YONDOSHI HOLDINGS INC.
First Section, Tokyo Stock Exchange (8008)

Reference Materials
October 8, 2021

1

1. Jewelry Market Trends
The domestic retail jewelry market is projected to reach ¥967.8 billion in 2021
◆ The domestic retail jewelry market fell ¥165.6 billion year on year, to ¥819.5 billion in 2020. This was
83.2% of the level reported in previous year and a severer contraction than at the time of Lehman
Brothers collapse.
◆ From March to May 2020, many jewelry stores were forced to shorten their business hours or close
temporarily, resulting in a significant downturn in opportunities to engage in jewelry sales.
◆ In 2021, the market is expected to recover, although not to the same extent as in 2019. This recovery islargely due to a forecast increase in purchasing demand in reaction to the self-restraint period andexpected growth in sales of high-end products, especially among the wealthy.

Transition and forecast of jewelry retail market size

(Billions of yen)
1,100

1,000

YoY
105.6％

101.1％

99.6％
97.1％

100.6％

101.0％

103.0％

118.1％

900

83.2％
800

700

600

2013

2014

2015

2016

2017

2018201920202021(Forecast)

Source: Summary of the “Jewelry Market in Japan: Key Research Findings 2021” posted on the Institute’s homepage.

2. YONDOSHI HOLDINGS Group Organization

Jewelry BusinessApparel Business3. Net Sales by Business (Consolidated)
1H FY 2020 (2020/8)(Millions of yen, %)Actual results

Jewelry business domain(*1)

Apparel businessdomain (*1)(The AS’TY Group)
(*2)

(age)
(*2)

Total

Share(%)

1H FY 2021 (2021/8)

YoY(%)

Actual results

Share(%)

YoY(%)

8,534

47.5

－32.6

7,894

44.4

－7.5

9,445

52.5

+2.19,875

55.6

+4.5

5,017

49.2

－9.3

4,687

44.1

－9.3

5,174

50.8

+8.3

5,943

55.9

+8.3

17,980

100.0

－18.0

17,769

100.0

－1.2

(*1. Net sales to external customers)(*2. Figures are before accounting for intersegment net sales and transfers; the Apparel Business composition ratio is calculatedusing the simple sum)

4. Overview of Capital Investment as well as
Depreciation and Amortization (Consolidated)
1H FY 2020
(2020/8)(Reference)
FY 2020(2021/2)

1H FY 2021 (2021/8)

Amount(Millions of yen)Amount(Millions of yen)Actual results

Actual results

YoY (%)

Amount(Millions of yen)

Actual results

Capitalinvestment

207

43－79.0365

Depreciation
andamortization

302

245－18.6

659

Capitalinvestment

190

229

+20.1

344

Depreciation
andamortization

166

166±0340

Jewelry BusinessApparel Business5. Overview of Employees (Consolidated)
1H FY2020 (2020/8)

Regular employees(The number in a parenthesis represent
female employees ) (Persons)

1H FY2021 (2021/8)

1,403 (1,195)

1,341 (1,138)

Part-timers (Persons)

907

922

Total (Persons)

2,310

2,263

Ratio of female employees (%)

85.2

84.9

* Ratio of female employees excluding part-time employees.

6. Jewelry Business: Sales by Brand and Product(Millions of yen, %)FY2019 (2020/2)
Actual results

4ºC Total *1

FY2020 (2021/2)

YoY

Actual results

1H FY2021 (2021/8)

YoY

Actual results

YoY (%)

18,248－4.4

13,553－25.7

5,274－3.4(4ºC Jewelry)(12,815)－(9,730)－(3,689)－(4ºC BRIDAL
specialty store)(5,433)－(3,822)－(1,585)－

Canal4ºC

4,163

－14.1

3,501－15.91,380+2.3

EAU DOUCE4ºC

520－14.8346－33.4

138+1.5

EC Business

1,692－0.9

2,040+20.5

774－13.1

MAISON JEWELL*2387－19.5

106－72.4－－Luria 4ºC*2

1,087－34.6

106－90.2－－

Overseas・Advance
Sales・Other

890

－10.2

988

+23.5

328

－33.1

Total

26,987－8.2

20,641－23.5

7,894－7.5*1 The figures for 4ºC Total represent the sums of the figures for 4ºC and 4ºC BRIDAL*2 MAISON JEWELL and Luria 4ºC were closed effective July 2020.

7. Jewelry Business: Number of Customers andAverage Spending per Customer by Brand and Product
1H FY2020 (2020/8)

1H FY2021 (2021/8)

Existing stores YoY(% )Number ofcustomers

Average spendingper customer

Number ofcustomers

Average spending
per customer

4ºC Jewelry－29.0－3.7＋4.7－5.7

4ºC BRIDAL－33.3－1.2－7.4－2.9

Canal4ºC－38.6+1.2+13.2－8.8

EAU DOUCE4ºC－36.7－5.2＋6.4－1.8

8. Jewelry Business : Sales by Store Channel
1H FY2020(2020/8)

1H FY2021 (2021/8)

Actual results(Millions of yen)

Actual results(Millions of yen)

YoY (%)

Share (%)

Roadside stores

5968+15.3

0.9

Bridal stores

1,733

1,585－8.5

20.1

Fashion buildings

2,142

2,029－5.3

25.7

Department stores

3,221

3,109－3.5

39.3

EC Business

890

774－13.1

9.8

Overseas・Advance Sales・Other490

328－33.1

4.2

Total

8,534

7,894－7.5

100.0

We kindly request that you direct all inquiries regarding this document and investor relations
in general to the following point of contact:

YONDOSHI HOLDINGS INC.
Financial Department (Kozuka)
TEL+81-3-5719-3295
E-mail ir-yondoshi@yondoshi.co.jp

Disclaimer: Forecasts and forward-looking statements are based on a wide range of assumptions.
YONDOSHI HOLDINSG INC. takes no responsibility for the accuracy of the information contained inthis document and does not guarantee its validity or outcome. Readers are asked to use this information
with the understanding that actual results may differ materially from estimates and forecasts.