Dilution of Share Value Due to the Exercise of Share Acquisition Rights
First written in FY2018. 18 of 22 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2026.
Signpost 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.
56 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Between 1 March 2026 and 30 April 2026, the exercise of share acquisition rights increased the total number of issued shares by 5,600 and increased stated capital and capital reserves by ¥117 thousand each.」
A further 5,600 shares were issued through the exercise of stock acquisition rights before the filing date, and share issuance that could dilute existing shareholders' ownership continues. - FY2026-H1MaterialisedAnnual report
「1 March 2025–31 August 2025 (Note): 3,600 12,796,595 75 60,201 75 1,100,388」
The exercise of stock acquisition rights resulted in the additional issuance of 3,600 shares, and share issuance that could dilute existing shareholders' ownership also occurred during the current interim accounting period. - FY2025MitigatedAnnual report
「As of the end of the month preceding the filing date of this report, the total number of potential shares represented by stock options was 17,200, equivalent to 0.13% of the 12,792,995 issued shares.」
Potential shares decreased from the previously reported 19,200 shares and 0.15% to 17,200 shares and 0.13%, reducing dilution exposure. - FY2024MitigatedAnnual report
「As of the end of the month preceding the filing date of this report, the total number of potential shares represented by stock options was 19,200, equivalent to 0.15% of the 12,790,995 issued shares.」
Potential shares totaled 19,200, or 0.15% of total issued shares, reducing dilution exposure from the previously reported 23,600 shares and 0.18%. - FY2024-Q1MaterialisedAnnual report
「1 March 2023–31 May 2023 (Note): 6,800 12,786,995 142 1,181,246 142 1,100,186」
The exercise of stock acquisition rights resulted in the additional issuance of 6,800 shares, and share issuance that could dilute existing shareholders' ownership continues. - FY2023MitigatedAnnual report
「As of the end of the month preceding the filing date of this report, the total number of potential shares represented by stock options was 23,600, equivalent to 0.18% of the 12,786,995 issued shares.」
Exercise of the previously issued stock acquisition rights with an exercise price adjustment clause and similar instruments has been completed, leaving 23,600 potential shares represented by stock options, or 0.18%, as of the end of the month preceding the filing date. - FY2023-Q2MaterialisedAnnual report
「1 June 2022–30 June 2022 (Note 1) 1,200 12,768,871 25 1,176,104 25 1,095,044」
The exercise of stock acquisition rights resulted in the issuance of 1,200 shares and increases in issued shares, capital stock and capital surplus. The potential dilution associated with stock acquisition rights materialized as additional share issuance. - FY2022-Q3MaterialisedAnnual report
「1 September 2021–30 November 2021 (Note 1) 29,600 12,688,871 460 1,174,934 460 1,093,874. Between 1 December 2021 and 31 December 2021, the total number of issued shares increased by 47,600, and capital stock and capital surplus each increased by ¥677 thousand as a result of the exercise of stock acquisition rights.」
During the third quarter, 29,600 shares were issued through the exercise of stock acquisition rights, followed by a further 47,600 shares after the quarter-end. The potential dilution continues to materialize as additional share issuance. - FY2022-Q1MaterialisedAnnual report
「Number of bonds with stock acquisition rights and similar instruments with an exercise price adjustment clause exercised during the accounting period (units) 4,806. … Number of shares delivered upon exercise of rights during the accounting period (shares) 480,600. … Amount raised through exercise of rights during the accounting period (¥ thousand) 506,189.」
The exercise of stock acquisition rights resulted in the delivery of 480,600 shares and raised ¥506,189 thousand. Exercise of all of the eighth series of stock acquisition rights has been completed, and the potential dilution has materialized as additional share issuance. - FY2021MaterialisedAnnual report
「Number of shares delivered upon exercise of rights during the period (shares) 287,500 1,089,400 Amount raised through exercise of rights during the period (¥ thousand) 261,260 1,089,570」
The exercise of the eighth series of stock acquisition rights resulted in the delivery of 1,089,400 shares during the fiscal year and raised ¥1,089,570 thousand. The company also states that the exercise of all stock acquisition rights was completed after the filing date. - FY2021-Q3MaterialisedAnnual report
「Number of shares delivered upon exercise of rights during the accounting period (shares) 788,800 Amount raised through exercise of rights during the accounting period (¥ thousand) 812,119」
The exercise of stock acquisition rights during the third quarter resulted in the delivery of 788,800 shares and raised ¥812,119 thousand. The issuance of shares and potential dilution resulting from the exercise of stock acquisition rights have materialized substantially. quantified=true, materialized=true. - FY2021-Q2MaterialisedAnnual report
「During the second quarter accounting period, stock acquisition rights related to bonds with stock acquisition rights containing a clause for adjustment of the exercise price and similar instruments were exercised as follows.」
During the quarter, 131 units of the eighth series of stock acquisition rights were exercised, and 13,100 shares were delivered. The potential dilution associated with stock acquisition rights materialized as additional share issuance. - FY2021-Q1MaterialisedAnnual report
「1 March 2020–31 May 2020 25,600 10,942,000 261 365,176 261 284,116. (Note) The increase resulted from the exercise of stock acquisition rights.」
The exercise of stock acquisition rights resulted in the issuance of 25,600 shares, and the potential dilution continues to materialize as additional share issuance. - FY2020MaterialisedAnnual report
「1 March 2019–29 February 2020: 185,600 10,916,400 3,042 364,914 3,042 283,854.」
During the fiscal year, 185,600 shares were issued through the exercise of stock acquisition rights, and the potential dilution materialized as additional share issuance. As of the end of the month preceding the filing date, total potential shares were 277,200, representing 2.53% of total issued shares. - FY2020-Q3MaterialisedAnnual report
「1 September 2019–30 November 2019: 80,000 10,858,800 1,680 364,082 1,680 283,022. Between 1 December 2019 and 31 December 2019, the exercise of share acquisition rights increased the total number of issued shares by 44,000 shares and increased stated capital and capital reserves by ¥648 thousand each.」
Share issuance through the exercise of stock acquisition rights continued during and after the third quarter, and the potential dilution has materialized as additional share issuance. - FY2020-Q2MaterialisedAnnual report
「1 June 2019–31 August 2019 20,400 10,778,800 226 362,402 226 281,342.」
The number of issued shares increased by 20,400 during the second quarter accounting period through the exercise of stock acquisition rights, while capital stock and capital surplus also increased. - FY2020-Q1MaterialisedAnnual report
「1 March 2019–31 May 2019 27,600 10,758,400 303 362,176 303 281,116.」
The number of issued shares increased by 27,600 during the quarter through the exercise of stock acquisition rights, while capital stock and capital surplus also increased. Share issuance associated with potential dilution continues to materialize. - FY2019MaterialisedAnnual report
「As of the end of the month preceding the filing date of this report, the total number of potential shares represented by stock acquisition rights was 464,000, equivalent to 4.31% of the 10,756,000 issued shares. If these stock acquisition rights are exercised, new shares of the company will be issued, potentially diluting the value of existing shareholders' shares and their voting rights.」
The company reiterates the potential shares and dilution associated with stock acquisition rights, while noting that share issuance through the exercise of stock acquisition rights is also progressing during the current fiscal year. - FY2019-Q3MaterialisedAnnual report
「Between 1 December 2018 and 31 December 2018, the number of issued shares increased by 430,800 as a result of the exercise of stock acquisition rights.」
The company states that share issuance through the exercise of stock acquisition rights continued after the quarter-end, increasing the number of issued shares by 430,800. The potential dilution has materialized as additional share issuance. - FY2019-Q2MaterialisedAnnual report
「Between 1 September 2018 and 30 September 2018, the number of issued shares increased by 2,400 as a result of the exercise of stock acquisition rights.」
The company states that share issuance through the exercise of stock acquisition rights continued after the quarter-end, increasing the number of issued shares by 2,400. An increase of 288,800 shares was also recorded during the second quarter accounting period. - FY2019-Q1MaterialisedAnnual report
「Between 1 June 2018 and 30 June 2018, the number of issued shares increased by 85,200 as a result of the exercise of stock acquisition rights.」
The company discloses that new shares were actually issued through the exercise of stock acquisition rights, increasing the number of issued shares by 85,200. The event previously identified in the existing thread, namely the issuance of shares and potential dilution upon exercise, has materialized. - FY2018First statedAnnual report
「As of the end of the month preceding the filing date of this report, the total number of potential shares represented by stock acquisition rights was 1,290,400, equivalent to 13.0% of the 9,930,000 issued shares. If these stock acquisition rights are exercised, new shares of the company will be issued, potentially diluting the value of existing shareholders' shares and their voting rights.」
The company presents the total number of potential shares and its proportion of total issued shares, and describes the potential dilution resulting from the exercise of stock acquisition rights.