Company Overview - MEDIROM Healthcare Technologies Inc. is a health technology and holistic healthcare company based in Tokyo, Japan, led by CEO Kouji Eguchi [1] - The company operates over 300 wellness salons across Japan, with its leading brand being Re.Ra.Ku® [6] - MEDIROM entered the health tech business in 2015 and launched the MOTHER Bracelet® in 2020, followed by the REMONY remote monitoring system in 2023 [6] Product Offerings - The MOTHER Bracelet is the world's first 24/7 recharge-free smart tracker, utilizing temperature differences to generate electricity, thus preventing data loss during recharging [3][4] - REMONY is a remote health monitoring system that combines the MOTHER Bracelet with a dedicated gateway for real-time health data management [4] - The system is customizable for various industries, including elderly care and health monitoring for night shift workers [4] Partnership and Implementation - MEDIROM's subsidiary, MOTHER Labs, is providing the REMONY system and MOTHER Bracelet to the Electronics Division of TOPPAN Inc. as part of their employee health management initiatives [1][2] - TOPPAN aims to enhance employee health by creating a safe living environment and enabling early detection of health issues through the use of REMONY [2] Industry Context - Employee health management has evolved into a key priority for companies, shifting from individual responsibility to corporate responsibility [2] - The integration of health technology solutions like REMONY reflects a growing trend in corporate wellness programs [2]

Company Overview - MEDIROM Healthcare Technologies Inc. is a health technology and holistic healthcare company based in Tokyo, Japan, led by CEO Kouji Eguchi [1] - The company operates over 300 wellness salons across Japan, with its leading brand being Re.Ra.Ku® [6] - MEDIROM entered the health tech business in 2015 and launched the MOTHER Bracelet® in 2020, followed by the REMONY remote monitoring system in 2023 [6] Product Offerings - The MOTHER Bracelet is the world's first 24/7 recharge-free smart tracker, utilizing temperature differences to generate electricity, thus preventing data loss during recharging [3][4] - REMONY is a remote health monitoring system that combines the MOTHER Bracelet with a dedicated gateway for automatic data synchronization and real-time management [4] - The system is customizable for various industries, including elderly care and health monitoring for night shift workers, allowing for early detection of health emergencies [4] Partnership and Initiatives - MEDIROM's subsidiary, MOTHER Labs, is providing its health monitoring system and smart tracker to the Electronics Division of TOPPAN Inc. as part of TOPPAN's employee health management initiatives [1][2] - TOPPAN aims to create a safe living environment for employees, particularly those on solo assignments, by utilizing REMONY for early detection of health abnormalities [2]

Core Insights - MEDIROM Healthcare Technologies Inc. reported an increase in total customers served and sales per customer for November 2024, indicating positive business growth [2][3] - The company maintains a stable repeat customer ratio, reflecting customer loyalty [2][3] Salon Operation Business - Total customers served rose to 75,760 in November 2024 from 75,290 in November 2023, marking an increase of 0.62% [2][3] - Sales per customer increased to JPY 7,055 in November 2024 from JPY 7,045 in the same month last year, a slight increase of 0.14% [2][3] - The repeat customer ratio remained unchanged at 77.5% year-over-year [2][3] - The operation ratio improved to 44.6% in November 2024 from 43.9% in the previous year [2][3] Number of Salons - As of November 2024, the company operated 308 salons, a slight decrease from 311 in January 2024 [3][21] - The number of salons with available data was 283 in November 2024 [3] Health Tech Business (Lav®) - The company has entered into contracts with 95 corporate insurance associations, with a cumulative user base exceeding 8,515 individuals for its Lav® app as of November 2024 [16][21] - The health guidance program aims to assist individuals at risk of lifestyle-related diseases through remote support [8][15] Market Context - The Japanese government has set targets for specific medical checkup and health guidance implementation rates, which are currently below the desired levels, indicating potential market expansion opportunities for healthcare services [9]

Pre-Money Valuation of JPY9 Billion is Approximately Multiples of Current Parent Company Market Capitalization.Strategic Investors Further Validation of Technology and Growth Potential.Further Commercialization with Recent 25,000 Unit Order from B2B Sales Channel. TOKYO, Dec. 13, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (NASDAQ:MRM) announces that its subsidiary MEDIROM MOTHER Labs Inc. raised to date an aggregate total of 260.3 million yen (approximtaely USD $ [1.7] million calculated ...

Pre-Money Valuation of JPY9 Billion is Approximately Multiples of Current Parent Company Market Capitalization.Strategic Investors Further Validation of Technology and Growth Potential.Further Commercialization with Recent 25,000 Unit Order from B2B Sales Channel. TOKYO, Dec. 13, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) announces that its subsidiary MEDIROM MOTHER Labs Inc. raised to date an aggregate total of 260.3 million yen (approximtaely USD $ [1.7] million calculated ...

TOKYO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM), “MEDIROM”, a holistic healthcare company that operates over 300 wellness salons across Japan and provides healthcare services, today announced the closing of its public offering of 2,860,000 American Depositary Shares at a public offering price of $1.75 per share, for gross proceeds of approximately $5,000,000 before deducting underwriting discounts and offering expenses. In addition, MEDIROM has granted the underwr ...

TOKYO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) (the “Company” or “MEDIROM”) announces that two senior executives, Issei Homan, Chief Technology Officer of MEDIROM MOTHER Labs Inc. (“Mother Labs”), a subsidiary of MEDIROM, and Yasuhiro Hayami, Chief Business Officer of Mother Labs, invested in Mother Labs’ Series A financing at a pre-money valuation of of JPY9 billion (as of December 1, 2024, approximately USD $59,000,000). Messrs. Homan and Hayami are committed s ...

TOKYO, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) (“MEDIROM”) announces that M3, Inc. (TOKYO PRIME: 2413), or an affiliate within the M3 group, is participating in the Series A equity financing round of MEDIROM MOTHER Labs Inc., a subsidiary of MEDIROM. NFES Technologies Inc. is the lead investor of the Series A financing round at a pre-money valuation of JPY9 billion. Additional information is available here: https://medirom.co.jp/en/ir/20240824/6148%09 Forward-Loo ...

TOKYO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) ("Medirom" or the "Company") is pleased to announce that it is capitalizing on its extensive experience operating wellness clinics and healthcare technology to expand into the rehabilitation industry. In doing so, MEDIROM established a wholly-owned subsidiary, MEDIROM Rehab Solutions Inc., which acquired all of the rehabilitation centers of Y's, Inc. Prior to the acquisition by MEDIROM Rehab Solutions Inc., Y's, Inc. ...

TOKYO, Aug. 23, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (Headquarters: Minato-ku, Tokyo; CEO: Koji Eguchi; listed on Nasdaq, NASDAQ: MRM; hereinafter "MEDIROM") announces that its subsidiary MEDIROM MOTHER Labs Inc. (Headquarters: Minato-ku, Tokyo; CEO: Yoshio Uekusa; hereinafter "MOTHER Labs"), has formed a capital and business alliance with NFES Technologies Inc. (Headquarters: Matsue City, Shimane Prefecture; CEO: Keita Adachi; hereinafter "NFES Group"), a subsidiary of NFES Inc. (H ...