YONDOSHI HOLDINGS INC.
July 7, 2022

(Securities Code: 8008, Prime Market, Tokyo Stock Exchange)

Summary of the Consolidated Financial Reportfor the First Quarter of Fiscal 2022 (Ending February 28, 2023)
・ Consolidated revenue and earnings increased second consecutive quarterly on
positive performance in both the Jewelry Business and the Apparel Business.
・ The Jewelry Business posted a revenue gain on recovery in customer traffic, anda considerable increase in earnings, due mainly to strengthened productmeasures, and a rebound increase following the temporary store closures in theprevious fiscal year.
・ The Apparel Business recorded gains in revenue on positive performance for theeveryday fashion brand PALETTE, along with recovery in demand in theapparel manufacturing business. Earnings exceeded the business plan.
・ For shareholder returns, the Company aims to provide a stable and continuous
dividend with a DOE of 4% or higher. The forecast dividend for Fiscal 2022 is
an interim and year-end cash dividend of 41.50 yen per share.
YONDOSHI HOLDINGS INC. (“YONDOSHI HOLDINGS” or “the Company”;
Headquarters: Shinagawa-ku, Tokyo; President and Representative Director: HidetoshiMasuda) announced today its business results for the first quarter period of fiscal 2022
(March 1, 2022, to May 31, 2022), the fiscal year ending February 28, 2023. Brief details
are presented as follows.
Note: Real estate lease revenue, and rental expenses on real estate, have up to now beenrecorded in “Non-operating income,” “Selling, general and administrative expenses,” and“Non-operating expenses,” but from the subject fiscal year, the accounting method has beenchanged to recording in “Net sales” and “Cost of sales.” Accordingly, the presentation method
has been changed for both the previous and subject fiscal years. In addition, the Company
applied “Accounting Standard for Revenue Recognition” from the subject fiscal year.

1. Consolidated Business Results
Net Sales
Operating Income(Millions of yen, %)Fiscal 2021 1Q

Fiscal 2022 1Q

YoY

8,735

9,324

+6.7%

338388+14.8%

Ordinary Income
499490(1.8)%
Profit Attributable to258
401+55.2%
Owners of Parent
1. Net income per share: ¥18.73 (¥12.08 in the previous fiscal year)
2. Average number of issued shares (consolidated basis): 21,436,381 shares
3. Operating income before amortization of goodwill: ¥512 million (¥462 million in the previous 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. Corporate Planning Department
TEL: +81-3-5719-3295; FAX: +81-3-5719-3296; e-mail: ir-yondoshi@yondoshi.co.jp

In the retail industry, occasions for people to go out increased with the lifting of preemergency COVID-19 mitigation measures, bringing signs of recovery in consumer
spending. However, the fallout from successive price increases raised concerns of acooling off in consumer sentiment, and the outlook remains unclear. Under suchcircumstances, YONDOSHI HOLDINGS Group, during fiscal 2022, the second year of
the sixth medium-term management plan, pursued priority measures in each business withthe aim of enhancing its enterprise value.
As a result, net sales for the subject first quarter period amounted to ¥9,324 million(up 6.7% from the same period of the previous fiscal year), with operating income of¥388 million (up 14.8%), ordinary income of ¥490 million (down 1.8%) and profit
attributable to owners of parent to ¥401 million (up 55.2%).
Operating Results by Business Segment
Jewelry Business
Net Sales:
Operating Income:¥4,122 million¥193 million(up 9.0% YoY)
(up 88.5% YoY)

The F.D.C. Products Group, which operates the jewelry business, recorded strong salesof fashion jewelry such as 50th anniversary limited-edition items, and an upturn in sales
through the e-commerce site that was fully renewed in March. Results were further
boosted by the rebound effect from temporary store closures in the previous fiscal year
during the COVID -19 crisis, and a significant recovery in customer traffic.
Apparel Business
Net Sales:
Operating Income:¥5,201 million¥286 million(up 5.0% YoY)
(down 18.1% YoY)

Retailer age Co., Ltd., operator of the everyday fashion brand PALETTE, recorded anincrease in sales at existing stores as a result of strengthened product planning capabilities
and proactive efforts for sales promotion campaigns, with performance further boosted
by openings of new locations.
The AS’TY Group was negatively impacted in part by the weak yen and higher
material costs, but managed to achieve results mostly in line with plan due to expanded
sales on the recovery in demand, and measures to reduce costs.

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. Corporate Planning Department
TEL: +81-3-5719-3295; FAX: +81-3-5719-3296; e-mail: ir-yondoshi@yondoshi.co.jp

2. Forecasts for Second Quarter Cumulative and Full Year Periods of Fiscal 2022
Second Quarter Cumulative(Millions of yen, %)Fiscal 2022
2Q Cumulative(Forecast)Fiscal 2021
2Q Cumulative(Actual)

YoY

17,806

19,500+9.5%

Operating Income

429

850

+97.7%

Ordinary Income

715

1,000+39.7%

Profit Attributable to
Owners of Parent

280

650+131.9%

Net Sales

1. Forecast net income per share for the FY 2022 2Q cumulative period: ¥30.32
2. Average number of issued shares (consolidated basis): 21,436,381 shares(Millions of yen, %)Full Year
Fiscal 2021
(Actual)Fiscal 2022
(Forecast)YoY

Net Sales

38,12341,500+8.9%

Operating Income

1,788

2,700+51.0%

Ordinary Income

2,293

3,000+30.8%

Profit Attributable to
Owners of Parent

1,490

1,800+20.8%

1. Forecast net income per share for FY 2022: ¥83.97
2. Average number of issued shares (consolidated basis): 21,436,381 shares

3. Cash Dividends for Fiscal 2022
(Yen)
Annual Cash Dividend
Fiscal 2021
(Actual)Fiscal 2022
(Forecast)

1Q-End2Q-End3Q-EndPeriod-End

Total

―

41.50

―

41.50

83.00

―

41.50

―

41.50

83.00

YONDOSHI HOLDINGS Group recognizes that providing returns to shareholders is an
important management issue. The Company has set as its basic policy for profit sharing
the raising of the level of shareholder returns through such means as a stable andcontinuous cash dividend payment, and flexible share buybacks. The Company has alsoestablished a target DOE, a key indicator of shareholder returns, of 4% or higher, andaims to reach a dividend payout of 100 yen per share in the future.
In accordance with this policy, for the fiscal year ending February 28, 2023,
YONDOSHI HOLDINGS plans to pay an interim and year-end cash dividend of ¥41.50
per share, for an annual cash dividend of ¥83 per share.
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. Corporate Planning Department
TEL: +81-3-5719-3295; FAX: +81-3-5719-3296; e-mail: ir-yondoshi@yondoshi.co.jp