Medirom Healthcare Technologies Inc Stock Price, News & Analysis

Total Customers Served: 72,250 – Sales Per Customer: JPY 6,705 – Customer Repeat Ratio: 80.1%

On September 20, 2022, MEDIROM Healthcare Technologies Inc. (MRM) released key performance indicators for August 2022. The company reported a decrease in the number of salons from 315 to 311 year-over-year, while the total customers served increased by 8.4% to 72,250. Sales per customer rose to JPY 6,705, attributed to upselling. The repeat customer ratio fell to 80.1%, and the operational ratio improved to 49.8% due to adjusted staffing. The number of salons with data increased to 232 from 221.

MEDIROM Healthcare Technologies Inc. (NasdaqCM: MRM) reported its KPIs for July 2022, showcasing a 76,521 total customers served, an increase from 70,912 in July 2021. The sales per customer rose to JPY 6,668, up from JPY 6,498. However, the number of salons declined to 309 from 314 year-over-year. The operation ratio improved to 50.3%, while the repeat customer ratio slightly fell to 80.6%. These metrics reflect a recovery in operations post-COVID-19 but also highlight salon closures impacting overall service availability.

MEDIROM Healthcare Technologies Inc. (MRM) reported its June 2022 Key Performance Indicators (KPIs), highlighting a total of 73,259 customers served, up from 68,069 a year earlier. Despite a decline in the number of salons to 307 from 313, sales per customer increased to JPY 6,511 from JPY 6,350. The repeat customer ratio decreased slightly to 80.4% from 81.2%. The operation ratio improved to 50.3% from 48.6%, indicating better staffing efficiency.

MEDIROM Healthcare Technologies Inc. (Nasdaq: MRM) has received a notification from Nasdaq indicating that it does not meet the minimum market value requirement of $35 million, as per Nasdaq Listing Rule 5550(b)(2). This deficiency was noted due to the market value from May 9 to June 28, 2022, but does not currently affect its listing status. The company has until December 27, 2022, to regain compliance by maintaining a market value above $35 million for at least 10 consecutive business days. MEDIROM's business operations remain unaffected by this notification.

MEDIROM Healthcare Technologies Inc. (NasdaqCM: MRM) reported its May 2022 Key Performance Indicators (KPIs), revealing a total of 77,291 customers served, up from 66,604 a year ago, reflecting recovery from COVID-19. The sales per customer rose to JPY 6,461, up from JPY 6,370 due to increased upselling of services. However, the repeat ratio decreased to 79.6% from 80.6%. The company also noted an increase in the operation ratio to 50.1%.

MEDIROM Healthcare Technologies Inc. (NasdaqCM: MRM) released its April 2022 key performance indicators, showing significant growth in operational metrics. Total customers served reached 69,986, up from 63,682 a year prior, while sales per customer increased to JPY 6,616 from JPY 6,250. The repeat customer ratio improved to 82.0%, and the operation ratio rose to 48.3%. The total number of salons grew to 309 from 301 in the same period, reflecting positive business expansion and recovery from COVID-19 impacts.

MEDIROM Healthcare Technologies Inc. (NasdaqCM: MRM) announced on May 17, 2022, that it failed to timely file its Annual Report on Form 20-F, leading to a notice from Nasdaq regarding non-compliance with listing rules. The company has 60 days to submit a compliance plan and intends to file the Form 20-F within this period. The Nasdaq notice does not affect the trading of its American Depositary Shares. MEDIROM operates 310 relaxation salons and is expanding its healthcare services and tech offerings, including a smart tracker under development.

MEDIROM Healthcare Technologies (NasdaqCM: MRM) achieved a 62% revenue growth in fiscal 2021, totaling JPY 5,418 million, primarily driven by an increase in directly-operated salons. Total gross profit reached JPY 1,432 million with a gross margin of 26.4%, up from 12.8% in 2020. Despite improvements, the company faced an operating loss of JPY 448 million and a net loss of JPY 942 million. The results are preliminary and subject to audit, with management expressing optimism for continued growth in 2022.

MEDIROM Healthcare Technologies has regained compliance with Nasdaq's minimum market value requirement, as announced on April 22, 2022. Following a prior notification on January 18, 2022, the company maintained a market value of over $35 million for 10 consecutive business days, successfully meeting Nasdaq Listing Rule 5550(b)(2). MEDIROM operates 310 relaxation salons in Japan and has diversified into health tech with its Lav® training app and MOTHER Bracelet™ smart tracker. The company aims to lead in healthcare data management.