MEDIROM Reports Revenue Growth Despite Asset Decline

MEDIROM Healthcare Technologies (MRM) has released an update.

MEDIROM Healthcare Technologies reported a total revenue increase to ¥3.48 billion for the first half of 2024, compared to ¥3.15 billion in the same period of 2023, driven primarily by growth in their directly-operated salons. However, their total assets decreased from ¥6.85 billion to ¥5.83 billion, resulting in a shareholders’ deficit of ¥364.3 million as of June 30, 2024. Investors should note the company’s financial strategy and potential impact on future stock performance.

For further insights into MRM stock, check out TipRanks’ Stock Analysis page.