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DyDo Group fiscal Q3 profit climbs 18.2% YOY

DyDo Group Holdings Inc. said its normalized net income for the fiscal third quarter ended Oct. 20 came to ¥99.84 per share, an increase of 18.2% from ¥84.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.65 billion, an increase of 18.2% from ¥1.40 billion in the year-earlier period.

The normalized profit margin rose to 4.1% from 3.4% in the year-earlier period.

Total revenue decreased year over year to ¥39.93 billion from ¥41.18 billion, and total operating expenses decreased on an annual basis to ¥37.18 billion from ¥38.81 billion.

Reported net income rose 26.1% on an annual basis to ¥1.93 billion, or ¥116.56 per share, from ¥1.53 billion, or ¥92.41 per share.

As of Dec. 3, US$1 was equivalent to ¥119.64.