Dilution from paid stock options
First written in FY2023-Q2. 3 of 6 entries say "Worsened", first in FY2024. Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- FY2026-H1WorsenedAnnual report
「Number of stock acquisition rights: 3,360,000 Class, terms and number of shares underlying the stock acquisition rights Common shares: 336,000,000」
The Company disclosed that 336,000,000 common shares could potentially be issued under the Tenth Series of Stock Acquisition Rights, increasing the potential for dilution from potential shares. - FY2025MitigatedAnnual report
「Ninth Series of Stock Acquisition Rights Common shares: 3,364,400 Decrease due to waiver: 3,364,400」
All 3,364,400 potential shares associated with the Ninth Series of Stock Acquisition Rights lapsed following their waiver. Meanwhile, 2,500,000 potential shares under the Eighth Series of Stock Acquisition Rights remain outstanding. - FY2025-H1WorsenedAnnual report
「Number of stock acquisition rights: 33,644 … Class, terms and number of shares underlying the stock acquisition rights: Common shares: 3,364,400」
The issuance of the Ninth Series of Stock Acquisition Rights newly disclosed 3,364,400 potential shares, increasing the potential for future dilution of share value. - FY2024WorsenedAnnual report
「The exercise of these stock acquisition rights would increase the number of issued common shares of the Company, diluting the value of the shares and potentially affecting the market price of the common shares.」
In addition to the Sixth and Seventh Series of Stock Acquisition Rights, the issuance of the Eighth and Ninth Series was also disclosed, expanding the risk of dilution from the issuance of potential shares. - FY2023SoftenedAnnual report
「Fifth Series of Stock Acquisition Rights (issued 1 May 2023) Common shares: 19,390,000」
The number of potential shares under the paid stock options decreased from 19,480,000 at issuance to 19,390,000 after 90,000 shares lapsed. The potential for dilution remains. - FY2023-Q2First statedAnnual report
「Potential shares from the issuance: 19,480,000 These stock acquisition rights may be exercised only if a predetermined market capitalization is achieved, and we believe that they are unlikely to have an excessive impact on the market. For these reasons, taking into account the contribution to the interests of the Company's existing shareholders, we have determined that the scale of the dilution is within a reasonable range.」
Paid stock options will result in 19,480,000 potential shares. The Company believes that the market capitalization condition makes an excessive market impact unlikely and has determined that the scale of the dilution is within a reasonable range, taking into account the contribution to existing shareholders.