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JMDC (4483) investor relations material

JMDC Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary6 Nov, 2025

Executive summary

  • Revenue for the six months ended September 30, 2025, rose 24.4% year-over-year to ¥23,080 million, with operating profit up 27.7% to ¥4,025 million and EBITDA up 23.3% to ¥5,524 million.

  • Healthcare - Big Data segment was the main growth driver, with strong revenue and EBITDA increases year-over-year.

  • Tele-medicine segment maintained high profitability and stable growth, supported by steady demand.

  • Profit attributable to owners of parent increased 8.5% year-over-year to ¥2,376 million, and basic earnings per share rose to ¥36.35.

  • The dispensing pharmacy support business was classified as discontinued operations following the transfer of all shares of NOAH MEDICAL SYSTEM CORPORATION.

Financial highlights

  • Consolidated revenue for H1 FY2025 was JPY 23,080 million, up 24% year-over-year.

  • Consolidated EBITDA reached JPY 5,524 million, up 23% year-over-year, with a margin of 24%.

  • Operating profit was JPY 4,025 million (17% margin), and profit attributable to owners of parent was JPY 2,376 million (10% margin).

  • Gross profit increased to ¥12,354 million from ¥10,352 million year-over-year.

  • Total assets grew to ¥152,674 million, up from ¥143,020 million as of March 31, 2025.

Outlook and guidance

  • Full-year revenue forecast for the fiscal year ending March 31, 2026, is ¥50,500 million, with operating profit of ¥11,500 million and EBITDA of ¥14,500 million.

  • Progress against full-year forecasts is on track, with 46% of revenue and 38% of EBITDA targets achieved by H1.

  • Basic earnings per share for the full year is projected at ¥113.20.

  • No revisions have been made to previously announced earnings forecasts.

  • Revenues and profits are expected to be disproportionately focused in H2, with continued vigilance to achieve guidance.

Forecast profit growth disparity explanation?
What caused the finance cost surge?
What is the strategy behind recent acquisitions?
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Frequently asked questions

JMDC Inc., listed under the ticker 4483 on the Tokyo Stock Exchange, is a Japanese company primarily engaged in the health big data business. The company's operations are diversified across three main segments: Health Big Data, Telemedicine, and Dispensing Pharmacy Support. In the Health Big Data segment, JMDC Inc. focuses on services such as receipt data analysis, health promotion solutions, and personal health information platforms. It also builds, manages, and analyzes medical databases, including receipt and medical examination data, and develops and provides systems using drug databases for medical institutions. The Telemedicine segment offers remote image diagnosis matching services and infrastructure systems for remote image diagnosis. The Dispensing Pharmacy Support segment, on the other hand, develops and provides business systems and electronic medication records for dispensing pharmacies, in addition to operating dispensing pharmacies. MDC Inc. is headquartered in Minato, Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.

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