Dependence on Prescription-Issuing Medical Institutions and Prescription Declines Driven by Competition
First written in FY2025. 2 of 3 entries say "Materialised", first in FY2026. Latest entry: 2026-08-10.
Miahelsa Holdings moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Materialised".
- 2026-08-10MaterialisedFinancial Results Presentation
「Large-hospital clinic-front pharmacies △4,247 prescriptions (impact of reverse referrals*)」
The number of prescriptions at clinic-front pharmacies declined year on year due to the impact of reverse referrals from large hospitals. Overall prescription volume increased, however, due to the increase in medical-mall pharmacies. - FY2026MaterialisedAnnual report
「Although the number of prescriptions handled by pharmacies located near hospitals declined due to reverse referrals by university hospitals, the increase in prescriptions resulting from the effect of new store openings led to a result exceeding that of the previous consolidated fiscal year.」
The company stated that the number of prescriptions handled by pharmacies located near hospitals actually declined due to reverse referrals by prescribing medical institutions. However, the effect of new store openings more than offset the decline, resulting in an overall increase in prescriptions. - FY2025First statedAnnual report
「Pharmaceutical business sales depend heavily on medical institutions that issue prescriptions, and trends at medical institutions with high prescription fulfillment rates, as well as their suspension or closure, could affect the group’s results.」
The company separately disclosed the risk that its high dependence on medical institutions issuing prescriptions, changes at or closures of medical institutions, and the opening of competing pharmacies could reduce customer numbers and results.