Double A Co., Ltd. (7683) Earnings: Operating Profit Decreased 99.4% YoY to 4 Million Yen

Double A Co., Ltd. (7683) announced its financial results, reporting net sales of 11,080 million yen, a 5.7% decrease compared to the same period of the previous year. Operating profit came in at 4 million yen, down 99.4% YoY, while ordinary profit declined 76.2% YoY to 189 million yen. Profit attributable to owners of parent dropped 91.1% YoY to 43 million yen, resulting in earnings per share (EPS) of 2.26 yen. Comprehensive income was 74 million yen, down 81.4% YoY.

Regarding the financial and cash flow position, the company maintains a strong equity ratio of 77.0% and cash and cash equivalents of 2.86 billion yen. However, operating cash flow was -0.07 billion yen and free cash flow stood at -0.27 billion yen. Investors will likely monitor future operational recovery and cash flow improvements against the backdrop of its current cash reserves.