MEDIROM Healthcare Technologies, Inc. · NASDAQ:MRM
MEDIROM Healthcare Technologies — FY2024 Earnings Presentation
15 slides from MEDIROM Healthcare Technologies's earnings presentation, May 20, 2025
Slide 1: Preventative Health EMPOWERED Earnings Presentation May 2025
Preventative Health EMPOWERED Earnings Presentation May 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements included in this presentation (this “Presentation”) of MEDIROM Healthcare Technologies Inc., a company organized under the laws of Japan (the “Company,” “we,” “us” or “our”), are not historical facts but are forward-looking statements for purposes of the
Slide 3: Financial Highlights FY2024 vs. FY2023
Financial Highlights FY2024 vs. FY2023 03 Cost of Revenues Increased by 15.1%, due to the increased number of salon purchase-back transactions, in which we repurchase salons from investors to whom we previously sold the salons. However, the CoR ratio to Revenue decreased from 77.0% to 72.9%. 01 Impa
Slide 4: Financial Highlights Financial Year 2024
Financial Highlights Financial Year 2024 04 Cash Flow from Operating Activities Negative $8.5 million, mainly due to a decrease in accrued expenses caused by payments of taxes or social security expenses for the previous years, reclassification of proceeds from sales of salons to net cash (used in)
Slide 5: Consolidated Income Statement
Consolidated Income Statement 05 2024(USD) 2024(JPY) 2023(JPY) 2022(JPY) Change from 2023 to 2024 Revenues: Relaxation Salon $47,317 ¥7,446,200 ¥6,059,851 ¥5,972,913 22.9% Luxury Beauty $4,444 ¥699,301 567,695 594,761 23.2% Digital Preventative Healthcare $976 ¥153,633 ¥200,397 ¥386,383 (23.3%) Tota
Slide 6: Revenue Comparison by Revenue Stream
Revenue Comparison by Revenue Stream 06 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 Total Revenue Directly Operated Relaxation Salons Sale of Directly Owned Salons Franchise Fees Royalty Income Staffing Services Sublease Revenue Other Franchise Revenues Digital Preventative Healthcare Luxury Beau
Slide 7: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA 07 2024(USD) 2024(JPY) 2023(JPY) 2022(JPY) Net Income $878 ¥138,191 ¥115,049 ¥148,965 Dividend Income and Interest Income － (10) (1,113) (6,074) Interest Expenses 316 49,745 36,868 9,800 Income Tax Expense (Benefit) (575) (90,478) (94,427) 30,809 Depreciation and
Slide 8: Revenue and Adjusted EBITDA
Revenue Adjusted EBITDA 08 (1) Convenience translations of Japanese yen into U.S. dollars have been made at the exchange rate of ¥157.37 = US$1.00, which was the foreign exchange rate on December 31, 2024 as reported by the Board of Governors of the Federal Reserve System. (www.federalreserve.gov/re
Slide 9: Cost of Revenue Comparison
2023 (JPY, Millions) 2024 (JPY, Millions) Directly-Operated Salon COR 4,552 5,576 Franchised Salon COR 523 317 Other COR 184 160 Total COR ¥5,259 ¥6,053 Cost of Revenue Comparison 09 77.0% 72.9%
Slide 10: SG&A Comparison by Use of Expenses
SG&A Comparison by Use of Expenses 10 Payroll Expenses Directors’ compensation increased in 2024 as compared to 2023. Such expense increased at MEDIROM, and also some employees at subsidiaries were appointed as directors or added as directors in connection with the Company’s acquisition of a rehabil
Slide 11: Consolidated Balance Statement
Consolidated Balance Statement 11 As of December 31, 2024(USD) 2024(JPY) 2023(JPY) Assets Current Assets $17,196 ¥2,706,062 ¥1,758.704 Non -Current Assets $34,216 ¥5,384,609 ¥5,090,485 Total Assets $51,412 ¥8,090,671 ¥6,849,189 Liabilities: Current Liabilities $26,571 ¥4,181,481 ¥3,560,593 Non -Curr
Slide 12: Consolidated Cashflow Statement
Consolidated Cashflow Statement 12 Years End December 31, 2024(USD) 2024(JPY) 2023(JPY) Net Income $878 ¥138,191 ¥115,049 Net Cash Used In Operating Activities ($8,462) (¥1,331,681) (¥631,737) Net Cash (Used In) Provided By Investing Activities $2,296 ¥361,393 (¥328,576) Net Cash Provided By Financi
Slide 13: Wellness Salon Business Snapshot
MEDIROM HEALTHCARE TECHNOLOGIES INC. 76.3% repeat rate High repeat customer ratio Excluding aggregate of spa facilities 78K customers / month Average number of customers per month Served 945,395 customers in 2024 Focus on High Density Areas Retail metros/subways, malls, plazas Major cites (Tokyo, Na
Slide 14: Digital Preventative Healthcare Technology: MOTHER Bracelet
Digital Preventative Healthcare Technology: MOTHER Bracelet® SELF-CHARGING FITNESS TRACKER “MOTHER BRACELET ” UNDER CO-DEVELOPMENT WITH MATRIX INDUSTRIES, INC. FEATURES • Steps • Sleep/Sleep Cycle • Heart rate • Activities • Surface Body Temperature • Security • Waterproof TARGET MARKET • Hospitals,
Slide 15: Thank You!
Thank You! ir@medirom.co.jp www.medirom.co.jp/en/ir MEDIROM Healthcare Technologies Inc. 2-3-1, Daiba, Minato-ku, Tokyo, JAPAN 135-0091
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