Risk of Share Dilution from the Exercise of Stock Acquisition Rights
First written in FY2025. 4 of 5 entries say "Materialised", first in FY2026-H1. Latest entry: FY2027-H1.
Taka-Q moved to the "Worse" side of this theme in 2025, 4 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".
- FY2027-H1MaterialisedAnnual report
「On 28 April 2026, new shares were issued upon the exercise of the first series of share acquisition rights,」
The exercise of the first series of share acquisition rights resulted in the issuance of 8 million common shares, realizing part of the potential dilution through an actual share issuance. - FY2026MaterialisedAnnual report
「During the fiscal year, the total number of issued shares increased by 9,300,000 as a result of the exercise of the First Series Stock Acquisition Rights.」
During the fiscal year, 9.3 million shares were issued in respect of the First Series Stock Acquisition Rights, leaving 22.9 million shares subject to unexercised rights. Part of the potential dilution materialized as an actual share issuance. - 2026-04-28MaterialisedOccurring Fact
「The percentage relative to the total number of voting rights held by all shareholders after the change was estimated by adding the 80,000 voting rights increased through the exercise of share acquisition rights to the total number of voting rights held by all shareholders in Note 3.」
The exercise of the first series of share acquisition rights increased voting rights by a further 80,000, meaning that part of the previously disclosed dilution risk materialized as an actual increase in voting rights. - FY2026-H1MaterialisedAnnual report
「The First Series Stock Acquisition Rights issued by the Company were exercised as follows between 1 September 2025 and 8 October 2025.」
Of the First Series Stock Acquisition Rights, 53,000 were exercised by the filing date, resulting in the issuance of 5,300,000 shares. The unexercised balance was 229,000 rights, meaning that part of the potential dilution risk materialized as an actual share issuance. - FY2025First statedAnnual report
「As of the end of February 2025, there were 322,000 of these stock acquisition rights outstanding, and 32,200,000 shares would be issued if all were exercised.」
The Company identifies the potential issuance of 32.2 million shares upon full exercise of the First Series Stock Acquisition Rights as a standalone risk, with potential effects on share value and supply and demand.