Dilution of shareholder value through the exercise of stock options
First written in FY2022. 4 of 6 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026.
Cynd moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
69 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The 24,000-share increase in the total number of issued common shares resulted from the issuance of 24,000 new shares through the exercise of stock acquisition rights.」
The issuance of 24,000 new shares through the exercise of stock acquisition rights actually occurred, increasing the number of shares associated with dilution. - FY2026-H1MaterialisedAnnual report
「11,500 6,053,500 166 53,675 166 3,675 (Note) The increase resulted from the exercise of stock acquisition rights.」
The total number of shares issued increased by 11,500 shares through the exercise of stock acquisition rights, and an actual increase occurred in the number of shares associated with dilution risk. - FY2023RestatedAnnual report
「If the stock options currently granted or to be granted in the future are exercised, the total number of shares issued will increase, diluting the value per share. This dilution in share value could affect the formation of the share price.」
The Company continues to disclose the risk of dilution from the exercise of stock options. It disclosed unexercised balances of 276,500 shares under the 1st issue and 200,000 shares under the 2nd issue. - FY2022First statedAnnual report
「If the stock options currently granted or to be granted in the future are exercised, the total number of shares issued will increase, diluting the value per share. This dilution in share value could affect the formation of the share price.」
The Company identifies an increase in the number of shares issued and dilution of share value resulting from the exercise of stock options as risks.