DyDo Group Holdings, Inc. (TSE: 2590) reported consolidated results for the first quarter of FY1/2027 (February 21–April 20, 2026 [accounting period 2026/1/21–4/20]; J-GAAP). Revenue rose 4.3% to ¥55,239 million, and operating profit swung to a positive ¥1,556 million from a ¥1,445 million loss a year earlier. Ordinary profit was ¥459 million (vs a ¥2,289 million loss) and net profit attributable to owners was ¥110 million (vs a ¥2,845 million loss). EPS was ¥3.49 versus a ¥90.04 loss per share. Comprehensive income was ¥1,572 million.
Domestic beverages and cost discipline drive the turnaround
DyDo's core domestic beverage business — led by vending-machine sales of the DyDo Blend coffee line — together with its pharmaceutical and food operations, returned the group to a first-quarter operating profit. The company also operates beverage businesses overseas, notably in Turkey and Malaysia.
Turkey hyperinflation accounting a drag on the full year
DyDo's Turkish subsidiary continues to apply IAS 29 (financial reporting in hyperinflationary economies). For the full year the adjustment is expected to add ¥0.6 billion to revenue but subtract ¥1.4 billion from operating profit, ¥2.8 billion from ordinary profit and ¥2.7 billion from net profit.
Full-year guidance and dividend held
Total assets were ¥157,465 million, net assets ¥65,995 million and the equity ratio 41.6%. Management left unchanged its FY1/2027 guidance: revenue ¥246,800 million (+2.3%), operating profit ¥10,500 million (+152.2%), ordinary profit ¥8,400 million (+472.5%), net profit ¥5,000 million (a return to profit), and EPS ¥157.73. The annual dividend forecast was held at ¥30.00 (¥15 interim + ¥15 year-end).
| Metric | Q1 FY1/2027 | Q1 FY1/2026 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 55,239 | 52,963 | +4.3% |
| Operating profit (¥ million) | 1,556 | -1,445 | Swung to profit |
| Ordinary profit (¥ million) | 459 | -2,289 | Swung to profit |
| Net profit attrib. to owners (¥ million) | 110 | -2,845 | Swung to profit |
| EPS (¥) | 3.49 | -90.04 | Swung to profit |
| Equity ratio | 41.6% | 39.5% | +2.1pp |
| FY27 operating profit guidance (¥ million) | 10,500 | 4,164 | +152.2% |
| Annual dividend (¥) | 30.00 | 30.00 | unchanged |
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