Today techs MEDIROM Healthcare Applied sciences Inc. Declares August 2022

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NEW YORK, Sept. 20, 2022 (GLOBE NEWSWIRE) — MEDIROM Healthcare Applied sciences Inc. (NasdaqCM: MRM), a holistic healthcare firm primarily based in Japan (the “Firm”), as we speak introduced its main Key Efficiency Indicators, or KPIs, up to date for the month of August 2022. Information is offered for all salons for which comparative monetary and buyer knowledge is out there and excludes sure salons the place such data will not be accessible.

The next month-to-month KPIs present perception into the enterprise fundamentals and progress of the Firm, up to date for the month of August 2022.

  • The variety of salons was 311 in August 2022, down from 315 within the year-ago interval. From August 2021 to August 2022, 14 unprofitable salons had been closed by scrap-and-build and 10 new salons had been opened.
  • Whole clients served elevated to 72,250 in August 2022 from 66,323 within the year-ago interval. The rise is primarily attributed to the rise within the variety of salons with accessible monetary and buyer knowledge and financial restoration from COVID-19 pandemic.
  • Gross sales per buyer elevated to JPY 6,705 in August 2022 from JPY 6,592 in August 2021. The rise is primarily attributed to the upselling of value-added non-compulsory companies.
  • Repeat ratio, a measure of repeat clients, decreased to 80.1% in August 2022 from 81.3% within the year-ago interval.
  • Operation ratio elevated to 49.8% in August 2022 from 46.5% within the year-ago interval. The rise is primarily attributed to the adjustment of staffing in line with salon scale.
  • The full variety of salons with knowledge elevated to 232 in August 2022 from 221 in August 2021. The rise is attributed to the completion of the alternative of the client administration system in sure salons. The variety of salons with knowledge decreases after we shut salons with knowledge accessible and will increase as we open salons with such knowledge.
today techs style=”border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: top ; “>82.4 today techs style=”border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; “>231
  Variety of Salons (*1) Variety of Salons with Information (*2) Whole Clients Served (*3) Gross sales per Buyer (*4) Repeat Ratio (*5) Operation Ratio (*6)
August-21 315 221 66,323 JPY 6,592 81.3 % 46.5 %
September-21 316 221 65,130 JPY 6,428 82.0 % 46.7 %
October-21 316 221 68,608 JPY 6,486 83.3 % 48.9 %
November-21 316 221 65,569 JPY 6,466 81.9 % 47.7 %
December-21 312 221 71,173 JPY 6,634 81.7 % 50.5 %
today techs ; “>January-22 312 221 62,747 JPY 6,570 82.4 % 48.2 %
February-22 310 219 54,443 JPY 6,662 83.8 % 46.4 %
March-22 310 today techs ; text-align: center ; vertical-align: middle; vertical-align: top ; “>217 61,417 JPY 6,595 % 46.5 %
April-22 309 232 69,986 JPY 6,616 82.0 % 48.3 %
Might-22 308 232 77,291 JPY 6,461 79.6 % 50.1 %
June-22 307 231 73,259 JPY 6,511 80.4 % 50.3 %
July-22 309 76,521 JPY 6,668 80.6 % 50.3 %
today techs solid black 1pt ; border-left: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: middle ; “>August-22 311 232 72,250 JPY 6,705 80.1 % 49.8 %

(*1) Variety of Salons: Contains our directly-operated salons and franchisees’ salons.
(*2) Variety of Salons with Information: The variety of salons for which comparable monetary and buyer knowledge is out there.
(*3) Whole Clients Served: The variety of clients served at salons for which comparative monetary and buyer knowledge is out there.
(*4) Gross sales Per Buyer: The ratio of whole salon gross sales to variety of handled clients in any respect salons for which comparable monetary and buyer knowledge is out there.
(*5) Repeat Ratio: The ratio of repeat buyer visits to whole buyer visits within the relevant month for all salons for which comparable monetary and buyer knowledge is out there.
(*6) Operation Ratio: The ratio of therapists’ in-service time to whole therapists’ working hours (together with stand-by time) for the relevant month for all salons for which comparable monetary and buyer knowledge is out there.

*Since July 2021, the salon operation enterprise has been managed by Wing Inc., which is a wholly-owned subsidiary of the Firm.

About MEDIROM Healthcare Applied sciences Inc.
MEDIROM, a holistic healthcare firm, operates 311 (as of August 31, 2022) leisure salons throughout Japan, Re.Ra.Ku®, being its main model, and supplies healthcare companies. In 2015, MEDIROM entered the well being tech enterprise, and launched new healthcare applications utilizing on-demand coaching app referred to as “Lav®”, which is developed by the Firm. MEDIROM additionally entered the machine enterprise in 2020 and is growing a sensible tracker “MOTHER Bracelet®” (previously often known as “MOTHER Tracker®”). MEDIROM hopes that its numerous well being associated companies and merchandise providing will assist it gather and handle healthcare knowledge from customers and clients and allow it to grow to be a frontrunner in large knowledge within the healthcare trade. For extra data, go to https://medirom.co.jp/en

Ahead-Wanting Statements
Sure statements on this press launch are forward-looking statements for functions of the protected harbor provisions underneath the U.S. Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements might embody estimates or expectations concerning the Firm’s attainable or assumed operational outcomes, monetary situation, enterprise methods and plans, market alternatives, aggressive place, trade atmosphere, and potential progress alternatives. In some instances, forward-looking statements might be recognized by phrases akin to “might,” “will,” “ought to,” “design,” “goal,” “purpose,” “hope,” “count on,” “might,” “intend,” “plan,” “anticipate,” “estimate,” “consider,” “proceed,” “predict,” “undertaking,” “potential,” “objective,” or different phrases that convey the uncertainty of future occasions or outcomes. These statements relate to future occasions or to the Firm’s future monetary efficiency, and contain recognized and unknown dangers, uncertainties and different components which will trigger the Firm’s precise outcomes, ranges of exercise, efficiency, or achievements to be materially completely different from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by these forward-looking statements. You shouldn’t place undue reliance on forward-looking statements since they contain recognized and unknown dangers, uncertainties and different components that are, in some instances, past the Firm’s management and which might, and sure will, materially have an effect on precise outcomes, ranges of exercise, efficiency or achievements. Any forward-looking assertion displays the Firm’s present views with respect to future occasions and is topic to those and different dangers, uncertainties and assumptions referring to the Firm’s operations, outcomes of operations, progress technique and liquidity. The Firm assumes no obligation to publicly replace or revise these forward-looking statements for any purpose, or to replace the explanations precise outcomes might differ materially from these anticipated in these forward-looking statements, even when new data turns into accessible sooner or later.

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