MEDIROM Healthcare Applied sciences Inc. Declares October 2022
Key Efficiency Indicators (KPIs)
Complete Prospects Served: 72,252 – Gross sales Per Buyer: JPY 6,630 – Buyer Repeat Ratio: 81.8%
New York/November 23, 2022 – MEDIROM Healthcare Applied sciences Inc. (NasdaqCM: MRM), a holistic healthcare firm primarily based in Japan (the “Firm”), at this time introduced its main Key Efficiency Indicators, or KPIs, up to date for the month of October 2022. Knowledge is offered for all salons for which comparative monetary and buyer information is out there and excludes sure salons the place such data is just not obtainable.
The next month-to-month KPIs present perception into the enterprise fundamentals and progress of the Firm, up to date for the month of October 2022.
|•||The variety of salons was 313 in October 2022, down from 316 within the year-ago interval. From October 2021 to October 2022, 15 unprofitable salons had been closed via scrap-and-build and 12 new salons had been opened.|
|•||Complete prospects served elevated to 72,252 in October 2022 from 68,608 within the year-ago interval. The rise is primarily attributed to the rise within the variety of salons with obtainable monetary and buyer information and financial restoration from COVID-19 pandemic.|
|•||Gross sales per buyer elevated to JPY 6,630 in October 2022 from JPY 6,486 in October 2021. The rise is primarily attributed to the upselling of value-added non-obligatory providers.|
|•||Repeat ratio, a measure of repeat prospects, decreased to 81.8% in October 2022 from 83.3% within the year-ago interval.|
|•||Operation ratio elevated to 50.0% in October 2022 from 48.9% within the year-ago interval. The rise is primarily attributed to the adjustment of staffing in keeping with salon scale.|
|•||The entire variety of salons with information elevated to 234 in October 2022 from 221 in October 2021. The rise is attributed to the completion of the alternative of the shopper administration system in sure salons. The variety of salons with information decreases once we shut salons with information obtainable and will increase as we open salons with such information.|
Gross sales per
|Repeat Ratio (*5)||Operation Ratio (*6)|
(*1) Variety of Salons: Contains our directly-operated salons and franchisees’ salons.
(*2) Variety of Salons with Knowledge: The variety of salons for which comparable monetary and buyer information is out there.
(*3) Complete Prospects Served: The variety of prospects served at salons for which comparative monetary and buyer information is out there.
(*4) Gross sales Per Buyer: The ratio of whole salon gross sales to variety of handled prospects in any respect salons for which comparable monetary and buyer information is out there.
(*5) Repeat Ratio: The ratio of repeat buyer visits to whole buyer visits within the relevant month for all salons for which comparable monetary and buyer information is out there.
(*6) Operation Ratio: The ratio of therapists’ in-service time to whole therapists’ working hours (together with stand-by time) for the relevant month for all salons for which comparable monetary and buyer information is out there.
*Since July 2021, the salon operation enterprise has been managed by Wing Inc., which is a wholly-owned subsidiary of the Firm.
About MEDIROM Healthcare Applied sciences Inc.
MEDIROM, a holistic healthcare firm, operates 313 (as of October 31, 2022) leisure salons throughout Japan, Re.Ra.Ku®, being its main model, and supplies healthcare providers. In 2015, MEDIROM entered the well being tech enterprise, and launched new healthcare applications utilizing on-demand coaching app known as “Lav®“, which is developed by the Firm. MEDIROM additionally entered the machine enterprise in 2020 and has developed a wise tracker “MOTHER Bracelet®“. MEDIROM hopes that its various well being associated providers and merchandise providing will assist it accumulate and handle healthcare information from customers and prospects and allow it to grow to be a pacesetter in huge information within the healthcare trade. For extra data, go to https://medirom.co.jp/en
Sure statements on this press launch are forward-looking statements for functions of the secure harbor provisions underneath the U.S. Personal Securities Litigation Reform Act of 1995. Ahead-looking statements could embody estimates or expectations concerning the Firm’s doable or assumed operational outcomes, monetary situation, enterprise methods and plans, market alternatives, aggressive place, trade setting, and potential progress alternatives. In some circumstances, forward-looking statements might be recognized by phrases resembling “could,” “will,” “ought to,” “design,” “goal,” “goal,” “hope,” “count on,” “may,” “intend,” “plan,” “anticipate,” “estimate,” “imagine,” “proceed,” “predict,” “challenge,” “potential,” “purpose,” or different phrases that convey the uncertainty of future occasions or outcomes. These statements relate to future occasions or to the Firm’s future monetary efficiency, and contain identified and unknown dangers, uncertainties and different components which will trigger the Firm’s precise outcomes, ranges of exercise, efficiency, or achievements to be materially completely different from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by these forward-looking statements. You shouldn’t place undue reliance on forward-looking statements since they contain identified and unknown dangers, uncertainties and different components that are, in some circumstances, past the Firm’s management and which may, and sure will, materially have an effect on precise outcomes, ranges of exercise, efficiency or achievements. Any forward-looking assertion displays the Firm’s present views with respect to future occasions and is topic to those and different dangers, uncertainties and assumptions regarding the Firm’s operations, outcomes of operations, progress technique and liquidity. The Firm assumes no obligation to publicly replace or revise these forward-looking statements for any purpose, or to replace the explanations precise outcomes may differ materially from these anticipated in these forward-looking statements, even when new data turns into obtainable sooner or later.
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