TOKYO, Dec. 11, 2024 — MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) announced that two of its senior executives at its subsidiary, Mother Labs, invested in the company’s Series A funding round. Issei Homan, Mother Labs’ Chief Technology Officer, and Yasuhiro Hayami, its Chief Business Officer, participated in the round, which valued Mother Labs at JPY9 billion (approximately USD $59,000,000 as of December 1, 2024). Both executives are deeply committed to Mother Labs and share MEDIROM’s vision and dedication to future growth.

More About Messrs. Homan and Hayami

Chief Technology Officer of MEDIROM MOTHER Labs Inc.
Issei Homan

  • 2007: Founded Aratana Inc. and served as Senior Managing Director
  • 2015: Aratana Inc. became a wholly-owned subsidiary of Start Today Inc.
  • 2018: Development Department Manager at ZOZOUSED Inc.
  • 2019: Founded Time Design LLC and served as CEO
  • 2024: Appointed Chief Technology Officer of MEDIROM MOTHER Labs

Chief Business Officer of MEDIROM MOTHER Labs Inc.
Yasuhiro Hayami

  • 1996: Founded INIT Co., Ltd. and served as Representative Director
  • 2004: Executive Officer at transcosmos inc.
  • 2014: Founded Wise, Inc.
  • 2024: Appointed Chairman of the Board at MEDIROM Rehab Solutions, Inc.
  • 2024: Appointed Chief Business Officer of MEDIROM MOTHER Labs

No Offer or Solicitation

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such an offer or sale would be unlawful.

Forward-Looking Statements Regarding MEDIROM

This press release contains forward-looking statements, which are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements. These risks are detailed in MEDIROM’s filings with the Securities and Exchange Commission (SEC), including its Form 20-F. MEDIROM disclaims any obligation to update these forward-looking statements.

ABOUT MEDIROM MOTHER Labs Inc.
A MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) subsidiary, Mother Labs operates in the health-tech sector. Its key offerings include the “Specific Health Guidance Program” via the “Lav” health app and the development and sale of the 24/7 recharge-free MOTHER Bracelet smart tracker. This bracelet enables customizable health management solutions across various industries.

MEDIROM Healthcare Technologies Inc.
NASDAQ Symbol: MRM
Tradepia Odaiba, 2-3-1 Daiba, Minato-ku, Tokyo, Japan
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MEDIROM MOTHER Labs Inc.
Tradepia Odaiba, 2-3-1 Daiba, Minato-ku, Tokyo, Japan
The MOTHER Bracelet is a 24/7 recharge-free smart tracker utilizing technology that generates power from temperature differences. This eliminates data loss during charging. It tracks heart rate, calories burned, body temperature, steps, and sleep.