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WELLNEO SUGAR, Apr-Dec (Cumulative 3Q) Net Income Increases by 12%, Exceeds Full-Year Plan

Mon Feb 10, 2025 1:00 pm JST Earnings

2117 WELLNEO SUGAR Co., Ltd. 【IFRS】

Earnings Report

WELLNEO SUGAR Co., Ltd. <2117> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 10th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 11.6% from the same period last year, reaching 5.4 billion yen. The progress rate toward the full-year plan of 5 billion yen is 108.0%, already exceeding the target and also exceeding the five-year average of 93.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a loss of 0.4 billion yen (compared to a profit of 0.68 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 10.7% from the same period last year, reaching 1.93 billion yen. The operating profit margin improved from 9.3% in the same period last year to 10.5%.

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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
Apr - Dec, 2022 38,042 1,250 1,413 839 38.0 78.3 Feb 8, 2023 IFRS
Apr - Dec, 2023 69,985 5,016 6,638 4,838 147.7 87.0 Feb 8, 2024 IFRS
Apr - Dec, 2024 74,834 7,611 7,811 5,401 164.8 110.0 Feb 10, 2025 IFRS
YoY +6.9% +51.7% +17.7% +11.6% +11.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 47,227 3,124 3,425 2,437 74.4 56 May 14, 2024 IFRS
Oct - Mar, 2024 Guidance 46,779 2,172 2,133 1,538 46.9 46 Nov 7, 2024 IFRS
YoY -0.9% -30.5% -37.7% -36.9% -37.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 58,347 1,606 1,804 1,062 43.3 70 May 12, 2023 IFRS
Mar, 2024 92,192 5,802 7,627 5,524 168.6 102 May 14, 2024 IFRS
Mar, 2025 Guidance 95,000 7,000 7,100 5,000 152.4 92 May 14, 2024 IFRS
YoY +3.0% +20.6% -6.9% -9.5% -9.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 25,020 2,338 2,436 1,751 53.5 9.3 Feb 8, 2024 IFRS
Jan - Mar, 2024 22,207 786 989 686 20.9 3.5 May 14, 2024 IFRS
Apr - Jun, 2024 24,400 2,313 2,387 1,622 49.5 9.5 Aug 5, 2024 IFRS
Jul - Sep, 2024 23,821 2,515 2,580 1,840 56.2 10.6 Nov 7, 2024 IFRS
Oct - Dec, 2024 26,613 2,783 2,844 1,939 59.2 10.5 Feb 10, 2025 IFRS
YoY +6.4% +19.0% +16.7% +10.7% +10.7%

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