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MEDIROM Healthcare Technologies Inc.

MRM NASDAQ Categories PDF
Consumer Cyclical · Personal Products & Services
Tokyo, 135-0091, Japan IPO 2020 medirom.co.jp Updated Jun 26, 7:47pm
Price
$1.00
Market Cap
$5.1M
Employees
334
Beta
1.00
Avg Volume
367,311
CEO
Kouji Eguchi
Business Description

MEDIROM Healthcare Technologies Inc. (MRM) is a Japanese company that offers comprehensive healthcare solutions, operating through two primary divisions: Relaxation Salon and Digital Preventative Healthcare. The Relaxation Salon segment oversees a network of both company-owned and franchised wellness centers, which include brands like Re.Ra.Ku and Ruam Ruam. These salons deliver various therapeutic services, such as finger-pressure bodywork, stretch therapy, posture and joint alignment, and aspects of physical therapy. They also provide specialized treatments for fatigue relief, athletic support, weight management, and reflexology. By the close of 2021, this division managed 312 such relaxation salons. The Digital Preventative Healthcare segment is dedicated to proactive health management through technology. It participates in government-mandated Specific Health Guidance programs, primarily leveraging its proprietary on-demand health monitoring smartphone application, Lav. This segment also features MOTHER Tracker for fitness tracking and provides general preventative healthcare services using its digital platforms and devices. Furthermore, MEDIROM operates the Re.Ra.Ku College in Tokyo's Odaiba area. This college offers continuous professional development for franchise owners, corporate staff, and salon employees, covering essential skills in customer service, salon management, and advanced relaxation techniques. Headquartered in Tokyo, Japan, the company was established in 2000. It adopted its current name, MEDIROM Healthcare Technologies Inc., in March 2020, having previously been known as MEDIROM Inc.

Business History
Price Overview
Last updated: Jun 27, 2026 9:01am (just now)
$1.00
-0.01 (-1.29%)
Day Range
$0.94 – $1.04
52-Week Range
$0.90 – $4.45
50-Day MA
$1.13
200-Day MA
$1.61
Volume
134,992.00
Share Structure
Outstanding 5,107,404.00
Float 3,758,181.00
Free Float 73.6%
Normal free float — 73.6% of shares trade freely, ~26.4% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Small absolute float (3.8M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Last updated: Jun 27, 2026 12:15am (8h ago)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 24, 2026 4:01pm (2d ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
0.13
Stock Price: $1.00
EPS (Diluted): 7.43
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
1.80
Stock Price: $1.00
Total Equity: $1.33B
Shares: 7,905,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-6.45
Market Cap: $5.09M
Total Debt: $2.33B
Cash: $20.14M
EBITDA: $513,791
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$4.7B
Market Cap: $5.09M
Total Debt: $2.33B
Cash: $20.14M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
96.6%
Gross Profit: $3.90M
Revenue: $4.04M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
10.3%
Operating Income: $414,306
Revenue: $4.04M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
9.3%
Net Income: $374,720
Revenue: $4.04M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-68.4%
Net Income: $374,720
Total Equity: $1.33B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-19.3%
Operating Income: $414,306
Tax Rate: 1.4%
Equity: $1.33B
Total Debt: $2.33B
Cash: $20.14M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.75
Current Assets: $3.57B
Current Liabilities: $2.04B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
1.75
Short-Term Debt: $1.74B
Long-Term Debt: $596.16M
Total Debt: $2.33B
Total Equity: $1.33B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.51
Revenue: $4.04M
Shares: 7,905,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$168.86
Total Equity: $1.33B
Shares: 7,905,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-239.91
Operating CF: -$1.33B
CapEx: -$564.81M
Shares: 7,905,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.00
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: $374,720
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MRM against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 4:01pm (2d ago)
Metric 2021 2022 2023 2024 2025
Revenue $5.4B $7.0B $6.8B $8.3B $4.0M
Cost of Revenue $4.0B $5.1B $5.3B $6.1B $137,794
Gross Profit $1.4B $1.9B $1.6B $2.2B $3.9M
Operating Expenses $1.9B $1.8B $2.0B $2.3B $3.5M
Operating Income -$470.6M $97.0M -$391.6M -$18.1M $414,306
Net Income -$990.7M $149.0M $115.0M $148.8M $374,720
EBITDA -$276.3M $373.6M $310.1M $387.5M $513,791
EPS $-203.13 $30.54 $23.64 $29.13 $7.43
EPS (Diluted)
Balance Sheet (Annual)
Last updated: Jun 24, 2026 4:01pm (2d ago)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $370.6M $605.5M $106.3M $329.4M $20.1M
Total Current Assets $1.4B $2.4B $1.8B $2.7B $3.6B
Total Assets $5.8B $6.7B $6.8B $8.1B $4.2B
Current Liabilities $3.2B $3.6B $3.6B $4.2B $2.0B
Long-Term Debt $746.6M $1.1B $1.1B $764.2M $596.2M
Total Liabilities $6.0B $6.8B $6.6B $6.9B $2.8B
Total Equity -$208.3M -$59.4M $210.9M $933.3M $1.3B
Retained Earnings -$2.7B -$2.5B $80.3M $229.0M $594.2M
Cash Flow (Annual)
Last updated: Jun 24, 2026 4:01pm (2d ago)
Metric 2020 2021 2022 2023 2024
Operating Cash Flow -$366.4M -$557.2M -$685.7M -$631.7M -$1.3B
Capital Expenditure -$73.6M -$95.7M -$120.7M -$135.8M -$564.8M
Free Cash Flow -$440.0M -$652.9M -$806.4M -$767.6M -$1.9B
Acquisitions (net) -$99.2M $54.2M -$148.0M $584.8M $887.1M
Debt Repayment
Dividends Paid
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $926.1M -$1.1B $234.8M -$499.1M $223.1M
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 7:47pm (13h ago)
Metric 2024 2025
Revenue $1.3T
$1.3T – $1.3T
$1.4T
$1.4T – $1.4T
EBITDA $59.2B
$59.2B – $59.2B
$62.5B
$62.5B – $62.5B
Net Income $85.8M
$85.8M – $85.8M
$111.6M
$111.6M – $111.6M
EPS
Growth Trends (YoY %)
Last updated: Jun 24, 2026 4:01pm (2d ago)
Metric 2022 2023 2024 2025
Revenue Growth +28.5% -1.8% +21.5% -100.0%
Gross Profit Growth +34.4% -17.5% +43.2% -99.8%
Operating Income Growth +120.6% -503.8% +95.4% +102.3%
Net Income Growth +115.0% -22.8% +29.3% -99.7%
EBITDA Growth +235.2% -17.0% +25.0% -99.9%
Insider Trading (Recent)
Type codes PPurchase SSale AAward / grant MOption exercise FIn-kind (tax) CConversion GGift DReturn to issuer
All SEC Form 4 codes
Open market
P Purchase
Open-market or private purchase of shares.
S Sale
Open-market or private sale of shares.
Compensation (Rule 16b-3)
A Award / grant
Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
D Return to issuer
Securities disposed back to the company under Rule 16b-3.
F In-kind (tax)
Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
I Discretionary
Discretionary transaction under an employee plan — Rule 16b-3(f).
M Option exercise
Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
C Conversion
Conversion of a derivative security into the underlying shares.
E Short expiration
Expiration of a short derivative position.
H Long expiration
Expiration or cancellation of a long derivative position with value received.
O OTM exercise
Exercise of an out-of-the-money derivative.
X ITM exercise
Exercise of an in-the-money or at-the-money derivative.
Other exempt
G Gift
Bona fide gift of securities.
L Small acquisition
Small acquisition under Rule 16a-6.
W Inheritance
Acquisition or disposition by will or the laws of descent.
Z Voting trust
Deposit into or withdrawal from a voting trust.
Other
J Other
Other acquisition or disposition (explained in a Form 4 footnote).
K Equity swap
Transaction in an equity swap or similar instrument.
U Tender / buyout
Disposition via tender of shares in a change-of-control transaction.

Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.

Date Insider Type Shares Price Value
2026-05-29 Uekusa Yoshio 0.00 $0.00 $0
2026-03-18 Ogawa Tomoya 0.00 $0.00 $0
2026-03-18 Nojima Akira 0.00 $0.00 $0
2026-03-18 Fujiwara Fumitoshi 0.00 $0.00 $0
2026-03-18 Eguchi Kouji 0.00 $0.00 $0
2026-03-18 Eguchi Kouji 0.00 $0.00 $0
2026-03-18 Eguchi Kouji 0.00 $0.00 $0
2026-03-18 Eguchi Kouji 36,500.00 $0.00 $0
2010-02-03 COHEN EDWARD H U-Tender 17,000.00 $16.00 $272,000
2010-02-03 COHEN EDWARD H D-Return 2,500.00 $9.52 $23,800
2010-02-03 COHEN EDWARD H D-Return 2,500.00 $9.78 $24,450
2010-02-03 COHEN EDWARD H D-Return 2,500.00 $5.15 $12,875
2010-02-03 COHEN EDWARD H D-Return 2,500.00 $7.82 $19,550
2010-02-03 COHEN EDWARD H D-Return 2,500.00 $8.95 $22,375
2010-02-03 COHEN EDWARD H D-Return 3,000.00 $16.00 $48,000
2009-06-24 COHEN EDWARD H A-Award 1,500.00 $0.00 $0
2009-06-24 COHEN EDWARD H A-Award 2,500.00 $7.82 $19,550
2009-06-10 COHEN EDWARD H M-Exempt 2,500.00 $9.01 $22,525
2009-06-11 COHEN EDWARD H S-Sale 2,500.00 $11.18 $27,950
2009-06-10 COHEN EDWARD H M-Exempt 2,500.00 $9.01 $22,525
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MRM — it's generated by the pipeline (market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30