YONDOSHI HOLDINGS INC.
April 14, 2023

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

Summary of the Consolidated Financial Reportfor Fiscal 2022 (Ended February 28, 2023)
・ Increases in revenue and earnings on the back of firm trends in both Jewelry
and Apparel Business consolidated results.
・ While bridal jewelry struggled under difficult conditions, increases in revenue
and earnings in the Jewelry Business. This was attributable to steady fashion
jewelry sales growth on the back of successful efforts to expand female
customers.
・ Both sales and earnings increased in the Apparel Business. This largely
reflected a fourth consecutive fiscal year of everyday fashion brand PALETTE
existing store sales growth and successful efforts to take advantage of theforeign production infrastructure in the Apparel Manufacturing Business tostrengthen business with mainstay trading partners.
・ The Company plans to pay an annual cash dividend of ¥83 per common sharefor fiscal 2022.
・ Consolidated revenue and earnings are projected to climb in fiscal 2023
(ending February 29, 2024).
YONDOSHI HOLDINGS INC. (“YONDOSHI HOLDINGS” or “the Company”;
Headquarters: Shinagawa-ku, Tokyo; President and Representative Director: HidetoshiMasuda) announced today its consolidated operating results for fiscal 2022, the fiscal year
from March 1, 2022 to February 28, 2023. Brief details are presented as follows.
1. Consolidated Business Results(Millions of yen, %)Fiscal 2021

Fiscal 2022

YoYNet Sales

38,12339,508＋3.6％

Operating Income

1,788

1,979

＋10.7％

Ordinary Income
Profit Attributable toOwners of Parent

2,293

2,342＋2.1％

1,490

1,149(22.9)％

1. Net income per share for the fiscal year under review was ¥53.61 (¥69.56 for the previous fiscal year).
2. The average number of issued shares for the fiscal year under review was 21,441,448 on a consolidated basis.
3. Operating income before the amortization of goodwill: FY2022 ¥2,476 million FY2021 ¥2,284 million.

In the retail sector, despite indications of a partial recovery in consumption, the outlook
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

remained uncertain owing to the growing number of people cutting back on their spending
as a result of successive price hikes. Under these circumstances, the YONDOSHIHOLDINGS Group, in response to changes in the business environment, leveraged thestrengths of the corporate group to the fullest extent in order to provide products andservices that exceed customer expectations. Through these means, the Group has beenworking to enhance its enterprise value as it addresses priority issues in each business.
As a result, net sales for the fiscal year under review amounted to ¥39,508 million(up 3.6% YoY). From a profit perspective, operating income came to ¥1,979 million (up10.7% YoY), ordinary income totaled ¥2,342 million (up 2.1% YoY), and profit
attributable to owners of parent was ¥1,149 million (down 22.9% YoY).
Jewelry BusinessNet Sales:¥18,587 million(up 0.5% YoY)
Operating Income:¥1,356 million(up 13.3% YoY)
The F.D.C. Products Group, which is largely responsible for the YONDOSHIHOLDINGS Group’s Jewelry Business, reported firm trends in fashion jewelry on theback of successful measures to expand its female customer base and cultivate repeat
customers. Sales in the e-commerce business also expanded steadily following therenewal of its website. Meanwhile, the F.D.C. Products Group undertook steps to increase
efficiency through the integration of stores while also making large-scale investments inurban stores in the bridal jewelry business, which struggled under difficult conditions.
Apparel Business
Net Sales:¥20,921 million(up 6.6% YoY)
Operating Income:¥942 million(up 6.0% YoY)
Retailer age Co., Ltd., which operates the everyday fashion brand PALETTE, reported a
2.1% year-on-year increase in existing store sales. This represents a fourth consecutive
fiscal year of growth. In addition, efforts to expand the Group’s scale in the ApparelBusiness progressed steadily with the opening of 10 new stores, including four stores in
the Kanto region for the first time.
The AS’TY Group recorded an expansion in sales. Despite confronting a harsh
operating environment impacted in part by the weak yen and higher materials costs, thiswas mainly due to successful efforts to take advantage of the foreign production
infrastructure to strengthen business with mainstay trading partners.

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. Consolidated Earnings Forecasts for Fiscal 2023
(Millions of yen, %)Fiscal 2022
(Actual)Fiscal 2023
(Forecasts)

39,5081,979
2,342

Net Sales
Operating Income

YoY
＋1.2%

40,000
2,100
2,500

＋6.1%

Ordinary Income＋6.7%
Profit attributable to1,149
1,300＋13.1%
owners of parent
1. Forecast net income per share for FY2023: ¥60.63
2. The average number of issued shares for fiscal 2022 (consolidated basis): 21,441,448 shares
3. Operating income before the amortization of goodwill: FY2023 ¥2,596 million FY2022 ¥2,476million.

The YONDOSHI HOLDINGS Group will make every effort to maximize the strengthsof the Group to provide products and services that exceed customer expectations whiletargeting further growth against the backdrop of a changing operating environment.
In addition to further enhancing brand value and reforming the earnings structure andplatform in the mainstay Jewelry Business segment, the YONDOSHI HOLDINGS Groupwill build a robust business portfolio by expanding store openings and promoting existing
store growth in the Apparel Business segment.
Moreover, energies will be directed toward practicing sustainable management toestablish a highly trusted corporate group, and further enhancing enterprise value by
strengthening internal controls, providing shareholder returns, and making medium- tolong-term investments linked to earnings growth.
3. Cash Dividends(Yen)
1Q-EndActual for
Fiscal 2021
Forecast for
Fiscal 2022Forecast for
Fiscal 2023

Annual Cash Dividend
2Q-End3Q-EndPeriod-End

Total

―

41.50

―

41.50

83.00

―

41.50

―

41.50

83.00

―

41.50

―

41.50

83.00

Based on this policy, YONDOSHI HOLDINGS plans to pay a fiscal year-end cash
dividend of ¥41.50 per common share. Together with the interim cash dividend paid of¥41.50 per common share, the full fiscal year cash dividend for the fiscal year underreview will therefore come in at ¥83 per common share. The Group has established atarget DOE, a core indicator for measuring shareholder returns, of at least 4% and theCompany will achieve its DOE target of 4.4% for fiscal 2022.
Turning to dividends for the fiscal year ending February 29, 2024, YONDOSHIHOLDINGS plans to pay an interim and fiscal year-end cash dividend of ¥41.50 per
common share for a full fiscal year cash dividend of ¥83 per common 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