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)Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 7.43
Total Equity: $1.33B
Shares: 7,905,000
Total Debt: $2.33B
Cash: $20.14M
EBITDA: $513,791
Total Debt: $2.33B
Cash: $20.14M
Revenue: $4.04M
Revenue: $4.04M
Revenue: $4.04M
Total Equity: $1.33B
Tax Rate: 1.4%
Equity: $1.33B
Total Debt: $2.33B
Cash: $20.14M
Current Liabilities: $2.04B
Long-Term Debt: $596.16M
Total Debt: $2.33B
Total Equity: $1.33B
Shares: 7,905,000
Shares: 7,905,000
CapEx: -$564.81M
Shares: 7,905,000
Stock Price: $1.00
Net Income: $374,720
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
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)
All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- 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.
- 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.
- 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.
- 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
market-narrative step).