Dilution Risk from the Conversion of Class A Preferred Shares into Common Shares
First written in FY2017. 12 of 15 entries say "Restated". Latest entry: 2026-06-16.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-06-16MitigatedShare Issuance and DisposalSuggests it is closing out
「With the completion of the exercise of these stock acquisition rights, our planned capital policy has been completed, eliminating the possibility of future share dilution from the remaining stock acquisition rights.」
The disclosure stated that the possibility of future share dilution from outstanding Stock Acquisition Rights had been eliminated. - FY2027-H1RestatedAnnual report
「The Class A shares carry acquisition request rights exercisable in exchange for the Company's common shares. The number of common shares delivered as consideration for exercising these rights may be determined or adjusted based on the Company's share price over a specified period. If the Company's share price declines, the number of common shares delivered as consideration for these rights may increase.」
Continues to disclose the acquisition request rights for common shares attached to the Class A preferred shares and the mechanism under which the number of common shares delivered may increase when the share price declines. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period under review, there were no significant changes in the matters described in this interim report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding dilution risk from conversion of Class A preferred shares into common shares. - FY2024RestatedAnnual report
「These Class A preferred shares have been granted conversion rights into common shares exercisable from 1 March 2014. If the Class A preferred shares are converted into common shares in the future, the existing interests in the Company's common shares could be diluted and its share price formation could be adversely affected.」
Reiterates the conversion rights into common shares attached to the 1,483,036 Class A preferred shares and the dilution risk upon conversion. - FY2025-Q1RestatedAnnual report
「The Class A shares carry acquisition request rights exercisable in exchange for the Company's common shares. The number of common shares delivered as consideration for exercising these rights may be determined or adjusted based on the Company's share price over a specified period. If the Company's share price declines, the number of common shares delivered as consideration for these rights may increase.」
Provides a detailed reiteration of the acquisition request rights for common shares relating to the 1,483,036 Class A preferred shares and the mechanism under which the number of common shares delivered may increase when the share price declines. - FY2022Update to the transferee of the Class A preferred sharesAnnual report
「The Company issued a total of 1,483,036 Class A preferred shares on 31 March 2010. On 25 March 2022, they were transferred from The Bank of Yokohama, Ltd. to 株式会社ＡＦＣ－ＨＤアムスライフサイエンス. These Class A preferred shares have been granted conversion rights into common shares exercisable from 1 March 2014.」
States that the 1,483,036 Class A preferred shares were transferred from The Bank of Yokohama, Ltd. to parent company AFC-HD on 25 March 2022. The explanation of the conversion rights into common shares and dilution risk continues. - FY2020RestatedAnnual report
「On 31 March 2010, the Company issued a total of 1,483,036 Class A preferred shares, with The Bank of Yokohama, Ltd. as the allottee. These Class A preferred shares have been granted conversion rights into common shares exercisable from 1 March 2014. If the Class A preferred shares are converted into common shares in the future, the existing interests in the Company's common shares could be diluted and its share price formation could be adversely affected.」
Reiterates the dilution risk from conversion of the 1,483,036 Class A preferred shares into common shares. - FY2019RestatedAnnual report
「The Class A shares carry acquisition request rights exercisable in exchange for the Company's common shares. The number of common shares delivered as consideration for exercising these rights may be determined or adjusted based on the Company's share price over a specified period. If the Company's share price declines, the number of common shares delivered as consideration for these rights may increase.」
Reiterates the acquisition request rights for common shares relating to the 1,483,036 Class A preferred shares and the mechanism under which dilution may increase when the share price declines. - FY2019-Q3RestatedAnnual report
「The Class A shares carry acquisition request rights exercisable in exchange for the Company's common shares. The number of common shares delivered as consideration for exercising these rights may be determined or adjusted based on the Company's share price over a specified period. If the Company's share price declines, the number of common shares delivered as consideration for these rights may increase.」
Reiterates the acquisition request rights attached to the Class A shares and the mechanism under which the number of common shares delivered may increase when the share price declines. - FY2019-Q2RestatedAnnual report
「The Class A shares carry acquisition request rights exercisable in exchange for the Company's common shares. The number of common shares delivered as consideration for exercising these rights may be determined or adjusted based on the Company's share price over a specified period. If the Company's share price declines, the number of common shares delivered as consideration for these rights may increase.」
Reiterates the acquisition request rights for common shares attached to the Class A preferred shares and the mechanism under which the number of common shares delivered may increase when the share price declines. - FY2019-Q1RestatedAnnual report
「The Class A shares carry acquisition request rights exercisable in exchange for the Company's common shares. The number of common shares delivered as consideration for exercising these rights may be determined or adjusted based on the Company's share price over a specified period. If the Company's share price declines, the number of common shares delivered as consideration for these rights may increase.」
Continues to describe the acquisition request rights for common shares attached to the Class A preferred shares and the mechanism under which the number of common shares delivered may increase when the share price declines. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
States that there have been no material changes regarding dilution risk from conversion of Class A preferred shares into common shares. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
States that there have been no material changes regarding dilution risk from conversion of Class A preferred shares into common shares. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
States that there have been no material changes from the prior year's disclosure regarding dilution risk from conversion of Class A preferred shares into common shares. - FY2017First statedAnnual report
「On 31 March 2010, the Company issued a total of 1,483,036 Class A preferred shares, with The Bank of Yokohama, Ltd. as the allottee. These Class A preferred shares have been granted conversion rights into common shares exercisable from 1 March 2014. If the Class A preferred shares are converted into common shares in the future, the existing interests in the Company's common shares could be diluted and its share price formation could be adversely affected.」
The 1,483,036 Class A preferred shares carry conversion rights into common shares exercisable from 1 March 2014, and the risks identified are dilution of existing interests and an impact on share price formation upon conversion.