MEDIROM Healthcare Technologies Has Received Orders for Over 25,000 MOTHER Bracelet Units
December 09 2024 - 6:30AM
MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) (“MEDIROM”)
announces that its subsidiary MEDIROM MOTHER Labs Inc. has
received orders for over 25,000 MOTHER Bracelet units,
including orders from Japanese companies such as NFES Technologies
Inc.
“Our long-term mission is for the Mother Bracelet
to be revolutionary in the Healthcare Technology and Wellness
industries. The 25,000 unit MOTHER Bracelet orders surpasses the
amount we’ve received and fulfilled to date and shows the continued
momentum of our market penetration. Furthermore, we believe such
orders received from not only NFES Technologies but also two other
major companies listed on the Tokyo Stock Exchange further
validates the commercialization of our technology,” said Kouji
Eguchi, CEO, MEDIROM.
About MEDIROM Healthcare Technologies Inc.MEDIROM, a holistic
healthcare company, operates over 300 wellness salons across Japan,
Re.Ra.Ku® being its leading brand, and provides healthcare
services. In 2015, MEDIROM entered the health tech business and
launched new healthcare programs using an on-demand training app
called “Lav®”, which is developed by MEDIROM. MEDIROM also entered
the device business in 2020 and has developed a smart tracker
“MOTHER Bracelet®”. In 2023, MEDIROM launched REMONY, a remote
monitoring system for corporate clients, and has received orders
from a broad range of industries, including nursing care,
transportation, construction, and manufacturing, among others.
MEDIROM hopes that its diverse health-related product and service
offerings will help it collect and manage healthcare data from
users and customers and enable it to become a leader in big data in
the healthcare industry. For more information, visit
https://medirom.co.jp/en.Contact:Investor Relations
TeamE-mail:ir@medirom.co.jp
Free Writing Prospectus Statement
This free writing prospectus relates to the public offering of
American Depositary Shares representing common shares of MEDIROM
Healthcare Technologies Inc. (the “Company”) and should be read
together with the preliminary prospectus dated December 4, 2024
(the “Preliminary Prospectus”) that was included in Amendment No. 3
to the Registration Statement on Form F-1 (File No. 333-281771),
which can be accessed through the following web link:
https://www.sec.gov/Archives/edgar/data/1819704/000110465924125282/tm2422156-10_f1a.htm
The Company has filed a registration statement (including a
prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the
Company has filed with the SEC for more complete information about
the Company and this offering. You may get these documents for free
by visiting EDGAR on the SEC website at www.sec.gov. Alternatively,
any underwriter or any dealer participating in the offering will
arrange to send you the prospectus if you request it by contacting
ThinkEquity LLC at (877) 436-3673 or by email at
prospectus@think-equity.com.
Forward-Looking Statements Regarding MEDIROM
Certain statements in this press release are forward-looking
statements for purposes of the safe harbor provisions under the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements may include estimates or expectations
about MEDIROM’s possible or assumed operational results, financial
condition, business strategies and plans, market opportunities,
competitive position, industry environment, and potential growth
opportunities. In some cases, forward-looking statements can be
identified by terms such as “may,” “will,” “should,” “design,”
“target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,”
“anticipate,” “estimate,” “believe,” “continue,” “predict,”
“project,” “potential,” “goal,” or other words that convey the
uncertainty of future events or outcomes. These statements relate
to future events or to MEDIROM’s future financial performance, and
involve known and unknown risks, uncertainties and other factors
that may cause MEDIROM’s actual results, levels of activity,
performance, or achievements to be different from any future
results, levels of activity, performance or achievements expressed
or implied by these forward-looking statements. You should not
place undue reliance on forward-looking statements because they
involve known and unknown risks, uncertainties and other factors
which are, in some cases, beyond MEDIROM’s control and which could,
and likely will, affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects
MEDIROM’s current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions
relating to MEDIROM’s operations, results of operations, growth
strategy and liquidity. Some of the factors that could cause actual
results to differ materially from those expressed or implied by the
forward-looking statements in this press release include:
- MEDIROM’s ability to achieve its
development goals for its business and execute and evolve its
growth strategies, priorities and initiatives;
- changes in Japanese and global
economic conditions and financial markets, including their effects
on MEDIROM’s expansion in Japan and certain overseas markets;
- MEDIROM’s ability to achieve and
sustain profitability in its Digital Preventative Healthcare
Segment;
- the fluctuation of foreign exchange
rates, which affects MEDIROM’s expenses and liabilities payable in
foreign currencies;
- MEDIROM’s ability to maintain and
enhance the value of its brands and to enforce and maintain its
trademarks and protect its other intellectual property;
- MEDIROM’s ability to raise
additional capital on acceptable terms or at all;
- MEDIROM’s level of indebtedness and
potential restrictions on MEDIROM under MEDIROM’s debt
instruments;
- changes in consumer preferences and
MEDIROM’s competitive environment;
- MEDIROM’s ability to respond to
natural disasters, such as earthquakes and tsunamis, and to global
pandemics, such as COVID-19; and
- the regulatory environment in which
MEDIROM operates.
More information on these risks and other potential factors that
could affect MEDIROM’s business, reputation, results of operations,
financial condition, and stock price is included in MEDIROM’s
filings with the Securities and Exchange Commission (the “SEC”),
including in the “Risk Factors” and “Operating and Financial Review
and Prospects” sections of MEDIROM’s most recently filed periodic
report on Form 20-F and subsequent filings, which are available on
the SEC website at www.sec.gov. MEDIROM assumes no obligation to
update or revise these forward-looking statements for any reason,
or to update the reasons actual results could differ from those
anticipated in these forward-looking statements, even if new
information becomes available in the future.
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