Dilution of Share Value from the Exercise of Stock Acquisition Rights
First written in FY2023. 6 of 7 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- FY2026-H1MaterialisedAnnual report
「1 January 2026–30 June 2026 (Note) 47,580 11,263,700 5,866 426,207 5,866 467,487 (Note) Increase due to exercise of stock acquisition rights.」
Exercise of stock acquisition rights increased shares issued by 47,580 from January through June 2026 and increased share capital and capital surplus by ¥5,866 thousand each. The potential dilution risk continues to materialize as actual share issuance. - FY2025MaterialisedAnnual report
「The total represents 7.9% of the total number of shares issued as of the end of December 2025. If these stock acquisition rights are exercised, the share value and voting rights of existing shareholders may be diluted.」
Exercise of stock acquisition rights increased shares issued by 345,280 during 2025. The total number of outstanding stock acquisition rights represented 7.9% of shares issued as of the end of December 2025. - FY2025-H1MaterialisedAnnual report
「The main factors were a ¥22,342 thousand increase each in share capital and capital surplus from the exercise of stock acquisition rights, and an increase in retained earnings from recording interim net income of ¥76,798 thousand, among other factors.」
Exercises of stock acquisition rights continued, increasing shares issued by 197,540 in the first half of 2025 and increasing share capital and capital surplus by ¥22,342 thousand each. The potential dilution risk has materialized as actual share issuance. - FY2024MaterialisedAnnual report
「The total represents 8.8% of the total number of shares issued as of the end of December 2024. If these stock acquisition rights are exercised, the share value and voting rights of existing shareholders may be diluted.」
Share issuance through stock acquisition rights continued, increasing shares issued by 233,600 during 2024. Potential dilution represented 8.8% of shares issued as of the end of December 2024. - FY2024-H1MaterialisedAnnual report
「Between 1 July 2024 and 31 July 2024, shares issued increased by 10,200 through the exercise of stock acquisition rights.」
Exercises of stock acquisition rights continued, increasing shares issued by 153,500 from January to June 2024 and by a further 10,200 in July. The potential dilution risk has materialized as actual share issuance. - FY2024-Q1MaterialisedAnnual report
「1 January 2024–31 March 2024 49,960 7,100 7,100 (Note) Increase due to exercise of stock acquisition rights.」
Exercise of stock acquisition rights increased shares issued by 49,960 during the quarter and increased share capital and capital surplus by ¥7,100 thousand each. The potential dilution risk has materialized as actual share issuance. - FY2023First statedAnnual report
「The total represents 12.2% of the total number of shares issued as of the end of December 2023.」
Stock acquisition rights granted to officers and employees represented 12.2% of shares issued at the end of December 2023, creating a possibility of dilution of existing shareholders' share value and voting rights upon exercise.