MEDIUMBuilt-in & outside partyCustomer
franchisee medical corporations
“10-K Item 1A: 'We have substantial franchisee concentration.'”
SBC · Concentration risk · 10-K extracted
SBC Medical Group Holdings Inco (SBC) concentration risks
Updated
The most significant concentration SBC Medical Group Holdings Inco discloses is franchisee medical corporations, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: SBC Medical Group Holdings Inco’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
Japan
“10-K Item 1A: 'a large percentage of revenues are concentrated with a limited number of franchisees that mainly operate the franchise locations in Japan'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-08-30SBC Medical Group's concentration profile is narrow but self-reinforcing. The company discloses a medium-share dependency on franchisee medical corporations, meaning its revenue runs through a limited set of franchisee operators rather than a broad, arm's-length customer base. That dependency is compounded by a medium-share geographic concentration in Japan, where the franchisee network is predominantly based. Read together, these are less two separate exposures than one: the franchisee reliance is a mixed dependency risk tied to the operating health of specific partners, while the Japan concentration is structural, reflecting where the network itself is built. Neither is quantified with a specific percentage in the filing, but the overlap matters — a disruption affecting a major franchisee or Japan-specific operating conditions would touch the same underlying exposure rather than diversifying the impact. For an investor, this reads as a single concentrated bet on the health of Japan's franchise operators rather than two independent, uncorrelated risks, even though the filing frames them as distinct disclosure items.
For the engine’s reasoning on SBC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Consulting Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BAH | Booz Allen Hamilton Holding Cor | 1 | 0 | 2 | 3 |
| SBC● | SBC Medical Group Holdings Inco | 0 | 2 | 0 | 2 |
| HURN | Huron Consulting Group Inc. | 0 | 1 | 1 | 2 |
| EFX | Equifax, Inc. | 0 | 0 | 1 | 1 |
| CRAI | CRA International,Inc. | 0 | 0 | 0 | 0 |
| FCN | FTI Consulting, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.