Dilution of share value through the exercise of stock acquisition rights
First written in FY2016. 5 of 11 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2026.
SLD Entertainment moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
52 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The exercise period for the fourth series of stock acquisition rights issued by the Company pursuant to a resolution of the Board of Directors dated 29 June 2015 ended on 29 June 2025.」
The exercise period for the fourth series of stock acquisition rights ended, reducing the potential for future dilution of shareholder value attributable to those rights. - FY2024RestatedAnnual report
「Number of stock acquisition rights 11[11]」
The disclosure states that 11 stock acquisition rights, representing 1,100 underlying common shares, remain outstanding, with an exercise period from 1 July 2017 to 29 June 2025. Even after the former fifth series of stock acquisition rights lapsed, the potential for dilution from other stock options remains. - FY2023-Q2MitigatedAnnual report
「Payments for the purchase and cancellation of stock acquisition rights」
The Company recorded ¥1.771 million in payments for the purchase and cancellation of stock acquisition rights under financing activities, implementing a measure to reduce the potential for future dilution. - FY2022MitigatedAnnual report
「These stock acquisition rights expired because the exercise period ended on 9 May 2022.」
The exercise period for the fifth series of stock acquisition rights expired, causing those rights to lapse and reducing the potential for future dilution attributable to them. - FY2020MaterialisedAnnual report
「The increase of 163,584 common shares in the total number of shares issued resulted from the issuance of 93,984 shares through a third-party allotment involving a contribution in kind (debt-equity swap), and the issuance of 69,600 shares upon the exercise of stock acquisition rights.」
In addition to the issuance of 93,984 shares through a debt-equity swap, 69,600 shares were issued upon the exercise of stock acquisition rights, and dilution actually progressed. - FY2020-Q3MaterialisedAnnual report
「(Note) Between 1 December 2019 and 31 December 2019, the total number of shares issued increased by 27,000 shares, while stated capital and capital reserves each increased by ¥14.708 million, as a result of the exercise of stock acquisition rights.」
After the end of the quarter, 27,000 shares were issued upon the exercise of stock acquisition rights, increasing total shares issued, stated capital and capital reserves. Dilution has continued to occur in practice. - FY2020-Q1MaterialisedAnnual report
「The Company issued 93,984 common shares through a third-party allotment, with 7 May 2019 as the payment date.」
The Company issued 93,984 new shares through a third-party allotment, increasing the total number of shares issued from 1,397,280 to 1,491,264. Including the issuance of stock acquisition rights, the potential for dilution became more concrete. - FY2019MaterialisedAnnual report
「The increase of 15,000 shares in the total number of shares issued during the fiscal year resulted from the exercise of stock acquisition rights.」
During the fiscal year, 15,000 shares were issued upon the exercise of stock acquisition rights, increasing the total number of shares issued from 1,382,280 to 1,397,280. Dilution has continued to occur in practice. - FY2019-Q3MaterialisedAnnual report
「Proceeds from the issuance of shares upon exercise of stock acquisition rights: ¥2.844 million」
Shares were issued upon the exercise of stock acquisition rights, increasing the total number of shares issued from 1,382,280 at the end of the previous fiscal year to 1,389,780. Dilution from potential shares has actually occurred. - FY2017MitigatedAnnual report
「As of 31 May 2017, the number of potential shares from stock acquisition rights was 91,700, equivalent to 7.0% of the total 1,307,280 shares issued.」
The number of potential shares decreased from 97,300 shares, or 7.5%, to 91,700 shares, or 7.0%. - FY2016First statedAnnual report
「As of 31 May 2016, the number of potential shares from stock acquisition rights was 97,300, equivalent to 7.5% of the total 1,302,280 shares issued. If these stock acquisition rights are exercised, the total number of shares issued may increase, diluting the equity value per share.」
The disclosure shows the number of potential shares and their percentage of total shares issued, highlighting the potential for future dilution.