DyDo Group's Returns to Profitability in Fiscal Q1
DyDo Group (TYO:2590) returned to profitability, reporting attributable profit of 110 million yen for the fiscal first quarter compared with a loss of 2.85 billion yen a year earlier.The company's basic earnings per share stood at 3.49 yen versus a loss per share of 90.04 yen a year ago, according to a Tokyo bourse filing on Tuesday.Net sales rose 4.3% to 55.2 billion yen for the three months ended April, from nearly 53 billion yen in the prior year period.In a separate disclosure, DyDo said during the quarter, it recorded a 1.16 billion yen loss on net monetary position as a non-operating expense, driven by hyperinflationary accounting adjustments under IAS 29 at its Turkish subsidiary.This loss resulted from monetary assets significantly exceeding monetary liabilities in Turkey, where cumulative inflation has exceeded 100% over the past three years.For the fiscal year ending January 2027, the company expects attributable profit of 5 billion yen, earnings per share of 157.73 yen, and net sales of 246.8 billion yen.DyDo plans to pay interim and year-end dividends of 15 yen per share, each for the current fiscal year, unchanged from the amount paid in the prior year period.
