MEDIROM Healthcare Technologies Inc., Announces the Timing of its Release of 2021 Interim Earnings

Rhea-AI Summary

MEDIROM Healthcare Technologies Inc. (Nasdaq CM: MRM) announced plans to release its interim financial results for the six months ending June 30, 2021, by the end of October 2021. As a foreign private issuer, MRM is not obligated to file quarterly reports but has been sharing monthly Key Performance Indicators (KPIs) since March 2021 to inform stakeholders about its business progress. The company operates 314 relaxation salons in Japan under the Re.Ra.Ku™ brand and has expanded into health tech and device sectors with initiatives like the MOTHER Tracker™.

Positive

• Intention to disclose interim financial results, enhancing transparency.
• Monthly KPI updates provide ongoing business insights.
• Expansion into health tech and device industries shows growth potential.
• 314 relaxation salons indicate a substantial operational footprint.

Negative

• None.

NEW YORK, Aug. 19, 2021 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (Nasdaq CM: MRM), a Japanese based holistic healthcare Company (the “Company”), today announced its intention to release interim financial results for the six months ended June 30, 2021 (the “2021 Interim Results”) at or around the end of October 2021.

As a foreign private issuer, the Company is not required under U.S. federal securities laws to file quarterly reports (including quarterly financial information) on Form 10-Q and has no similar obligation under applicable Japanese law. Accordingly, in order to provide insight into the business fundamentals and progress of the Company, the Company has been disclosing monthly Key Performance Indicators, or KPIs, since March 2021 on the investor relations page of its website at https://medirom.co.jp/en/ir, copies of which have been filed with the SEC on Form 6-K.

The Company is planning to release the 2021 Interim Results at the end of October 2021, and intends to continue to disclose monthly KPIs to show its business progress.

<About MEDIROM Healthcare Technologies Inc.>

MEDIROM operates 314 (as of July 31, 2021) relaxation salons across Japan, Re.Ra.Ku™, being its leading brand, and provides healthcare services. In 2015, MEDIROM entered the health tech business, and launched new healthcare programs using on-demand training app called "Lav™", which is developed by the company. MEDIROM also entered the device business in 2020 and is developing a smart tracker "MOTHER Tracker™". MEDIROM plans to expand the scope of its business to include data analysis utilizing the data it has collected since formation of the company.

URL https://medirom.co.jp/en

Contacts
Investor Relations Team
ir@medirom.co.jp

FAQ

When will MEDIROM Healthcare Technologies release its 2021 Interim Results?

MEDIROM Healthcare Technologies plans to release its 2021 Interim Results by the end of October 2021.

What is the significance of the Key Performance Indicators (KPIs) released by MEDIROM?

The monthly KPIs provide insights into the company's business fundamentals and progress, compensating for the absence of quarterly reports.

What is the current number of relaxation salons operated by MEDIROM?

As of July 31, 2021, MEDIROM operates 314 relaxation salons across Japan.

What new business initiatives has MEDIROM undertaken?

MEDIROM has expanded into health tech with the Lav™ app and is developing a health device called the MOTHER Tracker™.