Dilution from the Exercise of Stock Acquisition Rights
First written in FY2022. 3 of 6 entries say "Worsened", first in FY2024-Q2. Latest entry: FY2026.
Mercury moved to the "Worse" side of this theme in 2024, 3 years after 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 date of filing this report, potential shares represented 7.66% of total shares issued. If these stock acquisition rights are exercised, shares will be issued and the value of existing shareholders’ shares and their voting rights could be diluted.」
The potential-share ratio fell from 10.72% to 7.66%, but the disclosure concerning possible dilution from exercise of stock acquisition rights continues. - FY2025WorsenedAnnual report
「As of the date of filing this report, potential shares represented 10.72% of total shares issued. If these stock acquisition rights are exercised, shares will be issued and the value of existing shareholders’ shares and their voting rights could be diluted.」
The potential-share ratio increased from 4.6% to 10.72%, expanding the potential dilution exposure. - FY2025-Q1WorsenedAnnual report
「Number of stock acquisition rights: 400. Class and number of shares underlying the rights: common shares, 40,000 shares.」
The Board of Directors resolved on 16 July 2024 to issue 400 12th-Series stock acquisition rights, equivalent to 40,000 shares, to 1 director and 1 employee. - FY2024-Q2WorsenedAnnual report
「11th Series of Stock Acquisition Rights; resolution date: 14 June 2023; eligible recipients and number: 1 director and 28 employees; number of rights: 221; class, details and number of shares underlying the rights: common shares, 22,100.」
The 11th Series of Stock Acquisition Rights was issued to 1 director and 28 employees, creating newly disclosed potential shares equivalent to 22,100 shares. - FY2023MitigatedAnnual report
「At the end of February 2023, potential shares represented 4.6% of total shares issued. If these stock acquisition rights are exercised, shares will be issued and the value of existing shareholders’ shares and their voting rights could be diluted.」
The potential-share ratio fell from 8.9% to 4.6%, but the disclosure concerning possible dilution continues. - FY2022First statedAnnual report
「At the end of February 2022, potential shares represented 8.9% of total shares issued. If these stock acquisition rights are exercised, shares will be issued and the value of existing shareholders’ shares and their voting rights could be diluted.」
The potential dilution of existing shareholders’ share value and voting rights from potential shares is quantified at 8.9%.