July 8, 2020
For Immediate Release
Company Name:
Representative:

Securities Code:Contact:

Telephone:

YONDOSHI HOLDINGS INC.
Saishi Kimura
Chairman and Representative Director,CEO8008, TSE First Section
Masahiko Nishimura
Director and Executive Officer
Responsible for Finance+81-3-5719-3429

Notice of Operating Results Forecast and Dividend Forecast
YONDOSHI HOLDINGS INC. (“YONDOSHI HOLDINGS” or “the Company”) today announces
its operating results forecast and dividend forecast for fiscal 2020 (March 1, 2020 to February 28,2021), which had been left undetermined in the Company’s fiscal 2019 consolidated financial
statement released on April 13, 2020. The forecasts are as follows.
1. Operating Results Forecasts(1) Consolidated results forecast for the first half of fiscal 2020 (March 1, 2020 to August 31,2020)(Millions of yen, %)Profit attributable
Net income
to owners ofper shareparent(Yen)
TBD
TBD

Net sales

Operatingincome

Ordinary
incomePrevious forecast (A)

TBD

TBD

TBD

Current forecast (B)17,500

900

1,100

400

Variance (B – A)––––

Percentage change(Reference) FY2019
1H Result––––21,925

2,195

2,370

1,484

18.44

66.10

(2) Consolidated results forecast for the full year period of fiscal 2020 (March 1, 2020 to February
28, 2021)(Millions of yen, %)Profit attributable
Net income
to owners ofper shareparent(Yen)
TBD
TBD

Net sales

OperatingincomeOrdinary
incomePrevious forecast (A)

TBD

TBD

TBD

Current forecast (B)

39.000

2,900

3,300

2,000

Variance (B – A)––––

Percentage change(Reference) FY2019
Result––––44,970

3,975

4,312

2,475

92.19

112.18

(3) Reasons for the announcement
YONDOSHI HOLDINGS’s consolidated operating results forecasts for fiscal 2020 were left asundetermined at the time of the previous results announcement on April 13, 2020, as a rational
calculation was not feasible amid the spread of COVID-19 and the uncertainties surrounding its
impact.
The Company has now calculated its consolidated operating forecasts with the expected
impact on business operations, based on currently available market trend data and otherinformation, on the premise that although the effects will continue during the period, the current
situation for the spread of COVID-19 will not worsen, and consumer spending will gradually
recover.
Of note, these consolidated operating results forecasts are based on currently available
information and certain assumptions determined to be reasonable at present. Actual results mayvary considerable from forecast figures as a result of a variety of factors. There is also thepossibility of substantial shifts in the timing of return to normal activity and the extent of theimpact from COVID-19. The Company will make an announcement promptly should a situationarise that could affect the operating results of YONDOSHI HOLDINGS Group.
2. Dividend Forecast(1) Dividend forecast(Yen)

Previous forecast

Current forecast(Reference) FY2019 Result

Dividend Per Share
2Q-EndPeriod-End
TBD
TBD
40.50
40.50
40.00
40.00

Total
TBD
81.00
80.00

(2) Reasons for the dividend forecast
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 raisingof the level of shareholder returns through such means as a stable and continuous cash dividend
payment, and flexible share buybacks. The Company also maintains an adherence to continuous
dividend increases, aiming to reach 100 yen per share in the future.
Regarding the previously undetermined dividend forecast for fiscal 2020, in order to realize
an increase in the level of shareholder returns as per the above policy, the Company plans to pay
a full year dividend of 81 yen per share, comprising an interim dividend of 40.5 yen, and a yearend dividend of 40.5 yen. This represents a tenth consecutive fiscal year of dividend increase.
END