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Form 6-K Medirom Healthcare Techn For: May 17

May 17, 2021 8:46 AM EDT

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May, 2021

 

Commission File Number 001-39809

 

MEDIROM HEALTHCARE TECHNOLOGIES INC.

(Exact name of registrant as specified in its charter)

 

2-3-1 Daiba, Minato-ku
Tokyo 135-0091, Japan

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

x Form 20-F o Form 40-F

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

 


 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Issuance of Press Release

 

On May 17, 2021, MEDIROM Healthcare Technologies Inc. (the “Company”) issued a press release announcing its major Key Performance Indicators, updated for the month of April 2021.

 

The press release furnished in this report as Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

 

Forward-Looking Statements

 

Matters discussed in this report may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.  The words “believe,” “anticipate,” “intends,” “estimate,” “potential,” “may,” “should,” “expect” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this report are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.

 

EXHIBIT INDEX

 

Exhibit No.

 

Description

99.1 

 

Press Release of Medirom Healthcare Technologies Inc. dated May 17, 2021.

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

 

MEDIROM HEALTHCARE TECHNOLOGIES INC.

 

 

 

Date: May 17, 2021

By:

/s/ Fumitoshi Fujiwara

 

 

Name: Fumitoshi Fujiwara

 

 

Title: Chief Financial Officer

 

 

 


Exhibit 99.1

 

 

MEDIROM Healthcare Technologies Inc., Announces its latest Key Performance Indicators (KPIs)

 

New York/May 17, 2021 — MEDIROM Healthcare Technologies Inc. (Nasdaq CM: MRM), a Japanese based holistic healthcare Company (the “Company”), today announced its major Key Performance Indicators, or KPIs, updated for the month of April 2021.

 

The following monthly KPIs provide insight into the business fundamentals and progress of the Company, updated for the month of April 2021.

 

·                  The number of salons was 301 in April 2021, up from 290 in the year-ago period, primarily as a result of openings of new salons.

 

·                  Total customers served were 63,682 in April 2021 versus 13,381 in April 2020, a 376% increase due to a recovery from the COVID-19 impact.

 

·                  Sales per customer slightly decreased to JPY 6,250 in April 2021, up from JPY6,209 in April 2020. The decrease from the previous month is due to promotional pricing for the newly opened and rebranded salons.

 

·                  Our repeat ratio, a measure of repeat customers, was 81.4% in April 2021, down from 88.0% in April 2020. The repeat ratio in April 2020 was higher due to fewer new customers during the COVID-19 lock-down.

 

·                  Our operation ratio recovered from the COVID-19 impact to 46.3% in April 2021, increasing from 19.7% in the year-ago period.

 

 

 

Number of
 Salons
 (*1)

 

Total 
Customers 
Served
 (*2)

 

Sales Per 
Customer
 (*3)

 

Repeat Ratio (*4)

 

Operation Ratio

(*5)

 

April-20

 

290

 

13,381

 

JPY 6,209

 

88.0

%

19.7

%

May-20

 

289

 

19,451

 

JPY 6,244

 

84.5

%

29.0

%

June-20

 

289

 

51,686

 

JPY 6,234

 

81.2

%

40.8

%

July-20

 

288

 

60,964

 

JPY 6,276

 

80.6

%

43.3

%

August-20

 

284

 

66,464

 

JPY 6,351

 

80.4

%

47.5

%

September-20

 

284

 

64,809

 

JPY 6,245

 

80.2

%

48.1

%

October-20

 

291

 

65,820

 

JPY 6,269

 

80.3

%

47.0

%

November-20

 

291

 

63,993

 

JPY 6,312

 

80.7

%

47.6

%

December-20

 

290

 

64,649

 

JPY 6,486

 

82.6

%

48.2

%

January-21

 

302

 

56,557

 

JPY 6,443

 

84.0

%

44.6

%

February-21

 

302

 

56,370

 

JPY 6,443

 

83.0

%

47.6

%

March-21

 

303

 

62,441

 

JPY6,352

 

81.9

%

47.0

%

April -21

 

301

 

63,682

 

JPY 6,250

 

81.4

%

46.3

%

 


(*1) Number of Salons: Directly-operated salons, and franchisees’ salons.

 

(*2) Total Customers Served: The number of customers served at salons (other than JOYHANDS WELLNESS for which comparative financial and customer data is not available).

 


 

(*3) Sales Per Customer: The ratio of total salon sales to number of treated customers at salons (other than JOYHANDS WELLNESS).

 

(*4) Repeat Ratio: The ratio of repeat customer visits to total customer visits in the applicable month (except for JOYHANDS WELLNESS).

 

(*5) Operation Ratio: The ratio of therapists’ in-service time to total therapists’ working hours (including stand-by time) for the applicable month (except for JOYHANDS WELLNESS).

 

<About MEDIROM Healthcare Technologies Inc.>

 

 

MEDIROM operates 301 (as of April 30, 2021) relaxation 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 on-demand training app called “Lav™”, which is developed by the company. MEDIROM also entered the device business in 2020 and is developing a smart tracker “MOTHER Tracker™”. MEDIROM plans to expand the scope of its business to include data analysis utilizing the data it has collected since formation of the company.

 

URL : https://medirom.co.jp/en

 

· Contacts

 

Investor Relations Team

 

[email protected]

 




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