Medirom healthcare technologies inc. announces new jpy350 million (approximately $2.4 million*) unsecured loan financing

Tokyo, march 17, 2025 (globe newswire) -- medirom healthcare technologies inc. (nasdaq cm: mrm), a holistic healthcare company based in japan (the “company” or “medirom”), today announced that it has obtained a new unsecured short-term bank loan in the amount of jpy350 million (approximately $2.4 million*). the company has used jpy200 million of the loan funds for repayment of indebtedness of medirom mother labs inc., a subsidiary of the company which is also a guarantor of the new loan, and the company intends to use the remainder of the loan funds for general working capital, including mother bracelet development. the loan bears interest at a rate of 1.875% per year.
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