Dilution of shareholder value from the exercise of stock acquisition rights
First written in FY2023. 5 of 11 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「Increase from the exercise of stock acquisition rights and stock options 58,176 shares」
During the fiscal year, the number of shares increased by 58,176 through the exercise of stock acquisition rights and stock options, and dilution has continued. - FY2026-H1MaterialisedAnnual report
「This represents an increase due to the exercise of share acquisition rights (stock options).」
A total of 53,176 shares increased through the exercise of stock options during the interim consolidated accounting period, continuing share issuance that contributes to dilution. - FY2025MaterialisedAnnual report
「Increase due to exercise of share acquisition rights and stock options: 690,916 shares」
The fiscal year saw an increase of 690,916 shares through the exercise of share acquisition rights and stock options, turning dilution risk into actual share issuance. - FY2025-H1MaterialisedAnnual report
「During the interim accounting period, share acquisition rights related to convertible bonds with share acquisition rights subject to adjustment clauses for the exercise price were exercised as follows.」
During the interim period, 1,573 rights, including the ninth and tenth series, were exercised, 157,300 shares were delivered and ¥194 million was raised. - FY2024RestatedAnnual report
「If these share acquisition rights are exercised, the share value of the Group will be diluted and the share price may be affected.」
The Group continues to disclose dilution risk from the exercise of share acquisition rights. - FY2023First statedAnnual report
「As of the filing date, the Company had 3,000,000 issued shares, while the total number of shares underlying share acquisition rights was 325,700.」
The Company discloses that exercise of share acquisition rights may dilute share value and affect the share price.