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DD Holdings fiscal Q4 profit falls YOY

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DD Holdings fiscal Q4 profit falls YOY

DD Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 came to ¥31.90 per share, a decline of 30.9% from ¥46.14 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥240.6 million, a decline of 26.5% from ¥327.5 million in the prior-year period.

The normalized profit margin dropped to 3.4% from 5.0% in the year-earlier period.

Total revenue rose 8.5% year over year to ¥7.07 billion from ¥6.52 billion, and total operating expenses grew 11.2% from the prior-year period to ¥6.68 billion from ¥6.01 billion.

Reported net income rose 87.5% from the prior-year period to ¥183.8 million, or ¥24.36 per share, from ¥98.0 million, or ¥13.81 per share.

For the year, the company's normalized net income totaled ¥82.33 per share, an increase of 21.0% from ¥68.02 per share in the prior year.

Normalized net income was ¥596.3 million, a rise of 22.8% from ¥485.6 million in the prior year.

Full-year total revenue grew 5.3% from the prior-year period to ¥26.08 billion from ¥24.78 billion, and total operating expenses rose on an annual basis to ¥25.11 billion from ¥24.06 billion.

The company said reported net income grew on an annual basis to ¥385.8 million, or ¥53.27 per share, in the full year, from ¥168.0 million, or ¥23.53 per share.

As of May 29, US$1 was equivalent to ¥124.15.