Risk of dilution of share value and voting rights from restricted stock compensation
First written in FY2024. 2 of 3 entries say "Worsened", first in FY2025. Latest entry: 2026-06-23.
SAKURA internet moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2018: 9 of 9 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- 2026-06-23WorsenedShare Issuance and Disposal
「Class and number of shares to be disposed of: common stock of the company, 22,185 shares」
The company resolved to dispose of 22,185 treasury shares as restricted stock-based compensation, adding a specific potential source of dilution for existing shareholders' equity value and voting rights. The payment date is 8 July 2026. - FY2025WorsenedAnnual report
「The company also issued new shares through a public offering in June 2024 and may conduct financings involving the issuance of new shares as necessary in the future. If these disposals of treasury shares or issuances of new shares take place, the value of shares held by existing shareholders and their voting rights may be diluted.」
In addition to the dilution risk from existing restricted stock compensation, the company explicitly disclosed the public offering conducted in June 2024 and the possibility of future financings involving the issuance of new shares, broadening the range of potential dilution factors. - FY2024First statedAnnual report
「In the fiscal year ending March 2025, the company also plans to dispose of treasury shares as restricted stock for the eligible directors and executive officers subject to the allocation. If this occurs, the value of shares held by existing shareholders and their voting rights may be diluted.」
The company disclosed the scale of the disposal of treasury shares under the restricted stock compensation plan, with an annual amount of no more than ¥100 million and an annual limit of 200,000 shares for directors, and an annual amount of approximately ¥45 million for executive officers, as well as its policy of making disposals in the fiscal year ending March 2025. The risk of dilution of existing shareholders' share value and voting rights was newly stated explicitly.