Dilution of per-share value from the exercise of stock options
First written in FY2023. 6 of 7 entries say "Materialised", first in FY2024-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「As of the end of the current consolidated fiscal year, the number of potential shares from stock acquisition rights was 1,769,700, equivalent to 7.1% of the total number of issued shares, after reflecting the stock split implemented on 1 July 2026 at a ratio of 2 shares for each ordinary share.」
During FY2026, 506,850 shares were added through the exercise of stock acquisition rights, while the number of potential shares remained 1,769,700, or 7.1% of the total number of issued shares, as disclosed. Partial dilution continues to materialise. - FY2026-H1MaterialisedAnnual report
「The increase resulted from the exercise of stock acquisition rights.」
The total number of issued shares increased by 114,100 during the interim accounting period through the exercise of stock acquisition rights, continuing to realize part of the potential dilution. - FY2025MaterialisedAnnual report
「From 1 July 2024 to 30 June 2025, the exercise of stock acquisition rights increased the total number of issued shares by 5,000, capital stock by ¥2,213 thousand and capital surplus by ¥2,213 thousand.」
5,000 shares were issued through stock-option exercises during FY2025, continuing the realization of dilution. - FY2025-H1MaterialisedAnnual report
「The increase was due to the exercise of stock acquisition rights (stock options).」
The number of issued shares increased by 4,000 during the interim accounting period through the exercise of stock acquisition rights, partly realizing potential dilution as actual share issuance. - FY2024MaterialisedAnnual report
「From 1 July 2023 to 30 June 2024, the exercise of stock acquisition rights increased the total number of issued shares by 5,000, capital stock by ¥3,150 thousand and capital surplus by ¥3,150 thousand.」
5,000 shares were issued through stock-option exercises during the fiscal year. At period-end, potential shares totaled 583,000, equivalent to 15.2% of issued shares. - FY2024-Q3MaterialisedAnnual report
「(Note) Increase resulting from the exercise of stock acquisition rights.」
The number of issued shares increased by 5,000 during the third-quarter accounting period through the exercise of stock acquisition rights, partly realizing the potential dilution risk as actual share issuance. - FY2023First statedAnnual report
「As of the end of the current fiscal year, the number of potential shares from stock acquisition rights was 592,000, equivalent to 17.8% of the total number of issued shares.」
The company discloses the possibility that exercise of stock acquisition rights could dilute existing shareholders’ share value and voting interests.