Risk of Dilution of Existing Shareholders Through the Exercise of Stock Acquisition Rights
First written in FY2019. 14 of 18 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2025.
Ahc Group moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
4 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「As of the end of the current consolidated fiscal year, the number of potential shares underlying these stock acquisition rights was 48,150, equivalent to 2.25% of the 2,135,870 issued shares.」
Potential shares decreased from 52,800, or 2.50%, in the previous year to 48,150, or 2.25%. Meanwhile, 3,850 shares were exercised during the current fiscal year. - FY2025-H1MaterialisedAnnual report
「During the current interim consolidated fiscal period, treasury shares were disposed of upon the exercise of stock acquisition rights, and treasury shares were acquired without consideration under the restricted stock compensation plan. These transactions reduced treasury shares by ¥1.346 million (646 shares).」
Disposals of treasury shares accompanying the exercise of stock acquisition rights continued, resulting in a change of 646 shares. - FY2024SoftenedAnnual report
「As of the end of the current consolidated fiscal year, the number of potential shares underlying these stock acquisition rights was 52,800, equivalent to 2.50% of the 2,109,576 issued shares. During the current fiscal year, 23,250 shares, 2,800 shares and 1,650 shares were exercised under stock acquisition rights (stock options), leaving 31,000 shares, 16,000 shares and 5,800 shares unexercised, respectively.」
Potential shares decreased from 84,000, or 4.00%, in the previous year to 52,800, or 2.50%. A total of 27,700 shares were exercised in FY2024, so dilution events continue, although the potential overhang is shrinking. - FY2024-Q2MaterialisedAnnual report
「During the six-month period of the current consolidated fiscal year, treasury shares were also disposed of upon the exercise of stock acquisition rights.」
Disposals of treasury shares accompanying the exercise of stock acquisition rights continued to occur, and the potential dilution factor is materializing. - FY2024-Q1MaterialisedAnnual report
「During the three-month period of the current consolidated fiscal year, treasury shares were disposed of upon the exercise of stock acquisition rights. This reduced treasury shares by ¥227,000 (400 shares).」
The disposal of treasury shares accompanying the exercise of stock acquisition rights also occurred during the first quarter of the current fiscal year, resulting in a change of 400 shares. - FY2023-Q3MaterialisedAnnual report
「During the nine-month period of the current consolidated fiscal year, treasury shares were disposed of upon the exercise of stock acquisition rights, and treasury shares were acquired without consideration under the restricted stock compensation plan. These transactions reduced treasury shares by ¥1.992 million, while the number of shares increased by 54.」
Disposals of treasury shares accompanying the exercise of stock acquisition rights continued, and treasury shares were also acquired without consideration under the restricted stock compensation plan. Treasury shares decreased by ¥1.992 million, while the number of shares increased by 54. - FY2023-Q2MaterialisedAnnual report
「During the six-month period of the current consolidated fiscal year, treasury shares were also disposed of upon the exercise of stock acquisition rights. This reduced treasury shares by ¥454,000 (400 shares).」
The disposal of treasury shares accompanying the exercise of stock acquisition rights also occurred during the six-month period of the current consolidated fiscal year, resulting in a change of 400 shares. - FY2022SoftenedAnnual report
「As of the end of the current consolidated fiscal year, the number of potential shares underlying these stock acquisition rights was 84,000, equivalent to 4.00% of the 2,097,650 issued shares.」
Potential shares decreased from 93,300, or 4.45%, at the end of the previous fiscal year to 84,000, or 4.00%. Meanwhile, 8,900 treasury shares were disposed of during the current fiscal year upon the exercise of stock acquisition rights. - FY2022-Q3MaterialisedAnnual report
「During the nine-month period of the current consolidated fiscal year, treasury shares were disposed of upon the exercise of stock acquisition rights. These transactions reduced treasury shares by ¥19.239 million (16,931 shares).」
The disposal of treasury shares accompanying the exercise of stock acquisition rights also occurred during the nine-month period of the current fiscal year, resulting in a change of 16,931 shares. - FY2022-Q2MaterialisedAnnual report
「In addition, treasury shares were disposed of as restricted stock compensation pursuant to a resolution of the Board of Directors dated 14 March 2022. During the second quarter of the current consolidated fiscal year, treasury shares were also disposed of upon the exercise of stock acquisition rights. These transactions reduced treasury shares by ¥16.739 million (14,731 shares).」
The disposal of treasury shares accompanying the exercise of stock acquisition rights occurred during the second quarter of the current consolidated fiscal year, and changes in the number of shares continued. - FY2021MaterialisedAnnual report
「Between 1 December 2020 and 30 November 2021, the exercise of stock acquisition rights increased the total number of issued shares by 7,350 and increased both share capital and the capital surplus by ¥444,000. As of the end of the current consolidated fiscal year, the number of potential shares underlying these stock acquisition rights was 93,300, equivalent to 4.45% of the 2,097,650 issued shares.」
The increase in issued shares resulting from the exercise of stock acquisition rights continued during the year. The company disclosed 93,300 potential shares at year-end, equivalent to 4.45% of issued shares. - FY2021-Q3MaterialisedAnnual report
「Between 1 June 2021 and 31 August 2021, the exercise of stock acquisition rights increased the total number of issued shares by 1,450 and increased both share capital and the capital surplus by ¥85,000.」
The exercise of stock acquisition rights increased issued shares by 1,450, and the dilution factor continues to materialize. - FY2021-Q2MaterialisedAnnual report
「Between 1 March 2021 and 31 May 2021, the exercise of stock acquisition rights increased the total number of issued shares by 5,600 and increased both share capital and the capital surplus by ¥330,000.」
The exercise of stock acquisition rights increased issued shares by 5,600, and the dilution factor continues to materialize. - FY2021-Q1MaterialisedAnnual report
「Between 1 March 2021 and 31 March 2021, the exercise of stock acquisition rights increased the total number of issued shares by 2,600.」
Issued shares increased by 2,600 during the period after the filing as a result of the exercise of stock acquisition rights, and the dilution factor continued to materialize. - FY2020-Q3MaterialisedAnnual report
「Between 1 June 2020 and 31 August 2020, the exercise of stock acquisition rights increased the total number of issued shares by 600.」
The increase in issued shares resulting from the exercise of stock acquisition rights also occurred in the third quarter of the current fiscal year, and the dilution factor continued to materialize. - FY2020-Q2MaterialisedAnnual report
「Between 1 March 2020 and 31 May 2020, the exercise of stock acquisition rights increased the total number of issued shares by 2,150 and increased both share capital and the capital surplus by ¥126,000.」
The exercise of stock acquisition rights again increased the number of shares, share capital and the capital surplus, following the previous quarter. - FY2020-Q1MaterialisedAnnual report
「On 25 February 2020, the exercise of stock acquisition rights increased the total number of issued shares by 1,000 and increased both share capital and the capital surplus by ¥59,000.」
The increase in issued shares resulting from the exercise of stock acquisition rights actually occurred, bringing the potential dilution event to fruition. - FY2019First statedAnnual report
「As of the end of the current consolidated fiscal year, the number of potential shares underlying these stock acquisition rights was 111,500, equivalent to 6.97% of the 1,600,000 issued shares.」
The company disclosed the potential dilution of equity value and voting rights from the exercise of stock acquisition rights.