The leading medical relaxation service providers in Japan because, while the medical and relaxation business is a fragmented market in Japan, there are five key companies in this industry, which are Medirom, Genki-Dou, HoneGori, K’s Group and our Company. These five entities, including our Company, operate their salons across Japan, with sales revenue typically ranging from US$10 million to $50 million. We believe that we are considered to be one of the key companies in this industry because we have been increasing our footprint and revenue comparable to our key competitors. In order to increase our footprint, we expanded our operations outside of the Tokyo metropolitan area into the central, northern, and western regions of Japan. The number of our salons in the non-Tokyo metropolitan area has grown to 12, accounting for almost one-third of our total salons.
