SBC Medical Group Holdings Incorporated (SBC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you very much for joining us today at the SPC Medical Group Holdings 2025 Full Year Financial Results Briefing Call. This meeting will be led by CEO Yoshiyuki Aikawa, Executive Vice President, CFO, COO, and AI Evangelist Yuya Yoshida, and myself, IR Manager Fukui, who will be moderating today. Thank you for your cooperation in advance. Here is today's program. As a new initiative, We will begin with a 10-minute presentation by an AI avatar. Please rest assured that the content has been reviewed in advance. Following that, Aikawa will deliver a message, and then we will move on to a Q&A session. Please click the Q&A icon at the bottom of the screen, enter your message, and submit it. Now let's begin the presentation. Good day, everyone, and thank you for joining SBC Medical Group Holdings Conference Call. My name is Yoshiyuki Ekawa, CEO of SBC Medical Group Holdings. Today, I will walk you through our performance for the fourth quarter and full year of fiscal 2025, followed by an update on our business strategy and capital policy. Let me begin with highlights from our clinic operations. As of the end of December 2025, we were operating 283 locations and the number of customers served over the trailing 12 months reached 6.63 million. While same-store sales were slightly below the prior year, total clinic revenue for the full year reached $1,163 million, representing 2% year-over-year growth. Most encouragingly, average revenue per customer, which had been on a declining trend, rebounded significantly in the fourth quarter, reaching $316, an 11% increase year over year. We are now seeing both customer growth and improving unit economics moving in the same direction, which we view as a meaningful positive for the business going forward. Turning to ...