Source disclosure: February 04, 2026

Happiness and D Co., Ltd. [3174.T]

TOKYO, Feb 04 (Pulse News Wire) – Happiness And D CO.,LTD. (3174.T) reported the massive exercise of its 13th tranche of warrant shares (with adjusted exercise price clause) during the period from February 2 to February 4, 2026.

According to the report, 2,000 warrants were exercised, representing a total of 2,000 shares delivered since the beginning of the month. Prior to the exercise, there were 2,000 unexercised warrants outstanding. As of the end of January, the number of unexercised warrants was also 2,000.

Following the exercise, no warrants remain unexercised. The exercise price per share was ¥541.8. On February 4 alone, 2,000 warrants were exercised, marking the completion of the entire exercise period.

For more detailed information on the issuance of these warrants, refer to the announcement made on November 4, 2025, titled “Third-party Allocation Issuance of the 13th Tranche of Warrants (With Adjusted Exercise Price Clause) and First Unsecured Ordinary Corporate Bonds, and Conclusion of Warrant Repurchase Agreement (Commit Issue 2025 Model).”.

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