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MEDIROM Healthcare Technologies Inc. Regains Compliance with NASDAQ Continued Listing Requirements
Globenewswire· 2025-06-05 18:02
Core Points - MEDIROM Healthcare Technologies Inc. has regained compliance with Nasdaq's minimum bid price requirement as of June 4, 2025 [1][3] - The company was previously notified on February 27, 2025, that it was not in compliance, needing to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive business days [2] - The closing bid price of the company's American Depositary Shares (ADSs) was $1.00 or greater for the required period from May 20, 2025, to June 3, 2025 [3] Company Overview - MEDIROM operates over 300 wellness salons in Japan, with its leading brand being Re.Ra.Ku® [4] - The company entered the health tech business in 2015 and launched an on-demand training app called "Lav®" [4] - In 2020, MEDIROM developed a smart tracker, the "MOTHER Bracelet®," and in 2023, it launched REMONY, a remote monitoring system for corporate clients across various industries [4] - MEDIROM aims to leverage its diverse portfolio to collect and manage healthcare data, positioning itself as a leader in healthcare big data in Japan [4]
Specific Health Guidance Service Utilizing the "Lav" Healthcare App: Surpassed 100 cumulative contracted companies and 10,000 cumulative supported individuals!
GlobeNewswire News Room· 2025-05-30 13:00
Core Insights - MEDIROM Healthcare Technologies Inc. has announced that its subsidiary, MEDIROM MOTHER Labs, has surpassed 100 cumulative contracted companies and 10,000 cumulative supported individuals using its health guidance service via the "Lav" app [2][5] - The "Lav" app, launched in 2019, provides continuous health support through information and communication technology, receiving high evaluations from health insurance associations and company employees [2][11] - The total weight loss achieved by all "Lav" users since the app's implementation has reached 15,421 kilograms, equivalent to approximately 2.2 African elephants or 10 cars [7] Company Overview - MEDIROM operates over 300 wellness salons across Japan, with its leading brand being Re.Ra.Ku, and has expanded into health tech since 2015 with the launch of the "Lav" app [17] - The company also entered the device business in 2020 with the development of the "MOTHER Bracelet" and launched a remote monitoring system called REMONY in 2023, catering to various industries [17] - MEDIROM aims to leverage its diverse health-related products and services to collect and manage healthcare data, positioning itself as a leader in big data within the healthcare industry [17] Specific Health Guidance Program - The Specific Health Guidance Program, implemented by Japan's Ministry of Health, Labor and Welfare, targets medical insurance subscribers aged 40-74 to prevent lifestyle-related diseases [10] - The program includes specific health checkups and guidance from public health nurses and registered dietitians, focusing on improving diet and exercise habits for those at risk of metabolic syndrome [10] - The "Lav" app enhances this program by allowing users to track their health status and receive personalized advice from professional coaches, making health promotion more accessible [11]