Dilution of Share Value from the Exercise of Stock Acquisition Rights
First written in FY2018. 9 of 19 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2027-H1.
MS&Consulting moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
52 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「① [Terms of the stock-option program] Not applicable. ② [Status of other share acquisition rights] Not applicable.」
While 538,900 potential shares were disclosed for the previous fiscal year, this filing states that stock options and other share acquisition rights were not applicable. - FY2026WorsenedAnnual report
「As of the filing date, the number of potentially dilutive shares represented by stock acquisition rights was 538,900, equivalent to 11.7% of the total 4,597,400 issued shares.」
Following the issuance of stock acquisition rights and other instruments to Wiz, potentially dilutive shares will total 538,900, or 11.7% of total issued shares, representing a substantial increase in potential dilution from 30,700 shares, or 0.7%, in the previous period. - FY2026-H1WorsenedAnnual report
「Offering related to the disposal of treasury shares: 236,000 common shares; these stock acquisition rights: potentially dilutive shares from the issuance: 538,900 shares」
In addition to the planned disposal of 236,000 treasury shares to Wiz, the issuance of stock acquisition rights representing 538,900 potentially dilutive shares was approved. The potential for future dilution will expand substantially compared with the existing 30,700 potentially dilutive shares. - FY2025MitigatedAnnual report
「As of the filing date, the number of potentially dilutive shares represented by stock acquisition rights was 30,700, equivalent to 0.7% of the total 4,597,400 issued shares.」
Potentially dilutive shares decreased from 32,100 in the previous period to 30,700, reducing the scale of potential dilution. - FY2025-Q1MaterialisedAnnual report
「1 March 2024–31 May 2024 (Note) 14,300 4,597,400 3,575 78,115 3,575 78,115 (Note) Increase due to the exercise of stock acquisition rights.」
The total number of issued shares increased by 14,300 during the first quarter through the exercise of stock acquisition rights. Dilution has materialized. - FY2024MitigatedAnnual report
「As of the filing date, the number of potentially dilutive shares represented by stock acquisition rights was 32,100, equivalent to 0.7% of the total 4,597,400 issued shares.」
Potentially dilutive shares decreased from 165,800, or 3.7%, in the previous period to 32,100, or 0.7%, reducing the scale of potential dilution. - FY2024-Q1MaterialisedAnnual report
「1 March 2023–31 May 2023 (Note) 16,000 4,530,100 4,000 61,290 4,000 61,290 (Note) Increase due to the exercise of stock acquisition rights.」
The total number of issued shares increased by 16,000 during the first quarter through the exercise of stock acquisition rights. Dilution has materialized. - FY2022MitigatedAnnual report
「As of the filing date, the number of potentially dilutive shares represented by stock acquisition rights was 165,800, equivalent to 3.7% of the total 4,465,000 issued shares.」
Potentially dilutive shares decreased from 381,600, or 8.5%, in the previous period to 165,800, or 3.7%, reducing the scale of potential dilution, as 215,800 stock options expired during the current period. - FY2021MitigatedAnnual report
「As of the filing date, the number of potentially dilutive shares represented by stock acquisition rights was 381,600, equivalent to 8.5% of the total 4,465,000 issued shares.」
Potentially dilutive shares decreased from 433,100, or 9.8%, in the previous period to 381,600, or 8.5%, reducing the scale of potential dilution. - FY2021-Q3MaterialisedAnnual report
「Between 1 December 2020 and 13 January 2021, the total number of issued shares increased by 48,000 through the exercise of stock acquisition rights, while stated capital and the capital surplus each increased by ¥12 million.」
The number of issued shares increased by 48,000 through the exercise of stock acquisition rights during the period up to the filing date, indicating that dilution is continuing to materialize. - FY2021-Q2MaterialisedAnnual report
「1 June 2020–31 August 2020 (Note) 2,000 4,417,000 500 609,038 500 1,212,472 (Note) Increase due to the exercise of stock acquisition rights.」
From June to August 2020, the number of issued shares increased by 2,000 through the exercise of stock acquisition rights, indicating that dilution is continuing to materialize. - FY2020MitigatedAnnual report
「As of the date of submission of this document, the number of potential shares attributable to new subscription rights was 433,100, equivalent to 9.8% of the total number of issued shares of 4,415,000.」
While 100,600 shares were issued through the exercise of new subscription rights during the period, the number of potential shares decreased from the previous 532,600, or 11.4%, to 433,100, or 9.8%. - FY2020-Q4MaterialisedAnnual report
「The increase resulted from the exercise of new subscription rights. 2. Between 1 January 2020 and 6 February 2020, the total number of issued shares increased by 6,000 through the exercise of new subscription rights, while stated capital and capital surplus each increased by ¥1,500 thousand.」
From October through December 2019, the number of issued shares increased by 800 through the exercise of new subscription rights, and increased by a further 6,000 by the date of submission. The dilution factor from the exercise of new subscription rights continues to materialise. - FY2020-Q3MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
From July through September 2019, the number of issued shares increased by 86,000 through the exercise of new subscription rights, and increased by a further 800 by the date of submission. The dilution factor from the exercise of new subscription rights continues to materialise. - FY2020-Q2MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
From April through June 2019, the number of issued shares increased by 1,300 through the exercise of new subscription rights, meaning that the dilution factor continued to materialise. - FY2019MitigatedAnnual report
「As of the date of submission of this document, the number of potential shares attributable to new subscription rights was 532,600, equivalent to 11.4% of the total number of issued shares of 4,680,000.」
The number of potential shares decreased from the previously stated 586,700, or 12.7%, to 532,600, or 11.4%, reducing the potential scale of dilution. - FY2019-Q4MaterialisedAnnual report
「1 October 2018 to 31 December 2018 (Note) 43,200 4,671,200 10,854 581,377 10,854 1,184,811 (Note) The increase resulted from the exercise of new subscription rights.」
From October through December 2018, the number of issued shares increased by 43,200 through the exercise of new subscription rights, bringing the total number of issued shares to 4,671,200. - FY2019-Q3MaterialisedAnnual report
「The increase resulted from the exercise of share acquisition rights.」
From 1 July through 30 September 2018, the number of issued shares increased by 1,400 through the exercise of new subscription rights. The specific dilution rate and impact on the share price were not disclosed. - FY2018First statedAnnual report
「As of the date of submission of this document, the number of potential shares attributable to new subscription rights was 586,700, equivalent to 12.7% of the total number of issued shares of 4,626,600.」
The 586,700 potential shares are equivalent to 12.7% of the total number of issued shares, indicating the potential for dilution from the exercise of new subscription rights.