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WELLNEO SUGAR, Last Fiscal Year's Net Income Unexpectedly Increases, 6% Increase in Net Income for The Current Fiscal Year, Increased Previous Year's Dividend by 10 yen, This Fiscal Year to Increase Dividend by 6 yen

Wed May 14, 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 May 14th (13:00). The consolidated net income for the fiscal year ending March 2025 increased 0.7% from the previous period to 5.56 billion yen exceeding the previous forecast of 5 billion yen and resulted in an increase in profit, a complete reversal from the forecast for a decline in profit. For the fiscal year ending March 2026, the consolidated net income is expected to grow by 6.0% to 5.9 billion yen. This will be the fifth consecutive term of revenue and the third consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 92 yen to 102 yen (compared to 102 yen in the prior term), and has decided to increase the dividend this fiscal year to 108 yen, an increase of 6 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated net income significantly dropped to 0.16 billion yen, a 76.1% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 1.9%.

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Actual Results

Historical Performance
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 97,069 8,024 8,377 5,565 170.1 102 May 14, 2025 IFRS
YoY +5.3% +38.3% +9.8% +0.7% +0.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 95,000 7,000 7,100 5,000 152.4 92 May 14, 2024 IFRS
Mar, 2025 Results 97,069 8,024 8,377 5,565 170.1 102 May 14, 2025 IFRS
Revision Rate +2.2% +14.6% +18.0% +11.3% +11.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 48,221 4,828 4,967 3,462 105.7 46 Nov 7, 2024 IFRS
Apr - Sep, 2025 Guidance 58,000 4,300 4,300 3,000 91.7 54 May 14, 2025 IFRS
YoY +20.3% -10.9% -13.4% -13.3% -13.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 92,192 5,802 7,627 5,524 168.6 102 May 14, 2024 IFRS
Mar, 2025 97,069 8,024 8,377 5,565 170.1 102 May 14, 2025 IFRS
Mar, 2026 Guidance 114,000 8,500 8,500 5,900 180.2 108 May 14, 2025 IFRS
YoY +17.4% +5.9% +1.5% +6.0% +6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 22,235 413 566 164 5.0 1.9 May 14, 2025 IFRS
YoY +0.1% -47.5% -42.8% -76.1% -76.1%

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