Elematec Corporation Forms a Business Alliance with and Agrees to Make a Strategic Investment in MEDIROM Healthcare Technologies’ MOTHER Labs Subsidiary
MEDIROM Healthcare Technologies Inc. - American Depositary Share (MRM)
Company Research
Source: GlobeNewswire
TOKYO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) announces that its subsidiary MEDIROM MOTHER Labs Inc. has formed a capital and business alliance with Elematec Corporation (TOKYO PRIME: 2715), a member of the Toyota Tsusho Corporation group. Under the capital and business alliance agreement, Elematec Corporation has agreed to make a strategic investment in MEDIROM MOTHER Labs’ Series A round at a pre-money valuation of 9 billion yen (approximately US$60,000,000, calculated at an exchange rate of JPY150 to US$1). Elematec is an electronics trading company with over 70 locations in Japan and abroad. The Company provides commercial products in various fields, including the latest electronic products such as smartphones, tablets, home appliances, automobiles, OA equipment, and industrial equipment. “We anticipate the capital and business alliance will produce strong synergies with Elematec's parts procurement and manufacturing services and a
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News
- MEDIROM Healthcare Technologies Inc. Announces November 2024 Key Performance Indicators (KPIs)GlobeNewswire
- MEDIROM Healthcare Technology‘s Subsidiary, MEDIROM MOTHER Labs, Raises an Aggregate Total of JPY260.3 Million in its Series A Financing Round [Yahoo! Finance]Yahoo! Finance
- MEDIROM Healthcare Technology‘s Subsidiary, MEDIROM MOTHER Labs, Raises an Aggregate Total of JPY260.3 Million in its Series A Financing RoundGlobeNewswire
- MEDIROM Healthcare Technologies Inc. Announces Closing of Public OfferingGlobeNewswire
- Two Senior MEDIROM Mother Labs Executives Invest in Mother Labs’ Series A Financing at a Pre-Money Valuation of JPY9 Billion (as of December 1, 2024, approximately USD $59,000,000)GlobeNewswire
MRM
Sec Filings
- 12/23/24 - Form 6-K
- 12/13/24 - Form 6-K
- 12/12/24 - Form 6-K
- MRM's page on the SEC website