MEDIROM Healthcare Technologies Inc. (MRM) NASDAQ

1.13

+0.02(+1.80%)

Updated at June 02 02:58PM

Currency In USD

MEDIROM Healthcare Technologies Inc.

Address

Tradepia Odaiba

Tokyo, 135-0091

Japan

Phone

81 3 6721 7364

Sector

Consumer Cyclical

Industry

Personal Products & Services

Employees

334

First IPO Date

December 29, 2020

Key Executives

NameTitlePayYear Born
Kouji EguchiChief Executive Officer & Representative Director01974
Akira AokiExecutive Officer & Chief Medical Officer0N/A
Fumitoshi FujiwaraChief Financial Officer & Director01967

Description

MEDIROM Healthcare Technologies Inc. provides holistic healthcare services in Japan. It operates in two segments, Relaxation Salon and Digital Preventative Healthcare. The Relaxation Salon segment owns and franchises relaxation salons, which provide finger-pressure style bodywork therapy, stretch therapy, and posture and joint alignment, as well as physical therapy elements; and various individual services, including anti-fatigue therapy, athletic support therapy, slim-down therapy, and reflexology. As of December 31, 2021, this segment operated 312 relaxation salons under the Re.Ra.Ku and Ruam Ruam brand. The Digital Preventative Healthcare segment offers government-sponsored Specific Health Guidance program, utilizing Lav, its internally developed on-demand health monitoring smartphone application; MOTHER Tracker for fitness applications; and preventative healthcare services utilizing its digital application and devices. MEDIROM Healthcare Technologies Inc. also operates Re.Ra.Ku College that offers continuing training for franchise owners, home office staff, and salon staff covering topics, such as customer service, salon operations, and relaxation techniques located in the Odaiba area in Tokyo. The company was formerly known as MEDIROM Inc. and changed its name to MEDIROM Healthcare Technologies Inc. in March 2020. MEDIROM Healthcare Technologies Inc. was incorporated in 2000 and is headquartered in Tokyo, Japan.