Dualtap (3469) Reports Earnings: Operating Profit Up 14.6% to 190 Million Yen Despite 34.0% Decrease in Revenue

Dualtap (3469) has released its latest financial results, reporting net sales of 5,522 million yen, a decrease of 34.0% compared to the same period of the previous year. However, profitability improved, with operating profit rising 14.6% year-on-year to 190 million yen and ordinary profit increasing 11.7% to 107 million yen. The operating profit margin stood at approximately 3.4%, while net income attributable to owners of the parent came in at 51 million yen, down 56.6% year-on-year.

Examining the financial structure and cash flows, the equity-to-asset ratio is 39.4%, with cash and cash equivalents standing at 2.09 billion yen. Retained earnings are 1.48 billion yen, and interest-bearing debt amounts to 3.57 billion yen. Operating cash flow was -170 million yen and investing cash flow was -92 million yen, resulting in free cash flow of -260 million yen. Return on Equity (ROE) was recorded at 2.0%, and Return on Assets (ROA) stood at 1.8%.