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DyDo Group swings to loss in fiscal Q4

DyDo Group Holdings Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 20 was a loss of ¥27.28 per share, compared with ¥28.54 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥451.9 million, compared with income of ¥472.8 million in the year-earlier period.

The normalized profit margin fell to negative 1.3% from 1.3% in the year-earlier period.

Total revenue decreased 6.0% year over year to ¥33.84 billion from ¥36.00 billion, and total operating expenses declined from the prior-year period to ¥33.88 billion from ¥35.11 billion.

Reported net income totaled a loss of ¥783.0 million, or a loss of ¥47.26 per share, compared to income of ¥470.0 million, or ¥28.37 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥161.28 per share, a decrease of 24.3% from ¥212.98 per share in the prior year.

Normalized net income was ¥2.67 billion, a fall of 24.3% from ¥3.53 billion in the prior year.

Full-year total revenue fell from the prior-year period to ¥149.53 billion from ¥154.83 billion, and total operating expenses declined on an annual basis to ¥144.35 billion from ¥148.82 billion.

The company said reported net income declined 37.4% year over year to ¥2.32 billion, or ¥140.16 per share, in the full year, from ¥3.71 billion, or ¥224.06 per share.

As of April 17, US$1 was equivalent to ¥119.05.