Dilution of Share Value Through Exercise of Stock Options
First written in FY2018. 19 of 22 entries say "Materialised", first in FY2019-Q3. Latest entry: 2026-08-06.
The whole theme swung hardest in 2017: 37 of 68 companies on the "Worse" side.
- 2026-08-06MaterialisedEarnings
「Treasury shares decreased by ¥147,704 thousand as a result of the disposal of treasury shares through the exercise of stock options.」
The disposal of treasury shares following the exercise of stock options also occurred during the first quarter. - FY2026MaterialisedAnnual report
「As of the filing date, the number of potential shares under stock options was 803,900, equivalent to 7.9% of the total 10,160,400 issued shares.」
During the fiscal year, 50,400 treasury shares were disposed of upon the exercise of share acquisition rights. As of the filing date, potential shares totaled 803,900, equivalent to 7.9% of total issued shares. - FY2026-H1MaterialisedAnnual report
「As a result of the disposal of treasury shares upon the exercise of stock options, treasury shares decreased by ¥67.344 million. As a result, treasury shares amounted to ¥519.988 million at the end of the interim consolidated accounting period.」
The disposal of treasury shares upon the exercise of stock options occurred during the interim consolidated accounting period, reducing treasury shares by ¥67.344 million. - FY2025MaterialisedAnnual report
「As of the filing date, the number of potential shares from stock options was 931,800, equivalent to 9.2% of the total 10,160,400 shares issued and outstanding.」
During the fiscal year, 68,800 treasury shares were disposed of through the exercise of share acquisition rights, while the 17th and 18th series of share acquisition rights were granted. As of the filing date, the number of potential shares was 931,800, equivalent to 9.2%. - FY2025-H1MaterialisedAnnual report
「At a meeting of the Board of Directors held on 25 October 2024, the company resolved, pursuant to Articles 236, 238 and 240 of the Companies Act, to issue the 17th series of share acquisition rights to its directors, and issued them on 11 November 2024. “Number of shares underlying the share acquisition rights: 129,700 shares” “Number of shares underlying the share acquisition rights: 74,800 shares”」
After the filing date, the 17th and 18th series of share acquisition rights were issued, adding potential shares underlying a total of 204,500 shares. The potential for equity-value dilution has newly become more concrete. - FY2024-Q2MaterialisedAnnual report
「During the cumulative second-quarter period under review, the company disposed of treasury shares through the exercise of stock options. As a result, treasury shares decreased by ¥54,486 thousand, leaving treasury shares of ¥82,747 thousand at the end of the second-quarter consolidated accounting period under review.」
The exercise of stock options and disposal of treasury shares continued to occur, and treasury shares decreased by ¥54,486 thousand. - FY2023WorsenedAnnual report
「As of the filing date, the number of potential shares from stock options was 940,400, equivalent to 9.3% of the total 10,160,400 shares issued and outstanding.」
The number of potential shares increased from the 511,000 shares disclosed previously to 940,400, continuing to quantify the risk of equity-value dilution. - FY2022MaterialisedAnnual report
「As of the filing date, the number of potential shares from stock options was 511,000, equivalent to 10.1% of the total 5,080,200 shares issued and outstanding. “Other (exercise of share acquisition rights): 54,000 shares”」
The number of potential shares from stock options was disclosed as 511,000, equivalent to 10.1% of total shares issued and outstanding, and the disposal of treasury shares through the exercise of rights for 54,000 shares also occurred during the fiscal year. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period under review, the company disposed of treasury shares through the exercise of stock options. As a result, treasury shares decreased by ¥47,671 thousand, leaving treasury shares of ¥23,430 thousand at the end of the third-quarter accounting period under review.」
The disposal of treasury shares through the exercise of stock options was reflected in the financial statements for the cumulative period, and treasury shares decreased by ¥47,671 thousand. - FY2022-Q2MaterialisedAnnual report
「During the cumulative second-quarter period under review, the company disposed of treasury shares through the exercise of stock options. As a result, treasury shares decreased by ¥47,736 thousand, leaving treasury shares of ¥23,365 thousand at the end of the second-quarter accounting period under review.」
The exercise of stock options and disposal of treasury shares actually occurred, and treasury shares decreased by ¥47,736 thousand. - FY2021-Q3MaterialisedAnnual report
「At a meeting of the Board of Directors held on 13 January 2021, the company resolved to issue the 15th and 16th series of share acquisition rights through a third-party allotment (collectively, the “Share Acquisition Rights”) and to introduce a fair-value issuance share acquisition rights trust, and granted them on 1 February 2021. “Number of shares underlying the share acquisition rights: 200,000 shares (100 shares per share acquisition right)” “15th series of share acquisition rights: 400 units” “16th series of share acquisition rights: 1,600 units”」
On 1 February 2021, after the filing date, share acquisition rights underlying 200,000 shares were granted, adding to the potential for dilution of equity value. - FY2021-Q2MaterialisedAnnual report
「1 July 2020–30 September 2020 (Note) 23,000 2,538,100 1,115 261,210 1,115 189,210 (Note) Increase resulting from the exercise of share acquisition rights.」
23,000 shares were added through the exercise of share acquisition rights during the second-quarter accounting period, bringing total shares issued and outstanding to 2,538,100. - FY2021-Q1MaterialisedAnnual report
「1 April 2020–30 June 2020 (Note) 2,000 2,515,100 170 260,095 170 188,095 (Note) Increase resulting from the exercise of share acquisition rights.」
2,000 shares were added through the exercise of share acquisition rights during the first-quarter accounting period, bringing total shares issued and outstanding to 2,515,100. - FY2020MaterialisedAnnual report
「As of the filing date, the number of potential shares from stock options was 157,000, equivalent to 6.2% of the total 2,515,100 shares issued and outstanding.」
The number of potential shares was 157,000, equivalent to 6.2% of total shares issued and outstanding. The potential for dilution through the exercise of share acquisition rights continued. - FY2020-Q3MaterialisedAnnual report
「1 October 2019–31 December 2019 (Note) 2,000 2,493,100 70 259,415 70 187,415 (Note) Increase resulting from the exercise of share acquisition rights.」
2,000 shares were added through the exercise of share acquisition rights during the third-quarter accounting period, bringing total shares issued and outstanding to 2,493,100. Events that could lead to dilution continued to occur. - FY2020-Q2MaterialisedAnnual report
「1 July 2019–30 September 2019 (Note) 73,000 2,491,100 2,005 259,345 2,005 187,345 (Note) Increase resulting from the exercise of share acquisition rights.」
73,000 shares were added through the exercise of share acquisition rights during the second-quarter accounting period, bringing total shares issued and outstanding to 2,491,100. Events that could lead to dilution continued to occur. - FY2020-Q1MaterialisedAnnual report
「Date of resolution 13 May 2019 Number of share acquisition rights (units) * 264 Class, terms and number of shares underlying the share acquisition rights (shares) * Common shares 26,400」
264 share acquisition rights approved on 13 May 2019, underlying 26,400 shares, were issued, expanding the potential equity-value dilution exposure. - FY2019MaterialisedAnnual report
「2 May 2018–31 March 2019 (Note) 6 32,000 2,418,100 865 257,340 865 185,340 (Note) 6. Resulting from the exercise of share acquisition rights during the 13th fiscal year.」
32,000 shares were added through the exercise of share acquisition rights during the fiscal year, resulting in an event that could lead to dilution. The filing states that, as of the filing date, the number of potential shares was 270,400, equivalent to 11.2% of the total shares issued and outstanding. - FY2019-Q3MaterialisedAnnual report
「1 October 2018–31 December 2018 (Note) 17,000 2,418,100 445 257,340 445 185,340 (Note) Increase resulting from the exercise of share acquisition rights.」
17,000 shares were added through the exercise of share acquisition rights during the third-quarter accounting period, an event that could lead to dilution of equity value. - FY2018First statedAnnual report
「As of the filing date, the number of potential shares from stock options was 294,000, equivalent to 12.3% of the total 2,386,100 shares issued and outstanding.」
It states that the exercise of share acquisition rights may dilute per-share value and voting rights.