Dilution of Share Value Through the Exercise of Stock Acquisition Rights
First written in FY2021. 8 of 12 entries say "Materialised", first in FY2022-Q1. Latest entry: FY2026.
Basis 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.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The stock acquisition rights expired because the exercise period ended on 14 July 2025.」
The previous Series 3 Stock Acquisition Rights expired, while Series 4 and Series 5 Stock Acquisition Rights newly existed, changing the composition to potential shares subject to performance conditions. - FY2026-H1MaterialisedAnnual report
「1 July 2025–14 July 2025 (Note) 1 5,500 1,887,819 660 338,378 660 289,178 (Note) 1. Resulting from the exercise of stock acquisition rights.」
From 1 July to 14 July 2025, 5,500 shares were issued through the exercise of stock acquisition rights, resulting in an event that could lead to dilution. - FY2025MitigatedAnnual report
「The stock acquisition rights expired because the exercise period ended on 14 July 2025.」
During the fiscal year, 19,000 shares underlying the third series of stock acquisition rights were exercised, and the remaining 7,000 shares expired when the exercise period ended on 14 July 2025. The risk of dilution from potential shares has therefore diminished and ended. - FY2024MitigatedAnnual report
「At the end of the fiscal year, the number of shares underlying stock acquisition rights was 26,000, representing a potential share dilution ratio of 1.4% relative to the company’s 1,862,411 issued shares.」
Unexercised stock acquisition rights decreased from 31,000 shares in the previous fiscal year to 26,000 shares, bringing the potential share dilution ratio to 1.4%. The dilution risk remains, but the outstanding balance has declined. - FY2024-Q1MaterialisedAnnual report
「1 July 2023–30 September 2023 (Note) 5,000 1,861,870 600 334,471 600 285,271 (Note) Resulting from the exercise of stock acquisition rights.」
5,000 shares were issued through the exercise of stock acquisition rights in the first quarter, increasing the number of issued shares, capital stock and capital reserves. An event that could result in dilution from exercise has continued to occur. - FY2023MaterialisedAnnual report
「Exercise 7,000 Expiry － Outstanding and unexercised 31,000」
During the fiscal year, stock acquisition rights covering 7,000 shares were exercised, leaving 31,000 shares outstanding and unexercised at year-end. An event that could result in dilution from the exercise of stock acquisition rights has continued to occur. - FY2023-Q1MaterialisedAnnual report
「Change in total number of issued shares (Shares) 7,000 (Note) Resulting from the exercise of stock acquisition rights.」
7,000 shares were issued through the exercise of stock acquisition rights in the first quarter, and an event that could result in dilution has continued to occur. - FY2022MaterialisedAnnual report
「22 August 2021–30 March 2022 (Note) 2 38,000 1,848,400 4,560 331,034 4,560 281,834」
During the fiscal year, stock acquisition rights covering 38,000 shares were exercised, increasing the number of issued shares, capital stock and capital reserves. An event that could result in dilution actually occurred. - FY2022-Q3MaterialisedAnnual report
「1 January 2022–31 March 2022 Change in total number of issued shares 24,000 shares」
24,000 shares were issued through the exercise of stock acquisition rights in the third quarter, and events that could result in dilution have continued to occur. - FY2022-Q2MaterialisedAnnual report
「This was due to the exercise of stock acquisition rights.」
3,500 shares were issued through the exercise of stock acquisition rights on 24 December 2021, and an event that could result in dilution occurred during the quarter as well. - FY2022-Q1MaterialisedAnnual report
「This was due to the exercise of stock acquisition rights.」
The company states that increases of 3,000 shares and 7,500 shares in issued shares during the quarter resulted from the exercise of stock acquisition rights, meaning that an actual dilution event occurred. It does not disclose the specific impact on share value. - FY2021First statedAnnual report
「At the end of the fiscal year, the number of shares underlying stock acquisition rights was 76,000, representing a potential share dilution ratio of 4.3% relative to the 1,758,100 issued shares. If these stock acquisition rights are exercised, the value of the company’s shares could be diluted.」
The company specifically discloses the potential share dilution ratio from stock options.