Dilution of Per-Share Value Through Exercise of Stock Acquisition Rights and Additional Share Issuances
First written in FY2023. 2 of 4 entries say "Worsened", first in FY2025. Latest entry: FY2026.
Susmed moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 17 of 34 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As of the date of submission of this document, the potential number of shares underlying these stock acquisition rights was 851,700, equivalent to 5.0% of the total 16,868,100 issued shares.」
The potential number of shares underlying stock acquisition rights increased from 743,400 to 851,700, while the ratio to total issued shares increased from 4.4% to 5.0%. - FY2025WorsenedAnnual report
「As of the date of filing this document, the number of potential shares represented by these stock acquisition rights was 743,400, equivalent to 4.4% of the total 16,822,700 issued shares.」
The number of potential shares represented by stock acquisition rights increased from 686,500 reported for the previous fiscal year to 743,400, and the ratio to total issued shares rose from 4.1% to 4.4%. - FY2024MitigatedAnnual report
「As of the date of filing this document, the number of potential shares represented by these stock acquisition rights was 686,500, equivalent to 4.1% of the total 16,759,300 issued shares.」
The ratio of potential shares represented by stock acquisition rights declined from 10.5% reported for the previous fiscal year to 4.1%. - FY2023First statedAnnual report
「As of the date of filing this document, the number of potential shares represented by these stock acquisition rights was 1,390,100, equivalent to 10.5% of the total 16,640,000 issued shares.」
The company describes the potential dilution of equity value per share through the exercise of stock acquisition rights and the issuance of restricted shares, using the number and ratio of potential shares.