Venture Capital Selling Pressure and Dilution from Warrants
First written in FY2018. 11 of 16 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2026-H1.
TeamSpirit moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「The purpose of entering into this agreement is to protect the interests of existing shareholders by clearly avoiding, for a certain period, the potential impact on the market share price and other factors arising from the sale of the Company's shares in the market.」
In response to the largest shareholder's intention to sell part of its holding, the company entered into a lock-up agreement for one year from 22 January 2026, thereby taking steps to limit the impact of market sales on the share price for a certain period. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there was no new occurrence of business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous consolidated fiscal year.」
The company concluded that there were no new developments or material changes regarding venture capital selling pressure or the dilution risk from stock acquisition rights. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there was no new occurrence of business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous consolidated fiscal year.」
The company concluded that there were no new developments or material changes regarding venture capital selling pressure or the dilution risk from stock acquisition rights. - FY2022-Q3MaterialisedAnnual report
「During the cumulative third quarter period, share capital and capital surplus each increased by ¥11.087 million due to the grant of restricted stock compensation and the issuance of new shares upon the exercise of share acquisition rights. At the end of the third quarter consolidated accounting period, share capital was ¥813.375 million and capital surplus was ¥803.375 million.」
The issuance of new shares upon the exercise of stock acquisition rights continued, and dilution from potential shares appeared as actual share issuance. - FY2022-Q2MaterialisedAnnual report
「The increase resulted from the exercise of stock acquisition rights.」
2,000 shares were issued upon the exercise of stock acquisition rights from December 2021 to February 2022, and dilution continued to appear as actual share issuance. - FY2022-Q1MaterialisedAnnual report
「1 September 2021–30 November 2021 27,600 16,255,200 3,105 805,393 3,105 795,393 (Note) Increase due to the exercise of stock acquisition rights.」
The exercise of stock acquisition rights resulted in the issuance of 27,600 new shares, and dilution from potential shares continued to appear as actual share issuance. - FY2021MaterialisedAnnual report
「1 September 2020–31 August 2021 Common shares 32,400」
The issuance of 32,400 new shares upon the exercise of stock acquisition rights occurred in FY2021, and dilution from potential shares continued to appear as actual share issuance. - FY2021-Q3RestatedAnnual report
「During the nine-month consolidated period, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concluded that there were no new developments or material changes regarding venture capital selling pressure or the dilution risk from stock acquisition rights. - FY2020MaterialisedAnnual report
「1 September 2019–31 August 2020 Common shares 439,200」
The issuance of 439,200 new shares upon the exercise of stock acquisition rights occurred in FY2020, and dilution from potential shares continued to appear as actual share issuance. - FY2020-Q2MaterialisedAnnual report
「1 December 2019–29 February 2020 4,000 16,195,200 676 798,530 676 788,530 (Note) Increase due to the exercise of stock acquisition rights.」
4,000 shares were issued upon the exercise of stock acquisition rights in the second quarter, and dilution continued to appear as actual share issuance. - FY2020-Q1MaterialisedAnnual report
「1 September 2019–30 November 2019 435,200 16,191,200 33,760 797,854 33,760 787,854 (Note) Increase due to the exercise of stock acquisition rights.」
435,200 shares were issued upon the exercise of stock acquisition rights in the first quarter, and dilution from potential shares continued to appear as actual share issuance. - FY2019MaterialisedAnnual report
「Increase from the issuance of new shares upon exercise of stock acquisition rights: 508,200 shares」
The exercise of stock acquisition rights resulted in the issuance of 508,200 shares during the fiscal year, and dilution from potential shares continued to appear as actual share issuance. - FY2019-Q3MaterialisedAnnual report
「This was mainly due to increased orders and a ¥224 million increase in cash and deposits resulting from the exercise of share acquisition rights.」
Cash continued to increase as stock acquisition rights were exercised, and the dilution from potential shares continued to appear as actual share issuance. - FY2019-Q2MaterialisedAnnual report
「Funds obtained from financing activities during the first six months of the fiscal year totaled ¥59 million. This was mainly attributable to ¥60 million in proceeds from the issuance of shares through the exercise of stock acquisition rights.」
The number of shares increased by 58,800 during the quarter through the exercise of stock acquisition rights, generating ¥60 million in proceeds from the issuance of shares. Dilution from potential shares further materialized as an actual share issuance. - FY2019-Q1MaterialisedAnnual report
「This was mainly due to increased orders and a ¥106 million increase in cash and deposits resulting from the exercise of share acquisition rights, among other factors.」
Stock acquisition rights were exercised, increasing the number of shares issued by 425,000 in the first quarter. Dilution from potential shares materialized as an actual share issuance. - FY2018First statedAnnual report
「The percentage of the company’s shares held by venture capital firms and others is high at 24.7%. If venture capital firms and others sell their shares in the market in the future, selling pressure on the company’s shares may emerge and affect the market price.」
The potential number of shares from stock acquisition rights was stated to represent 4.7% of total shares issued.