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DD Holdings fiscal Q1 profit climbs 53.1% YOY

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DD Holdings fiscal Q1 profit climbs 53.1% YOY

DD Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥34.52 per share, an increase of 56.4% from ¥22.08 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥245.0 million, a gain of 53.1% from ¥160.0 million in the year-earlier period.

The normalized profit margin increased to 3.8% from 2.5% in the year-earlier period.

Total revenue grew on an annual basis to ¥6.38 billion from ¥6.29 billion, and total operating expenses decreased year over year to ¥5.97 billion from ¥6.05 billion.

Reported net income grew 68.7% year over year to ¥194.0 million, or ¥27.34 per share, from ¥115.0 million, or ¥15.87 per share.

As of July 9, US$1 was equivalent to ¥101.69.