■Performance Trends of Mia Health Holdings＜7129＞
(2) Nursing care business
Sales in the nursing care business were 3,324 million yen, down 3.5% from the previous fiscal year, and 131 million yen (loss of 147 million yen in the previous fiscal year) due to segment losses. While 5 offices (2 home-visit nursing care establishments, 1 home care support office, 1 home-visit nursing office, 1 housing for the elderly with services) were established as new bases, the closure of 5 establishments (day care establishments 4, regular patrol offices 1), which had become unprofitable, was carried out. As for day-care establishments, all establishments operated independently were organized and narrowed down to only bases that provide multiple services, such as serviced housing for the elderly.
As for sales, the number of users decreased 24.4% from the previous fiscal year due to the closure and suspension of day-care establishments, which was a factor in the decline in sales. Meanwhile, with regard to in-home services, the occupancy rate of serviced housing for the elderly rose from 90.4% in the previous fiscal year to 92.1% (96.7% in the fourth quarter) on average during the fiscal year. The occupancy rate of the hospice “Mia Helsa Medicare Oasis Shin-Yurigaoka (capacity 44 people),” which opened in September 2021, has increased, and profit contributions have begun. Also, the “hospice compatible home (capacity 61 people)” that opened in Nagareyama, Chiba prefecture in 2023/8 has been steadily rising, with the occupancy rate rising to the 60% range at the end of the fiscal year, and when viewed in the second half alone, sales increased 1.9% from the same period last year and began to increase sales.
In terms of profit, although there was an upfront cost of about 80 million yen associated with the establishment of a “hospice compatible home,” the amount of loss seemed to shrink slightly due to the effects of closing unprofitable establishments. Furthermore, impairment losses of 256 million yen and expenses related to closed offices of 11 million yen have been recorded as extraordinary losses.
(3) Childcare business
Sales in the childcare business increased 3.2% from the previous fiscal year to 9,162 million yen, and segment profit increased 27.2% to 683 million yen, a continuous increase in sales and profit, breaking record highs. Three authorized daycare centers and 1 school children's club were established during the term, and in addition to closing 1 certified daycare center at the end of 2024/3, business contracts for 2 school children's clubs were terminated.
The increase in sales was mainly due to an increase in the number of children enrolled in approved daycare centers established in 2022/4 and 2023/4, which increased 2.7% compared to the previous fiscal year. In terms of profit, in addition to strengthening recruitment activities for nursery teachers, etc., and striving to obtain additional credit by reviewing the personnel system, the closure of certified nursery schools, etc. that were unprofitable at the end of 2023/3, and efforts to reduce indirect costs were factors in increasing profit.
(4) Others
Sales in the food business fell 1.6% from the previous fiscal year to 929 million yen, and segment profit fell 42.5% to 27 million yen. In addition to an increase in class closures due to the spread of influenza, etc., the school lunch sector remained sluggish due to the effects of rising prices. Also, the number of customers of the sushi delivery “Gin no Sara,” which is being developed as a franchisee, also declined due to the effects of implementing price revisions in addition to falling meal delivery needs, which was a factor in the decline in sales and profit.
(Author: FISCO Visiting Analyst Joe Sato)