TSE:3593Medical Equipment
Hogy Medical (TSE:3593) One-Off ¥733M Loss Challenges Defensive Margin Narrative
Hogy MedicalLtd (TSE:3593) booked a one-off loss of ¥733.0 million over the twelve months to September 30, 2025, dragging net profit margins down to 3.2% from last year’s 7.5%. Earnings have declined by 18.7% per year over the past five years, and the company now trades on an 88.1x Price-To-Earnings Ratio, which is well above the Japanese medical equipment industry average of 15.8x and the peer average of 22.6x. Despite these setbacks, forecasts call for earnings to rebound, with growth...