Share-Value Dilution from the Conversion of Potential Shares
First written in FY2022. 10 of 11 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- FY2026-H1MaterialisedAnnual report
「1 January 2026–30 June 2026 (Note) 57,000 9,911,500 12,874 657,051 12,874 633,958 (Note) Increase due to exercise of stock acquisition rights.」
Exercise of stock acquisition rights resulted in the issuance of 57,000 shares in the first half of 2026, increasing total issued shares to 9,911,500. The conversion of potential shares continued to increase the share count. - 2026-05-14MaterialisedEarnings
「①Number of issued shares at period-end (including treasury shares) 1Q of fiscal year ending December 2026 9,906,000 shares Fiscal year ended December 2025 9,854,500 shares」
The number of issued shares at period-end increased, indicating that dilution from the conversion of potential shares continued to occur in practice. - FY2025MaterialisedAnnual report
「As of the date of submission of this document, potential shares from stock acquisition rights totaled 510,500 shares, equivalent to 5.2% of the 9,854,500 issued shares.」
Exercise of stock acquisition rights resulted in the issuance of 162,000 shares during 2025, increasing issued shares to 9,854,500. However, 510,500 potential shares remained as of the submission date, so dilution risk continued. - FY2025-H1MaterialisedAnnual report
「1 January 2025– 30 June 2025 44,000 9,736,500 (Note) Increase due to exercise of stock acquisition rights.」
Exercise of stock acquisition rights resulted in the issuance of 44,000 shares in the first half of 2025, increasing total issued shares to 9,736,500. The conversion of potential shares continued to materialize. - FY2024MaterialisedAnnual report
「1 January 2024–31 December 2024 68,000 9,692,500」
Exercise of stock acquisition rights resulted in the issuance of 68,000 shares during 2024, increasing total issued shares to 9,692,500. Dilution from the conversion of potential shares continued to occur. - FY2024-H1MaterialisedAnnual report
「1 January 2024– 30 June 2024 14,500 9,639,000 3,328 560,134 3,328 537,041 (Note) Increase due to exercise of stock acquisition rights.」
Exercise of stock acquisition rights resulted in the issuance of 14,500 shares during the interim period, increasing total issued shares to 9,639,000. Potential dilution continued to materialize as an increase in shares. - FY2024-Q1MaterialisedAnnual report
「1 January 2024– 31 March 2024 6,500 9,631,000 1,260 558,066 1,260 534,973 (Note) Increase due to exercise of stock acquisition rights.」
Exercise of stock acquisition rights resulted in the issuance of 6,500 shares in the first quarter, increasing total issued shares to 9,631,000. The conversion of potential shares continued to increase the share count. - FY2023-Q3MaterialisedAnnual report
「1 July 2023–30 September 2023 77,500 9,549,500 13,891 543,146 13,891 520,053 (Note) Increase due to exercise of stock acquisition rights.」
Exercise of stock acquisition rights resulted in the issuance of 77,500 shares in the third quarter, increasing total issued shares to 9,549,500. The conversion of potential shares and increase in shares continued to materialize. - FY2023-Q2MaterialisedAnnual report
「1 April 2023–30 June 2023 23,500 9,472,000」
Exercise of stock acquisition rights resulted in the issuance of 23,500 shares in the second quarter, increasing total issued shares to 9,472,000. A further 25,500 shares were issued from 1 July through 31 July 2023, so dilution continued to materialize. - FY2023-Q1MaterialisedAnnual report
「1 January 2023–31 March 2023 12,000 9,448,500」
Exercise of stock acquisition rights resulted in the issuance of 12,000 shares in the first quarter, increasing total issued shares to 9,448,500. The potential dilution materialized as an increase in shares. - FY2022First statedAnnual report
「As of 31 December 2022, potential shares from stock acquisition rights totaled 979,000 shares, equivalent to 10.4% of the 9,436,500 issued shares.」
The Group explained its policy of continuing to grant stock acquisition rights as incentives to officers and employees and the potential dilution of existing shareholders’ value and voting rights upon exercise.