Wellnet Corporation (JP:2428) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Wellnet Corporation outperformed its FY24 earnings guidance, reporting a recurring profit of ¥1,223 million, a significant 30.8% increase from the previous year, and sales aligned with forecasts at ¥10,132 million. The growth was driven by strong sales in high value-added services and an improved sales mix, despite a decline in sales from Amazon Japan, their largest retail platform customer. Looking ahead, Wellnet expects further growth in FY25, projecting a 22.6% increase in recurring profit, largely due to pricing adjustments.
For further insights into JP:2428 stock, check out TipRanks’ Stock Analysis page.