In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Medical System Network has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

TSE:4350 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	132,186	1,070	-6,303	-3,441	N/A
12/31/2025	129,176	827	N/A	N/A	N/A
9/30/2025	126,489	1,507	1,205	4,201	N/A
6/30/2025	124,068	1,170	N/A	N/A	N/A
3/31/2025	122,387	1,262	1,374	4,459	N/A
12/31/2024	121,077	1,612	N/A	N/A	N/A
9/30/2024	118,661	1,206	1,950	4,631	N/A
6/30/2024	117,124	1,882	N/A	N/A	N/A
3/31/2024	115,361	1,860	5,615	7,725	N/A
12/31/2023	113,848	2,108	N/A	N/A	N/A
9/30/2023	112,672	1,969	5,012	6,883	N/A
6/30/2023	110,908	1,667	N/A	N/A	N/A
3/31/2023	109,551	1,610	3,366	4,973	N/A
12/31/2022	108,695	1,445	N/A	N/A	N/A
9/30/2022	107,856	1,465	2,883	4,798	N/A
6/30/2022	107,070	1,902	N/A	N/A	N/A
3/31/2022	106,685	2,394	1,882	4,010	N/A
12/31/2021	105,958	2,329	N/A	N/A	N/A
9/30/2021	105,381	3,051	3,349	5,315	N/A
6/30/2021	105,009	2,982	N/A	N/A	N/A
3/31/2021	104,257	2,198	3,676	5,205	N/A
12/31/2020	104,465	792	N/A	N/A	N/A
9/30/2020	104,070	-535	1,148	2,427	N/A
6/30/2020	104,804	-1,193	N/A	N/A	N/A
3/31/2020	105,241	-895	2,774	4,232	N/A
12/31/2019	104,421	416	N/A	N/A	N/A
9/30/2019	102,888	561	N/A	5,496	N/A
6/30/2019	99,975	458	N/A	N/A	N/A
3/31/2019	98,232	462	N/A	2,840	N/A
12/31/2018	96,201	450	N/A	N/A	N/A
9/30/2018	94,985	778	N/A	3,292	N/A
6/30/2018	94,481	834	N/A	N/A	N/A
3/31/2018	93,977	1,022	N/A	6,699	N/A
12/31/2017	93,178	1,184	N/A	N/A	N/A
9/30/2017	92,016	868	N/A	6,574	N/A
6/30/2017	90,722	869	N/A	N/A	N/A
3/31/2017	88,865	571	N/A	3,084	N/A
12/31/2016	89,415	898	N/A	N/A	N/A
9/30/2016	89,011	1,017	N/A	3,912	N/A
6/30/2016	87,907	1,303	N/A	N/A	N/A
3/31/2016	87,715	1,720	N/A	6,409	N/A
12/31/2015	84,519	1,451	N/A	N/A	N/A
9/30/2015	81,742	1,424	N/A	5,527	N/A
6/30/2015	79,084	1,221	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 4350's forecast earnings growth is above the savings rate (0.8%).

Earnings vs Market: Insufficient data to determine if 4350's earnings are forecast to grow faster than the JP market

High Growth Earnings: Insufficient data to determine if 4350's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 4350's revenue is forecast to grow faster than the JP market.

High Growth Revenue: Insufficient data to determine if 4350's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 4350's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/10 05:44
End of Day Share Price	2026/06/10 00:00
Earnings	2026/03/31
Annual Earnings	2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Medical System Network Co., Ltd. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Masao Yoshida	Ichiyoshi Research Institute Inc.
Keiji Ebara	Marusan Securities Co. Ltd.
Hidekatsu Watanabe	Mizuho Securities Co., Ltd.

Medical System Network Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 73%

Price target increased by 50% to JP¥600

Medical System Network Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023

Medical System Network Co., Ltd. Provides Earnings Guidance for Full Year Ending March 31, 2023

Medical System Network Co., Ltd. Provides Earnings Guidance for the First Half Ending September 30, 2022 and Full Year Ending March 31, 2023

Consensus forecasts updated

Recent updates

Full year 2026 earnings released: EPS: JP¥36.61 (vs JP¥43.18 in FY 2025)

Medical System Network Co., Ltd., Annual General Meeting, Jun 23, 2026

Upcoming dividend of JP¥6.00 per share

Third quarter 2026 earnings released: EPS: JP¥19.09 (vs JP¥42.36 in 3Q 2025)

Medical System Network Co., Ltd. to Report Q3, 2026 Results on Feb 06, 2026

Medical System Network (TSE:4350) Has Announced A Dividend Of ¥6.00

First half dividend of JP¥6.00 announced

We Think Medical System Network's (TSE:4350) Robust Earnings Are Conservative

Second quarter 2026 earnings released: EPS: JP¥12.80 (vs JP¥1.27 in 2Q 2025)

Upcoming dividend of JP¥6.00 per share

Medical System Network (TSE:4350) Has Affirmed Its Dividend Of ¥6.00

Medical System Network Co., Ltd. to Report Q2, 2026 Results on Nov 07, 2025

First quarter 2026 earnings released: EPS: JP¥2.67 (vs JP¥5.82 in 1Q 2025)

Medical System Network (TSE:4350) Is Due To Pay A Dividend Of ¥6.00

Medical System Network's (TSE:4350) Dividend Will Be ¥6.00

Final dividend of JP¥6.00 announced

Full year 2025 earnings released: EPS: JP¥43.18 (vs JP¥61.86 in FY 2024)

Medical System Network Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025

Medical System Network's (TSE:4350) Conservative Accounting Might Explain Soft Earnings

Full year 2025 earnings released: EPS: JP¥43.18 (vs JP¥61.86 in FY 2024)

Medical System Network Co., Ltd., Annual General Meeting, Jun 24, 2025

Medical System Network Co., Ltd.'s (TSE:4350) Price Is Right But Growth Is Lacking After Shares Rocket 29%

Investor sentiment improves as stock rises 17%

Upcoming dividend of JP¥6.00 per share

Medical System Network (TSE:4350) Will Pay A Dividend Of ¥6.00

Medical System Network Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025

Third quarter 2025 earnings released: EPS: JP¥42.36 (vs JP¥27.57 in 3Q 2024)

Medical System Network's (TSE:4350) Dividend Will Be ¥6.00

First half dividend of JP¥6.00 announced

Medical System Network Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025

Medical System Network's (TSE:4350) Conservative Accounting Might Explain Soft Earnings

Second quarter 2025 earnings released: EPS: JP¥1.27 (vs JP¥23.63 in 2Q 2024)

Upcoming dividend of JP¥6.00 per share

Medical System Network (TSE:4350) Has Affirmed Its Dividend Of ¥6.00

Medical System Network Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024

Medical System Network (TSE:4350) Has Announced A Dividend Of ¥6.00

First quarter 2025 earnings released: EPS: JP¥5.82 (vs JP¥4.90 in 1Q 2024)

Investors Give Medical System Network Co., Ltd. (TSE:4350) Shares A 28% Hiding

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 25%

New minor risk - Market cap size

Medical System Network (TSE:4350) Is Paying Out A Dividend Of ¥6.00

Medical System Network (TSE:4350) Has Announced A Dividend Of ¥6.00

Final dividend of JP¥6.00 announced

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Shareholders Can Be Confident That Medical System Network's (TSE:4350) Earnings Are High Quality

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Medical System Network Co., Ltd., Annual General Meeting, Jun 20, 2024

Upcoming dividend of JP¥6.00 per share

Medical System Network Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024

Medical System Network (TSE:4350) Has Affirmed Its Dividend Of ¥6.00

Medical System Network Co., Ltd. (TSE:4350) announces an Equity Buyback for 950,000 shares, for ¥555.75 million.

Third quarter 2024 earnings released: EPS: JP¥27.57 (vs JP¥22.96 in 3Q 2023)

New major risk - Share price stability

Medical System Network Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024

Consensus EPS estimates increase by 73%

Price target increased by 50% to JP¥600

Second quarter 2024 earnings released: EPS: JP¥23.63 (vs JP¥13.62 in 2Q 2023)

Investor sentiment improves as stock rises 16%

Upcoming dividend of JP¥5.00 per share at 2.5% yield

Medical System Network Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023

First quarter 2024 earnings released: EPS: JP¥4.90 (vs JP¥3.02 in 1Q 2023)

Full year 2023 earnings: EPS exceeds analyst expectations

Medical System Network Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023

Now 26% undervalued after recent price drop

Medical System Network Co., Ltd., Annual General Meeting, Jun 21, 2023

Upcoming dividend of JP¥6.00 per share at 3.0% yield

Third quarter 2023 earnings released: EPS: JP¥22.96 (vs JP¥23.63 in 3Q 2022)

Medical System Network Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023