SBC Medical Group Holdings Inc. Joins Russell 3000® Index, Names New CMO

SBC Medical Group Holdings Inc. (NASDAQ: SBC), a leading global franchise and provider of services for aesthetic clinics, has achieved a notable milestone by being added to the Russell 3000® Index, effective as of the close of trading on June 30. This inclusion not only enhances the company's visibility among a broader base of investors but also signifies its growing relevance in the global economy. The Russell 3000 Index, a benchmark for about $18.1 trillion in assets globally, is a critical indicator for investment managers and institutional investors. In the U.S. alone, approximately $10.6 trillion in assets are benchmarked against the Russell U.S. indexes, underscoring the significance of SBC Medical Group's inclusion.

Membership in the Russell 3000 Index automatically places SBC Medical Group in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, along with the appropriate growth and value style indexes. This development is expected to reduce stock volatility and attract more institutional investors, as evidenced by the positive movement in SBC's shares on the first day of trading post-inclusion. Fiona Bassett, CEO of FTSE Russell, emphasized the importance of the Russell indexes' adaptability to the evolving U.S. economy, highlighting the recalibration's role in maintaining market representation accuracy.

The inclusion in the Russell 3000 Index also reflects the burgeoning popularity of the cosmetic surgery market, both in Japan and globally. SBC Medical Group reported robust first-quarter results, with earnings per share up 5% year-over-year and EBITDA margins increasing to 52%. The company operates 251 clinics, with a significant portion of customers visiting franchisee clinics multiple times during the quarter, indicating strong brand loyalty and market penetration.

In a strategic move to bolster its brand and marketing efforts, SBC Medical Group announced the appointment of Shinya Inoue as its new Chief Marketing Officer (CMO). Inoue, with his extensive experience in brand strategy and digital marketing at companies like Pioneer Corporation, P&G Japan, and Adobe, is tasked with enhancing the company's brands, including Shonan Beauty Clinic, and driving digital innovation. Yoshiyuki Aikawa, CEO of SBC Medical Group, expressed confidence in Inoue's ability to contribute to the company's global expansion and brand elevation.

Inoue's appointment and the company's inclusion in the Russell 3000 Index are pivotal steps in SBC Medical Group's growth strategy, aligning with the expanding cosmetic surgery market's dynamics. These developments position SBC Medical Group as a company to watch in the evolving landscape of medical aesthetics and investor markets.