MEDICAL SYSTEM NETWORK Co.,Ltd.

4350・Standard Market・Retail Trade

Official website

MEDICAL SYSTEM NETWORK Co.,Ltd.

4350・Standard Market・Retail Trade

Official website

MEDICAL SYSTEM NETWORK Co.,Ltd.4350

Reference Indicators

Market Cap

150¥100M

P/E (Forecast)

14.4x

P/B

0.8x

Dividend Yield (Forecast)

2.44%

ROE

6.4%

EV/EBITDA

5.8x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	106,685	109,551	115,361	122,387	132,186
Cost of Sales	62,256	63,629	67,435	71,651	78,440
Gross Profit	44,429	45,921	47,925	50,736	53,745
SG&A Expenses	40,576	42,758	44,093	47,582	50,432
Operating Income	3,852	3,163	3,832	3,154	3,313
Non-operating Income	758	550	384	446	435
Non-operating Expenses	296	358	392	438	555
Ordinary Income	4,313	3,355	3,825	3,162	3,193
Extraordinary Income	146	7	119	374	27
Extraordinary Losses	447	343	493	811	668
Pre-tax Income	4,012	3,019	3,451	2,724	2,552
Income Taxes	1,624	1,389	1,579	1,424	1,437
Net Income	2,394	1,610	1,860	1,262	1,070
EBITDA	6,707	6,120	6,995	6,568	6,730
Gross Margin	41.6%	41.9%	41.5%	41.5%	40.7%
Operating Margin	3.6%	2.9%	3.3%	2.6%	2.5%
ROA	3.8%	2.4%	2.7%	1.8%	1.3%
ROE	19.6%	11.6%	12.6%	8.0%	6.4%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
地域薬局ネットワーク事業	127,140	6,025	4.7%
賃貸・設備関連事業	2,421	155	6.4%
給食事業	2,287	-18	-0.8%
その他	336	-22	-6.5%