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WELLNET, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 13% Decrease

Thu Apr 30, 2026 4:00 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 (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending June 2026 (July 2025 to March 2026) decreased 15.3% from the same period last year to 1.20 billion yen.

In addition, the full-year forecast for ordinary profit has decreased 14.7%, from the previous forecast of 1.70 billion yen to 1.45 billion yen (compared to 1.66 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 12.9% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the January to June period (second half) has decreased 25.8%, from the previous forecast of 0.96 billion yen to 0.71 billion yen (compared to 0.84 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 14.9% decrease in profit.

In the most recent three-month period, from January to March (3Q), the ordinary profit decreased to 0.47 billion yen, a 21.4% decrease compared to the same period last year. The operating profit margin decreased from 16.3% in the same period last year to 16.0%.

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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, 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 85.4 Apr 30, 2025 J-GAAP
Jul - Mar, 2025 7,621 1,117 1,204 835 44.3 83.0 Apr 30, 2026 J-GAAP
YoY -8.3% -11.3% -15.3% -8.5% -9.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2026 Prev 6,396 965 969 594 31.3 17.50 Jan 30, 2026 J-GAAP
Jan - Jun, 2026 New 4,896 635 719 494 26.1 17.50 Apr 30, 2026 J-GAAP
Revision Rate -23.5% -34.2% -25.8% -16.8% -16.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2026 Prev 11,500 1,680 1,700 1,100 58.0 29.50 Aug 8, 2025 J-GAAP
Jun, 2026 New 10,000 1,350 1,450 1,000 52.8 29.50 Apr 30, 2026 J-GAAP
Revision Rate -13.0% -19.6% -14.7% -9.1% -9.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 5,319 686 845 514 27.5 29 Aug 8, 2025 J-GAAP
Jan - Jun, 2026 Guidance 4,896 635 719 494 26.1 17.50 Apr 30, 2026 J-GAAP
YoY -8.0% -7.4% -14.9% -3.9% -5.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 10,132 1,222 1,223 836 44.3 22.15 Aug 14, 2024 J-GAAP
Jun, 2025 10,918 1,502 1,664 1,077 57.6 29 Aug 8, 2025 J-GAAP
Jun, 2026 Guidance 10,000 1,350 1,450 1,000 52.8 29.50 Apr 30, 2026 J-GAAP
YoY -8.4% -10.1% -12.9% -7.1% -8.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 2,710 443 602 350 18.7 16.3 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 2,609 243 243 164 8.8 9.3 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,586 354 369 255 13.6 13.7 Oct 30, 2025 J-GAAP
Oct - Dec, 2025 2,518 361 362 251 13.3 14.3 Jan 30, 2026 J-GAAP
Jan - Mar, 2026 2,517 402 473 329 17.4 16.0 Apr 30, 2026 J-GAAP
YoY -7.1% -9.3% -21.4% -6.0% -6.7%

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