Risk of Share-Value Dilution from the Exercise of Stock Acquisition Rights
First written in FY2023. 5 of 9 entries say "Worsened", first in FY2024. Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- FY2026-H1WorsenedAnnual report
「19th Stock Acquisition Rights Resolution date 26 May 2026 Category and number of persons eligible for allocation (people) Company directors 6 Company employees 4 Number of stock acquisition rights (units)* 3,938 Class, content and number of shares underlying the stock acquisition rights (shares)* Common shares 393,800 (Note 1) Amount payable upon exercise (yen)* 357 (Note 2)」
The 17th, 18th and 19th stock acquisition rights added potential shares for employees, subsidiary employees, subsidiary directors and directors. The 19th issue covers 393,800 shares. - FY2025-H1WorsenedAnnual report
「Category and number of persons eligible for allocation (people) Company directors 5 Number of stock acquisition rights (units)* 7,720 Class, content and number of shares underlying the stock acquisition rights (shares)* Common shares 772,000 Exercise period of stock acquisition rights* From 16 January 2025 to 15 January 2035」
Stock acquisition rights underlying 772,000 shares were issued to 5 directors, expanding the potential dilution from unissued shares. - FY2024WorsenedAnnual report
「As of the date of submission of this document, the number of potential shares from stock acquisition rights was 1,488,600, equivalent to 17.4% of the total 8,536,800 issued shares.」
Potential shares increased from 815,200, or 9.5%, to 1,488,600, or 17.4%, expanding dilution risk. - FY2024-Q1MaterialisedAnnual report
「Change in total issued shares (shares) | 1,600 | Note: Increase due to the exercise of stock acquisition rights.」
The exercise of stock acquisition rights increased the number of shares by 1,600, meaning that part of the potential shares was actually issued. - FY2023First statedAnnual report
「As of the date of submission of this document, the number of potential shares from stock acquisition rights was 815,200, equivalent to 9.5% of the total 8,536,800 issued shares.」
Likelihood is high, expected timing is within 1 year and impact is small.