Utilization Risk from Branch Clinic Expansion and Capital Investment in the Medical and Aesthetic Services Business
First written in FY2019. 2 of 6 entries say "Materialised", first in FY2024-Q3. Latest entry: 2026-08-07.
Ips moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- 2026-08-07MitigatedEarnings
「The business as a whole recorded higher sales and became profitable.」
The medical and healthcare business improved from a segment loss in the year-earlier quarter to a segment profit of ¥31 million in the current quarter, indicating improved earnings generation. - FY2026Monthly profitability achieved; annual profitability not achievedAnnual report
「Although profitability was achieved in the fourth quarter of 2025, profitability for the full year was not achieved.」
It was made clear that, although the comprehensive medical checkup and health screening centers achieved profitability in the fourth quarter of 2025, they did not achieve profitability for the full year, leaving utilization and earnings-generation risks associated with upfront capital expenditure. - 2026-05-08MitigatedEarnings forecast revision
「The number of visits by users increased steadily, and we achieved the target of monthly profitability in the second half of 2025. The business as a whole recorded higher sales and became profitable.」
The company reported monthly profitability at the health screening center and profitability for the medical and healthcare business as a whole. - FY2025MaterialisedAnnual report
「At SHSC's health screening center and comprehensive medical checkup facility, SDPCC, the impact of depreciation and amortization expenses for advanced medical equipment such as CT scanners and MRI systems will continue. However, SHSC is working to promote regular corporate health screenings and continued individual use through the provision of advanced image diagnostics based on Japanese standards. The number of patients visiting the facility has been steadily increasing, and SHSC will continue activities to raise health and preventive healthcare awareness in the Philippines.」
The medical and healthcare business reported a segment loss of ¥84 million, as depreciation and amortization expenses for CT scanners, MRI systems and other equipment continued as a result of upfront investments in the comprehensive medical checkup and health screening centers. - FY2024-Q3MaterialisedAnnual report
「Awareness of preventive healthcare is low in the Philippines, and it is necessary to raise awareness of its importance among the Filipino people. We were also affected by increased depreciation and amortization expenses resulting from upfront investments in CT scanners, MRI systems and other equipment for operating health screening centers.」
The low level of awareness of preventive healthcare and the need to promote it, together with the impact of increased depreciation and amortization expenses from upfront investments in CT scanners, MRI systems and other equipment, were cited as actual factors affecting the performance of the medical and healthcare business. - FY2019First statedAnnual report
「In our medical and beauty businesses, our group plans to continue opening branch clinics in the Philippines.」
A new risk was disclosed that, while branch clinics are being opened and medical equipment investments are being made at existing clinics, lower-than-expected customer numbers or patient visits could result in lower utilization and losses.