6.7% to 3.9%, the Company issued 3,333,400 shares through a private placement, resulting in significant dilution for existing shareholders. - FY2023RestatedAnnual report
「As of the date of submission of this document, the number of potential shares attributable to stock acquisition rights is 400,000 shares, equivalent to 6.7% of the total 5,990,000 shares issued. The future exercise of these stock acquisition rights could dilute, to some extent, the value of the Company's shares held by existing shareholders and their voting rights, and could also affect, to some extent, the supply and demand for share trading and the formation of the Company's share price.」
The Company continues to disclose the dilution risk represented by 400,000 potential shares, equivalent to 6.7% of total shares issued. - FY2022First statedAnnual report
「As of the date of submission of this document, the number of potential shares attributable to stock acquisition rights is 400,000 shares, equivalent to 6.7% of the total 5,990,000 shares issued. The future exercise of these stock acquisition rights could dilute, to some extent, the value of the Company's shares held by existing shareholders and their voting rights.」
The disclosure indicates 400,000 potential shares, equivalent to 6.7% of total shares issued, and explains the possibility of dilution upon future exercise.