WELLNET, First Half Ordinary Profit Increases by 45%, Oct-Dec Ordinary Profit Increases by 29%

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Fri Jan 31, 2025 3:30 pm JST Earnings

2428 WELLNET CORPORATION 【J-GAAP】

Earnings Report

WELLNET CORPORATION <2428> [TSE Std] announced its financial results after the market closed on January 31st (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending June 2025 (July to December) expanded 0.81 billion yen, an increase 45.2% compared to the same period last year. The progress rate toward the full-year plan of 1.5 billion yen was 54.6%, almost the same as the five-year average of 53.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to June period (2H) is expected to grow 3.3% from the same period last year, reaching 0.68 billion yen.

In the most recent three-month period, from October to December (2Q), the ordinary profit grew 29.4% from the same period last year, reaching 0.39 billion yen. The operating profit margin rose from 11.7% in the same period last year to 14.1%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jul - Dec, 2022	4,920	562	561	444	23.6	60.0	Feb 3, 2023	J-GAAP
Jul - Dec, 2023	4,897	563	564	385	20.4	46.1	Feb 2, 2024	J-GAAP
Jul - Dec, 2024	5,599	816	819	563	30.1	54.6	Jan 31, 2025	J-GAAP
YoY	+14.3%	+44.9%	+45.2%	+46.2%	+47.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 Results	5,599	816	819	563	30.1	0	Jan 31, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	5,235	659	659	451	23.9	22.15	Aug 14, 2024	J-GAAP
Jan - Jun, 2025 Guidance	6,401	ー	681	437	23.3	26.46	Jan 31, 2025	J-GAAP
YoY	+22.3%	－	+3.3%	-3.1%	-2.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	9,424	939	935	635	33.7	16.84	Aug 14, 2023	J-GAAP
Jun, 2024	10,132	1,222	1,223	836	44.3	22.15	Aug 14, 2024	J-GAAP
Jun, 2025 Guidance	12,000	ー	1,500	1,000	53.3	26.46	Aug 14, 2024	J-GAAP
YoY	+18.4%	－	+22.6%	+19.6%	+20.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,582	302	303	207	11.0	11.7	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	2,663	359	359	258	13.7	13.5	May 8, 2024	J-GAAP
Apr - Jun, 2024	2,572	300	300	193	10.2	11.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,816	423	427	294	15.6	15.0	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	2,783	393	392	269	14.4	14.1	Jan 31, 2025	J-GAAP
YoY	+7.8%	+30.1%	+29.4%	+30.0%	+31.4%