Please refer to the attached PDF for details.
In an effort to improve the operating efficiency of the relaxation salon business, we have reorganized our group as of July 1, 2021. As a result, we became a corporation which focuses on the holding company function as the core of the Company’s operations, the health-related technology business centered on MOTHER and LAV businesses (hereinafter referred to as the “Healthtech Business”), the salon development function, which supports the development of the Company’s salons, and the corporate functions, which provides the management of the Company’s HR, accounting, general affairs, legal affairs, etc. By doing this, the Company switched from the operating model to generate revenue from relaxation salons to a model that charges management fees on its subsidiaries by providing the Company’s management services, support for opening and selling salons, strategy development, and support for the operation of the HR systems and other related activities.
These documents have been translated from the Japanese original for reference purposes only. In the event of any discrepancy between these translated documents and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect, or any other forms of damages arising from the translation.
Please <<click>> here for the preliminary financial results (consolidated - unaudited) for the fiscal year ended December 31, 2021, prepared in accordance with U.S. GAAP.