Dilution of equity value resulting from the exercise of stock acquisition rights
First written in FY2022. 2 of 4 entries say "Mitigated", first in FY2023. Latest entry: FY2025.
Business Coach moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 17 of 34 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Through this third-party allotment, the Company plans to issue 282,400 common shares to Nikkei Inc. as the allotment recipient, representing 19.99% of total issued shares after the allotment, and plans to issue 2,840 stock acquisition rights to the same allotment recipient.」
In addition to dilution from existing stock acquisition rights, it disclosed a 19.99% share issuance through a third-party allotment and potential dilution of 33.40% if all stock acquisition rights are exercised. - FY2024MitigatedAnnual report
「As of the date of filing this document, potential shares from stock acquisition rights totaled 31,100 shares, equivalent to 2.8% of the 1,104,900 issued shares.」
The number of potential shares remained unchanged at 31,100, but the dilution rate declined from 3.1% to 2.8% as total issued shares increased. - FY2023MitigatedAnnual report
「As of the date of filing this document, potential shares from stock acquisition rights totaled 31,100 shares, equivalent to 3.1% of the 1,014,900 issued shares.」
Potential shares decreased from the previously reported 32,000 shares, or 3.3%, to 31,100 shares, or 3.1%. - FY2022First statedAnnual report
「As of the date of filing this document, potential shares from stock acquisition rights totaled 32,000 shares, equivalent to 3.3% of the 968,000 issued shares. If these stock acquisition rights are exercised, new shares will be issued, potentially diluting shareholder value.」
It discloses 32,000 potential shares, equivalent to 3.3% of total issued shares, as potential dilution.