Medirom Healthcare subsidiary formed capital, business alliance with Elematec

MEDIROM Healthcare Technologies announces that its subsidiary MEDIROM MOTHER Labs has formed a capital and business alliance with Elematec Corporation, a member of the Toyota Tsusho Corporation group. Under the capital and business alliance agreement, Elematec Corporation has agreed to make a strategic investment in MEDIROM MOTHER Labs’ Series A round at a pre-money valuation of 9 billion yen.