Dilution of Share Value from Stock Options
First written in FY2016. 2 of 6 entries say "Mitigated", first in FY2017. Latest entry: FY2023.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
53 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Decrease due to the exercise of stock acquisition rights: 607,100 shares Decrease due to the acquisition and cancellation of stock acquisition rights: 972,900 shares」
Of the 1,580,000 shares underlying the Series 6 stock acquisition rights, 607,100 were issued upon exercise and 972,900 were acquired and cancelled, leaving a zero balance at the end of the period. The remaining potential-share factor was eliminated, while the disposal of shares upon exercise actually occurred. - FY2023-Q3MaterialisedAnnual report
「During the third quarter accounting period, the stock acquisition rights related to bonds with stock acquisition rights subject to conditions for revising the exercise price were exercised as follows.」
During the third quarter accounting period, 6,071 stock acquisition rights were exercised and 607,100 shares were delivered. Cumulative funds raised totaled ¥665.988 million, and the dilution factor from potential shares progressed as actual share deliveries. - FY2023-Q2MaterialisedAnnual report
「Some of the Series 6 stock acquisition rights issued on 12 January 2022, with an exercise-price adjustment clause, were exercised as described below between 6 October 2022 and 31 October 2022, after the end of the six-month period of the current second quarter, and treasury shares were disposed of.」
Some of the issued stock acquisition rights were exercised after the quarter-end, resulting in the disposal of 307,100 treasury shares. The dilution factor from potential shares materialized as an actual disposal of shares. - FY2022-Q3WorsenedAnnual report
「The number of potential shares from this issuance is 1,580,000, and will not change.」
The resolution to issue stock acquisition rights through a private placement identified 1,580,000 potential shares as a new source of dilution. - FY2017MitigatedAnnual report
「However, because these stock acquisition rights breached the exercise conditions, all of them lapsed on 12 May 2017.」
All stock acquisition rights representing 1,008,000 potential shares, equivalent to 9.0% of the total number of issued shares, lapsed, reducing the existing dilution risk. - FY2016First statedAnnual report
「The number of potential shares relating to these stock acquisition rights is 1,848,000, equivalent to 15.3% of the total number of issued shares, including potential shares, as of 31 March 2016.」
Provides specific disclosure of the number of potential shares from stock options and the percentage relative to the total number of issued shares.