YONDOSHI HOLDINGS INC.
January 6, 2021

(Securities Code: 8008, First Section, Tokyo Stock Exchange)

Summary of the Consolidated Financial Report for the Third Quarter
Cumulative Period of Fiscal 2020 (Ending February 28, 2021)
・ Revenue and earnings in the subject third quarter cumulative period declined
year on year due to the impact from the coronavirus crisis, but the Company
was able to firmly secure profitability.
・ In the Jewelry Business, revenue and earnings declined as a result of stores
suspending business operations. Since the lifting of the emergency declaration,however, sales at stores have been recovering.
・ In the Apparel Business, revenue and earnings increased, including record
high results at everyday fashion brand PALETTE.
・ Full-year consolidated results forecasts for fiscal 2020 are unchanged.
・ The Company plans to increase its dividend payment for a 10th consecutive
year in Fiscal 2020, in line with its commitment to continuous dividend
increases. The Company is also planning a share buyback for a third
consecutive year.
YONDOSHI HOLDINGS INC. (“YONDOSHI HOLDINGS” or “the Company”;
Headquarters: Shinagawa-ku, Tokyo; Chairman and Representative Director, CEO:
Saishi Kimura) announced today its consolidated operating results for the third quarter
cumulative period (March 1 to November 30, 2020) of fiscal 2020, the fiscal year ending
February 28, 2021. The summary of these results is as follows.
1. Consolidated Business Results(Millions of yen, %)Fiscal 2019 3Q

Fiscal 2020 3Q

YoY

Net Sales

32,77628,323(13.6)％

Operating Income

3,025

1,874(38.0)％

Ordinary Income
3,289
2,210(32.8)％
Profit Attributable to2,009
1,188(40.8)％
Owners of Parent
1. Net income per share for the subject period was ¥54.80 (¥90.49 for the previous fiscal year).
2. The average number of issued shares for the period (consolidated basis) was 21,694,081 shares.
3. Operating income before the amortization of goodwill was ¥2,246 million (¥3,397 million in theprevious fiscal year).

Head Office:Establishment:
Paid-in Capital:
Business Activities:
URL:
Inquiries:

2-19-10 Kami-Osaki, Shinagawa-ku, TokyoMay 1950
¥2,486.52 million
Brand business focusing mainly on jewelry; planning, manufacture and wholesale mainly ofapparel and bags; and retail business
https://yondoshi.co.jp/eng/YONDOSHI HOLDINGS INC. President Office
TEL: +81-3-5719-3295; FAX: +81-3-5719-3296; e-mail: ir-yondoshi@yondoshi.co.jp

In the retail industry, the outlook remained clouded as a result of the impact from thegovernment’s call for people to remain at home, along with business suspensions andshortened operating hours at stores. In addition, the worsening employment and income
situation that continued after the state of emergency was lifted raised concerns of a further
cooling off in consumer sentiment. Under these circumstances, during fiscal 2020, thefinal year of the fifth medium-term management plan, YONDOSHI HOLDINGS Groupaddressed priority issues in each business with the aim of enhancing enterprise value.
As a result, net sales for the subject third quarter cumulative period amounted to¥28,323 million (down 13.6% from the same period of the previous fiscal year), with
operating income of ¥1,874 million (down 38.0%), ordinary income of ¥2,210 million(down 32.8%), and profit attributable to owners of parent of ¥1,188 million (down 40.8%).
Despite declines in both revenue and earnings, the Company managed to firmly secure
profitability.
Jewelry Business
Net Sales:
Operating Income:¥13,824 million¥1,224 million(down 26.6% YoY)
(down 49.2% YoY)

The F.D.C. Products Group implemented measures to help prevent the spread of COVID19, including major suspending business operations and shortening operating hours atstores from late March through the end of May. People continued to refrain from goingout even after the end of the state of emergency, but with the shift back to normal business
operations, sales at stores have been recovering.
Apparel Business
Net Sales:
Operating Income:¥14,499 million¥929 million(up 4.1% YoY)
(up 21.3% YoY)

The Apparel Business recorded increased revenue and earnings. The AS’TY Group madeefforts to maintain the supply chain by increasing the number of local staff at overseas
production sites. The Group also improved operating income over the same period of theprevious fiscal year by focusing on cost reductions. Retailer age Co., Ltd., which operates
the everyday fashion brand PALETTE, recorded positive sales trends for items related toeveryday life, fulfilling its role as part of the social infrastructure supporting the lives oflocal customers. Due to these efforts, existing stores posted substantial growth while
stores that were newly opened in line with the current period plan also trended positively,
leading to record-high results for both net sales and operating income.

Head Office:Establishment:
Paid-in Capital:
Business Activities:
URL:
Inquiries:

2-19-10 Kami-Osaki, Shinagawa-ku, TokyoMay 1950
¥2,486.52 million
Brand business focusing mainly on jewelry; planning, manufacture and wholesale mainly ofapparel and bags; and retail business
https://yondoshi.co.jp/eng/
YONDOSHI HOLDINGS INC. President Office
TEL: +81-3-5719-3295; FAX: +81-3-5719-3296; e-mail: ir-yondoshi@yondoshi.co.jp

2. Forecasts for Full-Year Period of Fiscal 2020
(Millions of yen, %)Fiscal 2019
(Actual)Net Sales
Operating Income

44,970
3,975
4,312

Fiscal 2020
(Forecast)

39,000
2,900
3,300

YoY

(13.3)%(27.1)%(23.5)%

Ordinary Income
Profit attributable to2,475
2,000(19.2)%
owners of parent
1. Forecast net income per share for FY2020: ¥92.19
2. Average number of issued shares during FY 2020 (consolidated basis): 21,694,081 shares

Full-year consolidated results forecasts for fiscal 2020 are unchanged from thoseannounced on July 8, 2020.
Note: Forecasts are based on available information as of the disclosure date for this material. Actual
results may vary from forecast figures as a result of economic conditions or a variety of otherfactors.

END

Head Office:Establishment:
Paid-in Capital:
Business Activities:
URL:
Inquiries:

2-19-10 Kami-Osaki, Shinagawa-ku, TokyoMay 1950¥2,486.52 million
Brand business focusing mainly on jewelry; planning, manufacture and wholesale mainly ofapparel and bags; and retail business
https://yondoshi.co.jp/eng/YONDOSHI HOLDINGS INC. President Office
TEL: +81-3-5719-3295; FAX: +81-3-5719-3296; e-mail: ir-yondoshi@yondoshi.co.jp