Dilution of equity value through stock options
First written in FY2016. 10 of 20 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2026.
GREE Holdings moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
71 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Decrease due to the exercise of stock options 226,100 shares」
During the fiscal year, 226,100 shares were issued as a result of the exercise of new share subscription rights, converting part of the potential dilution into actual shares. - FY2023MaterialisedAnnual report
「Decrease due to the exercise of stock options 131,300 shares」
During the fiscal year, 131,300 shares increased as a result of the exercise of new share subscription rights, converting part of the potential dilution into actual shares. - FY2023-Q2WorsenedAnnual report
「The new share subscription rights issued during the second quarter accounting period are as follows. Resolution of the Board of Directors dated 27 September 2022; number of new share subscription rights: 1,243; class, description and number of shares underlying the new share subscription rights: 124,300 common shares; exercise period for the new share subscription rights: from 14 October 2022 to 13 October 2032.」
During the second quarter accounting period, new share subscription rights covering 124,300 common shares were issued, adding potential dilution exposure for existing shareholders. - FY2022MaterialisedAnnual report
「Decrease due to the exercise of stock options 170,100 shares」
During the fiscal year, 170,100 shares decreased as a result of the exercise of new share subscription rights, converting part of the potential dilution into actual shares. - FY2022-Q2WorsenedAnnual report
「Number of new share subscription rights (units)* 11,970 Class, description and number of shares underlying the new share subscription rights (shares)* Common shares 1,197,000 Number of new share subscription rights (units)* 912 Class, description and number of shares underlying the new share subscription rights (shares)* Common shares 91,200」
During the second quarter accounting period, new share subscription rights covering a total of 1,288,200 common shares were issued, adding potential dilution exposure for existing shareholders. - FY2021WorsenedAnnual report
「At the 17th Annual General Meeting of Shareholders held on 28 September 2021, we introduced market-capitalization-based stock options, in addition to the conventional stock options, to provide a stronger incentive to increase market capitalization in the future.」
In addition to the conventional stock options, market-capitalization-based stock options were introduced, allowing up to 20,000 new share subscription rights to be issued and adding potential dilution exposure. - FY2021-Q2WorsenedAnnual report
「The stock acquisition rights issued during the second quarter accounting period were as follows.」
In connection with the resolution dated 29 September 2020, 1,800 stock acquisition rights, representing 180,000 underlying common shares, were issued. Additional potential dilution exposure has been added. - FY2020-Q2WorsenedAnnual report
「Number of stock acquisition rights (units) ※ 1,950 Class, description and number of shares underlying the stock acquisition rights (shares) ※ Common shares 195,000」
During the second quarter accounting period, 1,950 stock acquisition rights, representing 195,000 underlying common shares, were issued, adding potential dilution exposure. An increase of 18,500 shares through the exercise of rights was also reported for the same period. - FY2019WorsenedAnnual report
「1 July 2018–30 June 2019 (Note) Increase through the exercise of stock acquisition rights 40,300 shares」
During the period, the number of shares increased by 40,300 through the exercise of stock acquisition rights, while 294,400 shares represented by the Tenth Series of Stock Acquisition Rights were granted, adding potential dilution exposure. - FY2019-Q3MaterialisedAnnual report
「1 January 2019–31 March 2019 (Note) 13,300 242,231,200 3 2,362 3 2,360 (Note) Increase through the exercise of stock acquisition rights.」
From 1 January 2019 to 3 March 2019, the number of shares increased by 13,300 through the exercise of stock acquisition rights, converting part of the potential dilution into actual shares. - FY2019-Q2WorsenedAnnual report
「Number of stock acquisition rights (units) 2,944 Class, description and number of shares underlying the stock acquisition rights (shares) Common shares 294,400」
During the second quarter accounting period, 2,944 stock acquisition rights, representing 294,400 underlying common shares, were issued, adding potential dilution exposure. - FY2019-Q1MaterialisedAnnual report
「1 July 2018–30 September 2018 (Note) 27,000 242,217,900 7 2,358 7 2,356 (Note) Increase through the exercise of stock acquisition rights.」
During the first quarter, the number of shares increased by 27,000 through the exercise of stock acquisition rights, converting part of the potential dilution into actual shares. - FY2018MaterialisedAnnual report
「Increase through the exercise of stock options 301,100 shares」
During the period, the number of shares increased by 301,100 through the exercise of stock acquisition rights, converting part of the potential dilution into actual shares. In addition, 367,700 shares represented by the Ninth Series of Stock Acquisition Rights were granted. - FY2018-Q3MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
From 1 January 2018 to 31 March 2018, the number of shares increased by 47,600 through the exercise of stock acquisition rights, converting part of the potential dilution into actual shares. - FY2018-Q2WorsenedAnnual report
「The stock acquisition rights issued during the second quarter accounting period were as follows.」
During the second quarter accounting period, 3,677 stock acquisition rights, representing 367,700 underlying shares, were issued. Additional potential dilution exposure for existing shareholders has been added. The exercise period runs from 13 October 2017 to 12 October 2027. - FY2018-Q1MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
During the first quarter, the number of shares increased by 60,000 through the exercise of stock acquisition rights, converting part of the potential dilution into actual shares. - FY2017MaterialisedAnnual report
「During the period from 1 July 2016 to 30 June 2017, the number of shares increased by 426,500 through the exercise of stock acquisition rights.」
426,500 shares were issued through the exercise of stock options, converting part of the potential dilution into actual shares. Potential shares at the end of the period totaled 707,200, or 0.29% of the total number of issued shares. - FY2017-Q3MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
It was reported that 39,800 shares were issued through the exercise of stock acquisition rights in the third quarter, converting part of the potential shares into actual shares. - FY2017-Q2WorsenedAnnual report
「The stock acquisition rights issued during the second quarter accounting period were as follows.」
1,667 stock acquisition rights, representing 166,700 underlying shares, were newly issued. Additional potential dilution exposure for existing shareholders has been added. quantified is true, while materialized is false because actual share dilution has not yet occurred. - FY2016First statedAnnual report
「As of the end of June 2016, the potential shares represented by these stock options totaled 967,000 shares, equivalent to 0.40% of the total number of issued shares of 241,463,300.」
The Company discloses the possibility that the exercise of stock acquisition rights could dilute the value of existing shareholders' shares and their voting rights.