Dilution of Shareholder Value from the Exercise of Stock Acquisition Rights
First written in FY2024. 5 of 8 entries say "Materialised", first in FY2025-Q1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
56 other companies' latest entry also says "Materialised".
- FY2027-H1MaterialisedAnnual report
「1 March 2026 to 31 August 2026 217,020 13,334,640 37,366 220,016 37,366 140,016 (Note) Increase due to the exercise of stock acquisition rights.」
During the interim period, 217,020 shares were issued through the exercise of stock acquisition rights, and both stated capital and the capital reserve increased by ¥37.366 million. - FY2026MitigatedAnnual report
「As of 30 April 2026, the end of the month preceding the filing date, the number of potential shares relating to stock acquisition rights was 805,520, equivalent to approximately 6.1% of the total number of shares issued.」
The number of potential shares decreased from 1,193,760, or approximately 9.3%, in the previous fiscal year to 805,520, or approximately 6.1%, reducing the potential for dilution. - 2026-05-02MaterialisedGeneral Meetings of Shareholders
「Issuance of new shares (exercise of share acquisition rights)」
The statement of changes in shareholders’ equity shows that new shares were issued through the exercise of share acquisition rights and treasury shares were disposed of during the fiscal year, indicating continued conversion into shares. - FY2026-H1MaterialisedAnnual report
「1 March 2025 to 31 August 2025 207,560 13,032,420 36,528 167,944 36,528 87,944 (Note) Increase due to the exercise of stock acquisition rights.」
During the interim period, 207,560 shares were issued through the exercise of stock acquisition rights, and both stated capital and the capital reserve increased by ¥36.528 million. The conversion of potential shares into issued shares through the exercise of stock acquisition rights is continuing. - FY2025MitigatedAnnual report
「As of 30 April 2025, the end of the month preceding the filing date, the number of potential shares relating to stock acquisition rights was 1,193,760, equivalent to approximately 9.3% of the total number of shares issued.」
The number of potential shares decreased from 1,677,300, or approximately 13.0%, to 1,193,760, or approximately 9.3%. Meanwhile, the disposal of treasury shares through the exercise of stock acquisition rights is continuing. - FY2025-H1MaterialisedAnnual report
「During the interim consolidated accounting period under review, treasury shares decreased by ¥225.769 million in connection with the disposal of treasury shares following the exercise of stock acquisition rights.」
The disposal of treasury shares following the exercise of stock acquisition rights also occurred during the interim period, and events leading to the conversion of potential shares into issued shares and dilution are continuing. - FY2025-Q1MaterialisedAnnual report
「During the cumulative first quarter under review, treasury shares decreased by ¥43.573 million in connection with the disposal of treasury shares following the exercise of stock acquisition rights.」
The disposal of treasury shares following the exercise of stock acquisition rights actually occurred, and some potential shares were converted into issued shares. - FY2024First statedAnnual report
「As of 30 April 2024, the end of the month preceding the filing date, the number of potential shares relating to stock acquisition rights was 1,677,300, equivalent to approximately 13.0% of the total number of shares issued.」
The 1,677,300 potential shares represent approximately 13.0% of total shares issued, and the potential dilution from the future exercise of stock acquisition rights is identified as a risk.