Dilution of Share Value Through the Exercise of Stock Acquisition Rights
First written in FY2022. 8 of 12 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2026.
Flect 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: 29 of 55 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Lower dilution ratio and continued exerciseAnnual report
「As of the filing date, potential shares of 307,760 represented 5.0% of the total number of shares issued, 6,197,920. If these stock acquisition rights are exercised, the Company will issue shares, which could dilute the value of shares held by existing shareholders and their voting rights.」
The potential dilution ratio fell from the previous 5.2% to 5.0%, while the issuance of shares upon exercise of stock acquisition rights continued during the current fiscal year. - 2026-05-14MaterialisedEarnings
「当事業年度（自 2025年４月１日 至 2026年３月31日） 新株の発行 2,368」
当事業年度にも新株の発行が発生している。 - FY2026-H1MaterialisedAnnual report
「1 April 2025–30 September 2025 (Note) 4,000 6,192,560 766 754,407 766 744,405 (Note) Increase due to the exercise of share acquisition rights.」
The exercise of stock acquisition rights resulted in the issuance of 4,000 shares during the current interim accounting period, meaning that an actual increase in shares from the exercise of potential shares occurred. - FY2025Lower dilution ratio and continued exerciseAnnual report
「As of the filing date, potential shares of 318,960 represented 5.2% of the total number of shares issued, 6,188,560. If these stock acquisition rights are exercised, the Company will issue shares, which could dilute the value of shares held by existing shareholders and their voting rights.」
The potential dilution ratio fell from the previous 6.7% to 5.2%, while the issuance of shares upon exercise of stock acquisition rights continued during the current fiscal year. - FY2025-H1MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
The exercise of stock acquisition rights increased the total number of shares issued by 18,000 during the current interim accounting period, resulting in continued issuance of shares that could lead to dilution. - FY2024Lower dilution ratio and continued exerciseAnnual report
「As of the filing date, potential shares of 404,160 represented 6.7% of the total number of shares issued, 6,047,760. If these stock acquisition rights are exercised, the Company will issue shares, which could dilute the value of shares held by existing shareholders and their voting rights.」
The potential dilution ratio fell from 11.5% to 6.7%, while the issuance of shares upon exercise of stock acquisition rights continued during the current fiscal year. - FY2024-Q3MaterialisedAnnual report
「Between 1 January and 31 January 2024, the total number of shares issued increased by 15,600 and capital stock and capital reserves each increased by ¥1.820 million through the exercise of share acquisition rights.」
The issuance of shares upon exercise of stock acquisition rights and increases in stated capital and the capital reserve actually occurred during the third quarter accounting period and after the quarter-end. - FY2024-Q2MaterialisedAnnual report
「Between 1 October and 31 October 2023, the total number of shares issued increased by 3,560 and capital stock and capital reserves each increased by ¥1.556 million through the exercise of share acquisition rights.」
The issuance of shares upon exercise of stock acquisition rights and increases in stated capital and the capital reserve actually occurred after the quarter-end as well. - FY2024-Q1MaterialisedAnnual report
「Between 1 July 2023 and 31 July 2023, the exercise of stock acquisition rights increased the total number of shares issued by 1,400 and increased stated capital and the capital reserve by ¥555 thousand each.」
The issuance of shares upon exercise of stock acquisition rights and increases in stated capital and the capital reserve actually occurred after the quarter-end as well. - FY2023-Q3MaterialisedAnnual report
「Between 1 January 2023 and 31 January 2023, the exercise of stock acquisition rights increased the total number of shares issued by 600 and increased stated capital and the capital reserve by ¥510 thousand.」
The issuance of shares upon exercise of stock acquisition rights and increases in stated capital and the capital reserve also occurred after the third quarter. - FY2023-Q2MaterialisedAnnual report
「Between 1 October and 31 October 2022, the total number of shares issued increased by 1,200 and capital stock and capital reserves each increased by ¥258,000 through the exercise of share acquisition rights.」
The issuance of shares upon exercise of stock acquisition rights actually occurred. The Company also reported an increase of 17,800 in the total number of shares issued during the second quarter accounting period. - FY2022First statedAnnual report
「As of the filing date, potential shares of 337,000 represented 11.5% of the total number of shares issued, 2,921,800. If these stock acquisition rights are exercised, the Company will issue shares, which could dilute the value of shares held by existing shareholders and their voting rights.」
The Company quantified potential shares at 11.5% and described the possibility of dilution resulting from the exercise of stock acquisition rights.