SBC Medical Group Holdings Inc (SBC) FY2024 10-K Annual Report
SBC Medical Group Holdings Inc (SBC) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 28, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
SBC Medical Group Holdings Inc FY2024 10-K Analysis
Business Overview
- • Core business: Medical aesthetics franchising, procurement, management, and rental services focusing on clinic networks in Japan
- • New emphasis on franchising revenue model change in 2024: fixed royalty fees per clinic replacing percentage of sales, authorized MCs to use patents/trademarks
Management Discussion & Analysis
- • No revenue or profit figures disclosed; focus on internal control weaknesses and remediation efforts
- • Identified material weaknesses in internal controls including control environment, activities, risk assessment, communication, monitoring
Risk Factors
- • Regulatory risk from Japanese Medical Care Act limiting voting control over Medical Corporations despite equity interests
- • Geopolitical exposure in Japan with all 241 treatment centers operated under six related-party Medical Corporations
SBC Medical Group Holdings Inc FY2024 Key Financial MetricsXBRL
Revenue
$205M
▲ +6.1% YoY
Net Income
$47M
▲ +13619.5% YoY
Gross Margin
76.0%
▲ +503bp YoY
Operating Margin
34.2%
▲ +3514bp YoY
Net Margin
22.7%
▲ +2252bp YoY
ROE
23.9%
▲ +2956bp YoY
Total Assets
$266M
▲ +1152.4% YoY
EPS (Diluted)
$0.48
▲ +14.3% YoY
Operating Cash Flow
$21M
▲ +1065.0% YoY
Source: XBRL data from SBC Medical Group Holdings Inc FY2024 10-K filing on SEC EDGAR. All figures in USD.
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