Wellnet Corporation Reports In-Line FY25 1H Earnings with Strategic Shift to SaaS

Wellnet Corporation ( (JP:2428) ) has provided an announcement.

Wellnet Corporation’s FY25 1H earnings were in line with expectations, with sales of ¥5,559 million and operating profit of ¥816 million, driven by improved margins and a one-off promotion. The company is shifting towards high value-add businesses like SaaS, despite a decline in cash settlements at convenience stores. Management maintains sales guidance but focuses on profitability and margin improvement, with a strategic emphasis on expanding the SaaS business.

More about Wellnet Corporation

Wellnet Corporation operates in the financial technology sector, focusing on e-billing and SaaS (Payment+α) services. The company provides multi-payment services, facilitating cash payments for e-commerce through convenience stores, and is expanding its high value-added SaaS offerings.

YTD Price Performance: -13.64%

Average Trading Volume: 204,626

Technical Sentiment Consensus Rating: Sell

Current Market Cap: Yen13.95B

See more data about 2428 stock on TipRanks’ Stock Analysis page.