Medirom Healthcare Shares Rise After Investment, Partnership With Elematec

MT Newswires Live

2024/10/16

Medirom Healthcare Technologies' (MRM) shares jumped 27% in recent trading Tuesday after the company said Elematec, a Toyota Tsusho group member, agreed to make an investment in its unit Medirom Mother Labs.

Elematec is participating in Medirom Mother Labs' series A round with pre-money valuation at 9 billion yen ($60 million), Medirom Healthcare said.

Medirom will also be able to leverage Elematec's parts procurement and manufacturing services and its network of business partners.

Price: 3.35, Change: +0.71, Percent Change: +26.93

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