Dilution of Share Value from the Exercise of Stock Acquisition Rights
First written in FY2022. 7 of 11 entries say "Materialised", first in FY2023-Q3. Latest entry: 2026-09-29.
Fines moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
32 other companies' latest entry also says "Worsened".
- 2026-09-29WorsenedShare Issuance and Disposal
「The total number of shares that may be delivered upon the exercise of these stock acquisition rights shall be 60,000 shares of our common stock. If the number of shares granted in respect of these stock acquisition rights is adjusted pursuant to Section 3 (1) below, the total shall be the adjusted number of shares granted multiplied by the number of these stock acquisition rights.」
The resolution to issue stock acquisition rights equivalent to 60,000 new shares of common stock discloses an increase in the number of potential shares and future dilution exposure. - FY2026MitigatedAnnual report
「As of the end of the consolidated fiscal year, the number of potential shares represented by stock acquisition rights was 115,800, equivalent to 2.5% of the total 4,661,100 issued shares.」
Although shares continue to be issued through the exercise of stock acquisition rights, the number of potential shares has declined from 129,300, or 2.8%, to 115,800, or 2.5%. - FY2026-H1MaterialisedAnnual report
「1 July 2025 to 31 December 2025 (Note) 7,500 4,659,900 2,006 235,763 2,006 225,763 (Note) Increase due to the exercise of stock acquisition rights.」
During the interim accounting period, the total number of issued shares increased by 7,500 shares through the exercise of stock acquisition rights, resulting in the actual conversion of potential shares into issued shares. - FY2025MaterialisedAnnual report
「The increase of 25,200 shares in the total number of issued common shares was due to the exercise of stock acquisition rights.」
During the fiscal year, 25,200 shares were actually issued through the exercise of stock acquisition rights. As of the end of the fiscal year, the number of potential shares was 129,300, representing a potential share ratio of 2.8%. - FY2025-H1MaterialisedAnnual report
「1 July 2024 to 31 December 2024 (Note) 3,600 4,645,200 838 232,649 838 222,649 (Note) Increase due to the exercise of stock acquisition rights.」
During the interim accounting period, the total number of issued shares increased by 3,600 shares through the exercise of stock acquisition rights, while capital and capital reserves each increased by ¥838 thousand. - FY2024MaterialisedAnnual report
「The increase of 87,200 issued shares during the fiscal year resulted from the exercise of stock acquisition rights. As of the end of the fiscal year, the number of potential shares underlying the stock acquisition rights was 157,000, equivalent to 3.4% of the total 4,627,200 issued shares.」
During the fiscal year, 87,200 shares were actually issued through the exercise of stock acquisition rights. At the end of the fiscal year, 157,000 potential shares, or 3.4%, remained outstanding. - FY2024-Q3MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
Between 1 January 2024 and 31 March 2024, the total number of issued shares increased by 31,000 shares through the exercise of stock acquisition rights, while stated capital and capital surplus each increased by ¥3.042 million. Potential shares were actually converted into shares. - FY2024-Q2MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
Between 1 October 2023 and 31 December 2023, the total number of issued shares increased by 11,600 shares through the exercise of stock acquisition rights, meaning that potential shares were actually converted into shares. - FY2024-Q1WorsenedAnnual report
「The increase resulted from the exercise of stock acquisition rights. Common shares 25,000 (Note 1)」
During the cumulative three-month period, the total number of issued shares increased by 21,600 shares through the exercise of stock acquisition rights. In addition, stock acquisition rights were issued to employees in respect of 25,000 common shares, increasing potential dilution exposure. - FY2023-Q3MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
During the cumulative nine-month accounting period, the total number of issued shares increased by 4,000 shares through the exercise of stock acquisition rights, meaning that potential shares were actually converted into shares. - FY2022First statedAnnual report
「As of the end of the fiscal year, the number of potential shares underlying the stock acquisition rights was 266,800, equivalent to 6.3% of the total 4,240,000 issued shares.」
The company describes the possibility that exercise of the stock acquisition rights could increase the total number of issued shares and dilute per-share equity value.