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MEDIROM Healthcare Technologies Inc. American Depositary Share - MRM STOCK NEWS

Welcome to our dedicated page for MEDIROM Healthcare Technologies American Depositary Share news (Ticker: MRM), a resource for investors and traders seeking the latest updates and insights on MEDIROM Healthcare Technologies American Depositary Share stock.

MEDIROM Healthcare Technologies Inc. is a leading provider of health services, specializing in the operation and franchising of healthcare salons. The company operates in three primary segments: Relaxation Salon, Digital Preventative Healthcare, and Luxury Beauty. A significant majority of its revenue is generated from the Relaxation Salon business, which is highly popular in Japan.

MEDIROM Healthcare Technologies Inc. has served a total of 77,854 customers, with each customer bringing in an average sales revenue of JPY 7,190. The company boasts a strong customer repeat ratio of 77.9%, underscoring its commitment to quality service and customer satisfaction.

The company is also making strides in corporate development and expansion. Recently, MEDIROM announced the proposed non-binding terms and conditions in a Memorandum of Understanding (MOU) for an acquisition and a definitive agreement. This move aligns with the company's strategy for timely entry and closing of the agreement.

On the financial front, MEDIROM maintains a solid footing, bolstered by its strong customer base and high repeat ratio. The company is eyeing further growth and expansion opportunities, both within Japan and internationally.

In a significant corporate milestone, MEDIROM became the first Japanese company in 21 years to list on Nasdaq in December 2020. This move aims to increase global investor awareness and participation. To further this goal, MEDIROM will participate in the 'NASDAQ JAPAN IR EVENT' on June 20. The event will feature presentations and an after-party to engage with investors and media.

MEDIROM Healthcare Technologies Inc. continues to innovate and expand, driven by a dedication to enhancing healthcare services and maintaining a competitive edge in the market.

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MEDIROM Healthcare Technologies Inc. (Nasdaq CM:MRM) announced its May 2021 Key Performance Indicators (KPIs) reflecting significant growth as the number of salons increased to 313 from 289 a year prior. Total customers served rose sharply to 66,604 compared to 19,451 in May 2020, marking a recovery from COVID-19 impacts. Sales per customer grew slightly to JPY 6,370, and the operation ratio improved to 48.7%. However, the repeat customer ratio decreased to 80.6% from 84.5% as the prior year had a smaller new customer base.

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MEDIROM (NasdaqCM: MRM) has signed a Master Manufacturing Agreement with Sanei Electronics for the production of its MOTHER Tracker®, a pioneering smart bracelet that harnesses thermoelectric energy from the wearer's body heat, eliminating the need for separate charging. This partnership aims to enhance operational efficiency and product quality with Canon Electronics as a subcontractor. Despite initial plans for overseas production, the COVID-19 pandemic prompted a shift to local manufacturing in Japan. The MOTHER Tracker® features continuous monitoring of health metrics and aims to facilitate data integration with healthcare providers.

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MEDIROM Healthcare Technologies Inc. (MRM) reported FY 2020 financial results with total revenue decreasing by 14.5% to $32.4 million, primarily due to COVID-19 lockdowns. The net loss stood at $5 million, with Adjusted EBITDA at -16.3%. SG&A expenses increased 22.6%impairment loss by 139.1%$13.8 million, aided by proceeds from the IPO.

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MEDIROM Healthcare Technologies Inc. (Nasdaq CM:MRM) reported significant growth in its April 2021 Key Performance Indicators. The number of salons increased to 301 from 290 a year ago. Total customers served surged by 376% to 63,682 compared to 13,381 in April 2020, reflecting recovery from COVID-19. Sales per customer slightly decreased to JPY 6,250, influenced by promotional pricing for new salons. The repeat customer ratio dropped to 81.4%, while the operation ratio improved to 46.3%, up from 19.7% in the previous year.

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MEDIROM Healthcare Technologies Inc. (NasdaqCM: MRM) announced its financial results for the year ended December 31, 2020, during a conference call held on May 17, 2021. The company operates 303 relaxation salons in Japan under the Re.Ra.Ku brand. In 2015, MEDIROM diversified into health-tech, launching the Lav app, and in 2020, it developed the MOTHER Tracker. The company aims to leverage data analysis from its extensive data collection since inception to enhance its healthcare services.

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MEDIROM Healthcare Technologies Inc. (MRM) announced the acquisition of 100% ownership of SAWAN CO. LTD., operator of the luxury relaxation brand Ruam Ruam, from BOX GROUP. This acquisition, closing on May 6, 2021, will add ten salons to MEDIROM's existing network. Founder Kouji Eguchi stated that this move aligns with their strategy to enhance brand presence in Japan. The purchase will be financed using cash on hand and short-term liabilities, with no equity issued to the seller.

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MEDIROM Healthcare Technologies (NasdaqCM: MRM) has filed a Form 12b-25 with the SEC to secure a 15-day extension for submitting its Annual Report on Form 20-F for the fiscal year ended December 31, 2020. The company cited challenges in compiling necessary information and completing its consolidated financial statements, necessitating additional time for preparation and review. MEDIROM operates 303 relaxation salons in Japan under the Re.Ra.Ku® brand and has expanded into health-tech and device businesses, including the MOTHER Tracker® smart tracker.

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MEDIROM Healthcare Technologies Inc. (Nasdaq CM: MRM) reported its major Key Performance Indicators (KPIs) for March 2021, revealing significant business growth as it recovers from COVID-19 impacts. The number of salons increased to 303 from 288 a year earlier, with total customers served rising 19% to 62,441. Sales per customer slightly increased to JPY 6,352. However, the repeat customer ratio fell to 81.9% from 85.0%. The operation ratio improved to 47.0%, up from 38.9% year-over-year, reflecting a recovery in business operations.

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MEDIROM Healthcare Technologies Inc. (Nasdaq CM: MRM) announced a partnership with ZACC Kabushiki-Kaisha to launch jointly operated hair and beauty salons in Japan and abroad. This collaboration aims to leverage MEDIROM's franchising expertise and human resource management programs to improve customer satisfaction and store profitability. ZACC, established in 1988, is well-regarded in the beauty sector with over 30 years of experience. The initiative is expected to expand both companies' market presence while enhancing operational efficiency.

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MEDIROM Healthcare Technologies Inc. (Nasdaq: MRM) reported its February 2021 Key Performance Indicators. The company had 302 salons, a rise from 286 in February 2020. Total customers served decreased to 56,370, down 8% from the previous year, attributed to COVID-19 related shutdowns. Sales per customer increased by 3% to JPY 6,443. The repeat customer ratio fell slightly to 83.0%, while the operation ratio improved to 47.64% from 45.50% year-over-year. Despite challenges, the company continues to expand its health-tech initiatives and aims to commercialize new products by late 2021.

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FAQ

What is the current stock price of MEDIROM Healthcare Technologies American Depositary Share (MRM)?

The current stock price of MEDIROM Healthcare Technologies American Depositary Share (MRM) is $1.185 as of December 23, 2024.

What is the market cap of MEDIROM Healthcare Technologies American Depositary Share (MRM)?

The market cap of MEDIROM Healthcare Technologies American Depositary Share (MRM) is approximately 9.0M.

What does MEDIROM Healthcare Technologies Inc. do?

MEDIROM Healthcare Technologies Inc. provides health services and operates healthcare salons in segments including Relaxation Salon, Digital Preventative Healthcare, and Luxury Beauty.

Where does MEDIROM generate most of its revenue?

MEDIROM generates the majority of its revenue from Japan, primarily through its Relaxation Salon business segment.

How many customers has MEDIROM served?

MEDIROM has served a total of 77,854 customers.

What is the average sales revenue per customer for MEDIROM?

The average sales revenue per customer is JPY 7,190.

What is MEDIROM's customer repeat ratio?

MEDIROM has a customer repeat ratio of 77.9%.

Has MEDIROM engaged in any recent acquisitions?

Yes, MEDIROM recently set forth proposed non-binding terms and conditions in a Memorandum of Understanding (MOU) for an acquisition and is working towards a definitive agreement.

When did MEDIROM list on Nasdaq?

MEDIROM listed on Nasdaq in December 2020, becoming the first Japanese company in 21 years to do so.

What is the 'NASDAQ JAPAN IR EVENT'?

The 'NASDAQ JAPAN IR EVENT' is an event aimed at spreading knowledge about the attractiveness of Japanese companies to global investors, featuring presentations and networking opportunities.

When and where is the 'NASDAQ JAPAN IR EVENT' being held?

The event is scheduled for June 20 at the Nasdaq Market Site in New York, NY.

How can I register for the 'NASDAQ JAPAN IR EVENT'?

You can register for the event by visiting https://irevent.medirom.co.jp/ and completing the pre-registration process.

MEDIROM Healthcare Technologies Inc. American Depositary Share

Nasdaq:MRM

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9.01M
5.86M
40.37%
0%
0.83%
Personal Services
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