Wellnet Reports Lower-than-Estimated Third Quarter Results Amid Large-Scale Product Impact

TOKYO, Apr 30 (Pulse News Wire) – WELLNET CORPORATION (2428.T) reported lower-than-estimated results for its third quarter ending March 2026. Revenue was ¥166 million compared to ¥179 million in the same period last year, driven by reduced large-scale product sales and decreased handling volume from major clients.

Operating profit declined to ¥167 million from ¥179 million, while ordinary profit dropped to ¥1.200 billion from ¥1.664 billion due to the absence of investment fund gains recorded in the previous year. The company revised its full-year outlook, projecting revenue of ¥7.572 billion and net income of ¥835 million, down 13.0% and 9.1%, respectively, from initial forecasts.

Despite challenges, WELLNET highlighted growth in strategic areas such as SaaS services, which saw a significant increase in transactions and accounts. In addition, WELLNET outlined its ongoing commitment to shareholder returns through continued dividend payments exceeding 50% of earnings per share, maintaining a dividend payout ratio of 55.9%.

The company also detailed plans to expand electronic money adoption across existing businesses and pursue innovative projects like the Altair Triple Star Cloud service aimed at enhancing productivity and contributing to regional development.