Dilution of equity value resulting from the exercise of stock acquisition rights
First written in FY2023. 3 of 5 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- FY2026-H1MaterialisedAnnual report
「Cash provided by financing activities was ¥61,000 thousand, resulting from proceeds of ¥61,000 thousand from the issuance of shares through the exercise of stock acquisition rights.」
In the first half of 2026, 122,000 shares were issued through exercise of stock acquisition rights, increasing both share capital and capital reserves by ¥30,500 thousand. - FY2025MaterialisedAnnual report
「As of the end of the fiscal year, potential shares represented 11.28% of total issued shares excluding treasury shares. If these stock options are exercised, new shares may be issued, diluting the value and voting rights of existing shareholders.」
The potential-share ratio declined from 12.15% to 11.28%, while 132,000 shares were issued through exercise of stock acquisition rights during 2025. - FY2025-H1MaterialisedAnnual report
「Between 1 July 2025 and 31 July 2025, total issued shares increased by 6,000 shares through the exercise of stock acquisition rights.」
Reports actual issuance of shares before filing as a result of stock acquisition rights exercised in July 2025. - FY2024Updated potential-share ratioAnnual report
「As of the end of the fiscal year, potential shares represented 12.15% of total issued shares excluding treasury shares.」
Updates the dilution risk from stock acquisition rights using a 12.15% potential-share ratio. - FY2023First statedAnnual report
「As of the end of the fiscal year, potential shares represented 12.32% of total issued shares excluding treasury shares. If these stock options are exercised, new shares may be issued, diluting the value and voting rights of existing shareholders.」
Discloses a 12.32% potential-share ratio and identifies dilution from stock-option exercise as a risk.