TOKYO, Oct. 8, 2024 (GLOBE NEWSWIRE) — Reed Real Estate Co., Ltd. (NASDAQ: LRE) (“LRE” or the “Company”) is a Japanese real estate developer of luxury residential real estate, including single bed is. MEDIROM Mother Lab Co., Ltd. (hereinafter referred to as “Mother Lab”), a subsidiary of MEDIROM Healthcare Technologies Co., Ltd. (NASDAQ: MRM), which operates a health tech business, operates family housing and condominiums in Tokyo, Kanagawa Prefecture, and Sapporo City. We announced today our partnership.
Background of the business alliance
LRE develops and operates the ENT TERRACE brand, an extended-stay hotel that provides a personalized, home-like experience tailored to each guest, based on the concept of “staying as if you were living there.”
According to a report by the Japan National Tourism Organization1, Japan's tourism industry is accelerating due in part to the weak yen, and the number of tourists from overseas is increasing. Compared to June 2023, the number of foreign tourists visiting Japan in June 2024 increased by 51.2% year-on-year, and increased by 8.9% compared to pre-pandemic June 2019, reaching a record high in June 2024. It reached approximately 3.13 million people. To cater to this growing market, LRE has provided uniquely Japanese experiences and services to guests at ENT TERRACE hotels.
MOTHER Labs is focusing on the development and sales of MOTHER Bracelet®, a fitness tracker that uses body heat to generate electricity and does not require charging, using innovative technologies such as Gemini TEG (thermoelectric generator) and Mercury Boost Converter. Masu. MRM's product line also includes MOTHER Bracelet® and other fitness apps and wellness products that sync with its technology platform to enable a health management experience. Through its retail salon brands, including Re.Ra.Ku®, MRM has established a growing healthtech space aimed at improving customer health outcomes and satisfaction.
The collaboration between LRE and MOTHER Labs is built on a shared mission: “Creating inspiring cycles of happiness through business.” Through this business partnership, the MOTHER Bracelet® will be gradually introduced to all ENT TERRACE hotels. Guests can easily visualize their health status by using the MOTHER Bracelet®, a stress-free device that is lightweight, requires no charging, and can be worn after taking a bath. By incorporating MOTHER Bracelet® and its functions, we aim to provide future customers with a “cycle of happiness'' that connects them with compassion.
It is scheduled to be introduced at ENT TERRACE ASAKUSA and ENT TERRACE AKIHABARA in Tokyo from November 2024.
Mother Bracelet®, a smart tracker that does not require charging
mother bracelet
MOTHER Bracelet® is the world's first activity tracker that does not require charging 24 hours a day, 365 days a year. 2 Equipped with cutting-edge technology from Silicon Valley in the United States, it generates electricity using the temperature difference between body temperature and body temperature. Outside temperature. Since charging is not required, there is no downtime (time when data cannot be acquired due to charging). Track five essential healthcare data metrics with this one device: steps, sleep, calories burned, heart rate, and body surface temperature. Official website: https://mother-bracelet.com/.
1. https://www.jnto.go.jp/statistics/data/20240719_monthly.pdf
2. The intellectual property rights of the activity meter that uses the Seebeck effect and does not require charging have been confirmed by WPO, PATENTSCOPE, Science and Technology Center, J-GLOBAL, J-PlatPat, etc. (July 3, 2021 ESP Research 4860-4260-6052, v. 2
About Reed Real Estate Co., Ltd.
Reed Real Estate Co., Ltd. is a Japanese developer that develops luxury residential properties such as detached houses and condominiums in Tokyo, Kanagawa Prefecture, and Sapporo City. In addition, the Company operates hotels in Tokyo and rents apartment building units to private customers in Japan and Dallas, Texas.
Our mission is to serve our customers by providing stylish, safe, and luxurious living. Our vision is to take a kaizen (continuous improvement) approach to improve our operations and build nationally recognized, award-winning luxury homes and a strong presence in the luxury residential real estate markets of Tokyo, Kanagawa Prefecture, and Sapporo. It's about leveraging your market position. We will build a global trading platform that allows access not only to top-notch condominiums in Japan, but also condominiums in overseas countries such as the United States and Hong Kong.
For more information, please visit our website https://www.lead-real.co.jp/.
About “ENT Terrace”
The “ENT TERRACE” series is a long-stay hotel brand operated by Reed Real Estate Co., Ltd. In 2024, ENT TERRACE AKIHABARA received a 9.5 out of 10 customer rating on Booking.com, received the Traveler Review Award, and all of our properties are certified as Airbnb Superhosts. We will continue to develop hotels with the aim of ensuring privacy, reducing the burden of long-term stays, and providing a space where guests can feel at home and relax.
Learn more at https://ent-terrace.com/ and follow us on Instagram, Facebook, and X.
About Medirom Mother Lab Co., Ltd.
MEDIROM MOTHER Labs Inc. is a subsidiary of MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) focused on health technology. Its main businesses are the development and sale of the “Specific Health Guidance Program'' through the health app “Lav,'' and the “MOTHER Bracelet,'' a smart tracker that does not require charging 24 hours a day, 365 days a year. MOTHER Labs leverages the features of the MOTHER bracelet, which does not require charging, to provide customizable health management solutions in various fields such as nursing care, logistics, and manufacturing.
For more information about Medirom Mother Lab Co., Ltd., please visit https://medirom.co.jp/.
Forward-looking statements
Statements in this press release regarding future expectations, plans and prospects, and other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. There is. “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “could” The words “anticipate,” “anticipate,” “should,” “goal,” “will,” “will” and similar expressions are intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated in such forward-looking statements as a result of a variety of important factors, including: U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date of this press release, and the Company does not warrant any forward-looking statements, whether as a result of new information, future events or otherwise. We specifically disclaim any obligation to update the.
Reed Real Estate Co., Ltd. Contact information:
For media and investor relations
Daisuke Takahashi
CFO
Reed Real Estate Co., Ltd.
d-takabashi@lead-real.co.jp
+81 3-5784-5127
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