Medical System Network
Basic Information
- Stock Code
- 4350
- Industry
- Retail
- Category Detail
- Specialty Stores & Drugstores
- Prefecture
- Hokkaido
- Establishment Year
- September 1999
- Listing Year
- September 2008
- Official Website
- https://www.msnw.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Pharmarise Holdings, Quor Holdings, Cosmos Pharmacy, Nihon Chozai, Medical Ikko Group, F&F, Encourage, Mia Herusa, ＨＹＵＧＡ ＰＲＩＭＡＲＹ ＣＡＲＥ, Ain Holdings, Sapporo Lin
Overview
Medical System Network is a Hokkaido-based company established in 1999 that provides medical systems for pharmacies and medical institutions, with strengths in extensive pharmacy networks and medical IT systems.
Current Situation
Medical System Network recorded net sales of approximately 104.3 billion yen and operating profit of approximately 3.4 billion yen in the fiscal year ended March 2021, based on stable pharmacy operations. It is expanding dispensing services through a group of subsidiaries centered in Hokkaido and nationwide, and is also growing its medical IT business, such as ordering systems for pharmacies. Competitors include Ain Holdings and Nihon Chozai, and while market competition is fierce, it differentiates itself with specialized services in the medical field. In recent years, it has strengthened its business base by merging pharmacy companies in the Kyushu region, and is investing in telemedicine support and business efficiency through IT utilization. The company focuses on building sustainable medical delivery systems and improving service quality to achieve sustainable growth. In 2023, it also transitioned to the Tokyo Stock Exchange Standard Market to enhance corporate value.
Trivia
Interesting Facts
- Hokkaido-origin company operating regionally integrated pharmacies.
- Strength in medical IT ordering systems for pharmacies.
- Comprehensive service rollout through diverse medical-related subsidiaries.
- High transparency operations as a Tokyo Stock Exchange Standard listing.
- Implemented market transition to Tokyo Stock Exchange in 2023.
- Expanded business scale through pharmacy chain mergers.
- Founders are medical experts Yasuyuki Oki, Inao Tajiri, and Jiro Akino.
- Established unique position in the fusion of medical and IT fields.
- Owns subsidiaries such as Hokkaido Pharmaceutical Comprehensive Research Institute.
- Also offers visiting pharmacist services for home medical care.
Hidden Connections
- Owns pharmaceutical research institutions as subsidiaries to strengthen collaboration in the medical field.
- Medical IT ordering systems introduced in many pharmacies in Hokkaido.
- Supports regional healthcare through collaboration with local medical institutions and nursing services.
- Transitioned to Tokyo Stock Exchange Standard Market in 2023, improving recognition in capital markets.
- Promotes operational efficiency for mid-sized pharmacies through mergers and reorganizations.
- Focuses on elderly support through home medical care services.
- Differentiation from competitors by holding multiple medical-related brands under its umbrella.
- Business model originating from Hokkaido drives expansion into Tohoku and Kyushu regions.
Future Outlook
Growth Drivers
- Increase in pharmacy demand due to aging society.
- Expansion in demand for IT solutions for medical institutions.
- Growth in home medical care promotion and related services.
- Business area expansion through strengthened regional medical collaboration.
- Acceleration of operational efficiency through digitalization.
Strategic Goals
- Strengthen pharmacy networks in major regions nationwide.
- Double medical IT business sales and advance system sophistication.
- Provide medical services considering sustainability.
- Nationwide rollout and expansion of home medical care support services.
- Enhance corporate value on the Tokyo Stock Exchange and gain investor trust.
Business Segments
Pharmacy System Sales
- Overview
- Business providing medical IT systems to support pharmacy efficiency.
- Competitiveness
- Regionally specialized system development based in Hokkaido
- Customers
-
- Pharmacy Operators
- Independent Pharmacies
- Medical Corporations
- Home Medical Care Providers
- Products
-
- Order Management Systems
- Pharmacy Operation Support Software
- Electronic Medical Records Linkage Software
Pharmacy Management Support Services
- Overview
- Provides services to improve pharmacy operational efficiency and promote regional collaboration.
- Competitiveness
- Expertise and track record in medical information collaboration
- Customers
-
- Pharmacy Operators
- Regional Medical Collaboration Institutions
- Medical Insurance Organizations
- Products
-
- Management Consulting
- Outsourced Operations Services
- Home Medical Care Support Solutions
Pharmaceutical Distribution and Ordering Services
- Overview
- Support for efficient ordering, receiving, and distribution management of pharmaceuticals.
- Competitiveness
- Utilization of regionally integrated networks
- Customers
-
- Pharmaceutical Companies
- Wholesalers
- Pharmacy Networks
- Products
-
- Pharmaceutical Ordering Systems
- Sales Data Analysis
- Inventory Management Services
Home Medical Care Support Business
- Overview
- Support business aimed at improving the quality of home medical care for the elderly.
- Competitiveness
- Abundant track record in medical and nursing care collaboration
- Customers
-
- Home Medical Care Operators
- Nursing Homes
- Community Comprehensive Support Centers
- Products
-
- Visiting Dispensing Services
- Medication Follow-up
- Medical Supplies Arrangement Support
Competitive Advantage
Strengths
- Strong regional base centered in Hokkaido
- Composite business of pharmacy operations and medical IT
- Technology and knowledge specialized in the medical field
- Extensive service network through numerous subsidiaries
- Stable sales and profit generation
- Proper audit system by Deloitte Touche Tohmatsu
- Market share in pharmacy ordering systems
- Strong management support for regional medical collaboration
- Diverse group of medical-related subsidiaries
- Promotion of collaboration with medical institutions and nursing facilities
Competitive Advantages
- Integration of regionally specialized pharmacy networks and medical IT
- Local trust as a Hokkaido-origin company
- Strength in efficiency support through ordering systems
- Comprehensive medical services via diverse subsidiaries
- Solid financial base and continuous profit securing
- Service diversity corresponding to wide customer segments
- Advanced methods in home medical care support
- Transparency as a Tokyo Stock Exchange Standard Market-listed company
- Initiatives for sustainable medical environment development
- High technological capability in system development
Threats
- Intense market competition with other major pharmacy chains
- Changes in reimbursement systems due to medical system reforms
- Potential IT security risks
- Impact of regional economic changes from population decline and aging
- Increased operational costs from strengthened regulations
- Market share pressure from new entrants
- Profit squeeze from drug price revisions
- Risk of delayed response to rapid changes in medical technology
- Potential disruptions in collaboration with regional medical institutions
- Impact from external shocks such as pandemics
Innovations
2023: Merger of 4 Pharmacy Companies in Kyushu Region
- Overview
- Integrated 4 pharmacy companies in the Kyushu area to enhance management efficiency and service quality.
- Impact
- Contributes to business base expansion and improved profitability
2022: Enhancement of Medical IT Ordering Systems
- Overview
- Renewed cloud-based pharmacy ordering systems to improve usability.
- Impact
- Improved pharmacy operational efficiency and customer satisfaction
2021: Launch of Remote Medical Collaboration Support Service
- Overview
- Began providing systems and support services for remote consultation collaboration.
- Impact
- Expansion in addressing new medical needs
2020: Expansion of Home Medical Care Support Services
- Overview
- Nationwide expansion and strengthening of visiting dispensing and medication support systems.
- Impact
- Addresses aging society needs and expands customer base
Sustainability
- Support for sustainable medical provision through regional medical collaboration
- Paperless realization through digitization promotion
- Activities to improve quality of home medical care for the elderly
- Workstyle reforms to improve employee work environment
- Deployment of health awareness activities in local communities