Dilution of per-share value from the exercise of stock options
First written in FY2023. 1 of 5 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- FY2026-H1MaterialisedAnnual report
「12 May 2026 (Note 2) 30,815 38,204,793 4,699 34,699 5,444 15,663 (Note) 2. Increase due to the issuance of new shares as restricted stock compensation.」
The company issued 30,815 new shares as restricted stock compensation, meaning the previously disclosed potential dilution from share-based compensation materialized as an actual share issuance. - FY2025ReframedAnnual report
「We have adopted a stock-option program using share acquisition rights as an incentive for directors and employees. As of the date of submission of this document, the number of potential shares from share acquisition rights was 1,573,400, equivalent to 6.3% of the 25,073,094 issued shares. If new shares are issued under the restricted stock compensation program, the value of shares held by existing shareholders and their voting rights may be diluted.」
The risk of dilution from stock options was supplemented by the potential dilution from restricted stock compensation. Potential stock-option shares and the corresponding ratio declined from 1,840,000 shares and 7.4% to 1,573,400 shares and 6.3%. - FY2025-H1DroppedAnnual report
「① [Terms of the stock-option program] Not applicable. ② [Status of other share acquisition rights] Not applicable.」
The interim report states that no stock options or other share acquisition rights are applicable and does not present diluted earnings per share because there are no potential shares. - FY2024RestatedAnnual report
「As of the date of submission of this document, the number of potential shares from share acquisition rights was 1,840,000, equivalent to 7.4% of the 25,000,000 issued shares.」
The company continues to disclose potential dilution of 1,840,000 shares, or 7.4% of issued shares. - FY2023First statedAnnual report
「As of the date of submission of this document, the number of potential shares from share acquisition rights was 1,840,000, equivalent to 7.4% of the 25,000,000 issued shares.」
The company discloses 1,840,000 potential shares from stock options, equivalent to 7.4% of issued shares, and the possibility of dilution upon exercise.