DyDo GROUP HOLDINGS,INC. [2590.T]
TOKYO, May 26 (Pulse News Wire) – Dydo Group Holdings,inc. (2590.T) reported a net monetary loss of ¥1,157 million during its fiscal first quarter ending January 21, 2026.
The company attributes this loss to inflation rates exceeding 100% percent in Turkey over three years, leading to adjustments under IAS 29 “Financial Reporting in Hyperinflationary Economies” since the second quarter of fiscal 2023. In the latest reporting period, subsidiaries based in Turkey experienced significant growth in cash and receivables, surpassing liabilities due to strong performance.
As a result, applying IAS 29 led to the recorded loss. The impact of this extraordinary expense is reflected in the company’s interim earnings statement released today.
DyDo GROUP HOLDINGS continues to monitor economic conditions in Turkey closely to manage potential future impacts on its financial statements.
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