SBC Medical Group Holdings Incorporated (SBC) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

At the bottom of your screen, you will find a question box. If you have any questions, please answer them briefly and concisely. We will address them after the presentation. Now, I will hand over to Mr. Aikawa, CEO of Mr. Aikawa. The floor is yours. I'm Aikawa, CEO of SBC Medical Group Holdings. I thank you very much for joining our conference call today despite your busy schedule. I will now explain our results for the second quarter, progress of our business, and our capital policy. First, let me provide an update on our franchise clinics. In this July, June Clinic joined our network, expanding our total number of clinics nationwide to 259, an increase of 36 clinics. since last year. And in Japan's aesthetic medicine industry, the competition is severe. However, the customers are steadily increasing continuously with 6.31 million visits annually. This scale is unmatched in Japan. Since our foundation, our top priority is to ensure that every customer feels that they are receiving value more than what they pay for and make them become our repeaters. And as a result, even now, we are remaining a high repeat rate of 72%, and we believe this is our utmost strength. However, having said that, While average customer spending continues to trend at a lower level than last year, we are seeing early signs of recovery in certain areas such as a guerrilla clinic. Therefore, moving forward with a high share by far and with the high repeat rate, we would like to provide the treatment that matches the customer needs and provide the differentiation of our clinic. Next is our FY2025 second quarter earnings. In 2024, we strategically restructured our business, existing staffing services and deconsolidating some affiliates. Furthermore, in April this year, we also revised our franchi...