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WELLNEO SUGAR, First Half Net Income Unexpectedly Revised Upward by 3%

Fri Nov 7, 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 November 7th (13:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 3.2% from the same period last year, reaching 3.57 billion yen, resulting in an increase in profits compared to the previous forecast of a 13.3% decrease.

Progress toward the full-year plan of 5.90 billion yen was 60.6%, also surpassing the five-year average of 50.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow 10.7% from the same period last year, reaching 2.32 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income amounted to 1.86 billion yen, an increase of 1.4% compared to the same period last year. However, the operating profit margin decreased from 10.6% in the same period last year to 9.6%.

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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
Apr - Sep, 2023 44,965 2,678 4,202 3,087 94.3 55.1 Nov 8, 2023 IFRS
Apr - Sep, 2024 48,221 4,828 4,967 3,462 105.7 59.3 Nov 7, 2024 IFRS
Apr - Sep, 2025 57,772 5,190 5,224 3,573 109.3 61.5 Nov 7, 2025 IFRS
YoY +19.8% +7.5% +5.2% +3.2% +3.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 58,000 4,300 4,300 3,000 91.7 54 May 14, 2025 IFRS
Apr - Sep, 2025 Results 57,772 5,190 5,224 3,573 109.3 54 Nov 7, 2025 IFRS
Revision Rate -0.4% +20.7% +21.5% +19.1% +19.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 48,848 3,196 3,410 2,103 64.3 56 May 14, 2025 IFRS
Oct - Mar, 2025 Guidance 56,228 3,310 3,276 2,327 71.1 54 Nov 7, 2025 IFRS
YoY +15.1% +3.6% -3.9% +10.7% +10.6%

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
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
Apr - Jun, 2025 30,154 2,532 2,566 1,708 52.4 8.4 Aug 5, 2025 IFRS
Jul - Sep, 2025 27,618 2,658 2,658 1,865 57.1 9.6 Nov 7, 2025 IFRS
YoY +15.9% +5.7% +3.0% +1.4% +1.6%

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