MEDIROM Healthcare technologies Inc. (NASDAQ: MRM) (“MEDIROM”), a
health technology and holistic healthcare company headquartered in
Tokyo, Japan and led by CEO Kouji Eguchi, is pleased to announce
that its subsidiary, MEDIROM MOTHER Labs Inc. (“MOTHER Labs”) is
now providing its remote health monitoring system, REMONY, and
charging-free smart tracker device, MOTHER Bracelet®︎, to the
Electronics Division of TOPPAN Inc. (Tokyo Stock Exchange: 7911).
In recent years, employee health management has
shifted from being an individual’s responsibility to becoming one
of the key priorities for companies. Since their founding, TOPPAN
has consistently undertaken various initiatives to ensure the
physical and mental well-being of their employees based on the core
philosophy of respect for human beings. As part of TOPPAN’s efforts
to promote employee health, creating a safe and secure living
environment for employees living alone, such as those on solo
assignments, has been one of the key initiatives. By utilizing
REMONY, TOPPAN aims to establish an environment that enables early
detection and prompt responses in the event of certain health
abnormalities.
About the MOTHER Bracelet, Recharge-Free Smart
Tracker
MOTHER Bracelet is the world’s first 24/7
recharge-free smart tracker, powered by advanced technology that
generates electricity from the temperature difference between the
body and the surrounding air. As it doesn’t require recharging, it
eliminates the data loss that can occur when a device is taken off
for recharging. This single device can record five fundamental
health metrics: heart rate, surface body temperature, step count,
sleep, and calories burned. https://mother-bracelet.com
About Remote Health Monitoring System -
REMONY
“REMONY” remote health monitoring system,
developed by MEDIROM MOTHER Labs, combines the wrist-worn
recharge-free smart tracker MOTHER Bracelet with a dedicated
gateway. The system enables automatic data synchronization and
centralized real-time management. Health monitoring with
conventional wearables often faces challenges due to data loss
during device recharge period. However, MOTHER Bracelet measures
user vital data in real-time 24/7 without needing removal for
recharge. As a result, it allows prompt and early detection of
health emergencies and accident prevention with high accuracy. The
system is customizable for use in various industries, including
elderly care, health monitoring for night shift workers, etc.
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
About TOPPAN Inc.
TOPPAN Inc. develops solutions based on its
printing technologies in Japan and internationally. It operates
through three business segments: Information & Communication,
Living & Industry, and Electronics. Its Information &
Communication business offers securities, passbooks, cards,
business forms, catalogs, and printed advertising media, as well as
printed publication media, such as magazines and books, and
business process outsourcing. The Living & Industry business
provides packaging, including flexible packaging materials and
folding cartons, rigid plastic products, inks, and transparent
barrier films; and decor materials, such as decorative sheets and
wallpapers. Its Electronics business offers LCD color filters,
TFT-LCDs, antireflection films, photomasks, and semiconductor
package products. TOPPAN Inc. is the core operating company of the
TOPPAN Group, which was reorganized into a holding company
structure in October 2023, 123 years after Toppan Printing was
founded in Tokyo in 1900. https://www.toppan.com/en/
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.
A photo accompanying this announcement is available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/eb4bfdb8-465d-4f87-ba73-858fbc72229fhttps://www.globenewswire.com/NewsRoom/AttachmentNg/c6a270c0-1d07-440c-8231-b2d8edfc2508https://www.globenewswire.com/NewsRoom/AttachmentNg/1e0a44c0-8515-4775-ad06-af40145d4cc2
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