Potential dilution from the exercise of stock acquisition rights
First written in FY2017. 8 of 23 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2027-H1.
Pr Times moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
33 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Type, details and number of shares underlying stock acquisition rights (shares)* Common shares 598,500 (Note 1)」
The issuance of the Eleventh Series Stock Acquisition Rights newly disclosed 598,500 potentially dilutive shares. Subject to EBITDA conditions from the fiscal year ending February 2029 through the fiscal year ending February 2031, the potential for dilution increased. - FY2026SoftenedAnnual report
「As of the end of the fiscal year, the number of potentially dilutive shares represented by stock acquisition rights was 430,600, equivalent to 3.2% of the total number of issued shares of 13,533,303 as of the same date.」
The number of potentially dilutive shares declined from 449,800 at the end of the previous fiscal year to 430,600, and the potentially dilutive share ratio declined from 3.3% to 3.2%. The Company indicated a policy of issuing new shares upon exercise. - FY2025SoftenedAnnual report
「As of the end of the fiscal year, the number of potentially dilutive shares represented by stock acquisition rights was 449,800, equivalent to 3.3% of the total number of issued shares of 13,502,238 as of the same date.」
The number of potentially dilutive shares declined from 483,800 at the end of the previous fiscal year to 449,800, and the potentially dilutive share ratio declined from 3.6% to 3.3%. - FY2025-H1MaterialisedAnnual report
「2. Between 1 September 2024 and 30 September 2024, the exercise of stock acquisition rights increased the total number of issued shares by 2,000 and increased both stated capital and capital surplus by ¥578 thousand.」
Although this occurred after the end of the interim period, 2,000 shares were issued through the exercise of stock acquisition rights, resulting in an actual supply of shares through the exercise of potentially dilutive instruments. - FY2024WorsenedAnnual report
「As of the end of the fiscal year, the number of potentially dilutive shares represented by stock acquisition rights was 483,800, equivalent to 3.6% of the total number of issued shares of 13,462,249 as of the same date.」
The potentially dilutive share ratio increased from 2.7% at the end of the previous fiscal year to 3.6%, and the number of potentially dilutive shares also increased from 361,000 to 483,800. - FY2024-Q3MaterialisedAnnual report
「At a meeting of its Board of Directors held on 20 November 2023, the Company resolved to dispose of treasury shares through a third-party allotment as part of this share acquisition (the “Treasury Share Disposal”), and carried out the disposal of treasury shares as follows.」
The Company disposed of 20,971 treasury shares as part of the consideration for the acquisition of NAVICUS, resulting in actual potential dilution from the supply of shares. - FY2024-Q2WorsenedAnnual report
「Type, details and number of shares underlying stock acquisition rights (shares)* Common shares 95,800 (Note 1) Type, details and number of shares underlying stock acquisition rights (shares)* Common shares 95,800 (Note 1)」
The issuance of the Ninth and Tenth Series Stock Acquisition Rights added a total of 191,600 potentially dilutive shares. The filing also disclosed the lapse of the Sixth Series Stock Acquisition Rights and the disposal of 2,000 treasury shares upon the exercise of stock options. - FY2024-Q1WorsenedAnnual report
「Number of stock acquisition rights 460 Number of shares underlying stock acquisition rights 46,000」
The issuance of the Seventh Series Stock Acquisition Rights added 46,000 potentially dilutive shares. The rights are subject to exercise conditions, and their issuance and exercise periods were disclosed after the end of the quarter. - FY2023SoftenedAnnual report
「As of the end of the fiscal year, the number of potentially dilutive shares represented by stock acquisition rights was 361,000, equivalent to 2.7% of the total number of issued shares of 13,457,200 as of the same date.」
The potentially dilutive share ratio declined from 3.0% at the end of the previous fiscal year to 2.7%. The potential for dilution from potentially dilutive shares remains, but the ratio has decreased. - FY2023-Q2MaterialisedAnnual report
「The Company disposed of 5,600 treasury shares upon the exercise of stock options.」
The disposal of 5,600 treasury shares upon the exercise of stock options was completed, resulting in the issuance of shares through the exercise of potentially dilutive instruments. - FY2022SoftenedAnnual report
「As of the end of the fiscal year, the number of potentially dilutive shares represented by stock acquisition rights was 400,600, equivalent to 3.0% of the total number of issued shares of 13,457,200 as of the same date.」
The potentially dilutive share ratio declined from 5.6% in the previous fiscal year to 3.0%, and the number of potentially dilutive shares also decreased from 758,800 to 400,600. The Company also indicated a policy of using treasury shares to settle shares upon exercise. - FY2022-Q3MaterialisedAnnual report
「Based on a resolution of the Board of Directors meeting held on 10 June 2021, the Company disposed of 3,938 treasury shares as restricted stock compensation and 484,400 treasury shares upon the exercise of stock options.」
The disposal of 484,400 treasury shares upon the exercise of stock options was completed, increasing the supply of shares through the exercise of potentially dilutive instruments. - FY2022-Q2MaterialisedAnnual report
「The Company disposed of 320,000 treasury shares upon the exercise of stock options.」
The disposal of 320,000 treasury shares upon the exercise of stock options was completed, significantly increasing the supply of shares through the exercise of potentially dilutive instruments. - FY2022-Q1Issuance of new stock acquisition rights and disclosure of dilution indicatorsAnnual report
「Common shares 39,000 (Note 1) Common shares 96,000 (Note 2)」
For the Fifth and Sixth Series Stock Acquisition Rights, the filing disclosed 39,000 and 96,000 underlying common shares, respectively. It also stated that the increase in common shares used to calculate quarterly net income per share after dilution was 631,656, but this filing did not indicate the change in the overall potentially dilutive share ratio. - FY2021Increase in potential shares and decline in the dilution ratioAnnual report
「As of the end of the fiscal year, the number of potentially dilutive shares represented by stock acquisition rights was 758,800, equivalent to 5.6% of the total number of issued shares of 13,457,200 as of the same date.」
While the number of potentially dilutive shares increased from 411,600 to 758,800, the ratio to total issued shares declined from 6.1% to 5.6%. The change reflected changes in the share structure, including stock splits, rather than a simple increase or decrease in dilution risk. - FY2020-Q3MaterialisedAnnual report
「The Company disposed of 16,000 treasury shares upon the exercise of stock options.」
The disposal of 16,000 treasury shares upon the exercise of stock options was completed, resulting in continued issuance of shares through the exercise of potentially dilutive instruments. - FY2020-Q2MaterialisedAnnual report
「The Company disposed of 8,000 treasury shares upon the exercise of stock options.」
The filing disclosed the disposal of 8,000 treasury shares upon the exercise of stock options, resulting in continued issuance of shares through the exercise of potentially dilutive instruments. - FY2020-Q1MaterialisedAnnual report
「The increase resulted from the exercise of stock acquisition rights.」
The total number of issued shares increased by 16,200 in the first quarter through the exercise of stock acquisition rights, resulting in actual dilution from the exercise of potentially dilutive shares. - FY2019SoftenedAnnual report
「As of the end of the fiscal year, the number of potentially dilutive shares represented by stock acquisition rights was 411,600, equivalent to 6.1% of the total number of issued shares of 6,712,400 as of the same date.」
The potentially dilutive share ratio declined from 6.8% to 6.1%. The number of potentially dilutive shares was 411,600. - FY2018SoftenedAnnual report
「As of the end of the fiscal year, the number of potentially dilutive shares represented by stock acquisition rights was 452,200, equivalent to 6.8% of the total number of issued shares of 6,676,000 as of the same date. These share figures reflect the 2-for-1 stock split of common shares implemented on 1 March 2018.」
The number of potentially dilutive shares after the stock split was 452,200, while the ratio to total issued shares declined from 9.8% to 6.8%. - FY2017First statedAnnual report
「As of the date of submission of this document, the number of potentially dilutive shares represented by stock acquisition rights was 318,000, equivalent to 9.8% of the total number of issued shares of 3,260,000 as of the same date.」
The filing quantified the 318,000 potentially dilutive shares represented by stock acquisition rights as equivalent to 9.8% of total issued shares and described the potential for dilution of equity value upon exercise.