YONDOSHI HOLDINGS INC.
July 6, 2023

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

Summary of the Consolidated Financial Reportfor the First Quarter of Fiscal 2023 (Ending February 29, 2024)
・ Revenue and earnings increased for a third consecutive period on positive
performance in both the Jewelry and Apparel business.
・ Jewelry Business: Substantial increase in earnings following businessrestructuring measures.
・ Apparel Business: Gains in both revenue and earnings on expanded sales for theeveryday fashion brand PALETTE from new store openings, and initiatives by
The AS’TY Group to strengthen measures with major business partners.
・ The Company is providing stable and continuous shareholder returns with a
DOE exceeding 4%. The forecast full-year dividend is 83 yen per share.
YONDOSHI HOLDINGS INC. (“YONDOSHI HOLDINGS” or “the Company”;
Headquarters: Shinagawa-ku, Tokyo; President and Representative Director: HidetoshiMasuda) today announced its business results for the first quarter period of fiscal 2023
(March 1, 2023, to May 31, 2023), the fiscal year ending February 29, 2024. A summaryis as follows.
1. Consolidated Business Results(Millions of yen, %)FY2/23 1Q
Net Sales
Operating Income

FY2/24 1Q

YoY

9,324

9,585+2.8%

388

727+87.3%

Ordinary Income490
850+73.5%
Profit Attributable to401502+25.2%
Owners of Parent
1. Net income per share: ¥23.45 (¥18.73 in the previous fiscal year)
2. Average number of issued shares (consolidated basis): 21,443,216 shares
3. Operating income before amortization of goodwill: ¥852 million (¥512 million in the previous fiscal year).

In the retail sector, despite positive signs beginning to emerge in some areas, the situation
remained unpredictable due to ongoing price escalation. Under such circumstances,
YONDOSHI HOLDINGS Group undertook priority measures in each business toenhance enterprise value.
As a result, net sales for the subject first quarter period amounted to ¥9,585 million(up 2.8% from the same period of the previous fiscal year), with operating income of¥727 million (up 87.3%), ordinary income of ¥850 million (up 73.5%) and profit
attributable to owners of parent to ¥502 million (up 25.2%).
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

Jewelry Business
Net Sales:
Operating Income:¥3,911 million¥382 million(down 5.1% YoY)
(up 97.6% YoY)

Jewelry business company The F.D.C. Products Group made steady progress withbusiness restructuring. For bridal jewelry, the business company pursued greater
efficiency through consolidation of specialty stores, while making large-scale
investments for store relocation and renovation. For fashion jewelry, F.D.C. focused onbroadening the base of female customers, increasing sales in the e-commerce business,and developing new customers.
Apparel Business
Net Sales:
Operating Income:¥5,674 million¥451 million(up 9.1% YoY)
(up 57.6% YoY)

Retailer age Co., Ltd., operator of the everyday fashion brand PALETTE, increased sales
through opening of new stores. Apparel manufacturing and wholesaler The AS’TY Group
expanded measures with major business partners that increased profit margins.
2. Results Forecasts for Second Quarter Cumulative and Full Year Periodsof Fiscal 2023
Second Quarter Cumulative(Millions of yen, %)Fiscal 2023
2Q Cumulative(Forecast)Fiscal 2022
2Q Cumulative(Actual)

YoY

18,51419,000+2.6%

Operating Income

645

800+24.0%

Ordinary Income

822

1,000+21.6%

Profit Attributable toOwners of Parent513

550+7.1%

Net Sales

1. Forecast net income per share for the Fiscal 2023 2Q cumulative period: 25.65 yen
2. Average number of issued shares (consolidated basis): 21,443,216 shares(Millions of yen, %)Full Year
Fiscal 2022(Actual)

Fiscal 2023
(Forecast)YoY

Net Sales

39,50840,000+1.2%

Operating Income

1,979

2,100+6.1%

Ordinary Income

2,342

2,500

+6.7%

Profit Attributable toOwners of Parent

1,149

1,300+13.1%

1. Forecast net income per share for Fiscal 2023: 60.63 yen
2. Average number of issued shares (consolidated basis): 21,443,216 shares
3. Earnings per share (EPS) before goodwill amortization: 83.78 yen

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

3. Cash Dividends for Fiscal 2023
(Yen)
Annual Cash Dividend
Fiscal 2022
(Actual)Fiscal 2023
(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, and enhances shareholder returns by providing a stable andcontinuous cash dividend payment, along with flexible share buybacks. The Company
has also set a target DOE of 4% or higher as a key indicator of shareholder returns, 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 29, 2024,
YONDOSHI HOLDINGS plans to pay an interim and year-end cash dividend of 41.50
yen per share, for an annual cash dividend of 83 yen 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