Share-Value Dilution from the Exercise of Stock Acquisition Rights
First written in FY2018. 7 of 8 entries say "Mitigated", first in FY2019. Latest entry: FY2021.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
53 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「Overview of potential shares excluded from the calculation of net income per share for the fiscal year after dilution adjustments because they had no dilutive effect —」
All of the 6th, 7th and 8th share acquisition rights were exercised, leaving no unexercised balance at the end of the fiscal year. The dilution factor from share acquisition rights has decreased further numerically. - FY2021-Q3MitigatedAnnual report
「Increase in common shares (thousand shares) 23」
The increase in common shares used to calculate quarterly net income per share after dilution adjustments was 23 thousand shares, down from 72 thousand shares in the same period of the previous year. - FY2021-Q2MitigatedAnnual report
「Increase in common shares (thousand shares) 24」
The increase in common shares used to calculate quarterly net income per share after dilution adjustments was 24 thousand shares, down from 87 thousand shares in the same period of the previous year. - FY2021-Q1MitigatedAnnual report
「Increase in common shares (thousand shares) 27」
The increase in common shares used to calculate quarterly net income per share after dilution adjustments was 27 thousand shares, down from 121 thousand shares in the same period of the previous year. - FY2020MitigatedAnnual report
「15,000 unexercised 6th share acquisition rights and 7,000 unexercised 7th share acquisition rights」
The total number of unexercised share acquisition rights was 22,000, down further from the 129,000 potential shares disclosed in the previous fiscal year. - FY2020-Q3MitigatedAnnual report
「Increase in common shares (thousand shares) 72」
The increase in common shares used to calculate quarterly net income per share after dilution adjustments was 72 thousand shares, down from 239 thousand shares in the same period of the previous year. The potential source of dilution has decreased numerically. - FY2019MitigatedAnnual report
「As of the date of submission of this document, the number of potential shares resulting from these share acquisition rights was 129,000, representing 2.56% of the total 5,039,000 issued shares.」
The number of potential shares decreased from 249,000 to 129,000, and the ratio to total issued shares fell from 5.14% to 2.56%. Partial exercise of the 6th share acquisition rights is also stated. - FY2018First statedAnnual report
「As of the date of submission of this document, the number of potential shares resulting from these share acquisition rights was 249,000, representing 5.14% of the total 4,841,000 issued shares.」
The dilution of existing shareholders' value and voting interests arising from the exercise of stock options is disclosed as a risk.