Latest news with #MRM
Yahoo
7 days ago
- Business
- Yahoo
MEDIROM Healthcare Technologies Inc (MRM) Q4 2024 Earnings Call Highlights: Strong Revenue ...
Total Revenue: Increased by 21.5% to JPY52.7 million. Cost of Revenue Ratio: Decreased from 77% in 2023 to 72.9% in 2024. SG&A Expenses: Increased by 14.3%. Net Income: Increased by 20.1% to JPY0.9 million. Cash Flow from Operating Activities: JPY8.5 million. Cash Flow from Investing Activities: JPY2.3 million. Cash Flow from Financing Activities: JPY7.6 million. Adjusted EBITDA: Improved to JPY2.7 million. Adjusted EBITDA Margin: Improved to 5%. Net Cash and Cash Equivalents: Increased by JPY1.4 million. Average Revenue per Customer: Grew by 3.9%. Number of Salon Locations: Increased to 60 from 38 in the previous year. Warning! GuruFocus has detected 7 Warning Signs with MRM. Release Date: May 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Total revenue increased by 21.5% due to higher sales of salons and outsourcing revenues. Net income rose by 20.1%, driven by gains from sales of loans and tax asset valuation allowances. Adjusted EBITDA improved to JPY2.7 million with a margin increase to 5%. Average revenue per customer grew by 3.9%, indicating enhanced customer engagement. Expansion in the digital preventive healthcare segment with the upgraded LAB application and Mother bracelet. Cost of revenue increased by 15.1% due to salon purchase-back transactions. SG&A expenses rose by 14.3%, attributed to higher professional fees and recruiting expenses. Impairment loss recorded due to expected salon closures in 2025. Increased reliance on short-term and long-term bank loans for financing activities. Potential risks associated with global expansion and franchising plans. Q: Can you provide an overview of Medirom's financial performance in 2024? A: Fumitoshi Fujiwara, Chief Financial Officer, reported that total revenue increased by 21.5% to JPY52.7 million, driven by increased sales of salons and store operations outsourcing revenues. The cost of revenue ratio decreased from 77% in 2023 to 72.9% in 2024. Net income rose by 20.1% to JPY0.9 million, primarily due to gains from sales of loans and tax asset valuation allowances. Q: What were the key drivers of cash flow in 2024? A: Cash flow from operating activities was JPY8.5 million, mainly due to decreased accrued expenses and reclassification of PCs. Cash flow from investing activities was JPY2.3 million, attributed to proceeds from salon sales. Cash flow from financing activities was JPY7.6 million, driven by proceeds from stock issuance and loans. Q: What are Medirom's strategic plans for 2025? A: The company plans to increase the number of salons, particularly those at spa facilities, and grow its digital preventive health segment. They aim to expand the user base for their LAB application and accelerate production of the Mother bracelet. Global expansion opportunities and cost-cutting measures at salons are also part of the strategy. Q: How does Medirom plan to enhance its digital preventive healthcare segment? A: Medirom intends to grow this segment by increasing the number of users accessing the specific health guidance program through their LAB application. They also plan to expand the billing user base for the app and accelerate production of the Mother bracelet for corporate clients. Q: What are the company's plans regarding global expansion? A: Medirom is considering global expansion opportunities, particularly through franchising or partnership options for its salon business and a B2B2C distribution model for the Mother bracelet. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
India Gazette
15-05-2025
- Politics
- India Gazette
India will avenge every conspiracy: Muslim Rashtriya Manch calls Operation Sindoor symbol of India's evolving military mindset
New Delhi [India], May 15 (ANI): The Muslim Rashtriya Manch (MRM) has stated that whether the enemy is across the border or hiding in a dark corner of social media, India is now prepared to respond decisively to every conspiracy. Congratulating the Indian Armed Forces and the government for the courageous success of the historic 'Operation Sindoor,' MRM called it a symbol of India's evolving military mindset and strategic policy. Following last week's terrorist attack in Pahalgam, Jammu & Kashmir, the Indian Army launched a retaliatory strike, destroying nine terrorist bases in Pakistan-occupied Kashmir and deep inside Pakistan. These were targeted through air strikes and drone attacks, killing over 100 terrorists. MRM hailed this as a strong example of India's zero-tolerance policy and a clear message that India will no longer remain silent. MRM emphasised that modern warfare is not confined to borders alone--it is also fought on digital and cyber platforms. Countries like Pakistan, China, and Turkey are trying to damage India's image through fake narratives and propaganda online. MRM specifically condemned the anti-India propaganda pushed by state-run media outlets like China's Global Times and Turkey's TRT World, and supported the Indian government's firm action against them. MRM referred to Prime Minister Narendra Modi's recent speech as a declaration of India's bold and new security doctrine. The Prime Minister made it clear that neither 'terror and talks' nor 'terror and trade' can go hand in hand anymore. MRM stated that this is a direct and firm message to Pakistan and its allies, China and Turkey--India will not just talk, it will respond, and in the same language. Commenting on Pakistan's internal crisis, MRM said, 'The country's crumbling economy and growing public unrest are eating it from within. Be it the Baloch Liberation Army's operation in Balochistan, the wave of rebellion in Khyber Pakhtunkhwa and Sindh, or the uprising in occupied Kashmir--every region is moving toward disintegration. Instead of conspiring against India, Pakistan should focus on addressing its own deepening internal issues.' The Manch appealed to Indian citizens to remain united and support the country's security policies. It reiterated that India's armed forces and leadership are fully capable of delivering a strong and fitting response to any attack--this, it said, is the new identity of India. (ANI)
India Gazette
14-05-2025
- Politics
- India Gazette
Bharat Yatra led by Muslim Rashtriya Manch reaches Srinagar, promoting peace and unity
Srinagar (Jammu and Kashmir) [India], May 14 (ANI): The Bharat Yatra, led by the Muslim Rashtriya Manch (MRM) and Abu Bakr Naqvi, National Convenor of MRM, reached Srinagar today. Romesh Khajuria, Member of the National Working Committee of MRM, also joined the Yatra. The Yatra, is aimed at promoting peace and unity, ended at Ghanta Ghar (Click Tower) in Lal Chowk, Srinagar. The Yatra was flagged off by Indresh Kumar, Patron of the Muslim Rashtriya Manch, from Motiya Khan, New Delhi. The goal of the Yatra is to promote a peaceful and united India. 'The incident in Pahalgam was truly shocking for the entire world. I believe this is the first time such an atrocity has occurred. In the name of religion, terrorism struck, with terrorists attacking our brothers based on their names and religions. This has left 140 crore Indians deeply upset. In the wake of this, every Indian citizen desired action against Pakistan. They attacked our brothers because of their identities. The world mourned this tragedy. I want to thank our Prime Minister, Narendra Modi, for listening to the voice of the people and taking decisive action against Pakistan. Indians were proud of the government they chose. The Indian Army has done an exemplary job and delivered a strong lesson to Pakistan. We extend our heartfelt gratitude to the Indian Army for their bravery and commitment,' stated Abu Bakr Naqvi, National Convenor of MRM during the media interaction. India launched Operation Sindoor on May 7 as a decisive military response to the April 22 Pahalgam terror attack in which 26 people were killed. Indian Armed Forces targeted terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir, leading to the death of over 100 terrorists affiliated with terror outfits like the Jaish-e-Mohammed, Lashkar-e-Taiba and Hizbul Mujahideen. After the attack, Pakistan retaliated with cross-border shelling across the Line of Control and Jammu and Kashmir as well as attempted drone attacks along the border regions, following which India launched a coordinated attack and damaged radar infrastructure, communication centres and airfields across 11 airbases in Pakistan. After this, on May 10, an understanding of the cessation of hostilities between India and Pakistan was announced. India launched Operation Sindoor on May 7 as a decisive military response to the April 22 Pahalgam terror attack in which 26 people were killed. Indian Armed Forces targeted terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir, leading to the death of over 100 terrorists affiliated with terror outfits like the Jaish-e-Mohammed, Lashkar-e-Taiba and Hizbul Mujahideen. After the attack, Pakistan retaliated with cross-border shelling across the Line of Control and Jammu and Kashmir as well as attempted drone attacks along the border regions, following which India launched a coordinated attack and damaged radar infrastructure, communication centres and airfields across 11 airbases in Pakistan. After this, on May 10, an understanding of the cessation of hostilities between India and Pakistan was announced. (ANI)
Malay Mail
24-04-2025
- Business
- Malay Mail
Malaysia, Japan sign agreement to drive design industry in Asean
KUALA LUMPUR, April 24 — The Malaysian Design Council (MRM) signed a trilateral cooperation agreement with the Asean-Japan Centre (AJC) and Japan Institute of Design Promotion (JDP) to pave the way for efforts to strengthen design excellence in Malaysia, Japan and the entire Asean region. The agreement through a Letter of Intent (LOI) at the Asean Hall, Tokyo Japan was signed by MRM director Amirul Fadhli Che Ismail, AJC secretary-general Kunihiko Chris Hirabayashi, and JDP president and chief executive officer Hiroyuki Fukano. Amirul Fadhli, representing MRM and Malaysia, said the agreement provides a strong framework for joint efforts in design education, innovation and exhibition organisation, fostering creative exchanges and economic opportunities. 'This is an important step to increase Malaysia's participation in regional design initiatives and strengthen ties among the Asean and Japanese design communities,' he said in a statement yesterday. In the same statement, MRM said it has officially invited AJC and JDP to be strategic partners for the KL Design Summit 2025 — Asean Edition, to be held in Kuala Lumpur in December. The summit, supported by the Ministry of Investment, Trade and Industry, is expected to be the largest design event in the region, focusing on Industrial Design, Fashion and Multimedia. 'This initiative is also among MRM's efforts in supporting Malaysia's Asean Chairmanship for 2025, by highlighting the role of design as a driver of regional cooperation and innovation,' according to the statement. — Bernama
The Sun
23-04-2025
- Business
- The Sun
Malaysia, Japan ink ASEAN creative industry pact
KUALA LUMPUR: The Malaysian Design Council (MRM) signed a trilaterial cooperation agreement with the ASEAN-Japan Centre (AJC) and Japan Institute of Design Promotion (JDP) to pave the way for efforts to strengthen design excellence in Malaysia, Japan and the entire ASEAN region. The agreement through a Letter of Intent (LOI) at the ASEAN Hall, Tokyo Japan was signed by MRM director Amirul Fadhli Che Ismail, AJC secretary-general Dr Kunihiko Chris Hirabayash, and JDP president and chief executive officer Hiroyuki Fukano. Amirul Fadhli, representing MRM and Malaysia, said the agreement provides a strong framework for joint efforts in design education, innovation and exhibition organisation, fostering creative exchanges and economic opportunities. 'This is an important step to increase Malaysia's participation in regional design initiatives and strengthen ties among the ASEAN and Japanese design communities,' he said in a statement today. In the same statement, MRM said it has officially invited AJC and JDP to be strategic partners for the KL Design Summit 2025 – ASEAN Edition, to be held in Kuala Lumpur in December. The summit, supported by the Ministry of Investment, Trade and Industry, is expected to be the largest design event in the region, focusing on Industrial Design, Fashion and Multimedia. 'This initiative is also among MRM's efforts in supporting Malaysia's ASEAN Chairmanship for 2025, by highlighting the role of design as a driver of regional cooperation and innovation,' according to the statement.
