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0.000809508039886743 -0.00651286013908822 -0.0402914228943593 -0.0308348971556831 0.0266033778562755 0.0542370386724069 0.00820546785885123 0.0413585016742098
Stock impact report

Medirom gains as Elematec agrees to make to investment in subsidiary [Seeking Alpha]

MEDIROM Healthcare Technologies Inc. - American Depositary Share (MRM) 
Company Research Source: Seeking Alpha
and business alliance with Elematec, a member of the Toyota Tsusho Corporation group. Under the capital and business alliance agreement, Elematec has agreed to make a strategic investment in Medirom Mother Labs' Series A round at a pre-money valuation of 9 billion yen. Elematec is an electronics trading company with over 70 locations in Japan and abroad. “We anticipate the capital and business alliance will produce strong synergies with Elematec's parts procurement and manufacturing services and allow us to leverage its vast network of business partners to provide an additional distribution channel for Medirom's Mother Bracelet,” said Yoshio Uekusa, CEO, Medirom Mother Labs. MRM is to $3.18. Source: Press Release More on MEDIROM Healthcare Technologies - ADS MEDIROM Healthcare plans to acquire the majority of Japan Gene Medicine Medirom Mother Labs and NFES Technologies form capital and business alliance Financial information for MEDIROM Healthcare Technologies - ADS Show less Read more
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