tiprankstipranks
Trending News
More News >

MEDIROM Healthcare Sees Growth in Health Tech Amid Salon Challenges

MEDIROM Healthcare Technologies (MRM) has released an update.

Confident Investing Starts Here:

MEDIROM Healthcare Technologies Inc. reported a slight decline in its October 2024 Key Performance Indicators, with total customers served falling to 79,571 and a modest increase in sales per customer to JPY 6,923. Despite a decrease in repeat customer ratio and the number of operational salons, the company continues to expand its health tech business with the Lav® app, now contracted with 93 corporate insurance associations and reaching over 8,000 users. This growth in the health tech sector suggests a strategic pivot towards leveraging technology to enhance healthcare services in Japan.

For further insights into MRM stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App