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

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%

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