Without GAAP financials or guidance, the stock is likely to trade on the declining customer and salon trends. Monitor for the full 10-Q filing to assess revenue and profitability impact.
Price Chart
Executive Summary
MEDIROM reported Q1 2026 operational KPIs showing continued salon count decline (-21 salons YoY to 287) and a 13.9% drop in total customers, partially offset by a 7.7% increase in average revenue per customer to ¥7,822. The company highlighted progress in its hybrid staffing model (45.1% independent contractors) and World ID verifications (31,000 cumulative), but the filing lacks GAAP financials, revenue, EPS, or guidance, making the earnings impact unquantifiable.
Key Facts
- Salon count declined 21 year-over-year to 287 as of Q1 2026.
- Total customers fell 13.9% YoY to 192,000.
- Average revenue per customer rose 7.7% YoY to ¥7,822.
- Independent contractors made up 45.1% of therapists, up from 29.8% a year ago.
- World ID cumulative verifications reached approximately 31,000 as of Q1 2026.
- HealthTech division serves 106 insurers with 13,226 cumulative users.
- No GAAP financials (revenue, net income, EPS) or guidance were provided in the release.
Financial Impact
No revenue, EPS, or cash flow figures disclosed. Key operational metrics show declining customer base offset by higher per-customer spend.
Risk Factors
- Continued salon closures and customer attrition may pressure top-line revenue.
- World ID verification growth slowed in Q1 (10,552 new verifications vs 13,873 in Q4 2025).
- No financial guidance provided increases uncertainty around near-term performance.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3303341 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | 6-K | $0.3359 | awaiting T+20 | — | $0.3681 (−9.59%) |
Aug 7, 2026 11w ago | 6-K | $0.9600 $0.9200 | ▲ +4.17% | ▲ +3.77% | $0.3681 (+61.66%) |
Jun 25, 2026 17w ago | 6-K | $0.9970 $1.00 | ▲ +0.30% | ▼ −0.96% | $0.3681 (−63.08%) |
May 29, 2026 21w ago | 6-K | $1.11 $1.03 | ▲ +7.21% | ▲ +5.91% | $0.3681 (+66.84%) |
May 28, 2026 21w ago | Press Release | $1.14 $1.00 | ▼ −12.28% | ▼ −10.49% | $0.3681 (−67.71%) |
May 28, 2026 21w ago | 6-K | $1.14 $1.00 | ▲ +12.28% | ▲ +10.49% | $0.3681 (+67.71%) |
US Market Status
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