Welby (4438) Earnings Report: Net Sales Increase by +30.7% YoY to 376 Million Yen, Operating Loss at 256 Million Yen

According to the latest financial data released by Welby (4438), net sales for the period reached 376 million yen, marking a significant top-line growth of +30.7% YoY compared to the same period of the previous year. Meanwhile, the company reported an operating loss of 256 million yen, an ordinary loss of 257 million yen, and a net loss attributable to owners of the parent of 223 million yen. Earnings per share (EPS) stood at -26.7 yen, with comprehensive income recorded at -238 million yen.

From a financial structure and valuation perspective, the equity ratio is 6.7%, while interest-bearing debt stands at 540 million yen and retained earnings as of June 30, 2026 were approximately -2.658 billion yen. Profitability metrics show a return on equity (ROE) of -110.17%, a return on assets (ROA) of -48.59%, and a reference sum of operating profit and depreciation expense of -254.750 million yen for January 1–June 30, 2026 (-256.525 million plus 1.775 million yen). This September 19, 2026 correction uses the half-year report filed on August 14, 2026. As top-line expansion continues, improving profitability and strengthening the financial foundation remain key areas of focus moving forward.

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Correction (September 19, 2026)：The affected figures and reporting-period labels were corrected after checking the source disclosure. Source disclosure