What is the market's earnings forecast for SBC Medical Group next quarter?

What were the key takeaways from SBC Medical Group’s earnings call?

What were the key takeaways from SBC Medical Group's earnings call?

What guidance did SBC Medical Group's management provide for the next earnings period?

What is the revenue and EPS growth rate for SBC Medical Group year over year?

Did SBC Medical Group beat or miss consensus estimates last quarter?

What is SBC Medical Group's gross profit margin?

What factors drove the changes in SBC Medical Group's revenue and profit?

- **Customer Growth**: Franchisee clinics expanded to 258 locations, serving 6.5 million annual customers.
- **Thailand Expansion**: Laser treatment POC in Thailand with BLEZ ASIA, targeting Southeast Asian market expansion.
- **Waku Synergy**: Acquired Waku for R&D integration, enhancing regenerative medicine offerings in AGA and orthopedics.
- **Financial Recovery**: Q3 sales stabilized, with operating income improving due to cost reductions.
- **Liquidity Focus**: Enhancing share liquidity via buybacks and founder share sales, with potential dividend policy.
- **US Strategy**: Exploring partnerships to adapt Japanese aesthetic model to US market.

**【CFO Presentation Summary】**
- **Franchisee Clinic Growth**: Total clinics expanded to 258 (up 34 locations), with annual customers reaching 6.5 million. Average spend per customer is recovering due to pricing strategies and multi-brand dermatology offerings.
- **Financial Recovery**: Q3 sales stabilized after restructuring, driven by point-related revenue growth. Operating and net income improved due to reduced racing-related costs and share-based compensation.
- **Thailand Expansion**: Partnered with BLEZ ASIA for laser treatment POC in Thailand, targeting affordable pricing for Japanese and Thai customers. Plans to expand to Malaysia and Indonesia post-POC.
- **Waku Acquisition**: Completed tender offer to acquire Waku for R&D synergy, aiming to integrate Waku’s regenerative medicine expertise with SBC’s clinic network for AGA and orthopedics treatments.
- **Balance Sheet Management**: Maintained strong cash position with bank financing for working capital. Improved liquidity through share buybacks and founder share sales to enhance free float.
- **Capital Policy**: Focus on improving share liquidity via new share issuance and founder share sales. Considering dividend policy but prioritizing M&A growth opportunities.

**【Q&A Highlights】**
- **COVID-19 Costs**: Q3 cost increase due to medical equipment leases and Singapore subsidiary consolidation. CFO expects financial performance to remain stable in Q4 and 2026.
- **Thailand Market Impact**: Near-term financial impact minimal, but POC success could enable rapid expansion across Southeast Asia.
- **Waku Integration**: Roadmap includes leveraging Waku’s R&D for skincare products and outsourcing cell culture operations within the group.
- **US Strategy**: Exploring partnerships to adapt Japanese aesthetic model to US market, with potential tech引进 back to Japan.
- **M&A Strategy**: Domestic focus on medical clinics; global strategy emphasizes smart industry investments and US partnerships.
- **Financial Guidance**: Considering providing revenue and profit guidelines in future, but no concrete targets yet.
- **Liquidity Improvement**: Plans to increase free float through share buybacks and founder share sales to address low liquidity.
- **Dividend Policy**: Dividends under consideration but secondary to growth via M&A.


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