MEDIROM Healthcare Technologies Inc. announced that MEDIROM has signed a Memorandum of Understanding (the “MOU”) with Juju Holdings Kabushiki Kaisha (“Juju Holdings”), an operator of home-based nursing care facilities in Japan, to form a business alliance to jointly develop a centralized management system utilizing the Company’s MOTHER Bracelet™ (formerly known as MOTHER Tracker® and hereinafter referred as “MOTHER Bracelet™”), an activity tracker, in nursing facilities. The MOU provides a general foundation for the joint development of a central management system to allow Juju Holdings’ staff to monitor the physical conditions, including certain vital health data, of residents through the use of MOTHER Bracelet™. The centralized management system is intended to immediately notify nursing home facility management staff and family members of sudden changes in a resident’s physical condition. Once this system has been developed, tested and established, it is intended for Juju Holdings to act as a sales agent and market MOTHER Bracelet™, together with the centralized management system, to other nursing facilities in the industry.