Kusuri no Madoguchi

Basic Information

Stock Code
5592
Industry
Information and Communications Industry
Category Detail
Internet Site Operations
Prefecture
Tokyo
Establishment Year
September 2004
Listing Year
October 2023
Official Website
https://kusurinomadoguchi.co.jp/
TSE Information
TSE Information
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Overview

Kusuri no Madoguchi, founded in 2004, belongs to the information and communications industry and is a leading company in the pharmacy business support sector, providing electronic medication notebooks and prescription drug pickup reservation systems, which are adopted by approximately 30% of pharmacies in Japan.

Current Situation

Kusuri no Madoguchi collaborates with approximately 20,000 pharmacies nationwide, offering online prescription drug reservations and electronic medication notebook services. Since its listing in 2023, it has realized business efficiency improvements and enhanced customer convenience through the promotion of digital transformation (DX) in pharmacy operations. Its core business is internet-based pharmacy support services, enhancing competitiveness in the medical institution and pharmacy markets. In recent years, it has strengthened medication management and medication alarm functions via smartphone apps, enriching support for users' health management. From a sustainability perspective, it focuses on promoting the digitalization of information in the medical field and contributes to regional medical collaboration. Key differentiators from competitors include its network covering about 30% of domestic pharmacies and user-friendly service design. For future growth strategies, it aims to diversify prescription drug pickups, strengthen integration with online consultations, and create new services utilizing regional medical information. Additionally, it advances data utilization to strengthen collaboration between medical care and pharmacies and improve operational efficiency. In the market environment, with an aging society and increasing medical demand, needs for healthcare IT are expanding, prompting active investments.

Trivia

Interesting Facts

  • Collaborates with approximately 20,000 pharmacies nationwide, covering about 30%.
  • Prescription pickup reservations enable pickup at convenience stores as an advanced service.
  • Smartphone medication notebook features medication alarm for high user convenience.
  • Listed on Tokyo Stock Exchange Prime in 2023, achieving fundraising and increased recognition.
  • Top-class scale in Japan for pharmacy business support utilizing IT.
  • Possesses proprietary APIs for strong integration with medical institutions and pharmacy systems.
  • Integrates with online consultation services for one-stop from prescription to pickup.
  • Partnered with Seven-Eleven for pickup services at 1,000 stores nationwide.
  • Electronic medication notebook equipped with numerous convenient functions for healthcare professionals.
  • Plans to expand healthcare services through analysis of medication data.
  • Focuses on social contributions toward digitalization of regional medical care.
  • Many employees possess expertise and technical skills in medical × IT fields.
  • Plays a key role in accelerating DX in the pharmaceutical market.
  • Competes with multiple rivals in pharmacy business support sector.
  • Gained high evaluation as a growth company in medical IT field in less than 20 years since founding.

Hidden Connections

  • Collaboration with Seven-Eleven bridges prescription drug market and convenience store distribution.
  • API integration with online consultation services positions it at the forefront of medical DX.
  • Collaborates with some pharmaceutical manufacturers to improve prescription information accuracy.
  • Medication alarm function aims for medical device certification for internal medication management support.
  • Strengthens relations with local governments through regional medical collaboration network construction.
  • Numerous collaborations with IT venture companies in pharmacy efficiency technologies.
  • Strengthening collaborations with welfare institutions through elderly services.
  • Medical big data analysis services utilized in health management by insurance companies.

Future Outlook

Growth Drivers

  • Expansion of medication management needs due to aging society.
  • Increasing demand for diverse prescription pickups from spread of online consultations.
  • Expansion of digital health market and medical DX promotion policies.
  • Growing IT needs for pharmacy business efficiency and customer service improvements.
  • Improved electronic medication notebook adoption rates with increasing smartphone users.
  • Growth potential in new businesses like medical data analysis services.
  • Strengthened medical information collaboration through government digitalization initiatives.
  • Service expansion opportunities from establishment of regional medical collaboration frameworks.
  • User growth from expansion of multi-store pickups and convenience store collaborations.
  • Improved user retention through enhanced service convenience.
  • Strengthened growth foundation through new customer acquisition and partner expansion.
  • Deployment of personalized medication support services utilizing AI technology.

Strategic Goals

  • Achieve over 50% coverage of nationwide pharmacies.
  • Surpass 10 million users of electronic medication notebooks.
  • Nationwide rollout of online consultation integration services.
  • Create new healthcare services utilizing medication data.
  • Capture No.1 market share in medical DX field.
  • Achieve highest standards in data security and privacy management.
  • Build and popularize sustainable regional medical collaboration models.
  • Continuous service innovation through introduction of emerging technologies.
  • Establish flexible service provision systems responding to diverse customer needs.
  • Enhance social trust and corporate value through ESG goal achievement.

Business Segments

Pharmacy Business Support Software

Overview
Provides software to support business efficiency and customer service improvements for pharmacies.
Competitiveness
Utilization of collaboration network with numerous pharmacies
Customers
  • Independent Pharmacies
  • Chain Pharmacies
  • Compounding Pharmacy Groups
  • Medical Institutions
Products
  • Prescription Management System
  • Pickup Reservation Platform
  • Electronic Medication Notebook Integration
  • Medication Guidance Support Tool

Medical Institution Information Systems

Overview
Provides information systems supporting prescriptions and consultations at medical institutions.
Competitiveness
Strengthened integration with online consultations
Customers
  • Clinics
  • Medical Offices
  • Online Consultation Service Providers
Products
  • Prescription Integration System
  • Electronic Medication Notebook Integration API
  • Online Consultation Integration Tool

Retail and Distribution Services

Overview
Provides services supporting multi-store prescription pickups and customer management.
Competitiveness
Proven collaboration with Seven-Eleven
Customers
  • Convenience Stores
  • Drugstore Chains
  • Compounding Pharmacy Chains
Products
  • Prescription Drug Pickup Reservation Integration
  • Customer Data Management Service
  • Sales Promotion Support Tool

Data Analysis and Healthcare Information Services

Overview
Provides analysis services utilizing medication data for medical and pharmaceutical sectors.
Competitiveness
Collection and analysis technology for large-scale medication data
Customers
  • Pharmaceutical Companies
  • Medical Research Institutions
  • Insurance Companies
Products
  • Prescription Data Analysis Tool
  • Patient Medication Trend Reports
  • Health Management Platform

Competitive Advantage

Strengths

  • Service collaboration with approximately 30% of pharmacies nationwide
  • User-friendly design leveraging smartphone apps
  • Convenience of online reservations and diverse pickup locations
  • High data security framework
  • Strengthened collaboration with medical institutions
  • Reliability and capital strength as a listed company
  • Abundant customer base and number of partner companies
  • Continuous service updates
  • Multifunctional medication management support
  • Robust business support software for pharmacies
  • New service development through data utilization
  • Economies of scale from nationwide expansion
  • User health management support functions
  • Proven collaboration with partner convenience stores
  • Innovative developments in medical DX field

Competitive Advantages

  • Possesses the largest-scale pharmacy collaboration network in Japan
  • First-mover advantage in prescription drug pickup reservation services
  • High-convenience design for patients via smartphone apps
  • Improved convenience through collaborations with medical institutions and convenience stores
  • Maintains high technological capabilities and information security standards
  • Comprehensive solutions specialized in pharmacy business support
  • Promotes seamless integration with online consultations
  • Continuous service expansion and new feature additions
  • Utilization of abundant medication history and health data
  • Ensures reliability from capital markets as a listed company
  • Flexible services accommodating diverse customer needs
  • Advances integration with regional medical collaboration systems
  • Strengthened external collaborations via extensible APIs
  • Rapid market response and service operation capabilities
  • UX improvements utilizing user feedback

Threats

  • Development and enhancement of similar services by competitors
  • Strengthening of personal information protection regulations for medical data
  • Risks from legal amendments to online consultation systems and pharmacy services
  • Decline in smartphone app usage or increased operational burden for users
  • Risk of security incidents
  • Challenges in collaboration due to diverse IT environments in medical institutions and pharmacies
  • Intensified competition from emerging IT companies
  • Regulatory changes and price suppression pressures in pharmaceutical markets
  • Rapid changes in digital health-related technologies
  • Growth slowdown due to population decline or market contraction
  • Risk of suppressed contract renewals from existing customers
  • Challenges in overseas expansion and immature markets

Innovations

2023: Prescription Drug Pickup Launched at 1,000 Seven-Eleven Stores

Overview
Launched prescription drug pickup reservation service at 1,000 stores nationwide.
Impact
Significantly improved user convenience and contributed to customer base expansion.

2023: Enhanced Smartphone Medication Management App Functions

Overview
Added medication alarms and OTC drug management functions, greatly improving medication support.
Impact
Contributed to improving users' medication adherence rates.

2022: API Publication for Pharmacy Business Support Platform

Overview
Published APIs to strengthen external system integration and improve extensibility.
Impact
Established foundation for creating diverse integrated services.

2024: Strengthened Online Consultation Integration Services

Overview
Expanded integration with online consultation services to promote prescription linkages.
Impact
Increased prescription reservation numbers and improved customer convenience.

Sustainability

  • Thorough management of medical information security and privacy protection
  • Support for medical DX promotion through collaboration with medical institutions and regions
  • Reduction of environmental impact through paperless promotion
  • Support for health education and awareness activities in local communities
  • Development of comfortable work environments for employees and promotion of diversity
  • Building of long-term stable medical information service operation systems
  • Strengthening of cybersecurity frameworks
  • Efficient resource utilization through cloud adoption
  • Active participation in disabled employment and social contribution activities
  • Enhanced transparency in information disclosure and governance
  • Improvement of medical services through promotion of regional medical collaboration
  • Creation of a sustainable digital health market