Form 6-K Medirom Healthcare Techn For: May 17
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 registrants home country), or under the rules of the home country exchange on which the registrants 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 registrants 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. |
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Description |
99.1 |
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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.
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MEDIROM HEALTHCARE TECHNOLOGIES INC. | ||
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Date: May 17, 2021 |
By: |
/s/ Fumitoshi Fujiwara | |
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Name: Fumitoshi Fujiwara | |
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Title: Chief Financial Officer | |
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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.
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Number of |
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Total |
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Sales Per |
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Repeat Ratio (*4) |
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Operation Ratio (*5) |
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April-20 |
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290 |
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13,381 |
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JPY 6,209 |
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88.0 |
% |
19.7 |
% |
May-20 |
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289 |
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19,451 |
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JPY 6,244 |
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84.5 |
% |
29.0 |
% |
June-20 |
|
289 |
|
51,686 |
|
JPY 6,234 |
|
81.2 |
% |
40.8 |
% |
July-20 |
|
288 |
|
60,964 |
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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 |
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JPY 6,269 |
|
80.3 |
% |
47.0 |
% |
November-20 |
|
291 |
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63,993 |
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JPY 6,312 |
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80.7 |
% |
47.6 |
% |
December-20 |
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290 |
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64,649 |
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JPY 6,486 |
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82.6 |
% |
48.2 |
% |
January-21 |
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302 |
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56,557 |
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JPY 6,443 |
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84.0 |
% |
44.6 |
% |
February-21 |
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302 |
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56,370 |
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JPY 6,443 |
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83.0 |
% |
47.6 |
% |
March-21 |
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303 |
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62,441 |
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JPY6,352 |
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81.9 |
% |
47.0 |
% |
April -21 |
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301 |
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63,682 |
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JPY 6,250 |
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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
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