Potential Share Dilution from Stock Option Exercise
First written in FY2017-Q3. 16 of 22 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2025-H1.
TerraSky moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Class, details and number of shares underlying the Stock Acquisition Rights* Common shares 670,000」
The potential share exposure of 670,000 shares associated with the Fifth Stock Acquisition Rights was reiterated. - FY2024WorsenedAnnual report
「Number of potential shares resulting from the issuance 670,000 shares (100 shares per Stock Acquisition Right)」
The issuance of the Fifth Stock Acquisition Rights to NTT DATA added a maximum of 670,000 potential shares. The increase in shares resulting from the exercise of existing stock acquisition rights also continued, expanding potential dilution exposure. - FY2024-Q3MaterialisedAnnual report
「Between 1 September 2023 and 30 November 2023, the total number of shares issued increased by 3,200 as a result of new shares issued through the exercise of the First Stock Acquisition Rights, while capital stock and the capital reserve each increased by ¥160,000.」
The exercise of the First Stock Acquisition Rights resulted in the issuance of 3,200 shares, and potential share dilution was realized. - FY2024-Q2MaterialisedAnnual report
「Between 1 June 2023 and 31 August 2023, the total number of shares issued increased by 8,000 as a result of new shares issued through the exercise of the First Stock Acquisition Rights, while capital stock and the capital reserve each increased by ¥400,000.」
The exercise of the First Stock Acquisition Rights resulted in the issuance of 8,000 shares, and potential share dilution was realized. An additional 3,200 shares were issued by the filing date. - FY2024-Q1MaterialisedAnnual report
「Between 1 March 2023 and 31 May 2023, the total number of shares issued increased by 6,080 as a result of new shares issued through the exercise of the First Stock Acquisition Rights, while capital stock and the capital reserve each increased by ¥304,000.」
The exercise of the First Stock Acquisition Rights resulted in the issuance of 6,080 shares, realizing part of the potential dilution. - FY2023MitigatedAnnual report
「The exercise period for the Third Stock Acquisition Rights expired on 6 December 2022, and the rights lapsed.」
With the expiration of the exercise period for the Third Stock Acquisition Rights, the possibility of future share issuance associated with those rights was eliminated. - FY2023-Q3MaterialisedAnnual report
「Between 1 September 2022 and 30 November 2022, the total number of shares issued increased by 63,200 as a result of new shares issued through the exercise of the First and Third Stock Acquisition Rights, while capital stock and the capital reserve each increased by ¥33.730 million.」
The exercise of the First and Third Stock Acquisition Rights resulted in the issuance of 63,200 shares, and potential share dilution was realized. - FY2022MaterialisedAnnual report
「Increase resulting from the exercise of stock acquisition rights (stock options) 27,200 shares」
During the fiscal year, 27,200 shares were issued through the exercise of stock acquisition rights, further realizing potential dilution. - FY2022-Q3MaterialisedAnnual report
「Between 1 September 2021 and 30 November 2021, the total number of shares issued increased by 9,600 shares through the issuance of new shares upon exercise of the first and third stock acquisition rights.」
Exercise of the first and third stock acquisition rights resulted in the actual issuance of 9,600 new shares during the quarter, advancing potential share dilution. - FY2022-Q2MaterialisedAnnual report
「Between 1 June 2021 and 31 August 2021, the total number of shares issued increased by 6,400 shares through the issuance of new shares upon exercise of the first and third stock acquisition rights. Capital stock and the capital reserve each increased by ¥2,358 thousand.」
Exercise of the first and third stock acquisition rights resulted in the actual issuance of 6,400 new shares during the quarter. - FY2022-Q1MaterialisedAnnual report
「Between 1 March 2021 and 31 May 2021, the total number of shares issued increased by 8,000 shares through the issuance of new shares upon exercise of the third stock acquisition rights. Capital stock and the capital reserve each increased by ¥4,476 thousand.」
Exercise of the third stock acquisition rights resulted in the actual issuance of 8,000 new shares during the quarter. - FY2021-Q3MaterialisedAnnual report
「Between 1 September 2020 and 30 November 2020, the total number of shares issued increased by 54,800 shares through the issuance of new shares upon exercise of the first, second and third stock acquisition rights. Capital stock and the capital reserve each increased by ¥25,792 thousand.」
Exercise of the first, second and third stock acquisition rights resulted in the actual issuance of 54,800 new shares during the quarter, advancing potential dilution. - FY2021-Q2MaterialisedAnnual report
「Between 1 June 2020 and 31 August 2020, the total number of shares issued increased by 46,080 shares through the issuance of new shares upon exercise of the first and third stock acquisition rights. Capital stock and the capital reserve each increased by ¥18,608 thousand.」
Exercise of the first and third stock acquisition rights resulted in the actual issuance of 46,080 new shares, advancing potential share dilution. - FY2020MitigatedAnnual report
「Of the 1,824 remaining fourth stock acquisition rights issued through a third-party allotment dated 9 May 2018, the Board of Directors resolved at its meeting held on 27 January 2020 to acquire and cancel all of them, and all were cancelled on 10 February 2020.」
All 1,824 remaining fourth stock acquisition rights were acquired and cancelled, reducing the possibility of future additional share issuance under those rights. - FY2020-Q1MaterialisedAnnual report
「Number of such bonds with stock acquisition rights and other instruments exercised during the quarter (units) 166 Number of shares delivered upon exercise during the quarter (shares) 33,200 Average exercise price and other amounts relating to exercises during the quarter (¥) 1,853.4 Funds raised through exercises during the quarter (¥ thousands) 61,531 Cumulative number of such bonds with stock acquisition rights and other instruments exercised as of the end of the quarter (units) 4,176 Cumulative number of shares delivered under such bonds with stock acquisition rights and other instruments as of the end of the quarter (shares) 835,200」
Of the stock acquisition rights with exercise price adjustment clauses, 166 units were exercised in the first quarter and 33,200 shares were delivered. Cumulative shares delivered reached 835,200, meaning that potential dilution continued to materialize. - FY2019MaterialisedAnnual report
「Number of such bonds with stock acquisition rights and other instruments exercised during the period (units) 684 4,010 Number of shares delivered upon exercise during the period (shares) 68,400 401,000 Funds raised through exercises during the period (¥ thousands) 197,967 1,192,893」
Of the fourth stock acquisition rights and other instruments, a cumulative 4,010 units were exercised and 401,000 shares were delivered. Potential dilution has further materialized. - FY2019-Q3MaterialisedAnnual report
「Number of such bonds with stock acquisition rights and other instruments exercised during the quarter (units) 1,028 Number of shares delivered upon exercise during the quarter (shares) 102,800 Funds raised through exercises during the quarter (¥ thousands) 304,965 Cumulative number of such bonds with stock acquisition rights and other instruments exercised as of the end of the quarter (units) 3,326 Cumulative number of shares delivered under such bonds with stock acquisition rights and other instruments as of the end of the quarter (shares) 332,600」
Of the fourth stock acquisition rights and other instruments, 1,028 units were exercised in the third quarter and 102,800 shares were delivered. Cumulative shares delivered reached 332,600, meaning that potential dilution continued to materialize. - FY2019-Q2MaterialisedAnnual report
「During the second 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.」
Of the fourth stock acquisition rights and other instruments, 2,227 units were exercised in the second quarter and 222,700 shares were delivered. The realization of potential dilution has advanced significantly from the previous quarter. - FY2019-Q1MaterialisedAnnual report
「During the first quarter, stock acquisition rights relating to bonds with stock acquisition rights and other instruments with exercise price adjustment clauses were exercised as follows. Number of such bonds with stock acquisition rights and other instruments exercised during the quarter (units) 71 Number of shares delivered upon exercise during the quarter (shares) 7,100 Funds raised through exercises during the quarter (¥ thousands) 20,109」
Of the stock acquisition rights with exercise price adjustment clauses, including the fourth stock acquisition rights, 71 units were exercised during the quarter, resulting in the delivery of 7,100 shares and actual fundraising of ¥20,109 thousand. - FY2018WorsenedAnnual report
「The class and total number of shares underlying these stock acquisition rights shall be 600,000 shares of the company's common stock (the number of shares underlying each stock acquisition right, hereinafter the "number of allocated shares," shall be 100 shares).」
The fourth stock acquisition rights added up to 600,000 potential shares. Issuance and payment for the stock acquisition rights had been completed, but this disclosure alone does not indicate an increase in shares through exercise. - FY2018-Q3MaterialisedAnnual report
「1 September 2017–30 November 2017 7,160 2,867,560 (Note) 1. The increase resulted from the exercise of stock options.」
The number of shares issued increased by 7,160 shares as a result of stock option exercises, meaning that part of the potential dilution had actually materialized as an increase in shares. - FY2017-Q3First statedAnnual report
「If all of these stock acquisition rights are exercised, the total number of the company's common shares issued will increase by an amount equivalent to 1.63% of the total number of shares issued. However, achievement of predetermined performance targets is an exercise condition, and the company recognizes that achieving those targets would contribute to an increase in corporate value and shareholder value.」
Disclosed potential share issuance upon full exercise as equivalent to 1.63% of total shares issued. Achievement of performance targets is an exercise condition, and the disclosure does not state that dilution had actually occurred at that point.