Risk of Shareholder Value Dilution Through the Exercise of Stock Acquisition Rights
First written in FY2023. 7 of 8 entries say "Materialised", first in FY2024-Q3. Latest entry: FY2026.
Grid 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 30 June 2026, the number of potential shares represented by stock acquisition rights was 478,245, equivalent to a potential share ratio of 10.0% relative to the 4,802,955 shares issued by the company. If these stock acquisition rights are exercised, the value of the company's shares may be diluted.」
Exercise of stock acquisition rights continued, bringing the number of potential shares to 478,245 and the potential share ratio to 10.0%. Dilution continues to progress in practice. - 2026-08-14MaterialisedEarnings
「Number of shares issued at fiscal year-end (including treasury shares) Fiscal year ended June 2026: 4,802,955 shares Fiscal year ended June 2025: 4,750,626 shares」
The number of shares issued increased by 52,329 from the end of the prior fiscal year, indicating progress in dilution from the exercise of stock acquisition rights and other factors. - FY2026-H1MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
From July to December 2025, the number of shares outstanding increased by 4,302 through the exercise of stock acquisition rights. A further 25,434 shares were added in January 2026, and dilution continues to progress in practice. - FY2025MaterialisedAnnual report
「As of 30 June 2025, the number of potential shares from stock acquisition rights was 530,574, representing a potential dilution ratio of 11.2% relative to the 4,750,626 shares outstanding. If these stock acquisition rights are exercised, the value of our shares may be diluted.」
The number of shares continued to increase through the exercise of stock acquisition rights, with potential shares at the end of the period totalling 530,574 and the potential dilution ratio reaching 11.2%. - FY2025-H1MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
From July to December 2024, the number of shares outstanding increased by 13,722 through the exercise of stock acquisition rights, bringing the number of shares outstanding as of the date of filing to 4,736,235. Dilution continues to progress in practice. - FY2024MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
From January to June 2024, the number of common shares increased by 36,747 through the exercise of stock acquisition rights, and dilution actually progressed. At the end of the period, the number of potential shares was 560,253 and the potential dilution ratio was 11.9%. - FY2024-Q3MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
The number of shares outstanding increased by 9,576 shares through the exercise of stock acquisition rights during the third-quarter accounting period and increased by a further 4,005 shares by the date of filing. An actual increase in the number of shares due to the exercise of stock acquisition rights occurred. - FY2023First statedAnnual report
「As of the date of filing this document, the number of potential shares from stock acquisition rights is 597,000, representing a potential dilution ratio of 12.7% relative to the 4,684,200 shares outstanding. If these stock acquisition rights are exercised, the value of our shares may be diluted.」
Provides specific figures for the number of potential shares and the potential dilution ratio.