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Sbc Medical Group Holdings Incorporated's Business Segments
Sbc Medical Group Holdings Incorporated's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
10
Largest Segment
Consolidated
Total Revenue
$ 49
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Consolidated0%
- SBC Core Segment0%
- Product and Service Subtotal0%
- Procurement Services52.3%
- Management Services50.4%
- Franchising37.8%
- Other23%
- Waqoo Segment19.8%
- Rental Services14.9%
- Intersegment Elimination Segment0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Consolidated | $ 92 | - |
| SBC Core Segment | $ 88 | - |
| Product and Service Subtotal | $ 88 | - |
7 more segments available
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Revenue by Product & Service Category - FY
- Procurement Services29.1%
- Management Services28.2%
- Franchising21.5%
- Other14.8%
- Rental Services8.1%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Procurement Services | $ 12 | 29.1% |
| Management Services | $ 12 | 28.2% |
| Franchising | $ 9 | 21.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
2 more categories available
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Annual Results
Revenue Share by Reportable Segment - FY
- Consolidated0%
- SBC Core Segment0%
- Product and Service Subtotal0%
- Procurement Services52.3%
- Management Services50.4%
- Franchising37.8%
- Other23%
- Waqoo Segment19.8%
- Rental Services14.9%
- Intersegment Elimination Segment0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Consolidated | $ 92 | - |
| SBC Core Segment | $ 88 | - |
| Product and Service Subtotal | $ 88 | - |
7 more segments available
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Description of Sbc Medical Group Holdings Incorporated
SBC Medical Group Holdings Incorporated, formerly Pono Capital Two, Inc., is a management company with offices in Irvine, California, and Tokyo, Japan. It provides management services to aesthetic clinics in Japan owned and operated by medical corporations and franchisees. The company owns and operates clinics in Vietnam and Singapore and pursues U.S. market initiatives through strategic investments and alliances. Its history dates back to 2003 with L’Ange Cosmetique Co., Ltd. and SBC Japan, focusing on management services for medical corporations and clinics. Services include advertising and marketing, staff management, booking and reservation services, employee housing and facility rentals, leasehold improvements, medical equipment procurement, cosmetic product provision, licensing of medical technologies, trademark and brand use, IT software solutions including remote consultations, customer rewards program management, and payment tools. As of December 31, 2025, SBC Medical Group managed 237 franchisee treatment centers in Japan and operated 21 centers in Singapore through Aesthetic Healthcare Holdings and subsidiaries. It owned one treatment center in Ho Chi Minh City, Vietnam, and previously managed one in Irvine, California until May 2025. In the U.S., it holds a minority equity interest in OT Midco, which operates 24 treatment centers. The clinics provide surgical and non-surgical medical services, including cosmetic surgery, dermatology, and dentistry.
The Company operates in a single segment, generating revenue primarily through comprehensive management services for franchisee cosmetic treatment centers. These services include advertising, staffing, procurement, IT solutions, and licensing of medical technologies and trademarks. The Company wholly owns SBC Medical Group, Inc. and SBC MEDICAL APAC PTE. LTD. SBC Medical Group, Inc. operates through 15 wholly owned subsidiaries—SBC Medical Group Co., Ltd., Liesta Co., Ltd., SBC Sealane Co., Ltd., SBC Marketing Co., Ltd., SBC Medical Consulting Co., Ltd., Shoubikai Medical Vietnam Co. Ltd., SBC Healthcare, Inc., SBC Irvine, LLC, Aesthetic Healthcare Holdings Pte., Ltd., Wen & Weng Family Clinic Pte., Ltd., Wen & Weng Medical Group Pte., Ltd., Rochor Clinic Pte., Ltd., Dermasolutions Pte., Ltd., Dermasolutions Services Pte., Ltd., and MB Career Lounge Co., Ltd.—and three majority owned subsidiaries: Medical Payment Co., Ltd., Waqoo, Inc., and Cell Pro Japan Co., Ltd., the latter being a wholly owned subsidiary of Waqoo. The Company also consolidates Aikawa Medical Management, Inc., its variable interest entity. Effective January 1, 2026, SBC Marketing Co., Ltd. merged into SBC Medical Group Co., Ltd. On January 7, 2026, the Company established SBC Medical M&A Advisory Co., Ltd. to provide healthcare-focused M&A advisory services. The Company sold its subsidiaries Kijimadaira Resort Inc. and Skynet Academy Co., Ltd. to entities owned by Yoshiyuki Aikawa, CEO, to focus on its core medical business; these disposals did not constitute a strategic shift with significant effects on operations or financial results.