Wel-Dish.Incorporated, First Half Net Income Turns to Profit, Exceeds Full-Year Plan

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Tue Nov 12, 2024 4:30 pm JST Earnings

2901 Wel-Dish.Incorporated 【J-GAAP】

Earnings Report

Wel-Dish.Incorporated <2901> [TSE-S] announced its financial results after the market closed on November 12th (16:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 325 million yen (compared to a loss of 62 million yen in the same period last year). The progress rate against the full-year plan of 300 million yen is 108.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to further decrease to loss of 25 million yen (compared to a loss of 289 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of profit of 329 million yen (compared to a loss of 34 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.0% in the same period last year to 4.0%.

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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, 2022	1,494	-95	-108	-78	-5.5	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	1,003	-57	-63	-62	-4.4	ー	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	1,013	32	17	325	19.9	ー	Nov 12, 2024	J-GAAP
YoY	+1.0%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	1,013	32	17	325	19.9	0	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,012	-64	-106	-289	-20.2	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,067	48	ー	-25	-1.4	0	Nov 12, 2024	J-GAAP
YoY	+5.4%	－	－	+91.3%	+93.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,975	-133	-145	-115	-8.1	0	May 12, 2023	J-GAAP
Mar, 2024	2,015	-121	-169	-351	-24.6	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	2,080	80	ー	300	17.1	0	Oct 31, 2024	J-GAAP
YoY	+3.2%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	503	-30	-34	-34	-2.4	-6.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	529	-27	-39	-39	-2.7	-5.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	483	-37	-67	-250	-17.5	-7.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	612	16	8	-4	-0.3	2.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	401	16	9	329	20.1	4.0	Nov 12, 2024	J-GAAP
YoY	-20.3%	－	－	－	－