DyDo Group Holdings Inc. said its normalized net income for the fiscal first quarter ended April 20 was ¥16.58 per share, an increase of 28.1% from ¥12.94 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥274.6 million, a gain of 28.1% from ¥214.4 million in the prior-year period.

The normalized profit margin climbed to 0.8% from 0.6% in the year-earlier period.

Total revenue totaled ¥35.40 billion, compared with ¥35.41 billion in the prior-year period, and total operating expenses came to ¥34.88 billion, compared with ¥35.03 billion in the year-earlier period.

Reported net income declined 94.9% year over year to ¥4.0 million, or 24 sen per share, from ¥78.0 million, or ¥4.71 per share.

As of June 3, US$1 was equivalent to ¥102.45.