Komori
Results4438Welby Inc.Information and Communications, Services and Others

Q3 Financial Results for the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

Cumulative revenue for the first 3 quarters increased 48.4% year on year to ¥564 million, while both the operating loss and the quarterly net loss attributable to owners of the parent narrowed. However, losses continued, with an operating loss of ¥371 million and a net loss of ¥329 million, and the full-year forecast was left unchanged.

Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
48.4
% (year-on-year change in net sales)
Wording
Conditional
How definitive the wording is.

Results for this period

Third quarter1 January 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales564¥ millionYear on year +48.4%Progress 38.5%
Operating profit-371¥ million
Ordinary income-373¥ million
Net income attributable to owners of the parent-329¥ million

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share-¥39.13
Financial position at period-end
Total assets786¥ million
of which net assets 42 ¥ millionEquity ratio 0.2%vs. prior year-end -20.7pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,466 million (YoY +130.5%)
Operating profit¥-30 million
Ordinary incomeNot disclosed
Net incomeNot disclosed
Annual Dividend Forecast0 yen → 0 yen(0.0%)
Factors Behind Changes in Business Performance

Revenue increased due to the recognition of revenue from a new PHR service ordered by pharmaceutical companies, the launch of new users on the PHR platform, and enhancements to its core functions. Selling, general and administrative expenses increased due to upfront investment, but profitability improved as development costs declined.

Disclosure regarding the going concern assumption

None

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Material subsequent eventsThe Company's subsidiary 株式会社Welbyヘルスケアソリューションズ resolved to conduct a third-party allotment capital increase with TISI株式会社 as the allottee. The planned amount of the capital increase is ¥680.234 million, the payment date is 30 November 2026, and the Company's planned ownership ratio after the capital increase is 61.67%.
Breakdown of extraordinary income (loss)Extraordinary income Gain on reversal of stock acquisition rights ¥18,947 thousand / Extraordinary loss None
Depreciation and amortization¥3,593 thousand
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingNone
Issued Shares at Period-End8,535,582
Treasury Shares at Period-End30
Results for this period
ItemDetails
Fiscal Period ClassificationThird quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–30 September 2026
Net Sales¥564 million (YoY +48.4%)
Operating profit¥-371 million
Ordinary income¥-373 million
Profit attributable to owners of the parent¥-329 million
Net income per share-¥39.13
Equity ratioEnd of the current fiscal period 0.2 / End of previous period 20.9
Total assets¥786 million
Net assets¥42 million
Full-year earnings forecastNet Sales ¥1,466 million (YoY +130.5%) / Operating profit ¥-30 million / Ordinary income Not disclosed / Net income Not disclosed
Annual Dividend Forecast0 yen → 0 yen(0.0%)
Depreciation and amortization¥3,593 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on reversal of stock acquisition rights ¥18,947 thousand / Extraordinary loss None
Disclosure regarding the going concern assumptionNone
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Material subsequent eventsThe Company's subsidiary 株式会社Welbyヘルスケアソリューションズ resolved to conduct a third-party allotment capital increase with TISI株式会社 as the allottee. The planned amount of the capital increase is ¥680.234 million, the payment date is 30 November 2026, and the Company's planned ownership ratio after the capital increase is 61.67%.
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingNone
Issued Shares at Period-End8,535,582
Treasury Shares at Period-End30
Factors Behind Changes in Business PerformanceRevenue increased due to the recognition of revenue from a new PHR service ordered by pharmaceutical companies, the launch of new users on the PHR platform, and enhancements to its core functions. Selling, general and administrative expenses increased due to upfront investment, but profitability improved as development costs declined.
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment loss

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue increased due to the recognition of revenue from a new PHR service ordered by pharmaceutical companies, the launch of new users on the PHR platform, and enhancements to its core functions. In terms of earnings, selling, general and administrative expenses increased as a result of organizational expansion and upfront investment in MyKarte and platform development, while profitability improved due to lower development costs.

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Q3 Financial Results for the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | Welby Inc. (4438) timely disclosure | Komori