Dilution of Existing Shareholders Through the Exercise of Stock Acquisition Rights
First written in FY2022. 4 of 10 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「As of the end of the month preceding the date of filing this document, the number of potential shares represented by these stock acquisition rights was 655,784, equivalent to 10.11% of the 6,484,101 issued shares.」
The potential share ratio rose from 7.59% in the previous fiscal year to 10.11%, increasing the quantified potential for dilution. - FY2025-H1MaterialisedAnnual report
「2,858 6,483,601 1,200 631,080 1,200 619,080 (Note) Increase resulting from the exercise of stock acquisition rights.」
The exercise of stock acquisition rights resulted in the issuance of 2,858 shares during the six-month consolidated period, meaning that the potential dilution event has actually occurred. - FY2024MitigatedAnnual report
「As of the end of the month preceding the date of filing this document, the number of potential shares represented by these stock acquisition rights was 491,712, equivalent to 7.59% of the 6,480,743 issued shares.」
The potential share ratio declined from 8.68% in the previous fiscal year to 7.59%. At the same time, 30,346 shares were issued through the exercise of stock acquisition rights during the fiscal year, meaning that part of the dilution has materialized. - FY2024-Q3MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
The exercise of stock acquisition rights resulted in an increase of 4,061 shares between 1 October 2023 and 31 December 2023, meaning that the potential dilution event has actually occurred. - FY2024-Q1MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
The exercise of stock acquisition rights resulted in an increase of 519 shares during the quarter, meaning that the potential dilution event has actually occurred. - FY2023MitigatedAnnual report
「As of the end of the month preceding the date of filing this document, the number of potential shares represented by these stock acquisition rights was 560,126, equivalent to 8.68% of the 6,450,916 issued shares.」
The percentage of potential shares declined from 9.06% reported for the previous fiscal year to 8.68%, reducing the quantified dilution risk. However, the potential for dilution through the exercise of stock acquisition rights remains. - FY2022First statedAnnual report
「As of the date of filing this document, the number of potential shares represented by these stock acquisition rights was 584,473, equivalent to 9.06% of the 6,450,397 issued shares.」
The potential dilution of equity value and voting rights from the exercise of stock acquisition rights granted to officers and employees is quantified.