Dilution of Share Value from the Exercise of Stock Acquisition Rights
First written in FY2021. 13 of 17 entries say "Materialised", first in FY2022-Q3. Latest entry: FY2026.
Visional moved to the "Worse" side of this theme in 2022, 1 year after 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
「1 August 2025–31 July 2026 Common shares 389,700」
During the fiscal year, 389,700 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. As of the end of the month preceding the filing date, potential shares totaled 985,600, representing 2.38% of the combined total of shares issued and potential shares. - FY2026-H1MaterialisedAnnual report
「1 August 2025–31 January 2026 122,400 40,219,800 40 6,671 40 11,010 (Note) Increase due to the exercise of stock acquisition rights.」
During the interim consolidated accounting period, 122,400 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. - FY2025MaterialisedAnnual report
「1 August 2024–31 July 2025 Common shares 455,300」
During the fiscal year, 455,300 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. - FY2025-H1MaterialisedAnnual report
「1 August 2024–31 January 2025 Change in total number of shares issued: 106,500 (Note) Increase due to the exercise of stock acquisition rights.」
During the interim consolidated accounting period, 106,500 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. - FY2024-Q3MaterialisedAnnual report
「1 February 2024–30 April 2024 (Note) Increase due to the exercise of stock acquisition rights.」
During the third quarter accounting period, 11,500 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. - FY2024-Q2MaterialisedAnnual report
「1 November 2023–31 January 2024 (Note) Increase due to the exercise of stock acquisition rights.」
During the second quarter accounting period, 82,200 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. - FY2024-Q1MaterialisedAnnual report
「1 August 2023–31 October 2023 (Note) Increase due to the exercise of stock acquisition rights.」
During the first quarter, 36,400 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. - FY2023MaterialisedAnnual report
「1 August 2022–31 July 2023 (Note) Increase due to the exercise of stock acquisition rights.」
During the fiscal year, 749,500 shares were issued through the exercise of stock acquisition rights, meaning that part of the dilution materialized as an actual share issuance. Meanwhile, as of the end of the month preceding the filing date, potential shares totaled 2,707,600, representing 6.47% of total shares issued and other shares. - FY2023-Q3MaterialisedAnnual report
「1 February 2023–30 April 2023 (Note) Increase due to the exercise of stock acquisition rights.」
During the third quarter accounting period, 32,000 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. - FY2023-Q2MaterialisedAnnual report
「Change in total number of shares issued: 150,800 (Note) Increase due to the exercise of stock acquisition rights.」
During the second quarter accounting period, 150,800 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. The number of shares issued as of the end of the second quarter accounting period was 38,626,400. - FY2023-Q1MaterialisedAnnual report
「1 August 2022–31 October 2022 (Note) Increase due to the exercise of stock acquisition rights.」
During the quarter, 128,900 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. - FY2022MaterialisedAnnual report
「1 August 2021–31 July 2022 (Note 8) Common shares 2,488,700」
During the fiscal year, 2,488,700 shares were issued through the exercise of stock acquisition rights, meaning that part of the potential dilution materialized as an actual share issuance. As of the end of the month preceding the filing date, potential shares totaled 3,856,400, representing 9.11% of total shares. - FY2022-Q3MaterialisedAnnual report
「Number of shares issued as of the end of the third quarter accounting period: 35,879,800; number of shares issued as of the filing date: 37,886,700」
The number of shares issued increased by 2,006,900 between the quarter-end and the filing date, and the increase is stated to have resulted from the issuance of shares through the exercise of stock acquisition rights. Part of the potential dilution has materialized as an actual share issuance. - FY2022-Q2WorsenedAnnual report
「At a meeting of the Board of Directors held on 21 February 2022, the company resolved to issue stock acquisition rights to its employees and the directors and employees of its subsidiaries, and issued them on 8 March 2022.」
The issuance of stock acquisition rights after the filing created an additional potential source of share dilution. The number of shares subject to the 27th through 30th series totaled 292,400, with exercise periods and revenue conditions specified. There is no disclosure that dilution from the exercise of the rights has actually occurred. - FY2021First statedAnnual report
「As of the date of filing this document, the number of potential shares issuable upon exercise of stock options was 6,248,400, equivalent to 14.84% of the total of 42,106,400 issued shares and potential shares (rounded to the nearest 0.01%).」
The number of potential shares and their proportion of total shares are disclosed, with dilution of existing shareholders' equity value through future exercises identified as a risk.