Risk of dilution of share value through exercise of stock acquisition rights
First written in FY2020. 18 of 19 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026-H1.
Sun* moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
56 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「1 January 2026–30 June 2026 (Note) 1 940,280 40,055,360 37 1,797 37 1,782 (Note) 1. Increase resulting from the exercise of stock acquisition rights. Between 1 July 2026 and 31 August 2026, the exercise of stock acquisition rights increased shares outstanding by 41,440 shares.」
The exercise of stock acquisition rights increased shares outstanding by 940,280 shares during the first half of 2026, bringing shares outstanding at the end of the period to 40,055,360. A further increase of 41,440 shares occurred from July to August 2026, indicating that dilution continued to materialize as an actual increase in shares outstanding. - FY2025MaterialisedAnnual report
「As of the filing date, the number of potential shares from stock acquisition rights was 1,456,900, equivalent to 3.72% of the total 39,123,100 shares outstanding.」
Stock acquisition rights for 701,420 shares were exercised during 2025, resulting in an increase in the number of shares. The potential share ratio declined from 6.58% previously to 3.72%, but the potential for dilution through future exercise continues to be disclosed. - FY2025-H1MaterialisedAnnual report
「1 January 2025–30 June 2025 (Note) 1 637,980 39,051,640 25 1,757 25 1,742 (Note) 1. Increase resulting from the exercise of stock acquisition rights.」
The exercise of stock acquisition rights increased shares outstanding by 637,980 shares during the first half of 2025. A further increase of 18,680 shares was reported in July 2025, indicating that dilution continued to materialize as an actual increase in the number of shares outstanding. - FY2024-H1MaterialisedAnnual report
「Between 1 July 2024 and 31 July 2024, the exercise of stock acquisition rights increased the total number of shares outstanding by 20,600 shares and capital and the capital reserve by ¥0 million each.」
In addition to the 4,700-share increase resulting from the exercise of stock acquisition rights during the interim consolidated accounting period, a further increase of 20,600 shares outstanding occurred after the quarter-end, indicating that dilution continued to materialize as an actual increase in shares outstanding. - FY2024-Q1MaterialisedAnnual report
「Between 1 April 2024 and 30 April 2024, the exercise of stock acquisition rights increased shares outstanding by 4,100 shares.」
In addition to the 600 shares issued during the first quarter, the exercise of stock acquisition rights after the quarter-end resulted in a further increase of 4,100 shares outstanding, indicating that dilution continued to materialize as an actual increase in the number of shares. - FY2023MaterialisedAnnual report
「As of the filing date, the number of potential shares from stock acquisition rights was 2,504,500, equivalent to 6.58% of the total 38,075,500 shares outstanding.」
The exercise of stock acquisition rights resulted in the issuance of 119,100 shares during 2023, reducing the potential share ratio from 6.76% to 6.58%. The dilution risk continued to materialize as an actual increase in the number of shares outstanding. - FY2023-Q3MaterialisedAnnual report
「Between 1 October 2023 and 31 October 2023, the exercise of stock acquisition rights increased shares outstanding by 19,600 shares.」
In addition to the 2,700 shares issued during the third quarter, the exercise of stock acquisition rights after the quarter-end resulted in a further increase of 19,600 shares outstanding, indicating that dilution continued to materialize. - FY2023-Q2MaterialisedAnnual report
「Between 1 July 2023 and 31 July 2023, the exercise of stock acquisition rights increased shares outstanding by 2,700 shares.」
The number of shares outstanding also increased through the exercise of stock acquisition rights after the quarter-end, indicating that dilution continued to materialize as an actual increase in shares outstanding. - FY2023-Q1MaterialisedAnnual report
「Between 1 April 2023 and 30 April 2023, the exercise of stock acquisition rights increased shares outstanding by 43,500 shares and capital and the capital reserve by ¥1 million each.」
The exercise of stock acquisition rights increased shares outstanding by 53,300 shares during the first quarter and by a further 43,500 shares in April 2023, indicating that dilution continued to materialize as an actual increase in the number of shares outstanding. - FY2022MaterialisedAnnual report
「As of the filing date, the number of potential shares from stock acquisition rights was 2,570,300, equivalent to 6.76% of the total 38,009,700 shares outstanding.」
A total of 222,900 shares were issued through the exercise of stock acquisition rights during 2022, and dilution continued to materialize. The potential share ratio as of the filing date was stated as 6.76%. - FY2022-Q3MaterialisedAnnual report
「1 July 2022–30 September 2022 (Note) 1 10,700 37,753,000 428 1,705,025 428 1,690,025」
The exercise of stock acquisition rights during the third quarter resulted in the issuance of 10,700 shares and increased capital and the capital reserve by ¥428 thousand each. A further increase of 203,400 shares was reported in October 2022, indicating that dilution continued to materialize as an actual increase in the number of shares outstanding. - FY2022-Q2MaterialisedAnnual report
「1 April 2022–30 June 2022 (Note) 1 3,300 37,742,300 132 1,704,597 132 1,689,597 (Note) 1. Increase resulting from the exercise of stock acquisition rights.」
The exercise of stock acquisition rights during the second quarter increased shares outstanding by 3,300 shares and capital and the capital reserve by ¥132 thousand each. - FY2022-Q1MaterialisedAnnual report
「1 January 2022–31 March 2022 (Note) 1 5,500 37,739,000 220 1,704,464 220 1,689,464 (Note) 1. Increase resulting from the exercise of stock acquisition rights.」
The exercise of stock acquisition rights during the first quarter increased shares outstanding by 5,500 shares and capital and the capital reserve by ¥220 thousand each. A further increase of 3,300 shares was reported in April 2022. - FY2021MaterialisedAnnual report
「30 April 2021 Increase from the exercise of stock acquisition rights 822,100 shares 31 July 2021 Increase from the exercise of stock acquisition rights 20,500 shares 31 October 2021 Increase from the exercise of stock acquisition rights 50,900 shares」
The exercise of stock acquisition rights resulted in a total increase of 893,500 shares outstanding during 2021. - FY2021-Q3MaterialisedAnnual report
「1 July 2021–30 September 2021 (Note) 20,500 shares 37,682,600 ¥821 thousand ¥1,702.206 million ¥821 thousand ¥1,687.206 million」
The exercise of stock acquisition rights during the third quarter resulted in the issuance of 20,500 shares and increased capital and the capital reserve by ¥821 thousand each. Dilution from the exercise of stock acquisition rights continued to materialize as an actual increase in the number of shares outstanding. - FY2021-Q1MaterialisedAnnual report
「Between 1 April 2021 and 30 April 2021, the exercise of stock acquisition rights increased the total number of shares outstanding by 822,100 shares and capital by ¥65.850 million.」
Regarding the dilution risk if the stock acquisition rights described in the previous period were exercised, this states that the exercise increased the number of shares outstanding. - FY2020First statedAnnual report
「As of the filing date, the number of potential shares from share subscription rights is 3,740,000, equivalent to 10.15% of the 36,840,000 issued shares. If these share subscription rights are exercised, the value of existing shareholders' shares and their voting rights percentage may be diluted to a certain extent.」
Shows the number of potential shares and their percentage of total shares outstanding, and describes the potential dilution of share value and voting rights resulting from the exercise of stock acquisition rights.