Medirom Healthcare Technologies Inc.

Medirom Healthcare Technologies Inc. announced it received a notice from Nasdaq on May 26, 2026, indicating non-compliance with Listing Rule 5250(c)(1). This is due to the company's failure to timely file its Form 20-F for the fiscal year ended December 31, 2025. The company has 60 calendar days, until July 27, 2026, to submit a plan to regain compliance, with a potential extension of up to 180 days until November 11, 2026. The notice does not immediately affect the trading of its shares, and the company plans to file the Form 20-F or submit a compliance plan by the deadline.

Medirom Healthcare Technologies Inc. reported its Q1 2026 business performance, highlighting a 7.7% YoY increase in salon Average Revenue Per Customer to 7,822 JPY, significantly above the industry average. Despite a 13.9% YoY decline in total salon customers, the company's repeat ratio improved to 78.0%. Medirom also advanced its hybrid staffing model, with independent contractors making up 45.1% of therapists, and continued its World ID partnership, achieving 10,552 new verifications in the quarter. The HealthTech Lav® business expanded its reach to 106 insurers and served 13,226 cumulative users, leveraging synergies with its salon therapists.

Medirom Healthcare Technologies Inc. reported its Q1 2026 results, showing a 7.7% year-over-year increase in Average Revenue Per Customer to 7,822 JPY in its salon business, alongside an improved repeat ratio. However, the number of salons and total customers decreased. The company continued its strategic shift to a hybrid staffing model, with independent contractors comprising 45.1% of therapists. Its World ID partnership with Tools for Humanity resulted in approximately 31,000 total verifications, and the HealthTech business expanded to 106 health insurance providers with 13,226 cumulative users.