Medirom Healthcare Technologies Inc. (MRM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 29, 2025

Risk Assessment Details

Potential Dilution: 15.13% of current shares
Recent Dilution: 61.16% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
7.9M
Potential Supply
1.2M
Additional shares possible
Splits
None
Past 2 years

Summary

MRM currently has 7.9M outstanding shares. with limited dilution risk as only 1.2M additional shares (15.1%) are authorized for issuance. The company has significantly diluted shareholders by 61.16% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 29, 2025

20-F filing | 7.9M shares outstanding

7.9M 1.2M
Aug 23, 2024

F-1 filing: F-1 filing for common shares issuable upon the exercise of stock options outstanding as of June 30, 2024 and common shares represented by ADSs issuable upon the exercise of the representative's warrants.

4.9M 1.2M
Jun 18, 2024

20-F filing | 4.9M shares outstanding

4.9M 0
May 30, 2023

20-F filing | 4.9M shares outstanding

4.9M 0
Jan 11, 2023

RW filing: The company has decided not to proceed with the proposed public offering and confirms that no securities were sold.

4.9M 0
Nov 14, 2022

20-F filing | 4.9M shares outstanding

4.9M 780K
Feb 16, 2022

F-1 filing: This F-1 filing is for an offering of ADSs representing common shares, with an option for underwriters to purchase additional ADSs, with the net proceeds intended for working capital and general corporate purposes.

4.9M 780K
May 17, 2021

20-F filing | 4.8M shares outstanding

4.8M 0
Nov 20, 2020

F-1 filing: This F-1 filing from MEDIROM Healthcare Technologies Inc. details a proposed initial public offering (IPO) of American Depositary Shares (ADSs) on the NASDAQ Capital Market under the symbol 'MRM'.

N/A 0
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