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Medical System Network Co., Ltd. (4350.T)

JPY494.00 +3.00 (+0.61%)
JP JPX Healthcare Medical - Pharmaceuticals
Address AKK Building 060-0010
Sapporo, JP
CEO Inao Tajiri
Website msnw.co.jp
IPO 2008-09-05
ISIN JP3920940008

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Description

Headquartered in Sapporo, Japan, and established in 1999, Medical System Network Co., Ltd. functions as a comprehensive provider within the healthcare industry. Its core business involves the distribution of pharmaceutical products to a diverse range of clients, including pharmacies, hospitals, clinics, and drug wholesalers. The company's operations are divided into several key segments. The Community Pharmacy Network division primarily facilitates the procurement and sale of pharmaceuticals among pharmacies, hospitals, clinics, and wholesale distributors. This segment also delivers crucial inventory management and liquidation services, manufactures and markets its own pharmaceutical offerings, and handles price negotiations with suppliers. Furthermore, it maintains a specialized platform designed to assist with pharmacy transitions. Within the Leasing and Facility-related segment, Medical System Network provides building rental services, develops optimal locations for new pharmacies, and offers consulting expertise to medical practitioners. The Meal Catering segment is responsible for delivering food services to hospitals and various welfare facilities. Beyond these primary areas, the company also offers nursing care and specialized advisory counseling services tailored for the medical treatment sector.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY494.00 +3.00 (+0.61%)
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Volume Profile
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Liquidity & share structure
Average Volume
61.6K
Beta
0.51
Float Shares
16.93M
Free Float %
57.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.74% -10.34% -13.17% -14.29% -8.06% -9.48% +4.23% +18.18% -33.33% -15.68% +318.31%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
494.00
DCF (Unlevered) 2,985.84 +504.4%
DCF (Levered) 1,949.59 +294.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.13
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Pharmaceuticals: +7.8%
    +8.0% Q1'26: +9.9% (vs Q1'25)
  • EPS growth Medical - Pharmaceuticals: +20.2%
    -15.2% Q1'26: +132.7% (vs Q1'25)
  • FCF margin FCF growth · Medical - Pharmaceuticals: +43.3%
    -5.2% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Medical - Pharmaceuticals: +6.8%
    +2.5% Q1'26: +2.8% (vs Q1'25)
  • ROIC Medical - Pharmaceuticals: +6.1%
    +4.2% Q1'26: +4.8% (vs Q1'25)
  • Share dilution Medical - Pharmaceuticals: +0.0%
    +0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Pharmaceuticals: 0.21×
    11.37× Q1'26: 10.02× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.41) × ERP
WACC = 40% × Ke + 60% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,033.85 Current price: 494.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
75.55B
est: 75.00B (+0.7%)
88.87B
est: 90.00B (-1.3%)
93.98B
est: 95.00B (-1.1%)
98.23B
est: 98.00B (+0.2%)
105.24B
est: 105.00B (+0.2%)
104.26B
est: 103.30B (+0.9%)
106.69B
est: 106.50B (+0.2%)
109.55B
est: 109.50B (+0.0%)
115.36B
est: 114.20B (+1.0%)
122.39B
est: 122.20B (+0.2%)
128.00B
128.00B – 128.00B
+4.7% YoY
134.00B
134.00B – 134.00B
+4.7% YoY
EBITDA
4.65B
est: 4.56B (+1.9%)
4.72B
est: 5.48B (-13.8%)
5.71B
est: 5.78B (-1.2%)
4.20B
est: 5.96B (-29.6%)
3.29B
est: 6.39B (-48.5%)
7.18B
est: 6.29B (+14.2%)
7.05B
est: 6.48B (+8.8%)
6.25B
est: 6.66B (-6.2%)
6.90B
est: 6.95B (-0.7%)
6.42B
est: 6.37B (+0.8%)
6.67B
6.67B – 6.67B
+4.7% YoY
6.98B
6.98B – 6.98B
+4.7% YoY
EBIT
2.59B
est: 2.50B (+3.7%)
2.13B
est: 3.00B (-29.0%)
2.51B
est: 3.16B (-20.7%)
1.43B
est: 3.26B (-56.2%)
260.00M
est: 3.50B (-92.6%)
4.18B
est: 3.44B (+21.6%)
4.20B
est: 3.55B (+18.3%)
3.30B
est: 3.65B (-9.6%)
3.74B
est: 3.80B (-1.6%)
3.00B
est: 3.70B (-18.9%)
3.88B
3.88B – 3.88B
+4.7% YoY
4.06B
4.06B – 4.06B
+4.7% YoY
Net Income
885.85M
est: 1.15B (-23.3%)
571.00M
1.02B
est: 1.09B (-6.0%)
462.00M
est: 482.27M (-4.2%)
-896.00M
est: -239.67M (-273.8%)
2.20B
est: 1.93B (+13.9%)
2.39B
est: 2.28B (+5.1%)
1.61B
est: 1.40B (+14.8%)
1.86B
est: 1.90B (-2.1%)
1.26B
est: 2.15B (-41.3%)
2.60B
2.60B – 2.60B
+20.9% YoY
2.90B
2.90B – 2.90B
+11.5% YoY
SGA
20.17B
est: 25.18B (-19.9%)
25.62B
est: 30.22B (-15.2%)
27.97B
est: 31.90B (-12.3%)
30.00B
est: 32.91B (-8.8%)
31.69B
est: 35.26B (-10.1%)
33.16B
est: 34.69B (-4.4%)
34.51B
est: 35.76B (-3.5%)
36.51B
est: 36.77B (-0.7%)
37.45B
est: 38.35B (-2.3%)
46.45B
est: 42.40B (+9.5%)
44.42B
44.42B – 44.42B
+4.7% YoY
46.50B
46.50B – 46.50B
+4.7% YoY
EPS
37.08
est: 39.50 (-6.1%)
19.31
34.43
est: 37.20 (-7.4%)
15.22
est: 16.50 (-7.8%)
-29.49
est: -8.20 (-259.6%)
72.51
est: 66.00 (+9.9%)
79.35
est: 77.90 (+1.9%)
53.35
est: 48.00 (+11.1%)
61.86
est: 65.00 (-4.8%)
43.18
est: 73.60 (-41.3%)
89.00
89.00 – 89.00
+20.9% YoY
99.20
99.20 – 99.20
+11.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-07 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-01 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-30 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-28 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-27 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-24 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-23 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-22 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-21 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-20 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-17 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-16 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.61B
OE per share TTM
54.73
Owner's Yield
10.93%
Maintenance CapEx ratio
47.10%
Maint CapEx / Avg PPE
24.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 6 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Amundi Japan TOPIX II UCITS ETF EUR Dist JPNU.L 0.00% 16.9K 0.45%
2 Dimensional - International Small Cap ETF DFIS 0.00% 82.0K 0.39%
3 iShares Core TOPIX ETF 1475.T 0.00% 166.5K 0.05%
4 Dimensional - International Core Equity 2 ETF DFIC 0.00% 69.4K 0.22%
5 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 49.8K 0.28%
6 Dimensional International Sustainability Core 1 ETF DFSI 0.00% 0.24%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
885.2K
Shares Outstanding
29.23M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Akira Aoyama Managing Executive Officer, GM of System Headquarters & Director male
Eiji Hirashima GM of Accounting and Finance Division, Managing Executive Officer & Director male
Inao Tajiri President & Representative Director male
Jiro Akino Executive Vice President & Director male
Kazuhiko Sumi Managing Executive Officer & Director male
Kenji Shimizu Executive Officer, GM of SCM Business Headquarters & Director male
Kentaro Tako Managing Executive Officer, GM of Corporate Strategy Division & Director male
Makoto Sakashita Senior Managing Executive Officer, GM of Medical & Welfare Support Div. & Director male
Yoshihiro Tanaka Executive Vice President & Representative Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits