eWeLL Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 16%, July-September Ordinary Profit Increases by 14%

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Thu Nov 14, 2024 3:30 pm JST Earnings

5038 eWeLL Co.,Ltd. 【J-GAAP】

Earnings Report

eWeLL Co.,Ltd. <5038> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 16.2% from the same period last year, reaching 825 million yen. However, The progress rate against the 1.11 billion yen full-year plan was 74.2%, also falling below the same period of the previous year of 78.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 43.5% from the same period last year, reaching 287 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit grew by 14.3% from the same period last year, reaching 296 million yen. However, the operating profit margin decreased from 49.0% in the same period last year to 45.0%.

Kabutan News

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
Jan - Sep, 2022	1,157	546	529	364	27.6	78.3	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	1,499	708	710	474	33.8	78.0	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	1,860	823	825	579	38.7	74.2	Nov 14, 2024	J-GAAP
YoY	+24.1%	+16.2%	+16.2%	+22.2%	+14.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,099	459	459	323	22.7	10	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,355	583	583	384	25.4	11	Aug 14, 2024	J-GAAP
YoY	+23.3%	+27.0%	+27.0%	+18.9%	+11.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,603	692	676	449	33.6	7.50	Feb 13, 2023	J-GAAP
Dec, 2023	2,069	908	910	612	43.1	10	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	2,560	1,111	1,112	749	49.5	11	Feb 13, 2024	J-GAAP
YoY	+23.7%	+22.4%	+22.2%	+22.4%	+15.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	529	259	259	185	13.2	49.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	570	200	200	138	9.7	35.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	574	234	234	161	10.8	40.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	631	294	295	204	13.7	46.6	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	655	295	296	214	14.3	45.0	Nov 14, 2024	J-GAAP
YoY	+23.8%	+13.9%	+14.3%	+15.7%	+8.3%