Summary of Financial Results for the First Quarter of Fiscal 2026 (Fiscal Year Ending January 2027) | DyDo GROUP HOLDINGS,INC. (2590) timely disclosure

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Direction

Improvement

Direction inferred from the company’s description.

Scale

3001

¥ millions (year-on-year change in operating income)

Wording

Conditional

How definitive the wording is.

Contents of this document

Presentation materials for financial resultsEquivalent to the first quarter of the fiscal year ending March 2026 (first quarter of FY2026, fiscal year ending January 2027)14 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥55,239 million+4.3%

Operating profit¥1,556 million

Ordinary income¥459 million

Net income¥110 million profit attributable to owners of the parent

Operating profit margin2.8% (down from negative 2.7% in the same period of the previous year)

Results for the three months of the current quarter

Period Covered21 January–20 April (1 January–31 March for certain segments)

Net Sales¥55,239 million

Operating profit¥1,556 million

Ordinary income¥459 million

Net income¥110 million

Full-year earnings forecast

Net Sales

¥246,800 million

Operating profit

¥10,500 million

Ordinary income

¥8,400 million

Net income

¥5,000 million net income attributable to owners of the parent

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Domestic Beverage Business¥762 million
Overseas beverage business¥1,318 million
Pharmaceutical-Related Businesses¥-107 million
Food Business¥-279 million
Orphan-drug business¥48 million
Adjustments¥-180 million
Decrease in depreciation and amortization in the domestic beverage business¥1,439 million
Gross profit of the domestic beverage business (excluding depreciation and amortization)¥-943 million
Advertising and sales promotions in the domestic beverage business¥-181 million
Other domestic beverage business items¥-27 million
Supplement mail-order business in the domestic beverage business¥-223 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Projected exchange rate for the Turkish lira in FY2026¥3.00
Projected exchange rate for the Polish zloty in FY2026¥39.00
Projected exchange rate for the Chinese yuan in FY2026¥20.00

New initiatives

Price revisions for certain products in the vending machine channel of the domestic beverage business (May 2026, recommended price increase of ¥10–20)
Optimization of the product portfolio and enhancement of the soft-drink lineup
Removal of unprofitable vending machines and reuse of second-hand vending machines
Expansion of the carbonated beverage production line in the Turkey beverage business (80% increase versus existing equipment; capital investment of approximately ¥2.0–2.5 billion)
Enhancement of Cola Turka brand exposure through a sponsorship agreement with Besiktas
Expansion of the water production line and renovation of warehouses and buildings in the Poland beverage business (scheduled to begin operations in mid-April 2026)
Joint research in the anti-aging field with Mytogenics using Maitolubin

Key KPIsA metric the company considers important as a management benchmark.

Year-on-year change in sales of the Turkey beverage business on a local accounting basis45.3 %
Year-on-year change in sales volume of the Turkey beverage business11.8 %
Year-on-year change in vending machine sales of the domestic beverage business (on a basis comparable with the previous method)-2.5 %
Year-on-year change in vending machine units sold by the domestic beverage business (on a basis comparable with the previous method)-4.9 %
Number of units sold per route representative (versus FY2019)120 %
Sales per route representative (versus FY2019)140 %
Number of vending machines managed per route representative (versus FY2019)170 %

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Domestic beverage business sales volume307 million bottles-3.8%
Domestic beverage business net sales¥31,731 million-2.0%
Sales volume of the Turkey beverage business11.8 % year-on-year
Domestic beverage business vending machine recommended price revision＋10～20

Segment results

Domestic Beverage Business
Net Sales¥31,731 million (YoY -2.0%)
Operating profit¥-185 million
Overseas beverage business
Net Sales¥16,505 million (YoY +28.0%)
Operating profit¥2,291 million (YoY +135.6%)
Pharmaceutical-Related Businesses
Net Sales¥2,974 million (YoY -11.5%)
Operating profit¥54 million (YoY -66.5%)
Food Business
Net Sales¥3,846 million (YoY -10.1%)
Operating profit¥-167 million
Orphan-drug business
Net Sales¥228 million (YoY +62.8%)
Operating profit¥-40 million

Medium-term management plan targets

Target fiscal yearFiscal 2026

Revised target

Sales growth rate+9%

Consolidated operating margin3%

Consolidated ROIC4%

ROIC of the domestic beverage business4%

ROIC of the overseas beverage business13%

ROIC of non-beverage businesses0%

FY2026 forecast (before application of hyperinflation accounting)

Sales growth rate+8.7%

Consolidated operating margin4.8%

Consolidated ROIC8.9%

ROIC of the domestic beverage business28.7%

ROIC of the overseas beverage business14.6%

ROIC of non-beverage businesses2.1%

Financial targets

Consolidated ROIC

Target4%

FY2026 forecast8.9%

ROIC of the domestic beverage business

Target4%

FY2026 forecast28.7%

ROIC of the overseas beverage business

Target13%

FY2026 forecast14.6%

ROIC of non-beverage businesses

Target0%

FY2026 forecast2.1%

Consolidated operating margin

Target3%

FY2026 forecast4.8%

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

Not disclosed. The impact of the situation in the Middle East has not been incorporated into the earnings forecast.

Market Size / Share

The presentation shows a shrinking market and market share, but the figures were not disclosed.

Number of stores and locations

More than 270,000 vending machines, down by approximately 20,000 from FY2024. Four sales offices were consolidated and Yokohama BAY Sales Office was opened on 21 May 2025 (the overall number of sales office openings and closures during the fiscal year was not disclosed).

Number of employees

The number of route representatives is approximately 70% of the FY2019 level. Actual employee numbers and hiring plans were not disclosed.

Capital expenditures

Approximately ¥2.0–2.5 billion
DetailsExpansion of the carbonated beverage production line in the Turkey beverage business
Approximately ¥1.5 billion
DetailsExpansion of the water production line in the Poland beverage business
Approximately ¥700 million
DetailsRenovation of warehouses and buildings in the Poland beverage business

Annual Dividend

Annual dividend amount¥30 per share

Contents of this document
Item	Details
Document type	Presentation materials for financial results
Fiscal Period Covered	Equivalent to the first quarter of the fiscal year ending March 2026 (first quarter of FY2026, fiscal year ending January 2027)
Net Sales	¥55,239 million (YoY +4.3%)
Operating profit	¥1,556 million
Ordinary income	¥459 million
Net income	¥110 million (profit attributable to owners of the parent)
Operating profit margin	2.8% (down from negative 2.7% in the same period of the previous year)
Results for the three months of the current quarter	Period Covered 21 January–20 April (1 January–31 March for certain segments) / Net Sales ¥55,239 million / Operating profit ¥1,556 million / Ordinary income ¥459 million / Net income ¥110 million
Full-year earnings forecast	Net Sales ¥246,800 million / Operating profit ¥10,500 million / Ordinary income ¥8,400 million / Net income ¥5,000 million (net income attributable to owners of the parent)
Segment results	Segment Domestic Beverage Business / Net Sales ¥31,731 million (YoY -2.0%) / Operating profit ¥-185 million, Segment Overseas beverage business / Net Sales ¥16,505 million (YoY +28.0%) / Operating profit ¥2,291 million (YoY +135.6%), Segment Pharmaceutical-Related Businesses / Net Sales ¥2,974 million (YoY -11.5%) / Operating profit ¥54 million (YoY -66.5%), Segment Food Business / Net Sales ¥3,846 million (YoY -10.1%) / Operating profit ¥-167 million, Segment Orphan-drug business / Net Sales ¥228 million (YoY +62.8%) / Operating profit ¥-40 million
Breakdown of Factors Affecting the Change	Domestic Beverage Business ¥762 million, Overseas beverage business ¥1,318 million, Pharmaceutical-Related Businesses ¥-107 million, Food Business ¥-279 million, Orphan-drug business ¥48 million, Adjustments ¥-180 million, Decrease in depreciation and amortization in the domestic beverage business ¥1,439 million, Gross profit of the domestic beverage business (excluding depreciation and amortization) ¥-943 million, Advertising and sales promotions in the domestic beverage business ¥-181 million, Other domestic beverage business items ¥-27 million, Supplement mail-order business in the domestic beverage business ¥-223 million
Key KPIs	Year-on-year change in sales of the Turkey beverage business on a local accounting basis 45.3 %, Year-on-year change in sales volume of the Turkey beverage business 11.8 %, Year-on-year change in vending machine sales of the domestic beverage business (on a basis comparable with the previous method) -2.5 %, Year-on-year change in vending machine units sold by the domestic beverage business (on a basis comparable with the previous method) -4.9 %, Number of units sold per route representative (versus FY2019) 120 %, Sales per route representative (versus FY2019) 140 %, Number of vending machines managed per route representative (versus FY2019) 170 %
Unit price and quantity metrics	Domestic beverage business sales volume 307 million bottles (YoY -3.8%), Domestic beverage business net sales ¥31,731 million (YoY -2.0%), Sales volume of the Turkey beverage business 11.8 % (year-on-year), Domestic beverage business vending machine recommended price revision ＋10～20
Number of stores and locations	More than 270,000 vending machines, down by approximately 20,000 from FY2024. Four sales offices were consolidated and Yokohama BAY Sales Office was opened on 21 May 2025 (the overall number of sales office openings and closures during the fiscal year was not disclosed).
Number of employees	The number of route representatives is approximately 70% of the FY2019 level. Actual employee numbers and hiring plans were not disclosed.
Assumptions Underlying the Business Outlook	Projected exchange rate for the Turkish lira in FY2026 ¥3.00, Projected exchange rate for the Polish zloty in FY2026 ¥39.00, Projected exchange rate for the Chinese yuan in FY2026 ¥20.00
Risk amount incorporated into the outlook	Not disclosed. The impact of the situation in the Middle East has not been incorporated into the earnings forecast.
Medium-term management plan targets	Target fiscal year Fiscal 2026 / Revised target Sales growth rate +9% / Consolidated operating margin 3% / Consolidated ROIC 4% / ROIC of the domestic beverage business 4% / ROIC of the overseas beverage business 13% / ROIC of non-beverage businesses 0% / FY2026 forecast (before application of hyperinflation accounting) Sales growth rate +8.7% / Consolidated operating margin 4.8% / Consolidated ROIC 8.9% / ROIC of the domestic beverage business 28.7% / ROIC of the overseas beverage business 14.6% / ROIC of non-beverage businesses 2.1%
Financial targets	Consolidated ROIC Target 4% / FY2026 forecast 8.9% / ROIC of the domestic beverage business Target 4% / FY2026 forecast 28.7% / ROIC of the overseas beverage business Target 13% / FY2026 forecast 14.6% / ROIC of non-beverage businesses Target 0% / FY2026 forecast 2.1% / Consolidated operating margin Target 3% / FY2026 forecast 4.8%
Annual Dividend	Annual dividend amount ¥30 per share / Interim Not disclosed / End of period Not disclosed
Capital expenditures	Approximately ¥2.0–2.5 billion, Approximately ¥1.5 billion, Approximately ¥700 million
Market Size / Share	The presentation shows a shrinking market and market share, but the figures were not disclosed.
New initiatives	Price revisions for certain products in the vending machine channel of the domestic beverage business (May 2026, recommended price increase of ¥10–20), Optimization of the product portfolio and enhancement of the soft-drink lineup, Removal of unprofitable vending machines and reuse of second-hand vending machines, Expansion of the carbonated beverage production line in the Turkey beverage business (80% increase versus existing equipment; capital investment of approximately ¥2.0–2.5 billion), Enhancement of Cola Turka brand exposure through a sponsorship agreement with Besiktas, Expansion of the water production line and renovation of warehouses and buildings in the Poland beverage business (scheduled to begin operations in mid-April 2026), Joint research in the anti-aging field with Mytogenics using Maitolubin

Items this document does not state (8)

Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planPayout ratioAcquisition of treasury sharesOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Higher sales in the overseas beverage business, centered on the beverage businesses in Turkey and Poland, lower depreciation and amortization in the domestic beverage business following the impairment loss recognized in the previous fiscal year, and the benefits of earnings improvement contributed to higher sales and profit.

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