Potential Dilution from the Exercise of Stock Acquisition Rights
First written in FY2020. 14 of 21 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026.
i Cubed Systems moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
52 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As of the end of the consolidated fiscal year, the number of potential shares attributable to these stock acquisition rights was 89,980, equivalent to 1.69% of the total 5,311,450 shares outstanding.」
The number of potential shares declined from 93,310 shares, or 1.75%, at the end of the previous consolidated fiscal year to 89,980 shares, or 1.69%. - 2026-08-12MaterialisedEarnings
「Issuance of new shares (exercise of share acquisition rights)」
The exercise of stock acquisition rights resulted in ¥1,305 thousand of share issuance being recorded during the current consolidated fiscal year, and dilution continued to arise. - FY2025MitigatedAnnual report
「As of the end of the consolidated fiscal year, the number of potential shares attributable to these stock acquisition rights was 93,310, equivalent to 1.75% of the total 5,306,750 shares outstanding.」
While 3,000 shares were issued through the exercise of stock acquisition rights during the current consolidated fiscal year, the number of potential shares declined from 93,740 shares, or 1.76%, at the end of the previous consolidated fiscal year to 93,310 shares, or 1.75%. - FY2025-H1MaterialisedAnnual report
「17 December 2024 3,000 5,306,750 1,050 414,068 1,050 314,068 (Note) The increase resulted from the exercise of stock acquisition rights.」
The exercise of stock acquisition rights on 17 December 2024 increased the total number of shares outstanding by 3,000, and dilution has continued. - FY2024MitigatedAnnual report
「As of the end of the consolidated fiscal year, the number of potential shares attributable to these stock acquisition rights was 93,740, equivalent to 1.76% of the total 5,303,750 shares outstanding.」
While 10,200 shares were issued through the exercise of stock acquisition rights during the current consolidated fiscal year, the number of potential shares declined from 95,420 shares, or 1.80%, at the end of the previous consolidated fiscal year to 93,740 shares, or 1.76%. - FY2024-Q3MaterialisedAnnual report
「1 January 2024–31 March 2024 (Note) 900 5,295,550 112 411,026 112 311,026」
The number of shares increased by 900 in the third quarter through the exercise of stock acquisition rights, and dilution of shareholder value has continued. An additional increase of 600 shares was reported by the filing date. - FY2024-Q2MaterialisedAnnual report
「Proceeds from the issuance of shares through the exercise of stock acquisition rights 590」
The statement of cash flows for the six-month period of the second quarter of the current consolidated fiscal year records ¥590 thousand in proceeds from the issuance of shares through the exercise of stock acquisition rights, indicating that exercises continued. - FY2024-Q1MaterialisedAnnual report
「1 July 2023–30 September 2023 (Note) 1,100 5,293,450」
The number of shares increased by 1,100 in the first quarter through the exercise of stock acquisition rights, and dilution of shareholder value has continued. - FY2023MitigatedAnnual report
「As of the end of the consolidated fiscal year, the number of potential shares attributable to these stock acquisition rights was 95,420, equivalent to 1.80% of the total 5,292,350 shares outstanding.」
While shares continued to be issued through the exercise of stock acquisition rights, the number of potential shares declined from 101,150 shares, or 1.91%, at the end of the previous consolidated fiscal year to 95,420 shares, or 1.80%. - FY2023-Q3MaterialisedAnnual report
「Between 1 April 2023 and 30 April 2023, the exercise of stock acquisition rights increased the total number of issued shares by 9,300.」
Before the filing, the number of shares outstanding increased by 9,300 shares in April 2023 as a result of the exercise of stock acquisition rights, and dilution has continued. - FY2023-Q2MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
The exercise of stock acquisition rights resulted in increases of 700 shares and 600 shares in the number of issued shares between October and December 2022, for a total increase of 1,300 shares, and dilution continued to occur. - FY2023-Q1MaterialisedAnnual report
「1 July 2022–30 September 2022 (Note) 2,000 5,276,850 632 405,044 632 305,044」
The exercise of stock acquisition rights increased the number of shares by 2,000 during the first quarter, and dilution continued to occur. - FY2022MitigatedAnnual report
「As of the end of the consolidated fiscal year, the number of potential shares represented by these stock acquisition rights was 101,150, equivalent to 1.91% of the total number of issued shares of 5,274,850.」
Although 26,500 shares were issued through the exercise of stock acquisition rights during the consolidated fiscal year and dilution actually occurred, the balance of potential shares declined from 124,920, or 2.38%, in the previous disclosure to 101,150, or 1.91%. - FY2022-Q3MaterialisedAnnual report
「In addition, between 1 July 2021 and 31 March 2022, the exercise of stock acquisition rights increased the total number of issued shares by 15,100 and increased capital and the capital reserve by ¥4,227 thousand each.」
The exercise of stock acquisition rights increased the total number of issued shares by 15,100 during the period, and dilution continued to occur. - FY2022-Q2MaterialisedAnnual report
「In addition, between 1 July 2021 and 31 December 2021, the exercise of stock acquisition rights increased the total number of issued shares by 11,100 and increased capital and the capital reserve by ¥3,187 thousand each.」
The exercise of stock acquisition rights increased the total number of issued shares by 11,100 during the six-month period, and dilution continued to occur. - FY2022-Q1MaterialisedAnnual report
「1 July 2021–30 September 2021 (Note) 3,000 5,241,350 532 379,037 532 279,037」
The exercise of stock acquisition rights increased the number of shares by 3,000 in the first quarter. An additional 1,000 shares had been issued by the filing date, and dilution continued to occur. - FY2021MitigatedAnnual report
「As of the end of the fiscal year, the number of potential shares represented by these stock acquisition rights was 124,920, equivalent to 2.38% of the total number of issued shares of 5,238,350.」
While shares continued to be issued through the exercise of stock acquisition rights, the number of potential shares declined from 172,200, or 3.44%, in the previous disclosure to 124,920, or 2.38%. - FY2021-Q3MaterialisedAnnual report
「In addition, between 1 July 2020 and 31 March 2021, the exercise of stock acquisition rights increased the total number of issued shares by 25,600 and increased capital and the capital reserve by ¥3,200 thousand each.」
The exercise of stock acquisition rights continued, increasing the total number of issued shares by 25,600 by the end of the nine-month period. - FY2021-Q2MaterialisedAnnual report
「In addition, between 1 July 2020 and 31 December 2020, the exercise of stock acquisition rights increased the total number of issued shares by 20,000 and increased capital and the capital reserve by ¥2,500 thousand each.」
The exercise of stock acquisition rights continued, increasing the total number of issued shares by 20,000 during the six-month period. - FY2021-Q1MaterialisedAnnual report
「In addition, between 1 July 2020 and 30 September 2020, the exercise of stock acquisition rights increased the total number of issued shares by 13,500 and increased capital and the capital reserve by ¥1,687 thousand each.」
The exercise of stock acquisition rights actually increased the number of shares, resulting in part of the dilution risk. - FY2020First statedAnnual report
「As of the end of the fiscal year, the number of potential shares represented by these stock acquisition rights was 172,200, equivalent to 3.44% of the total number of issued shares of 5,011,350.」
The disclosure indicates that stock acquisition rights granted as incentives to officers and employees could dilute shareholder value and voting rights.