Q1 2026 SBC Medical Group Holdings Inc Earnings Call Transcript
Key Points
- Both the number of customers and average revenue per visit increased year-over-year, indicating strong customer engagement.
- The company is successfully expanding its customer base and maintaining a high repeat customer ratio.
- SBC Medical Group Holdings Inc (SBC) is seeing meaningful momentum in non-aesthetic categories such as AGA and dentistry, which are promising growth domains.
- The underlying revenue grew by 11% year-over-year, excluding the impact of fee structure revisions.
- The company is implementing a multi-brand strategy to capture diverse customer needs, which is working well to attract different demographic segments.
- Total revenues for the first quarter of 2026 were $43 million, representing a 9% year-over-year decline due to fee structure revisions.
- Net income attributable to SBC Medical Group declined year-over-year, partly due to the absence of a one-time life insurance surrender gain from the prior year.
- Gross margin was lower than expected in the first quarter of 2026, although offset by lower SG&A expenses.
- Procurement revenue and rental services revenue declined year-over-year.
- The company faces intense competition, particularly in the Japanese aesthetic medical market, which affects pricing strategies.
Thank you for joining the SBC Medical Group Holdings first quarter earnings briefing today. Today's session will be led by Yui Yoshida, Director, CFO, COO, and AI Evangelist, together with myself, Hikaru Fukui, Head of IR Department, who will serve as the moderator.
Thank you for being with us. We will begin with a presentation delivered by AI Avatar. The content has been reviewed and approved by management in advance. After the presentation, we will move on to the Q&A session. To submit a question, please click the Q&A icon at the bottom of your screen. Type in your question and send it to us.
Now, let us begin the presentation.
I am Yoshida, CFO of SBC Medical Group Holdings. Thank you very much for joining our conference call today. Despite your busy schedules, I will now present our financial results for the first quarter of 2026.
First, let me
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