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eWeLL Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 16%, July-September Ordinary Profit Increases by 14%

Thu Nov 14, 2024 3:30 pm JST Earnings

5038 eWeLL Co.,Ltd. 【J-GAAP】

Earnings Report

eWeLL Co.,Ltd. <5038> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 16.2% from the same period last year, reaching 825 million yen. However, The progress rate against the 1.11 billion yen full-year plan was 74.2%, also falling below the same period of the previous year of 78.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 43.5% from the same period last year, reaching 287 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit grew by 14.3% from the same period last year, reaching 296 million yen. However, the operating profit margin decreased from 49.0% in the same period last year to 45.0%.

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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
Jan - Sep, 2022 1,157 546 529 364 27.6 78.3 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 1,499 708 710 474 33.8 78.0 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 1,860 823 825 579 38.7 74.2 Nov 14, 2024 J-GAAP
YoY +24.1% +16.2% +16.2% +22.2% +14.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 1,099 459 459 323 22.7 10 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 1,355 583 583 384 25.4 11 Aug 14, 2024 J-GAAP
YoY +23.3% +27.0% +27.0% +18.9% +11.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,603 692 676 449 33.6 7.50 Feb 13, 2023 J-GAAP
Dec, 2023 2,069 908 910 612 43.1 10 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 2,560 1,111 1,112 749 49.5 11 Feb 13, 2024 J-GAAP
YoY +23.7% +22.4% +22.2% +22.4% +15.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 529 259 259 185 13.2 49.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 570 200 200 138 9.7 35.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 574 234 234 161 10.8 40.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 631 294 295 204 13.7 46.6 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 655 295 296 214 14.3 45.0 Nov 14, 2024 J-GAAP
YoY +23.8% +13.9% +14.3% +15.7% +8.3%

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