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eWeLL, First Half Ordinary Profit Increases by 50%

Thu Aug 14, 2025 3:31 pm JST Earnings

5038 eWeLL Co.,Ltd. 【J-GAAP】

Earnings Report

eWeLL Co.,Ltd. <5038> [TSE Growth] announced its financial results after the market closed on August 14th (15:31). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending December 2025 (January to June) expanded 0.79 billion yen, an increase 49.5% compared to the same period last year, exceeded the previous forecast of 0.68 billion yen.

Progress toward the full-year plan of 1.49 billion yen was 52.8%, also surpassing the three-year average of 48.5%.

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 July to December period (second half) is expected to grow 16.3% from the same period last year, reaching 0.70 billion yen.

In the most recent three-month period, from April to June (2Q), the ordinary profit increased 40.0% from the same period last year, reaching 0.41 billion yen. The operating profit margin rose from 46.6% in the same period last year to 48.5%.

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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
Jan - Jun, 2023 970 449 451 289 20.8 49.6 Aug 10, 2023 J-GAAP
Jan - Jun, 2024 1,205 528 529 365 24.4 46.5 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 1,603 788 791 548 36.2 52.8 Aug 14, 2025 J-GAAP
YoY +33.0% +49.2% +49.5% +50.1% +48.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 1,564 683 685 475 31.4 0 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 1,603 788 791 548 36.2 0 Aug 14, 2025 J-GAAP
Revision Rate +2.5% +15.4% +15.5% +15.4% +15.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 1,366 607 609 443 29.5 12 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 1,746 706 708 492 32.3 15 Aug 14, 2025 J-GAAP
YoY +27.8% +16.3% +16.3% +11.1% +9.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,069 908 910 612 43.1 10 Feb 13, 2024 J-GAAP
Dec, 2024 2,571 1,135 1,138 808 53.8 12 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 3,349 1,494 1,499 1,040 68.2 15 Feb 14, 2025 J-GAAP
YoY +30.3% +31.6% +31.7% +28.7% +26.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 631 294 295 204 13.7 46.6 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 655 295 296 214 14.3 45.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 711 312 313 229 15.3 43.9 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 754 376 378 261 17.3 49.9 May 15, 2025 J-GAAP
Apr - Jun, 2025 849 412 413 287 19.0 48.5 Aug 14, 2025 J-GAAP
YoY +34.5% +40.1% +40.0% +40.7% +38.8%

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