Risk of Shareholder Value Dilution from Stock Option Exercises
First written in FY2018. 6 of 15 entries say "Mitigated", first in FY2019. Latest entry: FY2027-H1.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2027-H1ReframedAnnual report
「The subscription rights issued during the current interim accounting period were as follows: / 7th Series Subscription Rights Common shares 150,000 / 8th Series Subscription Rights Common shares 150,000 / 9th Series Subscription Rights Common shares 75,000」
While the outstanding unexercised balance of the previous stock options has been eliminated, new subscription rights from the 7th through the 9th series were issued, and potential shares underlying a total of 375,000 shares were disclosed. - 2026-10-01RestatedShare Issuance and Disposal
「対象月間中に行使された新株予約権の数及び発行総数に対する行使比率 0個（発行総数の0.00％）」
2026年9月は第7回から第9回までの新株予約権について行使がなく、9月末時点の累計行使比率は第7回2.33％、第8回0.00％、第9回0.00％となった。 - 2026-09-26Advancedwww.nikkei.com
「アズ企画設計: Information on the financial results briefing for the second quarter of the fiscal year ending February 2027」
The planned financial results briefing was presented as a specific investor communications and dialogue initiative. - FY2025AchievedAnnual report
「Options for 1,000 shares were exercised from the 1,000 shares outstanding at the end of the previous consolidated fiscal year, leaving none unexercised.」
All 1,000 remaining stock options were exercised, leaving no unexercised options. The potential dilution risk from stock options has been eliminated for this plan. - FY2024MitigatedAnnual report
「Of the stock options outstanding during the consolidated fiscal year, options for 4,500 shares were exercised from the 2,000 shares outstanding at the end of the previous consolidated fiscal year, leaving 1,000 shares unexercised.」
Stock options for 4,500 shares were exercised, reducing the outstanding unexercised balance from 2,000 shares to 1,000 shares. The potential for dilution remains, but the number of remaining shares has declined. - FY2023MitigatedAnnual report
「Exercised — Expired 500 Outstanding unexercised 2,000」
Stock options for 500 shares expired, reducing the outstanding unexercised balance from 2,500 shares in the previous fiscal year to 2,000 shares. - FY2022MitigatedAnnual report
「Exercised 6,500 Expired — Outstanding unexercised 2,500」
Stock options for 6,500 shares were exercised during the fiscal year, leaving 2,500 unexercised. The potential for dilution from the potential shares remains, but the number of remaining shares has declined from the previous fiscal year. - FY2021MitigatedAnnual report
「Common shares 12,500 (Note 1) (Note 5)」
The number of shares underlying the subscription rights declined from 13,000 in the previous fiscal year to 12,500. The exercise period runs through 16 January 2025, and the potential for dilution remains. - FY2020MitigatedAnnual report
「As of the end of the current fiscal year, the total number of potential shares underlying stock-option subscription rights was 13,000, representing 1.37% of the 951,000 shares outstanding.」
The number and percentage of potential shares declined from 14,500 and 1.52% in the previous fiscal year to 13,000 and 1.37%, respectively, but the potential for dilution remains. - FY2019MitigatedAnnual report
「As of the end of the current fiscal year, the total number of potential shares underlying stock-option subscription rights was 14,500, representing 1.52% of the 951,000 shares outstanding. If these subscription rights are exercised, the equity value per share may be diluted.」
The number of potential shares declined from 30,000, or 3.19%, in the previous disclosure to 14,500, or 1.52%, but the potential for dilution through exercise remains. - FY2018First statedAnnual report
「As of the filing date, the total number of potential shares under the stock option plan was 30,000, representing 3.19% of the 940,500 issued shares.」
Disclosed 30,000 potential shares, representing 3.19% of total shares outstanding, indicating the potential dilution of per-share equity value upon exercise.