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MEDIROM MOTHER Labs Inc. Receives Capital Investment from Internal Investors
Globenewswire· 2025-10-30 21:00
Core Viewpoint - MEDIROM MOTHER Labs has completed a private placement of new shares valued at ¥9 billion as part of its Series A funding round, involving key management members as investors to enhance business responsibility and growth motivation [1][2]. Group 1: Company Overview - MEDIROM MOTHER Labs is a subsidiary of MEDIROM Healthcare Technologies Inc., focusing on health tech, specifically through the "Lav" healthcare app and the "MOTHER Bracelet" wearable device [5]. - The company aims to provide customizable health management solutions across various sectors, including caregiving, logistics, and manufacturing [5]. Group 2: Business Strategy - The completion of the capital increase will strengthen MEDIROM MOTHER Labs' capital base, enabling accelerated development of upgraded versions of the "MOTHER Bracelet" and the establishment of systems for launching new products [3]. - The management team becoming investors is intended to enhance swift decision-making and a field-driven management structure, thereby increasing business responsibility [2]. Group 3: Future Outlook - MEDIROM MOTHER Labs plans to deliver new value in the healthcare and wellness field, driving sustainable growth both domestically and internationally [3].
MEDIROM to Launch New Treasury Strategy Utilizing Cryptocurrency
Globenewswire· 2025-10-29 14:11
Core Insights - The company has launched a new treasury strategy that involves holding Worldcoin (WLD) as a reserve asset to diversify business activities and mitigate financial risks [1][10] - The company aims to incentivize large-scale vital data collection through the distribution of WLD to users of its MOTHER Bracelet, targeting specific medical conditions [2][10] - The board has approved this strategy and will conduct risk analysis at each meeting before implementation [3] Treasury Strategy Objectives - The strategy focuses on exploring new business growth opportunities by leveraging digital assets [10] - It aims to utilize WLD as an incentive for collecting vital data from a larger patient population [10] - The company plans to hedge risks through diversification of its held assets, including holding Ethereum (ETH) as a secondary asset [10] Asset Management and Transparency - The company will promote asset management utilizing crypto assets while ensuring transparency in its treasury strategy [4] - Information regarding the status of held assets, investment policies, and risks will be disclosed in a timely manner [4]
Series A Round Valuation: ¥9 Billion: MEDIROM MOTHER Labs Inc. Decides to Make an Investment from Internal Investors
Globenewswire· 2025-10-09 12:00
Core Viewpoint - MEDIROM MOTHER Labs Inc. has approved a private placement of new shares to its management team as part of its Series A financing round, valuing the company at JPY 9 billion, with funding expected by the end of October [1] Group 1: Company Background - MOTHER Labs operates as the health tech division within the MEDIROM Group, focusing on health guidance programs through the "Lav" healthcare app and the development of wearable devices [2][10] - The decision to conduct a capital increase aims to enhance rapid decision-making and management structure, with the management team investing to boost business responsibility and growth motivation [2] Group 2: Future Outlook - The capital increase will strengthen MOTHER Labs' capital base, facilitating the development of an upgraded version of the MOTHER Bracelet and establishing systems for product market entry [3] - The MEDIROM Group aims to create new value in the healthcare and wellness sector, driving business growth both domestically and internationally [3]
Japan Ground Self-Defense Force Adopts MEDIROM MOTHER Labs’ REMONY for Advanced Health Monitoring and Heatstroke Safety
Globenewswire· 2025-09-18 21:00
Core Viewpoint - MEDIROM Healthcare Technologies Inc. has announced the deployment of its remote health monitoring system "REMONY," utilizing the recharge-free smart tracker MOTHER Bracelet, to the Japan Ground Self-Defense Force (JGSDF) [2] Background of the Deployment - The need for effective health management and heatstroke prevention for personnel in extreme conditions has increased significantly [3] - Traditional wearable devices have limitations in remote areas with scarce power supply, making continuous health data collection challenging [4] Technology and Features - The MOTHER Bracelet employs thermoelectric generation technology, allowing uninterrupted operation without battery concerns, which was crucial for its adoption [5] - The device enables real-time health monitoring, helping to proactively identify risks such as heatstroke during extended missions [5] - The MOTHER Bracelet is the world's first 24/7 recharge-free smart tracker, utilizing temperature differences for power generation, thus preventing data loss during recharging [8] - It records five key metrics: heart rate, calories burned, body surface temperature, step count, and sleep [8] REMONY System Overview - REMONY combines the MOTHER Bracelet with a dedicated gateway for automatic data synchronization and centralized real-time management [11] - The system allows for continuous health monitoring without the need to remove the device for recharging, facilitating prompt detection of health emergencies [11] - It is customizable for various industries, including elderly care and health monitoring for night shift workers [11] Company Background - MEDIROM MOTHER Labs Inc., a subsidiary of MEDIROM Healthcare Technologies, focuses on health-tech solutions, including the development and sales of the MOTHER Bracelet [14]
Medirom’s “REMONY” Certified by MLIT as a Fatigue-Driving Prevention Device
Globenewswire· 2025-08-28 21:00
Core Viewpoint - MEDIROM Healthcare Technologies Inc. has announced that its "REMONY for Driver" remote health management system has been certified by Japan's Ministry of Land, Infrastructure, Transport and Tourism as a device for preventing fatigue-related driving [2][4]. Group 1: Product Overview - "REMONY for Driver" utilizes the MOTHER Bracelet, a 24/7 wearable device that monitors drivers' health and alertness, featuring a proprietary sleep assessment function [3][11]. - The MOTHER Bracelet is the world's first recharge-free smart tracker, generating power from temperature differences, thus eliminating data loss during recharging [11][14]. - The system allows for real-time health monitoring and trend analysis, which can help prevent health-related accidents [3][14]. Group 2: Subsidy Program - The "REMONY for Driver" system is eligible for a subsidy covering 50% of the equipment acquisition cost, with a general cap of 800,000 yen per business operator [4][5]. - The Ministry of Land, Infrastructure, Transport and Tourism allocated approximately 1.3 billion yen in subsidies in the previous fiscal year, with a similar budget expected for the current fiscal year [4]. Group 3: Future Outlook - The company aims to enhance system functionality and promote safe driving practices, focusing on preventing fatigue-related driving in the transportation industry [8]. - Future initiatives include conducting safety check-in operations based on health data and improving driver health and workplace environments [7][8].
MEDIROM launches cryptocurrency strategy with next-generation proof of human technology, "World"
Globenewswire· 2025-08-22 20:45
Core Points - MEDIROM Healthcare Technologies Inc. is participating in the "World" project, aimed at creating a digital infrastructure for "proof of humanness" in the AI era [2][3] - The company plans to install the World ID authentication device, "Orb," in approximately 100 Re.Ra.Ku relaxation salons, targeting access for up to 500,000 individuals [3][4] - Customers verifying their World ID can claim around 8,000 Japanese yen in Worldcoin tokens (WLD), which can be used to purchase gift certificates for Re.Ra.Ku salons [4] - Upon launching the program, the company intends to acquire WLD when customers purchase Re.Ra.Ku Tickets, with plans to exchange up to 50% of acquired WLD for Ethereum (ETH) [5] - The company aims to integrate next-generation digital infrastructure to create new value and achieve sustainable growth beyond traditional healthcare [6] Company Overview - MEDIROM operates over 300 relaxation salons in Japan under the "Re.Ra.Ku" brand, along with five other brands offering various health and wellness services [9] - The company provides health guidance and physical improvement programs through its healthcare app "Lav" and has expanded into device business with the "MOTHER Bracelet" [11] - Established in July 2000, MEDIROM is headquartered in Minato-ku, Tokyo, and is listed on NASDAQ under the ticker MRM [12]
MEDIROM Healthcare Technologies Inc. Announces 22% Rise in Revenue and 20% Improvement in Earnings for 2024; Webcast to Discuss Financial Results to be held on May 21st, 2025 at 8:30 AM ET
Globenewswire· 2025-05-20 12:56
Core Insights - MEDIROM Healthcare Technologies Inc. reported total revenue of $52,736,000 for the year ended December 31, 2024, representing a 22% increase from $43,388,000 in 2023 [1] - The net income for 2024 was $878,000, or $0.17 per basic share, a 20% improvement compared to $731,000, or $0.15 per basic share, in 2023 [1] Revenue Growth - The revenue growth in 2024 was primarily driven by a 23% increase in the Relaxation Salon Segment revenue, which reached $47,317,000 compared to $38,507,000 in 2023 [2] Cost Management - The increase in net income was attributed to a rise in total revenue, a decrease in the cost of revenues as a percentage of total revenues to 72.9% in 2024 from 77.0% in 2023, and a reduction in selling, general, and administrative expenses as a percentage of total revenues to 27.0% in 2024 from 28.7% in 2023 [3] Financial Position - As of December 31, 2024, MEDIROM had cash and cash equivalents of $2,093,000, up from $676,000 as of December 31, 2023 [4] - The total indebtedness increased to $11,925,000 in 2024 from $9,857,000 in 2023 [4] Cash Flow Analysis - Net cash used in operating activities was $8,462,000 in 2024, compared to $4,014,000 in 2023 [5] - Net cash provided in investing activities was $2,296,000 in 2024, while there was net cash used of $2,088,000 in 2023 [5] - Net cash provided by financing activities was $7,583,000 in 2024, an increase from $2,931,000 in 2023 [5] Strategic Developments - In 2025, MEDIROM announced the launch of its remote health monitoring system, REMONY, and the MOTHER Bracelet, targeting corporate clients [6] - The company aims to capture a significant share of the Japanese relaxation salon market and expand its Digital Preventative Healthcare business lines [6]
MEDIROM Mother Labs Executive Makes Additional Investment in Mother Labs' Series A Financing at a Pre-Money Valuation of JPY9 Billion (as of March 13, 2025, Approximately US$60 Million)
Newsfilter· 2025-03-13 21:00
Core Insights - MEDIROM Healthcare Technologies Inc. announced a second investment by Yasuhiro Hayami, Chief Business Officer of MEDIROM Mother Labs Inc., in the Series A financing at a pre-money valuation of JPY9 billion (approximately US$60 million) [1] - This investment follows Mr. Hayami's initial investment in December 2024, indicating his commitment to the company's growth potential and alignment with MEDIROM's corporate philosophy [1] Company Overview - MEDIROM Mother Labs Inc. is a subsidiary of MEDIROM Healthcare Technologies Inc., focusing on the health-tech sector [6] - The company offers the "Specific Health Guidance Program" through the "Lav" health application and has developed the 24/7 recharge-free MOTHER Bracelet, which is a smart tracker [6][8] - The MOTHER Bracelet utilizes innovative technology to generate power based on temperature differences, allowing it to operate without recharging and recording key health metrics [8][9] Executive Background - Yasuhiro Hayami has a diverse career, including roles as Executive Officer at transcosmos inc. and founder of Wise, Inc., before becoming the Chief Business Officer of MEDIROM Mother Labs in 2024 [2][6]