{"id":826623,"date":"2025-03-17T17:33:02","date_gmt":"2025-03-17T21:33:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/medirom-healthcare-technologies-inc-announces-new-jpy350-million-approximately-2-4-million-unsecured-loan-financing\/"},"modified":"2025-03-17T17:33:02","modified_gmt":"2025-03-17T21:33:02","slug":"medirom-healthcare-technologies-inc-announces-new-jpy350-million-approximately-2-4-million-unsecured-loan-financing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/medirom-healthcare-technologies-inc-announces-new-jpy350-million-approximately-2-4-million-unsecured-loan-financing\/","title":{"rendered":"MEDIROM Healthcare Technologies Inc. Announces\u00a0New JPY350 Million (Approximately $2.4 Million*) Unsecured Loan Financing"},"content":{"rendered":"
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TOKYO, March 17, 2025 (GLOBE NEWSWIRE) — MEDIROM Healthcare Technologies Inc. (Nasdaq CM: MRM), a holistic healthcare company based in Japan (the \u201cCompany\u201d or \u201cMEDIROM\u201d), 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.<\/p>\n

\u201cThis new loan financing strengthens our financial position, providing additional support for developing Mother Bracelet,\u201d said Koji Eguchi, Chief Executive Officer of MEDIROM.<\/p>\n

\n *Convenience translations included in this press release of Japanese yen into U.S. dollars have been made at the exchange rate of JPY148.87 = US$1.00, which was the TTM exchange rate provided by Mizuno Bank on March 17, 2025.<\/sup>\n <\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about the Company\u2019s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cdesign,\u201d \u201ctarget,\u201d \u201caim,\u201d \u201chope,\u201d \u201cexpect,\u201d \u201ccould,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cpotential,\u201d \u201cgoal,\u201d or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to the Company\u2019s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause the Company\u2019s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company\u2019s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company\u2019s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to the Company\u2019s operations, results of operations, growth strategy and liquidity. Some of the factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this press release include:<\/p>\n