Wel-Dish, The Current Fiscal Year Net Income Revised Upward by 33%, Exceeded Record Profit Forecast

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Thu Feb 13, 2025 3:31 pm JST Earnings

2901 Wel-Dish.Incorporated 【J-GAAP】

Earnings Report

Wel-Dish.Incorporated <2901> [TSE Std] announced its financial results after the market closed on February 13th (15:31). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 348 million yen (compared to a loss of 101 million yen in the same period last year).

In addition, the full-year consolidated net income has been revised upward 33.3%, from the previous forecast of 300 million yen to 400 million yen (compared to a loss of 351 million yen in the previous period). The company has further increased its previous forecast of record profits for the first time in thirty five years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) has been revised upward from an expected loss of 25 million yen to a profit of 75 million yen (compared to a loss of 289 million yen in the same period of the previous year), turning to a profit.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a profit of 23 million yen (compared to a loss of 39 million yen in the same period last year). The operating profit/loss margin drastically improved from -5.1% in the same period last year to 7.8%.

Kabutan News

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
Apr - Dec, 2022	2,266	-123	-139	-109	-7.7	ー	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	1,532	-84	-102	-101	-7.1	ー	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	1,437	65	48	348	20.8	ー	Feb 13, 2025	J-GAAP
YoY	-6.2%	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	1,067	48	ー	-25	-1.4	2	Jan 16, 2025	J-GAAP
Oct - Mar, 2024 New	987	148	ー	75	4.3	2	Feb 13, 2025	J-GAAP
Revision Rate	-7.5%	+208.3%	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	2,080	80	ー	300	17.1	2	Jan 16, 2025	J-GAAP
Mar, 2025 New	2,000	180	ー	400	22.8	2	Feb 13, 2025	J-GAAP
Revision Rate	-3.8%	+125.0%	－	+33.3%	+33.3%

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	987	148	ー	75	4.3	2	Feb 13, 2025	J-GAAP
YoY	-2.5%	－	－	－	－

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	2,000	180	ー	400	22.8	2	Feb 13, 2025	J-GAAP
YoY	-0.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	424	33	31	23	1.4	7.8	Feb 13, 2025	J-GAAP
YoY	-19.8%	－	－	－	－