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Welby, Jan-Sep (Cumulative 3Q) Net Income Loss Narrows, Jul-Sep Net Income Loss Narrows

Fri Nov 14, 2025 4:00 pm JST Earnings

4438 Welby Inc. 【J-GAAP】

Earnings Report

Welby Inc. <4438> [TSE Growth] announced its financial results after the market closed on November 14th (16:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2025 (January to September) was a reduced loss of 415 million yen (compared to a loss of 524 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net loss improved to a deficit of 172 million yen (compared to a loss of 221 million yen in the same period last year). The operating profit/loss margin improved from -204.5% in the same period last year to -184.9%.

Kabutan News

Actual Performance and Financial Trends

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Progress Rate
vs. First Half
Announce Accounting
Standards
Jan - Sep, 2023
346M -402M -404M -388M -49.6 Nov 13, 2023 J-GAAP
Jan - Sep, 2024
297M -536M -537M -524M -64.6 Nov 14, 2024 J-GAAP
Jan - Sep, 2025
380M -421M -422M -415M -50.2 Nov 14, 2025 J-GAAP
YoY +27.9% +21.5% +21.4% +20.8% +22.2%

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
343M -347M -347M -501M -61.5 0 Feb 14, 2025 J-GAAP
Guidance
Jul - Dec, 2025
865M 163M 0 Aug 13, 2025 J-GAAP
YoY +152.2%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Dec, 2023
575M -437M -438M -505M -64.5 0 Feb 14, 2024 J-GAAP
Dec, 2024
528M -654M -655M -804M -98.6 0 Feb 14, 2025 J-GAAP
Guidance
Dec, 2025
1,152M -86M 0 Aug 13, 2025 J-GAAP
YoY +118.2% +86.9%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Jul - Sep, 2024
112M -229M -229M -221M -27.2 -204.5 Nov 14, 2024 J-GAAP
Oct - Dec, 2024
231M -118M -118M -280M -34.3 -51.1 Feb 14, 2025 J-GAAP
Jan - Mar, 2025
120M -161M -161M -167M -20.3 -134.2 May 15, 2025 J-GAAP
Apr - Jun, 2025
167M -88M -89M -76M -9.2 -52.7 Aug 13, 2025 J-GAAP
Jul - Sep, 2025
93M -172M -172M -172M -20.8 -184.9 Nov 14, 2025 J-GAAP
YoY -17.0% +24.9% +24.9% +22.2% +23.6%