| MEDICAL-CORPORATION-SHOBIKAI |
MEDICAL-CORPORATION-SHOBIKAI |
95%
|
the Company permits such independently operated clinics to use (i) the “Shonan Beauty Clinic” name and (ii) certain trade names associated with our clinic network, including those of Medical Corporat… |
| MEDICAL-CORPORATION-AIKEIKAI |
MEDICAL-CORPORATION-AIKEIKAI |
92%
|
the Company permits such independently operated clinics to use (i) the “Shonan Beauty Clinic” name and (ii) certain trade names associated with our clinic network, including those of Medical Corporat… |
| MEDICAL-CORPORATION-ASSOCIATION-FURINKAI |
MEDICAL-CORPORATION-ASSOCIATION-FURINKAI |
92%
|
Business Consignment Agreement for Management Consulting and Operational Support Services to Medical Corporation Association Furinkai |
| MEDICAL-CORPORATION-ASSOCIATION-JUNIKAI |
MEDICAL-CORPORATION-ASSOCIATION-JUNIKAI |
92%
|
Medical Corporation Association Junikai 433,711 1,594,926 |
| MEDICAL-CORPORATION-JUKEIKAI |
MEDICAL-CORPORATION-JUKEIKAI |
92%
|
Medical Corporation Jukeikai 100,808 140,170 |
| MEDICAL-CORPORATION-KOWAKAI |
MEDICAL-CORPORATION-KOWAKAI |
92%
|
the Company permits such independently operated clinics to use (i) the “Shonan Beauty Clinic” name and (ii) certain trade names associated with our clinic network, including those of Medical Corporat… |
| MEDICAL-CORPORATION-NASUKAI |
MEDICAL-CORPORATION-NASUKAI |
92%
|
the Company permits such independently operated clinics to use (i) the “Shonan Beauty Clinic” name and (ii) certain trade names associated with our clinic network, including those of Medical Corporat… |
| MEDICAL-CORPORATION-RITZ-COSMETIC-SURGERY |
MEDICAL-CORPORATION-RITZ-COSMETIC-SURGERY |
92%
|
Medical Corporation Ritz Cosmetic Surgery 64,569 45,701 |
| SBC-SHONAN-OSTEOPATHIC-CLINIC-INC |
SBC-SHONAN-OSTEOPATHIC-CLINIC-INC |
92%
|
SBC Shonan Osteopathic Clinic Inc. — 16,395 |
| GENERAL-INCORPORATED-ASSOCIATION-MIOTOKAI |
GENERAL-INCORPORATED-ASSOCIATION-MIOTOKAI |
90%
|
Following the acquisition of MB career lounge in July 2025, we entered into new service contracts for the first time with General Incorporated Association Miotokai |
| MEDICAL-CORPORATION-MISAKIKAI |
MEDICAL-CORPORATION-MISAKIKAI |
90%
|
Following the acquisition of MB career lounge in July 2025, we entered into new service contracts for the first time with Medical Corporation Misakikai |
| ASSOCIATION-JUNIKAI-MEDICAL-CORPORATION |
ASSOCIATION-JUNIKAI-MEDICAL-CORPORATION |
85%
|
financial performance of our franchisees and other alliance partners can negatively impact our business. As of December 31, 2025, our subsidiaries provide management services to clinics operated by t… |
| BLEZ-ASIA-CO-LTD |
BLEZ-ASIA-CO-LTD |
85%
|
In November 2025, we entered into a consulting agreement with BLEZ ASIA Co., Ltd., which operates more than 20 clinics and pharmacies in Thailand |
| L-ANGE-COSMETIQUE-CO-LTD |
L-ANGE-COSMETIQUE-CO-LTD |
85%
|
the Company permits such independently operated clinics to use (i) the “Shonan Beauty Clinic” name and (ii) certain trade names associated with our clinic network, including those of L’Ange Cosmetiqu… |
| MEDICAL-CORPORATION-ASSOCIATION-FURINKAI-MEDICAL |
MEDICAL-CORPORATION-ASSOCIATION-FURINKAI-MEDICAL |
85%
|
financial performance of our franchisees and other alliance partners can negatively impact our business. As of December 31, 2025, our subsidiaries provide management services to clinics operated by t… |
| INMD |
InMode Ltd. |
72%
|
eline of top-tier development opportunities. Upon selecting a new market, we typically manage the opening of one or two clinics to prove concept viability in that market. We have a remote management … |
| INMD |
InMode Ltd. |
72%
|
Reciprocal relationship from INMD graph: Reciprocal relationship from SBC graph: Reciprocal relationship from INMD graph: Reciprocal relationship from SBC graph: Reciprocal relationship from INMD gra… |
| IRIX |
IRIDEX Corporation |
72%
|
eline of top-tier development opportunities. Upon selecting a new market, we typically manage the opening of one or two clinics to prove concept viability in that market. We have a remote management … |
| IRIX |
IRIDEX Corporation |
72%
|
Reciprocal relationship from IRIX graph: Reciprocal relationship from SBC graph: eline of top-tier development opportunities. Upon selecting a new market, we typically manage the opening of one or tw… |
| MRM |
MEDIROM Healthcare Technologies Inc. |
72%
|
Reciprocal relationship from MRM graph: Reciprocal relationship from SBC graph: Reciprocal relationship from MRM graph: Reciprocal relationship from SBC graph: NOTE 15 — SHAREHOLDERS' EQUITY (cont.) … |
| MRM |
MEDIROM Healthcare Technologies Inc. |
72%
|
NOTE 15 — SHAREHOLDERS' EQUITY (cont.) Warrants The following table summarizes the stock option/warrant activities and related information for the three months ended March 31, 2026 and 2025: Number o… |
| NAME-LA-OWN |
NAME-LA-OWN |
72%
|
Advances from customers December 31( |
| ADVICE-INNOVATION-CO-LTD |
ADVICE-INNOVATION-CO-LTD |
62%
|
C exchanged their equity interests of Legacy SBC for equity interests of Pono. On September 17, 2024, in connection with the closing of the Business Combination, the Company received net cash of $ 11… |
| AESTHETIC-HEALTHCARE-HOLDINGS-PTE-LTD |
AESTHETIC-HEALTHCARE-HOLDINGS-PTE-LTD |
62%
|
in 2025. This increase was mainly due to higher revenue related to leasehold improvement services revenue as well as higher revenues from Aesthetic Healthcare Holdings Pte. Ltd. and its subsidiaries,… |
| AIKAWA-MEDICAL-MANAGEMENT-CO-LTD |
AIKAWA-MEDICAL-MANAGEMENT-CO-LTD |
62%
|
C exchanged their equity interests of Legacy SBC for equity interests of Pono. On September 17, 2024, in connection with the closing of the Business Combination, the Company received net cash of $ 11… |
| AI-MED-INC |
AI-MED-INC |
62%
|
t have any material impact on us as we are able to switch to other suppliers with comparable quality and prices. If these third parties experience shutdowns or continued business disruptions, our abi… |
| ALMA-LASERS-B-BRAUN-SE-CYNOSURE-LUTRONIC-EVOLUS- |
ALMA-LASERS-B-BRAUN-SE-CYNOSURE-LUTRONIC-EVOLUS- |
62%
|
eline of top-tier development opportunities. Upon selecting a new market, we typically manage the opening of one or two clinics to prove concept viability in that market. We have a remote management … |
| ANGE-COSMETIQUE-CO-LTD |
ANGE-COSMETIQUE-CO-LTD |
62%
|
C exchanged their equity interests of Legacy SBC for equity interests of Pono. On September 17, 2024, in connection with the closing of the Business Combination, the Company received net cash of $ 11… |
| CELL-PRO-JAPAN-CO-LTD |
CELL-PRO-JAPAN-CO-LTD |
62%
|
, 2024 SBC Irvine MC $ 2,762,999 $ 2,836,013 Less: allowance for credit loss (2,762,999 ) (2,836,013 ) Total $ — $ — Long-term investments in MCs December 31, 2025 December 31, 2024 Medical Corporati… |
| CO-LTD |
CO-LTD |
62%
|
quisition closing date of December 19, 2025, the operating results of Waqoo for the period subsequent to the acquisition date will be recorded in the Company's consolidated financial statements begin… |
