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WELLNET, The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Dividend Revised Upward by 1.54 yen

Wed Apr 30, 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 April 30th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending June 2025 (July 2024 to March 2025) expanded 1.42 billion yen, an increase 54.0% compared to the same period last year.

In addition, the full-year ordinary profit has been revised upward 6.7%, from the previous forecast of 1.5 billion yen to 1.6 billion yen (compared to 1.22 billion yen in the previous period), increasing the growth rate from 22.6% to 30.8%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the January to June period (2H) is expected to increase 14.7%, from the previous forecast of 0.68 billion yen to 0.78 billion yen (compared to 0.65 billion yen in the same period of the previous year), increasing the growth rate from 3.3% to 18.5%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 26.46 yen to 28 yen (compared to 22.15 yen in the previous period).

In the most recent three-month period, from January to March (3Q), the ordinary profit increased 67.7% from the same period last year, reaching 0.6 billion yen. The operating profit margin rose from 13.5% in the same period last year to 16.3%.

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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
Jul - Mar, 2022 7,169 784 785 533 28.3 84.0 May 8, 2023 J-GAAP
Jul - Mar, 2023 7,560 922 923 643 34.1 75.5 May 8, 2024 J-GAAP
Jul - Mar, 2024 8,309 1,259 1,421 913 48.8 88.8 Apr 30, 2025 J-GAAP
YoY +9.9% +36.6% +54.0% +42.0% +43.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Prev 6,401 ー 681 437 23.3 26.46 Jan 31, 2025 J-GAAP
Jan - Jun, 2025 New 5,201 ー 781 487 26.0 28 Apr 30, 2025 J-GAAP
Revision Rate -18.7% － +14.7% +11.4% +11.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2025 Prev 12,000 ー 1,500 1,000 53.3 26.46 Aug 14, 2024 J-GAAP
Jun, 2025 New 10,800 ー 1,600 1,050 56.0 28 Apr 30, 2025 J-GAAP
Revision Rate -10.0% － +6.7% +5.0% +5.0%

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 5,201 ー 781 487 26.0 28 Apr 30, 2025 J-GAAP
YoY -0.6% － +18.5% +8.0% +8.7%

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 10,800 ー 1,600 1,050 56.0 28 Apr 30, 2025 J-GAAP
YoY +6.6% － +30.8% +25.6% +26.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 2,710 443 602 350 18.7 16.3 Apr 30, 2025 J-GAAP
YoY +1.8% +23.4% +67.7% +35.7% +36.7%

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