PACS: A Mature Market, with Further Adoption Potential for Cloud-Based Electronic Medical Records
First written in FY2019. 8 of 11 entries say "Worsened", first in FY2020-Q3. Latest entry: 2026-05-14.
ImageONE moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Worsened".
- 2026-05-14WorsenedEarnings
「Revenue declined because the decrease following the large electronic medical record project recorded in the same period of the previous year had an impact. In terms of earnings, we recorded a loss because we were unable to win highly profitable projects.」
The decline following a large electronic medical record project and the failure to win highly profitable projects worsened performance in the medical IT field. - FY2025-H1WorsenedAnnual report
「In the healthcare solutions business, new demand for the medical IT products the company has handled for some time has been trending downward, while a decline in sales due to the spread of COVID-19 has also affected performance.」
The continuing decline in new demand for medical IT products is explicitly identified as a factor giving rise to a material event related to the going concern assumption. - FY2024WorsenedAnnual report
「During the fiscal year, no large-scale projects like those obtained in the previous fiscal year arose, and maintenance revenue from various systems also declined. As a result, revenue and profit were both significantly below the previous fiscal year.」
The absence of large-scale projects and the decline in maintenance revenue caused revenue and profit in the medical systems field to fall significantly below the previous fiscal year. - FY2024-Q2WorsenedAnnual report
「During the current quarter, the company secured new orders for electronic medical records, but no large-scale projects like those obtained in the previous fiscal year arose, and maintenance revenue from various systems also declined. As a result, revenue and profit were both significantly below the level of the same period of the previous fiscal year.」
Although new orders for electronic medical records were secured, the absence of large-scale projects and a decline in maintenance revenue caused revenue and profit in the medical systems field to fall significantly below the same period of the previous fiscal year. - FY2023WorsenedAnnual report
「For the current consolidated fiscal year, the Healthcare Solutions business reported revenue of ¥1,341.545 million, down 51.5% year on year, and a segment loss of ¥265.188 million, compared with segment profit of ¥162.331 million in the previous fiscal year.」
The healthcare solutions business, which includes PACS and electronic medical records, continues to show room for adoption while revenue for the full fiscal year declined 51.5% and the business moved into a loss. - FY2022WorsenedAnnual report
「PACS (medical image management system) and i-HIS (cloud-based electronic medical records) in the Medical Systems business generated a certain level of sales, although they fell short of the budget for the consolidated fiscal year.」
Under the structural conditions of high adoption rates and replacement markets for PACS and i-HIS, both products fell short of their full-year budgets. - FY2020WorsenedAnnual report
「The segment's revenue decline and loss were attributable to the inability to conduct sales activities with medical institutions, its primary customers, due to the spread of COVID-19, as well as successive postponements of PACS replacement projects and freezes on negotiations for i-HIS, a cloud-based electronic medical records system. As a result, revenue declined 48.8% year on year.」
Multiple PACS replacement projects were postponed, and together with the suspension of sales activities with medical institutions, this resulted in a 48.8% decline in revenue in the healthcare solutions business. - FY2020-Q3WorsenedAnnual report
「The decline in revenue and loss in this segment were attributable to the postponement and other factors affecting multiple renewal projects for PACS, the main product, due to the impact of COVID-19, as well as higher fixed costs, including personnel expenses, resulting from upfront investment in the cloud-based electronic medical record system "i・His".」
The postponement of multiple PACS replacement projects became apparent as an impact of COVID-19, and the healthcare solutions business reported revenue of ¥380 million and a segment loss of ¥73 million. - FY2020-Q2Postponement of PACS replacement projects became apparentAnnual report
「PACS, the company's core medical imaging management system, has a high adoption rate and is in a replacement market, and the segment reported lower revenue and a loss. The revenue decline was attributable to the postponement of scheduled PACS replacement projects and other factors.」
In addition to the structural fact that PACS is a replacement market with a high adoption rate, the postponement of scheduled replacement projects was specifically cited as a cause of the revenue decline in the current quarter. - FY2020-Q1RestatedAnnual report
「The Vendor Neutral Archive (VNA) market is expanding, and product awareness is gradually increasing as a result of sales initiatives undertaken to date. However, the company's core medical imaging system products have a high adoption rate and are in a replacement market.」
While PACS and medical imaging systems are in a replacement market with high adoption rates, the company continues to cite expansion of the VNA market as part of its business environment. - FY2019First statedAnnual report
「The company is shifting its product strategy away from a PACS-focused sales model, where hospital adoption has already reached approximately 85% and price competition is severe, to include cloud-based electronic medical records and a nuclear medicine dose management system, while focusing on improving the profitability of its healthcare solutions business. In the cloud-based ordering and electronic medical records market, 63% of hospitals with fewer than 200 beds have not yet adopted such systems, leaving substantial room for growth.」
PACS is a replacement market with hospital adoption of approximately 85% and severe price competition, while 63% of hospitals with fewer than 200 beds have not yet adopted cloud-based electronic medical records.