Risk of dilution of share value and voting rights from the exercise of stock acquisition rights
First written in FY2022. 10 of 11 entries say "Materialised", first in FY2023-Q3. Latest entry: FY2026.
Global Security Experts moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
56 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「As of the end of the month preceding the date of filing this document (31 May 2026), the number of potential shares represented by these share acquisition rights was 3,600, equivalent to 0.02% of the total 15,309,600 shares issued and outstanding.」
During the current consolidated fiscal year, 18,000 shares were issued through the exercise of share acquisition rights, leaving 3,600 potential shares, equivalent to 0.02% of total shares issued and outstanding. The potential dilution continues to materialise as actual increases in the number of shares. - 2026-04-30MaterialisedRevision of earnings forecasts
「1. Number of issued shares at fiscal year-end (common shares): FY2026 15,309,600 shares; FY2025 15,289,200 shares」
The number of issued shares continued to increase over the full year through the exercise of share acquisition rights and other factors, showing that potential dilution has continued to materialize as an increase in shares outstanding. - FY2026-H1MaterialisedAnnual report
「1 April 2025–31 May 2025 (Note) 1 2,400 7,647,000 1 June 2025–30 September 2025 (Note) 1 10,800 15,304,800 (Note) 1. Increase through the exercise of share acquisition rights.」
During the current interim consolidated accounting period, the number of shares increased by 13,200 through the exercise of share acquisition rights. Separately from the increase resulting from the stock split, the potential dilution continues to materialise as actual increases in the number of shares. - FY2025MaterialisedAnnual report
「1 April 2024–31 March 2025 (Note) 15,000 7,644,600 922 545,921 922 598,566 (Note) Increase through the exercise of share acquisition rights.」
During the fiscal year, 15,000 shares were issued through the exercise of share acquisition rights, and dilution continued to materialise. Meanwhile, as of the end of the month preceding the filing date, the number of potential shares was 9,600, equivalent to 0.1% of total shares issued and outstanding. - FY2025-H1MaterialisedAnnual report
「1 April 2024–30 September 2024 (Note) 12,000 7,641,600 738 545,737 738 598,382 (Note) Increase through the exercise of share acquisition rights.」
During the current interim consolidated accounting period, the total number of shares issued and outstanding increased by 12,000 through the exercise of share acquisition rights, reaching 7,641,600 shares. The potential dilution continues to materialise as actual increases in the number of shares. - FY2024MaterialisedAnnual report
「As of the end of the month preceding the date of filing this document (31 May 2024), the number of potential shares represented by these share acquisition rights was 33,600, equivalent to 0.4% of the total 7,629,600 shares issued and outstanding.」
Although the number of shares issued and outstanding increased by 246,600 through the exercise of share acquisition rights during the fiscal year, the company states that the number of potential shares remaining at the end of the month preceding the filing date was 33,600, equivalent to 0.4% of total shares issued and outstanding. - FY2024-Q3MaterialisedAnnual report
「1 October 2023–31 December 2023 (Note) 15,000 7,597,800 922 543,043 922 595,688 (Note) Increase through the exercise of share acquisition rights.」
During the third-quarter accounting period, the total number of shares issued and outstanding increased by 15,000 through the exercise of share acquisition rights, reaching 7,597,800 shares. The increase in shares through the exercise of share acquisition rights continues to occur in practice. - FY2024-Q2MaterialisedAnnual report
「1 July 2023–30 September 2023 (Note) 13,200 7,582,800 811 542,121 811 594,765」
During the second-quarter accounting period, the total number of shares issued and outstanding increased by 13,200 through the exercise of share acquisition rights, reaching 7,582,800 shares. The increase in shares through the exercise of share acquisition rights continues to occur in practice. - FY2024-Q1MaterialisedAnnual report
「Change in total shares issued and outstanding 186,600」
During the first-quarter accounting period, the total number of shares issued and outstanding increased by 186,600 through the exercise of share acquisition rights, reaching 7,569,600 shares. The company also states that the total increased by a further 8,400 shares between 1 July 2023 and 31 July 2023. The potential dilution from the exercise of share acquisition rights continues to materialise as actual increases in the number of shares. - FY2023-Q3MaterialisedAnnual report
「Between 1 January 2023 and 31 January 2023, the total number of shares issued and outstanding increased by 49,800 shares through the exercise of share acquisition rights.」
An increase in shares issued and outstanding through the exercise of share acquisition rights has actually occurred. An increase of 288,600 shares is also reported for the third-quarter accounting period, but no specific assessment of the impact on share value or voting rights is provided. - FY2022First statedAnnual report
「As of the date of filing this document, the number of potential shares represented by these share acquisition rights was 515,700, equivalent to 15.5% of the total 3,327,000 shares issued and outstanding.」
The potential dilution represented by 515,700 shares issuable upon exercise of share acquisition rights, equivalent to 15.5% of total shares issued and outstanding, is quantified.