Dilution of share value and voting rights through the exercise of stock acquisition rights
First written in FY2023. 3 of 4 entries say "Materialised", first in FY2024. Latest entry: FY2026.
Arent 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.
56 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「As of the date of submission of this document, the number of potential shares from stock acquisition rights was 234,200, equivalent to 3.4% of the total 6,954,295 issued shares.」
During the fiscal year, 165,920 shares were exercised and 68,280 shares expired, reducing the remaining potential shares from 468,400 to 234,200 and the ratio from 7.2% to 3.4%. Dilution continues to occur in practice. - FY2025MaterialisedAnnual report
「As of the date of filing this document, the number of potential shares represented by stock acquisition rights was 468,400, equivalent to 7.2% of the total 6,538,085 issued shares.」
Dilution through the exercise of stock acquisition rights occurred in part, with 234,200 shares exercised during the period. The remaining potential shares totaled 468,400, equivalent to 7.2% of the total issued shares. - FY2024MaterialisedAnnual report
「The exercise of stock acquisition rights increased the total number of issued shares by 6,600 and increased both capital stock and capital reserves by ¥749 thousand.」
The exercise of Series 2 stock acquisition rights resulted in the issuance of 6,600 shares, and part of the dilution from potential shares occurred in practice. Of the Series 1 stock acquisition rights, 702,600 shares remain, equivalent to 11.3% of the total issued shares. - FY2023First statedAnnual report
「As of the date of filing this document, the number of potential shares represented by stock acquisition rights was 709,200, equivalent to 11.4% of the total 6,198,780 issued shares.」
The company states, together with the number and percentage of potential shares, that the issuance of new shares through the exercise of stock acquisition rights may dilute the equity value per share and voting rights percentage.