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Wellco Holdings Corporation, Third Quarter Cumulative (November-July) Net Income Turns to Loss, 3Q (May-July) Net Income Turns to Loss

Tue Sep 17, 2024 3:00 pm JST Earnings

7831 Wellco Holdings Corporation 【J-GAAP】

Earnings Report

Wellco Holdings Corporation <7831> [TSE-S] announced its financial results after the market closed on September 17th (15:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) turned into a loss of 260 million yen (compared to a profit of 123 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the August to October period (4Q) is expected to turn into a profit of 360 million yen (compared to a loss of 121 million yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the consolidated net income/loss turned to a loss of 125 million yen (compared to a profit of 13 million yen in the same period last year). The operating profit/loss margin drastically worsened from 0.6% in the same period last year to -3.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Nov - Jul, 2021 7,030 316 388 363 7.4 115.1 Sep 12, 2022 J-GAAP
Nov - Jul, 2022 6,720 129 133 123 -1.8 886.7 Sep 12, 2023 J-GAAP
Nov - Jul, 2023 6,506 -30 0 -260 -10.6 0.0 Sep 17, 2024 J-GAAP
YoY -3.2% － － － -482.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 4,046 -103 -106 -108 -5.9 2 Dec 12, 2023 J-GAAP
May - Oct, 2024 Guidance 4,508 60 37 235 9.6 2 Jul 16, 2024 J-GAAP
YoY +11.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 9,033 267 337 327 13.3 2 Dec 12, 2022 J-GAAP
Oct, 2023 8,816 14 15 2 0.1 2 Dec 12, 2023 J-GAAP
Oct, 2024 Guidance 9,000 100 100 100 4.1 2 Dec 12, 2023 J-GAAP
YoY +2.1% +614.3% +566.7% +4,900.0% +3,600.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 1,950 12 12 13 -6.3 0.6 Sep 12, 2023 J-GAAP
Aug - Oct, 2023 2,096 -115 -118 -121 -6.7 -5.5 Dec 12, 2023 J-GAAP
Nov - Jan, 2023 2,139 1 14 8 0.4 0.0 Mar 12, 2024 J-GAAP
Feb - Apr, 2024 2,353 39 49 -143 -5.9 1.7 Jul 16, 2024 J-GAAP
May - Jul, 2024 2,014 -70 -63 -125 -5.1 -3.5 Sep 17, 2024 J-GAAP
YoY +3.3% － － － +19.2%

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