Medirom healthcare technologies inc. announces up to jpy 50 million stock repurchase plan by its controlling shareholder and ceo

New york--( business wire )--medirom healthcare technologies inc. (nasdaqcm: mrm), a holistic healthcare company based in japan (“medirom” or the “company”), today announced that cozy llc (“cozy”), a company owned and controlled by mr. kouji eguchi, the ceo and controlling shareholder of the company, has entered into a stock repurchase plan (the “plan”) with a u.s. investment bank, under which cozy may purchase up to jpy50 million of the company's american depositary shares (“adss”), each representing one common share of the company. on january 18, 2023, the board of directors of the company approved the plan.
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