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Results presentation9158CUC Inc.Information and Communications, Services and Others

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027

Revenue for the first half increased 9.3% year on year, while EBITDA and operating profit declined due to lower hospice fees following the revision of medical service fees and upfront investment. The company explained that revenue is running below the full-year plan, but profit is broadly in line with the plan because of cost controls.

Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
9.3
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Results presentationSecond quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥28,735 million+9.3%
Operating profit¥947 million-44.7%
Net income¥-101 million
Results for the three months of the current quarter
Revenue
¥14,576 million
EBITDA
¥1,896 million
Full-year earnings forecast
Revenue
¥64,600 million
EBITDA
¥9,700 million
Operating profit
¥3,800 million
Profit for the period attributable to owners of the parent
¥1,100 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Revenue44.5% (consolidated), medical institutions 45.9%, domestic 51.3%, overseas 40.2%, hospice 42.1%, home-visit nursing care 48.4%, medical care residences 46.5%
EBITDA32.2% (consolidated), medical institutions 43.1%, domestic 57.1%, hospice 24.8%, home-visit nursing care 38.5%, medical care residences 31.7%
Operating profit24.9% (consolidated), medical institutions 55.2%, domestic 58.3%, home-visit nursing care 42.2%
Profit for the period attributable to owners of the parentProgress rate not stated
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue is below plan, but profit is broadly in line with plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue, YoY
Medical institutions in Japan288
Medical institutions overseas22
Hospice675
Home-Visit Nursing61
Medical Care Residences589
Other and adjustments57
EBITDA, YoY
Medical institutions in Japan288
Medical institutions overseas-344
Hospice-164
Home-Visit Nursing-224
Medical Care Residences111
Other and adjustments-47
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Fiscal year ending March 2027 forecast exchange rateApproximately ¥155 to the U.S. dollar (average for the period)
Fiscal year ending March 2027, Q2 actual exchange rateApproximately ¥159 to the U.S. dollar (average for the period)
New initiatives
  • Strategic partnership with RSCM, Indonesia's largest national hospital, in the field of ophthalmology
  • Launch of the AI management support service “Mirucoms” for home-visit nursing care providers
  • Execution of an agreement to tender shares and sell them in HYUGA PRIMARY CARE株式会社's tender offer for its own shares
Key KPIsA metric the company considers important as a management benchmark.
  • Number of major domestic support locations171 Location
    Year on year against the same period last year162 locations in the same period of the previous year
  • Number of U.S. locations42 Location
    Year on year against the same period last year34 locations in the same period of the previous year
  • Number of U.S. patients65,326 people
    Year on year against the same period last year69,695 people in the same period of the previous year
  • Number of hospice facilities68 Facility
    Year on year against the same period last year54 facilities in the same period of the previous year
  • Number of home-visit nursing users15,866 people
    Year on year against the same period last year15,012 people in the same period of the previous year
  • Total home-visit nursing care hours342 Thousand hours
    Year on year against the same period last year324 thousand hours in the same period of the previous year
  • Medical Care Residence occupancy rate76.1 %
    Year on year against the same period last year77.3% in the same period of the previous year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
United States
Number of patients65,326 People, yen
Revenue per patient31,715 People, yen
Hospice
Annual revenue per resident¥7.3 million
Medical Care Residences
Annual revenue per resident¥5 million
Segment results
Medical institutions
Revenue
¥9,544 million+16.0%
EBITDA
¥1,744 million-3.8%
Hospice
Revenue
¥8,644 million+8.9%
EBITDA
¥607 million-25.1%
Home-Visit Nursing
Revenue
¥6,732 million+3.3%
EBITDA
¥597 million-31.4%
Medical Care Residences
Revenue
¥3,880 million+7.2%
EBITDA
¥681 million+19.4%
Number of stores and locations
Number of key locations supporting medical institutions in Japan171
Number of U.S. medical institution locations42
Number of hospice facilities68
Home-visit nursing location count102
Medical care residence facility count27
Number of store openings and closures during the periodHome-visit nursing care opened 7 new locations in Q1 of the fiscal year ending March 2027. Hospice increased by 14 facilities year on year. Other openings and closures: Not disclosed
Contents of this document
ItemDetails
Document typeResults presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥28,735 million (YoY +9.3%)
Operating profit¥947 million (YoY -44.7%)
Net income¥-101 million
Results for the three months of the current quarterRevenue ¥14,576 million / EBITDA ¥1,896 million
Full-year earnings forecastRevenue ¥64,600 million / EBITDA ¥9,700 million / Operating profit ¥3,800 million / Profit for the period attributable to owners of the parent ¥1,100 million
Progress against full-year forecastRevenue 44.5% (consolidated), medical institutions 45.9%, domestic 51.3%, overseas 40.2%, hospice 42.1%, home-visit nursing care 48.4%, medical care residences 46.5% / EBITDA 32.2% (consolidated), medical institutions 43.1%, domestic 57.1%, hospice 24.8%, home-visit nursing care 38.5%, medical care residences 31.7% / Operating profit 24.9% (consolidated), medical institutions 55.2%, domestic 58.3%, home-visit nursing care 42.2% / Profit for the period attributable to owners of the parent Progress rate not stated
Self-assessment against the planRevenue is below plan, but profit is broadly in line with plan
Segment resultsMedical institutions Revenue ¥9,544 million (YoY +16.0%) / EBITDA ¥1,744 million (YoY -3.8%) / Hospice Revenue ¥8,644 million (YoY +8.9%) / EBITDA ¥607 million (YoY -25.1%) / Home-Visit Nursing Revenue ¥6,732 million (YoY +3.3%) / EBITDA ¥597 million (YoY -31.4%) / Medical Care Residences Revenue ¥3,880 million (YoY +7.2%) / EBITDA ¥681 million (YoY +19.4%)
Breakdown of Factors Affecting the ChangeRevenue, YoY Medical institutions in Japan 288 / Medical institutions overseas 22 / Hospice 675 / Home-Visit Nursing 61 / Medical Care Residences 589 / Other and adjustments 57 / EBITDA, YoY Medical institutions in Japan 288 / Medical institutions overseas -344 / Hospice -164 / Home-Visit Nursing -224 / Medical Care Residences 111 / Other and adjustments -47
Key KPIsIndicator name Number of major domestic support locations / Value 171 Location / Year on year against the same period last year 162 locations in the same period of the previous year, Indicator name Number of U.S. locations / Value 42 Location / Year on year against the same period last year 34 locations in the same period of the previous year, Indicator name Number of U.S. patients / Value 65,326 people / Year on year against the same period last year 69,695 people in the same period of the previous year, Indicator name Number of hospice facilities / Value 68 Facility / Year on year against the same period last year 54 facilities in the same period of the previous year, Indicator name Number of home-visit nursing users / Value 15,866 people / Year on year against the same period last year 15,012 people in the same period of the previous year, Indicator name Total home-visit nursing care hours / Value 342 Thousand hours / Year on year against the same period last year 324 thousand hours in the same period of the previous year, Indicator name Medical Care Residence occupancy rate / Value 76.1 % / Year on year against the same period last year 77.3% in the same period of the previous year
Unit price and quantity metricsUnited States Number of patients 65,326 People, yen / Revenue per patient 31,715 People, yen / Hospice Annual revenue per resident ¥7.3 million / Medical Care Residences Annual revenue per resident ¥5 million
Number of stores and locationsNumber of key locations supporting medical institutions in Japan 171 / Number of U.S. medical institution locations 42 / Number of hospice facilities 68 / Home-visit nursing location count 102 / Medical care residence facility count 27 / Number of store openings and closures during the period Home-visit nursing care opened 7 new locations in Q1 of the fiscal year ending March 2027. Hospice increased by 14 facilities year on year. Other openings and closures: Not disclosed
Assumptions Underlying the Business OutlookFiscal year ending March 2027 forecast exchange rate Approximately ¥155 to the U.S. dollar (average for the period) / Fiscal year ending March 2027, Q2 actual exchange rate Approximately ¥159 to the U.S. dollar (average for the period)
New initiativesStrategic partnership with RSCM, Indonesia's largest national hospital, in the field of ophthalmology, Launch of the AI management support service “Mirucoms” for home-visit nursing care providers, Execution of an agreement to tender shares and sell them in HYUGA PRIMARY CARE株式会社's tender offer for its own shares
Items this document does not state (15)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue was driven by an increase in the number of major domestic medical institution support locations, improved utilization at new hospice facilities and an increase in users resulting from additional staff in home-visit nursing care. On the other hand, profit was reduced by lower hospice fees following the revision of medical service fees, upfront investment in the U.S. OBL business, and initial losses associated with the early hiring of staff for home-visit nursing care and the opening of 7 new locations.

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Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027 | CUC Inc. (9158) timely disclosure | Komori