Dilution of Share Value Resulting from the Exercise of the Sixth Series of Stock Acquisition Rights
First written in FY2024-Q2. 3 of 5 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
Miahelsa Holdings moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 28 of 54 companies on the "Worse" side.
56 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「1 April 2025–31 March 2026 Change in total shares issued: 7,000 shares; change in stated capital: ¥1.250 million; change in capital surplus: ¥1.250 million. (Note) The increase resulted from the exercise of stock acquisition rights (stock options).」
After the exercise of the 6th Series Stock Acquisition Rights was completed, 7,000 shares were issued through the exercise of stock options. - FY2025MaterialisedAnnual report
「Of the 268,000 new shares issued during the consolidated fiscal year, 265,000 shares resulted from the exercise of the 6th Series Stock Acquisition Rights issued through a third-party allotment.」
The exercise of the 6th Series Stock Acquisition Rights resulted in the issuance of 265,000 shares, causing actual dilution of the value of existing shareholders’ holdings. - FY2025-H1MaterialisedAnnual report
「1 April 2024–30 September 2024 Change in total shares issued: 107,000 shares; change in stated capital: ¥53.043 million; change in capital surplus: ¥53.043 million. (Note) The increase resulted from the exercise of stock acquisition rights.」
The exercise of the 6th Series Stock Acquisition Rights and other rights resulted in the issuance of 107,000 shares, converting part of the potential shares into issued shares. - FY2024-Q3RestatedAnnual report
「As of 31 January 2024, the number of potential shares underlying the stock acquisition rights was 280,000, equivalent to 11.1% of the 2,512,300 total shares issued.」
The company reiterated the status underlying the risk of dilution from the exercise of stock acquisition rights: 280,000 potential shares, equivalent to 11.1% of total shares issued. - FY2024-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 18 August 2023, the company resolved to issue the 6th Series Stock Acquisition Rights through a third-party allotment. If these stock acquisition rights are exercised, the value of shareholders’ holdings may be diluted. As of 31 October 2023, the number of potential shares underlying the stock acquisition rights was 280,000, equivalent to 11.1% of the 2,512,300 total shares issued.」
The company newly disclosed the possibility that the exercise of the 6th Series Stock Acquisition Rights could dilute the value of existing shareholders’ holdings. As of 31 October 2023, the number of potential shares was 280,000, equivalent to 11.1% of total shares issued.