December 1ST 2024, Tokyo, Japan: MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) (“MED IROM”) announces that M3, Inc. (TOKYO PRIME: 2413), or an affiliate within the M3 group, is participating in the Series A equity financing round of MEDIROM MOTHER Labs Inc., a sub sidiary of MEDIROM. NFES Technologies Inc. is the lead investor of the Series A financing round at a pre-money valuation of JPY9 billion. Additional information is available.
MOTHER Bracelet is the world's first* 24/7 recharge-free smart tracker. It uses innovative technology from a Silicon Valley tech company that allows for power generation based on te mperature differences between body and surrounding air. The recharge-free feature eliminat es the risk of data loss when a device is taken off for recharge. MOTHER Bracelet records five basic metrics: heart rate, calories burned, body surface temperature, step count, and sleep.
Certain statements in this press release are forward-looking statements for purposes of th e 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 opportunit ies. 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,” “predic t,” “project,” “potential,” “goal,” or other words that convey the uncertainty of f uture 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 factor s that may cause MEDIROM’s actual results, levels of activity, performance, or achievemen ts to be different from any future results, levels of activity, performance or achievement s expressed or implied by these forward-looking statements. You should not place undue rel iance on forward-looking statements because they involve known and unknown risks, uncertai nties and other factors which are, in some cases, beyond MEDIROM’s control and which coul d, and likely will, affect actual results, levels of activity, performance or achievement s. 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.
More information on these risks and other potential factors that could affect MEDIROM’s b usiness, reputation, results of operations, financial condition, and stock price is includ ed in MEDIROM’s filings with the Securities and Exchange Commission (the “SEC”), includ ing 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, whi ch are available on the SEC website at www.sec.gov. MEDIROM assumes no obligation to updat e or revise these forward-looking statements for any reason, or to update the reasons actu al results could differ from those anticipated in these forward-looking statements, even i f new information becomes available in the future.
More information on these risks and other potential factors that could affect MEDIROM’s b usiness, reputation, results of operations, financial condition, and stock price is includ ed in MEDIROM’s filings with the Securities and Exchange Commission (the “SEC”), includ ing 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, whi ch are available on the SEC website at www.sec.gov. MEDIROM assumes no obligation to updat e or revise these forward-looking statements for any reason, or to update the reasons actu al results could differ from those anticipated in these forward-looking statements, even i f new information becomes available in the future.
ABOUT M3, Inc.
M3 is a one of a kind venture company that operates a multitude of global services centred around its physician platform such as m3.com.
M3 is the first company incorporated after the year 2000 to be included in the Nikkei 225 Index. Its 330,000+ Japanese and 6,500,000+ global physician member panel serves as a cent ral platform in advancing innovation and reform across healthcare worldwide.
Tokyo Stock Exchange Prime Market (Securities code 2413) 1-11-44 Akasaka Minato-ku, Tokyo 107-0052 JAPAN
Web https://corporate.m3.com/en
ABOUT MEDIROM MOTHER Labs Inc.
A subsidiary of MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM), focuses on the health- tech sector. The company’s core activities include the "Specific Health Guidance Program" offered through the "Lav" health application and development and sales of the 24/7 recharg e-free MOTHER Bracelet smart tracker. By leveraging the features of the recharge-free MOTH ER Bracelet, MOTHER Labs offers customizable health management solutions across diverse se ctors, including caregiving, logistics, manufacturing, etc.
MEDIROM Healthcare Technologies Inc.
NASDAQ Symbol: MRM
Tradepia Odaiba, 2-3-1 Daiba, Minato-ku, Tokyo, Japan
Web https://medirom.co.jp/en
Web https://medirom.co.jp/en
Contact: ir@medirom.co.jp
MEDIROM MOTHER Labs Inc.
Tradepia Odaiba, 2-3-1 Daiba, Minato-ku, Tokyo, Japan
MOTHER Bracelet is the world's first* 24/7 recharge-free smart tracker. It uses innovative technology from a Silicon Valley tech company that allows for power generation based on te mperature differences between body and surrounding air. The recharge-free feature eliminat es the risk of data loss when a device is taken off for recharge. MOTHER Bracelet records five basic metrics: heart rate, calories burned, body surface temperature, step count, and sleep.