Medical System Network Co Ltd
TSE:4350
Income Statement
Earnings Waterfall
Medical System Network Co Ltd
Revenue
|
113.8B
JPY
|
Cost of Revenue
|
-66.3B
JPY
|
Gross Profit
|
47.5B
JPY
|
Operating Expenses
|
-43.6B
JPY
|
Operating Income
|
3.9B
JPY
|
Other Expenses
|
-1.8B
JPY
|
Net Income
|
2.1B
JPY
|
Income Statement
Medical System Network Co Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
62 159
N/A
|
66 182
+6%
|
68 911
+4%
|
71 654
+4%
|
73 945
+3%
|
75 549
+2%
|
79 084
+5%
|
81 742
+3%
|
84 519
+3%
|
87 715
+4%
|
87 907
+0%
|
89 011
+1%
|
89 415
+0%
|
88 865
-1%
|
90 722
+2%
|
92 016
+1%
|
93 178
+1%
|
93 977
+1%
|
94 481
+1%
|
94 985
+1%
|
96 201
+1%
|
98 232
+2%
|
99 975
+2%
|
102 888
+3%
|
104 421
+1%
|
105 241
+1%
|
104 804
0%
|
104 070
-1%
|
104 465
+0%
|
104 257
0%
|
105 009
+1%
|
105 381
+0%
|
105 958
+1%
|
106 685
+1%
|
107 070
+0%
|
107 856
+1%
|
108 695
+1%
|
109 551
+1%
|
110 908
+1%
|
112 672
+2%
|
113 848
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(40 266)
|
(43 445)
|
(44 945)
|
(46 079)
|
(47 039)
|
(47 072)
|
(49 158)
|
(50 971)
|
(52 897)
|
(54 913)
|
(54 939)
|
(55 588)
|
(55 399)
|
(54 700)
|
(55 659)
|
(56 200)
|
(56 830)
|
(57 369)
|
(57 862)
|
(58 598)
|
(59 581)
|
(60 961)
|
(61 944)
|
(63 686)
|
(64 452)
|
(65 027)
|
(64 726)
|
(63 172)
|
(62 811)
|
(61 844)
|
(61 561)
|
(61 609)
|
(61 768)
|
(62 256)
|
(62 317)
|
(62 973)
|
(63 422)
|
(63 629)
|
(64 616)
|
(65 613)
|
(66 330)
|
|
Gross Profit |
21 892
N/A
|
22 737
+4%
|
23 967
+5%
|
25 577
+7%
|
26 908
+5%
|
28 477
+6%
|
29 927
+5%
|
30 772
+3%
|
31 623
+3%
|
32 802
+4%
|
32 968
+1%
|
33 423
+1%
|
34 016
+2%
|
34 165
+0%
|
35 063
+3%
|
35 816
+2%
|
36 348
+1%
|
36 608
+1%
|
36 619
+0%
|
36 387
-1%
|
36 620
+1%
|
37 271
+2%
|
38 031
+2%
|
39 202
+3%
|
39 969
+2%
|
40 214
+1%
|
40 078
0%
|
40 898
+2%
|
41 654
+2%
|
42 413
+2%
|
43 448
+2%
|
43 772
+1%
|
44 190
+1%
|
44 429
+1%
|
44 753
+1%
|
44 883
+0%
|
45 273
+1%
|
45 922
+1%
|
46 292
+1%
|
47 059
+2%
|
47 518
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(19 306)
|
(20 646)
|
(22 241)
|
(23 802)
|
(25 049)
|
(25 835)
|
(26 647)
|
(27 267)
|
(28 054)
|
(29 019)
|
(29 875)
|
(30 843)
|
(31 677)
|
(32 052)
|
(32 570)
|
(32 981)
|
(33 213)
|
(33 445)
|
(33 836)
|
(34 019)
|
(34 705)
|
(35 843)
|
(36 481)
|
(37 454)
|
(38 353)
|
(38 599)
|
(38 858)
|
(38 724)
|
(38 494)
|
(38 984)
|
(39 291)
|
(39 836)
|
(40 471)
|
(40 577)
|
(41 220)
|
(41 794)
|
(42 140)
|
(42 759)
|
(43 026)
|
(43 283)
|
(43 630)
|
|
Selling, General & Administrative |
(19 306)
|
(19 175)
|
(22 241)
|
(23 802)
|
(25 048)
|
(24 041)
|
(26 645)
|
(27 264)
|
(28 054)
|
(27 072)
|
(29 875)
|
(30 843)
|
(31 674)
|
(29 989)
|
(32 567)
|
(32 979)
|
(33 211)
|
(31 423)
|
(33 835)
|
(34 017)
|
(34 705)
|
(35 842)
|
(36 479)
|
(37 454)
|
(38 352)
|
(38 599)
|
(38 860)
|
(38 724)
|
(38 494)
|
(38 982)
|
(39 288)
|
(39 834)
|
(40 469)
|
(40 576)
|
(41 218)
|
(41 792)
|
(42 139)
|
(42 758)
|
(43 026)
|
(43 283)
|
(43 629)
|
|
Depreciation & Amortization |
0
|
(1 471)
|
0
|
0
|
0
|
(1 471)
|
0
|
0
|
0
|
(1 946)
|
0
|
0
|
0
|
(2 061)
|
0
|
0
|
0
|
(2 021)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(323)
|
(1)
|
(2)
|
0
|
(1)
|
0
|
0
|
(3)
|
(2)
|
(3)
|
0
|
(2)
|
(1)
|
(1)
|
(2)
|
0
|
(1)
|
(2)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
(2)
|
(3)
|
0
|
(2)
|
(1)
|
(2)
|
0
|
(1)
|
(1)
|
0
|
0
|
(1)
|
|
Operating Income |
2 588
N/A
|
2 091
-19%
|
1 725
-18%
|
1 773
+3%
|
1 858
+5%
|
2 641
+42%
|
3 280
+24%
|
3 505
+7%
|
3 568
+2%
|
3 783
+6%
|
3 093
-18%
|
2 580
-17%
|
2 339
-9%
|
2 113
-10%
|
2 493
+18%
|
2 835
+14%
|
3 135
+11%
|
3 163
+1%
|
2 783
-12%
|
2 368
-15%
|
1 915
-19%
|
1 428
-25%
|
1 550
+9%
|
1 748
+13%
|
1 616
-8%
|
1 615
0%
|
1 220
-24%
|
2 174
+78%
|
3 160
+45%
|
3 429
+9%
|
4 157
+21%
|
3 936
-5%
|
3 719
-6%
|
3 852
+4%
|
3 533
-8%
|
3 089
-13%
|
3 133
+1%
|
3 163
+1%
|
3 266
+3%
|
3 776
+16%
|
3 888
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(271)
|
(284)
|
(292)
|
(295)
|
(298)
|
(291)
|
(289)
|
(286)
|
(277)
|
(270)
|
(261)
|
(244)
|
(228)
|
(205)
|
(202)
|
(198)
|
(196)
|
(205)
|
(211)
|
(219)
|
(227)
|
(221)
|
(231)
|
(232)
|
(232)
|
(229)
|
(221)
|
(216)
|
(212)
|
(206)
|
(198)
|
(79)
|
(72)
|
(65)
|
(89)
|
(221)
|
(244)
|
(272)
|
(295)
|
(291)
|
(287)
|
|
Non-Reccuring Items |
(109)
|
(366)
|
(374)
|
(460)
|
(509)
|
(247)
|
(281)
|
(263)
|
(295)
|
(412)
|
(377)
|
(264)
|
(190)
|
(253)
|
(264)
|
(469)
|
(589)
|
(975)
|
(950)
|
(753)
|
(643)
|
(101)
|
(111)
|
(54)
|
(49)
|
(1 542)
|
(1 538)
|
(1 707)
|
(1 713)
|
(402)
|
(402)
|
(344)
|
(338)
|
(404)
|
(399)
|
(388)
|
(399)
|
(343)
|
(339)
|
(245)
|
(243)
|
|
Gain/Loss on Disposition of Assets |
35
|
113
|
111
|
107
|
107
|
1
|
2
|
2
|
2
|
0
|
32
|
70
|
70
|
42
|
52
|
14
|
14
|
(26)
|
(6)
|
(7)
|
(12)
|
(28)
|
(30)
|
(42)
|
(47)
|
(49)
|
(49)
|
(66)
|
0
|
838
|
(56)
|
(50)
|
(63)
|
(63)
|
(64)
|
(46)
|
(47)
|
(48)
|
(48)
|
(56)
|
(45)
|
|
Total Other Income |
215
|
216
|
229
|
223
|
178
|
190
|
155
|
219
|
231
|
378
|
397
|
318
|
322
|
209
|
208
|
204
|
239
|
336
|
292
|
289
|
273
|
344
|
361
|
381
|
366
|
227
|
230
|
266
|
1 066
|
308
|
1 464
|
1 521
|
712
|
692
|
491
|
507
|
492
|
519
|
457
|
375
|
357
|
|
Pre-Tax Income |
2 456
N/A
|
1 770
-28%
|
1 397
-21%
|
1 347
-4%
|
1 335
-1%
|
2 295
+72%
|
2 867
+25%
|
3 177
+11%
|
3 229
+2%
|
3 479
+8%
|
2 884
-17%
|
2 460
-15%
|
2 313
-6%
|
1 906
-18%
|
2 287
+20%
|
2 386
+4%
|
2 603
+9%
|
2 293
-12%
|
1 908
-17%
|
1 678
-12%
|
1 306
-22%
|
1 422
+9%
|
1 539
+8%
|
1 801
+17%
|
1 654
-8%
|
22
-99%
|
(358)
N/A
|
451
N/A
|
2 301
+410%
|
3 967
+72%
|
4 965
+25%
|
4 984
+0%
|
3 958
-21%
|
4 012
+1%
|
3 472
-13%
|
2 941
-15%
|
2 935
0%
|
3 019
+3%
|
3 041
+1%
|
3 559
+17%
|
3 670
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 361)
|
(1 073)
|
(866)
|
(866)
|
(878)
|
(1 316)
|
(1 538)
|
(1 622)
|
(1 642)
|
(1 599)
|
(1 444)
|
(1 332)
|
(1 314)
|
(1 262)
|
(1 346)
|
(1 459)
|
(1 392)
|
(1 271)
|
(1 076)
|
(904)
|
(861)
|
(962)
|
(1 081)
|
(1 239)
|
(1 237)
|
(918)
|
(836)
|
(987)
|
(1 512)
|
(1 769)
|
(1 986)
|
(1 941)
|
(1 644)
|
(1 624)
|
(1 567)
|
(1 465)
|
(1 465)
|
(1 389)
|
(1 358)
|
(1 575)
|
(1 547)
|
|
Income from Continuing Operations |
1 094
|
698
|
531
|
481
|
458
|
979
|
1 329
|
1 555
|
1 587
|
1 880
|
1 440
|
1 128
|
999
|
644
|
941
|
927
|
1 211
|
1 022
|
832
|
774
|
445
|
460
|
458
|
562
|
417
|
(896)
|
(1 194)
|
(536)
|
789
|
2 198
|
2 979
|
3 043
|
2 314
|
2 388
|
1 905
|
1 476
|
1 470
|
1 630
|
1 683
|
1 984
|
2 123
|
|
Income to Minority Interest |
(97)
|
(29)
|
(6)
|
(14)
|
(24)
|
(93)
|
(107)
|
(131)
|
(135)
|
(158)
|
(136)
|
(110)
|
(98)
|
(72)
|
(70)
|
(57)
|
(27)
|
0
|
1
|
3
|
3
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
2
|
6
|
16
|
5
|
(3)
|
(11)
|
(27)
|
(19)
|
(15)
|
(14)
|
(13)
|
|
Net Income (Common) |
998
N/A
|
668
-33%
|
525
-21%
|
466
-11%
|
433
-7%
|
886
+105%
|
1 221
+38%
|
1 424
+17%
|
1 451
+2%
|
1 720
+19%
|
1 303
-24%
|
1 017
-22%
|
898
-12%
|
571
-36%
|
869
+52%
|
868
0%
|
1 184
+36%
|
1 022
-14%
|
834
-18%
|
778
-7%
|
450
-42%
|
462
+3%
|
458
-1%
|
561
+22%
|
416
-26%
|
(895)
N/A
|
(1 193)
-33%
|
(535)
+55%
|
792
N/A
|
2 198
+178%
|
2 982
+36%
|
3 051
+2%
|
2 329
-24%
|
2 394
+3%
|
1 902
-21%
|
1 465
-23%
|
1 445
-1%
|
1 610
+11%
|
1 667
+4%
|
1 969
+18%
|
2 108
+7%
|
|
EPS (Diluted) |
41.58
N/A
|
27.83
-33%
|
21.87
-21%
|
19.41
-11%
|
18.04
-7%
|
37.08
+106%
|
48.84
+32%
|
47.46
-3%
|
48.36
+2%
|
60.11
+24%
|
43.43
-28%
|
33.9
-22%
|
29.93
-12%
|
19.29
-36%
|
28.96
+50%
|
28.93
0%
|
39.46
+36%
|
34.31
-13%
|
27.8
-19%
|
25.09
-10%
|
14.55
-42%
|
15.01
+3%
|
15.04
+0%
|
18.43
+23%
|
13.67
-26%
|
-29.46
N/A
|
-39.28
-33%
|
-17.64
+55%
|
26.12
N/A
|
72.89
+179%
|
98.89
+36%
|
101.11
+2%
|
77.17
-24%
|
79.35
+3%
|
63.03
-21%
|
48.54
-23%
|
47.88
-1%
|
53.35
+11%
|
55.24
+4%
|
65.25
+18%
|
69.85
+7%
|