Dilution from Stock Options
First written in FY2019. 8 of 13 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2026-H1.
Hennge K.K. moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
32 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「The company resolved to issue share acquisition rights to employees of the company and its subsidiaries pursuant to Articles 236, 238 and 240 of the Companies Act (the “Share Acquisition Rights”), and the allotment was completed on 1 May 2026.」
Share acquisition rights for 323,200 shares were issued as the 8th series of share acquisition rights, and the allotment was completed on 1 May 2026. The exercise period runs from 20 March 2029 to 31 December 2032, and the disclosure describes this as an increase in potential shares rather than dilution from exercises during the interim period. - 2026-05-01MaterialisedShare Issuance and Disposal
「新株予約権の総数 3,232 個 ３．新株予約権の割当ての対象者及びその人数並びに割り当てる新株予約権の数 割当ての対象者 人数 割り当てる新株予約権の数 当社の従業員 331 名 3,170 個 当社子会社の従業員 8名 62 個」
従業員および子会社従業員339名への新株予約権3,232個の割当内容が確定した。権利行使前であり、希薄化そのものの発生ではないが、ストック・オプションによる希薄化に関する既存リスクが具体的な発行内容として進展した。 - FY2025-H1MitigatedAnnual report
「In granting restricted stock and issuing stock options, we determined that, wherever possible, delivering shares by acquiring and disposing of treasury shares was appropriate from the perspectives of avoiding dilution of shareholder value due to an increase in the total number of issued shares and capital allocation, and therefore decided to acquire treasury shares.」
Based on its policy of using treasury shares for share-based compensation and stock options, the company resolved to acquire up to 300,000 treasury shares to avoid dilution. - FY2024-Q2MitigatedAnnual report
「In granting restricted stock and issuing stock options, we determined that, wherever possible, delivering shares by acquiring and disposing of treasury shares was appropriate from the perspectives of avoiding dilution of shareholder value due to an increase in the total number of issued shares and capital allocation, and therefore decided to acquire treasury shares.」
When resolving to issue share acquisition rights to employees, the company reaffirmed its policy of avoiding dilution from an increase in the total number of issued shares by acquiring and disposing of treasury shares. - FY2023MitigatedAnnual report
「When using incentive plans such as share-based compensation and stock option plans, our group considers the ratio of existing potential shares and the dilution rate, while also taking into account opinions from external specialists, to design plans of an appropriate scale. In addition to issuing new shares, we also seek to reduce this risk by using treasury shares.」
The company specified that it would use treasury shares for share-based compensation and stock options to curb dilution from share issuance. - FY2022MaterialisedAnnual report
「The increase of 16,256,400 in the total number of issued common shares comprised an increase of 16,244,200 shares from a stock split, an increase of 8,200 shares from the issuance of new shares as restricted stock compensation, and an increase of 4,000 shares from the exercise of stock options.」
In FY2022, the number of shares increased by 4,000 through the exercise of share acquisition rights, and 8,200 shares were issued as restricted stock compensation. In addition, a resolution was passed after the filing date to issue share acquisition rights for 233,500 shares to employees. - FY2021MaterialisedAnnual report
「1 October 2020–30 September 2021 368,000 shares 1 October 2020–30 September 2021 242,000 shares」
During the fiscal year, the number of shares increased by 242,000 through the exercise of share acquisition rights, and dilution of the shares continued. - FY2021-Q3MaterialisedAnnual report
「1 April 2021–30 June 2021 Increase or decrease in the total number of issued shares: 28,000 (Note) The increase was due to the exercise of share acquisition rights.」
The number of shares increased by 28,000 through the exercise of share acquisition rights, and dilution of the shares has continued. - FY2021-Q2MaterialisedAnnual report
「1 January 2021–31 March 2021 Increase or decrease in the total number of issued shares: 200,000 (Note) The increase was due to the exercise of share acquisition rights.」
The number of shares increased by 200,000 through the exercise of share acquisition rights, and dilution of the shares has continued. - FY2021-Q1MaterialisedAnnual report
「1 October 2020–31 December 2020 Increase or decrease in the total number of issued shares: 6,000 shares (Note) The increase was due to the exercise of share acquisition rights.」
The number of shares increased by 6,000 through the exercise of share acquisition rights, and dilution of the shares has continued. - FY2020MaterialisedAnnual report
「Increase due to the exercise of share acquisition rights: 368,000 shares」
During the consolidated fiscal year, the number of shares increased by 368,000 through the exercise of share acquisition rights, resulting in actual dilution of shareholder value. - FY2020-Q3MaterialisedAnnual report
「Increase or decrease in the total number of issued shares: 208,000 shares (Note 1) The increase was due to the exercise of share acquisition rights.」
The issuance of 208,000 shares through the exercise of share acquisition rights resulted in actual dilution from stock options and other instruments. - FY2019First statedAnnual report
「If stock options granted in the future are exercised, the value of shares held by existing shareholders may be diluted.」
Stock options granted to directors, audit & supervisory board members and employees are identified as a dilution risk.