Completion of Offering and Increase in Registered Capital

Core Points - MEDIROM Healthcare Technologies Inc. completed its offering of 2,860,000 common shares, generating approximately $5 million in gross proceeds [1][2] - This offering is noted as the first follow-on registered underwritten public offering in the U.S. by a Japanese company listed solely on a U.S. stock exchange [2] - The proceeds from the offering will be used for working capital and general corporate purposes, including investments, acquisitions, and the development of new services [3] Company Overview - MEDIROM operates over 300 wellness salons in Japan, with its leading brand being Re.Ra.Ku®, and has expanded into health tech since 2015 [6] - The company has developed various healthcare programs and devices, including the "Lav®" training app and the "MOTHER Bracelet®" smart tracker [6] - In 2023, MEDIROM launched REMONY, a remote monitoring system for corporate clients, receiving orders from diverse industries such as nursing care and transportation [6] - The company aims to leverage its health-related products and services to collect and manage healthcare data, aspiring to become a leader in big data within the healthcare sector [6]