Risk of Dilution from the Exercise of Stock Options
First written in FY2017. 6 of 11 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「Not applicable.」
The absence of any applicable stock option arrangements or other stock acquisition rights during the interim consolidated accounting period has been reaffirmed. - FY2023-Q3RestatedAnnual report
「Not applicable.」
The quarterly securities report states that there were no applicable stock option arrangements and no potential shares. This reaffirms that the risk of dilution of equity value is quantitatively low. - FY2022MitigatedAnnual report
「Exercised 47,400 Expired 3,600 Unexercised balance –」
During the fiscal year, 47,400 stock options were exercised and 3,600 expired, leaving no unexercised balance. The dilution risk from potential shares has therefore declined in quantitative terms. - FY2021SoftenedAnnual report
「As of 20 March 2021, the total number of potential shares arising from stock options was 51,000, equivalent to 0.6% of the 7,996,200 issued shares. If these stock options are exercised, new shares will be issued, which could dilute equity value.」
The total number of potential shares declined from the previous 76,800 to 51,000, and the percentage of total issued shares declined from 1.0% to 0.6%. The dilution risk itself continues. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No significant changes have been identified in the risk of dilution of equity value from the exercise of stock options. - FY2021-Q2RestatedAnnual report
「During the cumulative consolidated period for the second quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No significant changes have been identified in the risk of dilution of equity value from the exercise of stock options. - FY2020SoftenedAnnual report
「As of 20 March 2020, the total number of potential shares arising from stock options was 76,800, equivalent to 1.0% of the 7,970,400 issued shares. If these stock options are exercised, new shares will be issued, which could dilute equity value.」
The total number of potential shares declined from the previous 85,200 to 76,800, and the percentage of total issued shares declined from 1.1% to 1.0%. The dilution risk itself continues. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No significant changes have been identified in the risk of dilution of equity value from the exercise of stock options. - FY2019RestatedAnnual report
「As of 20 March 2019, the total number of potential shares arising from stock options was 85,200, equivalent to 1.1% of the 7,962,000 issued shares. If these stock options are exercised, new shares will be issued, which could dilute equity value.」
The risk of dilution of equity value from the exercise of stock options has been reiterated, with 85,200 potential shares representing 1.1% dilution. - FY2018SoftenedAnnual report
「As of 20 March 2018, the total number of potential shares arising from stock options was 85,200, equivalent to 1.1% of the 7,962,000 issued shares. If these stock options are exercised, new shares will be issued, which could dilute equity value.」
The number of potential shares declined from the previous 88,800 to 85,200, while the percentage of total issued shares remained at 1.1%; the dilution risk itself continues. - FY2017First statedAnnual report
「As of 20 March 2017, the total number of potential shares arising from stock options was 88,800, equivalent to 1.1% of the 7,959,600 issued shares. If these stock options are exercised, new shares will be issued, which could dilute equity value.」
The number of potential shares and their percentage of total issued shares are shown, and dilution of equity value upon exercise is identified as a risk for the first time.