Dilution of share value through the exercise of stock acquisition rights
First written in FY2022. 5 of 12 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2026.
Institution for a Global Society 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: 17 of 34 companies on the "Worse" side.
2 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「As of the date of submission of this document, the number of potential shares from stock acquisition rights was 877,981, equivalent to 18.4% of the total number of issued shares of 4,773,400.」
The potential share ratio rose from 15.3% in the previous fiscal year to 18.4%. The third-party allotment and convertible bonds with stock acquisition rights expanded the sources of dilution. - 2026-06-09RaisedGeneral Meetings of Shareholders
「Types and numbers of shares underlying stock acquisition rights at the end of the consolidated fiscal year, excluding those for which the first day of the exercise period had not arrived: common shares, 885,581 shares」
The company disclosed 885,581 shares underlying stock acquisition rights, including 204,081 potential shares related to convertible bonds with stock acquisition rights in addition to the existing 13th series of stock acquisition rights. - FY2026-H1MaterialisedAnnual report
「1 September 2025–30 September 2025 (Note) This increase resulted from the exercise of stock acquisition rights.」
In September 2025, the total number of issued shares increased by 6,500 shares through the exercise of stock acquisition rights, meaning that part of the dilution factor continued to result in actual share issuance. - FY2025RaisedAnnual report
「As of the date of submission of this document, the number of potential shares from stock acquisition rights was 688,000, equivalent to 15.3% of the total number of issued shares of 4,509,300.」
The number of potential shares increased from 238,000 in the previous fiscal year to 688,000, while the ratio rose from 5.3% to 15.3%, expanding the dilution attributable to the 13th series of stock acquisition rights. - FY2025-H1RaisedAnnual report
「Number of stock acquisition rights (units)* 4,500 (Note) 1 Class, details and number of shares underlying the stock acquisition rights (shares)* Common shares 450,000 (Note) 1 Exercise period of stock acquisition rights* From 5 July 2024 to 4 July 2029」
New potential shares totaling 450,000 common shares were established in connection with the 13th series of stock acquisition rights approved on 19 June 2024. An additional source of dilution was introduced. - FY2024SoftenedAnnual report
「As of the date of filing this document, the number of potential shares from stock acquisition rights was 238,000 shares, equivalent to 5.3% of the total 4,509,300 issued shares.」
While the potential share ratio declined from 5.7% to 5.3%, the dilution risk from the exercise of stock acquisition rights remains. - FY2024-Q2MaterialisedAnnual report
「1 July 2023–30 September 2023 (Note) Increase resulting from the exercise of stock acquisition rights.」
In the second quarter, the exercise of stock acquisition rights increased the total number of issued shares by 1,500, bringing the total to 4,494,300 as of 30 September 2023. Part of the dilution factor continued to result in an actual share issuance. - FY2024-Q1MaterialisedAnnual report
「1 April 2023–30 June 2023 (Note) Increase resulting from the exercise of stock acquisition rights.」
In the first quarter, the exercise of stock acquisition rights increased the total number of issued shares by 3,500, meaning that part of the dilution factor continued to result in an actual share issuance. - FY2023SoftenedAnnual report
「As of the date of filing this document, the number of potential shares from stock acquisition rights was 258,000 shares, equivalent to 5.7% of the total 4,489,300 issued shares.」
Although the percentage of potential shares declined from 8.1% to 5.7% from the previous period, the dilution risk from the exercise of stock acquisition rights continues. - FY2023-Q3MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
From October to December 2022, the exercise of stock acquisition rights increased the number of shares by 4,000, followed by a further increase of 8,000 shares in January 2023. Part of the dilution factor continued to result in actual share issuances. - FY2023-Q2MaterialisedAnnual report
「(Note) Increase due to exercise of stock acquisition rights.」
From July to September 2022, the exercise of stock acquisition rights increased the total number of issued shares by 29,500, meaning that part of the potential dilution factor resulted in an actual share issuance. - FY2022First statedAnnual report
「As of the date of filing this document, the number of potential shares from stock acquisition rights was 356,500 shares, equivalent to 8.1% of the total 4,390,800 issued shares.」
The increase in issued shares resulting from the exercise of stock acquisition rights and the risk of dilution of share value are specified at 8.1%.