Medical System Network Co., Ltd. logo

Medical System Network Co., Ltd.

4350.T

JPXHealthcareMedical - Pharmaceuticals

Latest quote

¥494

+¥7.00 · +1.44%

Aug 25, 10:34 AM JST

4350.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Headquartered in Sapporo, Japan, and established in 1999, Medical System Network Co., Ltd. functions as a comprehensive provider within the healthcare industry. Its core business involves the distribution of pharmaceutical products to a diverse range of clients, including pharmacies, hospitals, clinics, and drug wholesalers. The company's operations are divided into several key segments. The Community Pharmacy Network division primarily facilitates the procurement and sale of pharmaceuticals among pharmacies, hospitals, clinics, and wholesale distributors. This segment also delivers crucial inventory management and liquidation services, manufactures and markets its own pharmaceutical offerings, and handles price negotiations with suppliers. Furthermore, it maintains a specialized platform designed to assist with pharmacy transitions. Within the Leasing and Facility-related segment, Medical System Network provides building rental services, develops optimal locations for new pharmacies, and offers consulting expertise to medical practitioners. The Meal Catering segment is responsible for delivering food services to hospitals and various welfare facilities. Beyond these primary areas, the company also offers nursing care and specialized advisory counseling services tailored for the medical treatment sector.

Industry
Medical - Pharmaceuticals
Sector
Healthcare
Headquarters
JP
CEO
Inao Tajiri
Listed since
Sep 5, 2008
Employees
4,014

Market position

Day range

Current ¥494

52-week range

Current ¥494

Open
¥488
Previous close
¥487
Volume
120.1K
1.53× average
Average volume
78.65K
Average daily volume
Market cap
14.44B JPY
Beta
0.51
Market reference 1
50-day average
¥481.3
+2.64% above average
200-day average
¥506.1
-2.39% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
16.63×
P/B (TTM)
0.85×
P/S (TTM)
0.11×
Dividend yield
2.43%

Profitability & efficiency

Gross margin
40.25%
Operating margin
2.23%
Net margin
0.65%

Financial health

Debt / equity
1.79×
Altman Z-score
2.14
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends46%30%13%-3%Gross margin, FY2021: 41.65%Gross margin, FY2022: 41.92%Gross margin, FY2023: 41.54%Gross margin, FY2024: 40.53%Gross margin, FY2025: 39.92%Operating margin, FY2021: 3.61%Operating margin, FY2022: 2.89%Operating margin, FY2023: 3.32%Operating margin, FY2024: 2.58%Operating margin, FY2025: 2.51%Net margin, FY2021: 2.24%Net margin, FY2022: 1.47%Net margin, FY2023: 1.61%Net margin, FY2024: 1.03%Net margin, FY2025: 0.81%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.65%. Gross margin FY2022 41.92%. Gross margin FY2023 41.54%. Gross margin FY2024 40.53%. Gross margin FY2025 39.92%. Operating margin FY2021 3.61%. Operating margin FY2022 2.89%. Operating margin FY2023 3.32%. Operating margin FY2024 2.58%. Operating margin FY2025 2.51%. Net margin FY2021 2.24%. Net margin FY2022 1.47%. Net margin FY2023 1.61%. Net margin FY2024 1.03%. Net margin FY2025 0.81%.

Income trends

Revenue

132.19B JPY+8.01%

Operating income

3.31B JPY+5.07%

Net income

1.07B JPY-15.20%
Income trends across reported periods145.3B JPY92.85B JPY40.41B JPY−12.04B JPYRevenue, FY2021: 106.69B JPYRevenue, FY2022: 109.55B JPYRevenue, FY2023: 115.36B JPYRevenue, FY2024: 122.39B JPYRevenue, FY2025: 132.19B JPYOperating income, FY2021: 3.85B JPYOperating income, FY2022: 3.16B JPYOperating income, FY2023: 3.83B JPYOperating income, FY2024: 3.15B JPYOperating income, FY2025: 3.31B JPYNet income, FY2021: 2.39B JPYNet income, FY2022: 1.61B JPYNet income, FY2023: 1.86B JPYNet income, FY2024: 1.26B JPYNet income, FY2025: 1.07B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 106.69B JPY. Revenue FY2022 109.55B JPY. Revenue FY2023 115.36B JPY. Revenue FY2024 122.39B JPY. Revenue FY2025 132.19B JPY. Operating income FY2021 3.85B JPY. Operating income FY2022 3.16B JPY. Operating income FY2023 3.83B JPY. Operating income FY2024 3.15B JPY. Operating income FY2025 3.31B JPY. Net income FY2021 2.39B JPY. Net income FY2022 1.61B JPY. Net income FY2023 1.86B JPY. Net income FY2024 1.26B JPY. Net income FY2025 1.07B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue132.19B JPY122.39B JPY115.36B JPY109.55B JPY106.69B JPY
Cost of goods sold79.42B JPY72.78B JPY67.44B JPY63.63B JPY62.26B JPY
Gross profit52.77B JPY49.6B JPY47.93B JPY45.92B JPY44.43B JPY
Selling, general, and administrative49.45B JPY46.45B JPY37.45B JPY36.51B JPY34.51B JPY
Operating expenses49.45B JPY46.45B JPY44.09B JPY42.76B JPY40.58B JPY
Interest income9M JPY3M JPY1M JPY2M JPY1M JPY
Interest expense343M JPY278M JPY288M JPY277M JPY183M JPY
Depreciation and amortization3.42B JPY3.41B JPY3.16B JPY2.96B JPY2.86B JPY
Operating income3.31B JPY3.15B JPY3.83B JPY3.16B JPY3.85B JPY
Net income1.07B JPY1.26B JPY1.86B JPY1.61B JPY2.39B JPY

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
-4.27

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates46.2527.468.66-10.13Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 1.27, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 42.36, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual -6.24, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 2.69, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 7, 2025: actual 12.79, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 6, 2026: actual 19.08, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 8, 2026: actual 2.08, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual -4.27, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates36.21B33.79B31.37B28.95BQ4 '24MissQ1 '25BeatQ2 '25MissQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26No estimate
Q4 2024, reported Nov 8, 2024: actual 30.34B JPY, estimate 30.55B JPY, surprise -0.68%, Miss. Q1 2025, reported Feb 7, 2025: actual 32.13B JPY, estimate 31.48B JPY, surprise +2.06%, Beat. Q2 2025, reported May 9, 2025: actual 30.5B JPY, estimate 30.56B JPY, surprise -0.21%, Miss. Q3 2025, reported Aug 8, 2025: actual 31.1B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 7, 2025: actual 32.76B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 6, 2026: actual 34.82B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 8, 2026: actual 33.51B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 33.15B JPY, estimate —, surprise —, Comparison unavailable.

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