SBC Medical Group is a management services company that supports a network of aesthetic medical clinics in Japan, primarily under the "Shonan Beauty Clinic" brand. SBC does not directly own or staff most of the clinics it supports. Instead, it provides back-office and operational services to independent medical corporations (MCs) that own and run the clinics under franchise or service agreements. As of December 31, 2025, SBC provides management services to 237 franchisee treatment centers in Japan. The clinics offer surgical and non-surgical cosmetic procedures, including eyelid surgery, rhinoplasty, breast augmentation, laser hair removal, and cosmetic dentistry. SBC charges the MCs fees across four main revenue streams: franchising royalties for use of the Shonan Beauty Clinic brand (~26% of FY25 revenue), procurement services where SBC acts as a purchasing agent for advertising, equipment, and supplies (~32%), management services covering IT, HR, and administrative support (~17%), and equipment and facility rentals (~13%). The key revenue driver is clinic count, since fees scale with the number of clinics served. SBC's customer relationships are concentrated — the top three MCs account for roughly two-thirds of related-party revenue, and all MCs are related parties tied to SBC's CEO. Beyond Japan, SBC directly owns 21 clinics in Singapore and one in Vietnam, and holds an ~18% stake in U.S.-based OrangeTwist. SBC's growth strategy centers on expanding its managed clinic network, launching new brands targeting different customer segments, and pursuing international expansion.