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

Reference Materials
April 13, 2015

1. Jewelry Market Trends
Brisk Consumption of High-Priced Items Mainly by the Affluent Demographic;
Overall Market Scale Projected to Reach ¥1 Trillion in 2018
◆ The Retail Jewelry Market in Japan Witnessed Substantial Growth Reaching ¥961.7 Billion in 2013,
Up 5.6 % Compared with the Previous Year

◆ Robust Sales of High-Priced Jewelry on the back of Brisk Purchasing by the Affluent Demographic◆ Market Scape Projected to Reach ¥1 Trillion Yen in 2018 Despite the Impact of an Increase in Japan’sConsumption Tax Rate
Transition and forecast of jewelry retail market size
(Billions of yen)
1,100
1,000
900
800
7006002013

2014(forecast)

2015(forecast)

2016(forecast)

2017(forecast)

2018(forecast)

Source: Summary of the “Jewelry Market in Japan: Key Research Findings 2014” posted on the Institute’s homepage.

2. Apparel Retail Market Trends
Flagship Stores of Department Stores, and Specialty Stores play the role of an engine
for the domestic apparel market for 2013; Record year-on-year positive growth◆ Domestic Apparel Market in 2013 Reached 9,292.5 Billion Yen, 101.4% on Y-o-Y Basis, Showing Sound
Growth in Clothing for Men, Women, and Babies & Infants◆ Favorable Sales at Flagship Stores of Department Stores, Specialty Stores/Select Shops in CentralTokyo, and Mail-Orders◆ Values Taken Precedence over Price in Consumption
Transition and forecast of domestic apparel retail market size
(Billions of yen)
10,000
8,000
6,000
4,000
2,00002008

2009

2010

2011

2012

2013

2018
(forecast)

Source: Summary of the “Domestic Apparel Market: Key Research Findings 2014” posted on the Institute’s homepage.

3. Principal Operating Indicators (Consolidated)(Yen, %)End of FY2013(2014/2)

End of FY2014 (2015/2)
Actual results

YoY

Ordinary income margin (%) *11.7

12.5+0.8

Shareholders’ equity ratio (%)

75.4

75.1－0.3

ROE (%)

7.5

8.1+0.6

ROA (%)

5.7

6.1+0.4

ROI (%)

13.9

14.9+1.0

Net income per share (Yen)

116.4

135.0+18.6

Shareholders’ equity per share(Yen)

1,609

1,722+113

Cash dividends per share (Yen)

30

32+2

* Sales are used in lieu of operating revenues in calculating this indicator.

4. YONDOSHI HOLDINGS Group Organization

55. Segment InformationContents
Jewelry business (Brands including 4ºC, 4ºCBRIDAL,canal4ºC, EAUDOUCE4ºC, RUGIADA, MAISONThe F.D.C. Products Group
JEWELL, deux et deux)Bag business (4ºC, Luria 4ºC)
The AS’TY GroupApparel manufacturing businessWholesale businessDeveloper business

MISUZU Co., Ltd.

Apparel SPA businessage Co., Ltd.

Retail business (PALETTE, RAPPORT)6. Operating Revenues by Business (Consolidated)(Millions ofyen, %)FY 2011 (2012/2)

FY 2012 (2013/2)

FY 2013 (2014/2)

FY 2014 (2015/2)

Actualresults

Actualresults

Actualresults

Actualresults

Share

Share

Share

Share

Jewelrybusinessdomain22,98049.2%

24,67851.2%

26,27753.6%

28,537

56.3%

Apparelbusinessdomain23,711

50.8%

23,55848.8%

22,72546.4%

22,188

43.7%(The AS’TYGroup)

9,585

20.5%

9,940

20.6%

9,107

18.6%

8,787

17.3%

(MISUZU)

6,567

14.1%

6,141

12.7%

5,881

12.0%

5,344

10.5%

(age)

7,559

16.2%

7,477

15.5%

7,737

15.8%

8,057

15.9%

Total

46,693100.0%

48,237100.0%

49,003100.0%

50,726100.0%* Operating revenues to outside customers
Jewelry business domain: The F.D.C. Products Group
Apparel business domain: Total of the AS’TY Group, MISUZU and age

7. Sales by Marketing Channel (Consolidated)(Millionsofyen, %)FY 2010 (2011/2)

FY 2011 (2012/2)

FY 2012 (2013/2)

FY 2013 (2014/2)

FY 2014 (2015/2)

Actualresults

Actualresults

Actualresults

Actualresults

Actualresults

Share(%)

Share(%)

Share(%)

Share(%)

Share(%)

Specialtystores

25,64756.7

26,451

57.9

28,08459.4

29,783

61.9

29,97560.1

Department stores

13,38829.6

13,453

29.4

13,062

27.6

12,891

26.8

13,36826.8

Generalmerchandisingstores

2,731

6.0

2,676

5.9

2,651

5.6

2,471

5.1

2,404

4.8

Other

3,459

7.7

3,110

6.8

3,467

7.3

2,995

6.2

4,121

8.3

Total

45,225100.0

45,690100.047,264100.0

48,140100.049,868100.0

8. Overview of Capital Investment as well as
Depreciation and Amortization (Consolidated)

The F.D.C. ProductsGroup
The AS’TY GroupMISUZU Co., Ltd.

age Co., Ltd.

FY 2012(2013/2)

FY 2013(2014/2)

Amount(Millions of yen)Amount(Millions of yen)Amount(Millions of yen)

Actual results

Actual results

Actual results

FY 2014 (2015/2)

YoY (%)

Capitalinvestment

756

823

1,216+47.7

Depreciation andamortization

448

549

656+19.5

Capitalinvestment

38

117

419+357.4

Depreciation andamortization

256

245

249+1.8

Capitalinvestment

201

175

12－93.0

Depreciation andamortization

135

147

120－18.5

Capitalinvestment

1822

24+12.0

Depreciation andamortization

4457

81+39.8

9. Overview of Employees (Consolidated)(Persons, %)FY 2012 (2013/2)

FY 2013 (2014/2)

FY 2014 (2015/2)

Regular employees

1,8521,9331,996

Part-timers

986

1,050

1,021

Total

2,838

2,983

3,017

Ratio of female
employees

82.1

82.4

83.2

10. The F.D.C. Products Group: Sales by Brand and Product
FY 2012 (2013/2)

FY 2013 (2014/2)

FY 2014 (2015/2)(Millions of yen, %)Actual results

Actual results

YoY (%)

Actual results

YoY (%)YoY (%)

4ºC Jewelry

19,296+9.0

21,457+11.3

21,851+1.8

4ºCBags

799+4.0817+2.2

979+36.8

EAUDOUCE4ºC

476+5.3

501+5.4521+3.9

canal 4ºC

2,437+32.3

3,070+25.9

3,720+21.2

RUGIADA

716－9.7600－16.2

509－15.1

MAISONJEWELL44―

108+145.5

191+76.2

deux et deux――24―

109+355.0

Flags Café836－2.4――――

JOAQUIN
BERAO

124－17.8

209+68.5

10－94.9

11. The F.D.C. Products Group: Trends in results and investments inthe opening of new stores of brands that drive the Group forward
FY 2012 (2013/2)(Millions of yen)

FY 2013 (2014/2)

Ordinary
incomeNet sales

FY 2014 (2015/2)

Ordinary
incomeNet sales

Ordinary
incomeNet sales

4ºCBRIDAL

3,579629

6,517

1,440

6,366

1,049

canal 4ºC

2,311

298

2,883

397

3,445

581

Total

5,891

927

9,401

1,838

9,812

1,630

FY 2012 (2013/2)(Millions of yen,stores)

Investment
amounts in
new store
opening

FY 2013 (2014/2)
Investment
amounts in
new store
opening

Number of
new store
opening

FY 2014 (2015/2)
Investment
amounts in
new store
opening

Number of
new store
opening

Number of
new store
opening

4ºCBRIDAL

410

7491

7326

6

canal 4ºC

56

5897198

6

Total

466

12580

14524

12

(* Sales of EC business are excluded.)12. The F.D.C. Products Group: Sales by Store Channel
FY 2012(2013/2)

FY 2013(2014/2)

Amount(Millions ofyen)

Amount(Millions ofyen)

Actualresults

Actualresults

FY 2014 (2015/2)
Amount(Millions of yen)
BudgetShare (%)

vs. Budget(%)

YoY (%)

Actualresults

Roadside stores

2,019

1,842

1,652

1,519

5.3

91.7

89.5

Bridal stores

3,580

5,055

6,292

5,272

18.6

83.8

101.4

Fashion buildings

5,296

5,933

6,361

6,654

23.4

104.6

112.1

Department stores

12,853

12,891

13,004

13,368

47.1

102.8

103.7

13. The AS’TY Group: Sales by Business Type(Millions of yen, %)FY 2012 (2013/2)

FY 2013 (2014/2)

FY 2014 (2015/2)

Actualresults

Actualresults

Actualresults

YoY (%)YoY (%)YoY (%)

Apparel manufacturingbusiness

8,447+9.8

7,638－9.6

7,724+1.1

Wholesale business

3,187－7.0

3,055－4.1

2,853－6.6

Developer business

1,069－4.9934－12.6

932－0.4

14. MISUZU Co., Ltd.: Sales by Brand
FY 2012 (2013/2)

FY 2013 (2014/2)

FY 2014 (2015/2)(Millions of yen, %)Actual results

YoY (%)

Actual results

YoY (%)

Actual results

YoY (%)LD Prime

1,394－6.8

1,241－11.0

1,156－6.9

Rew de Rew

3,352－9.3

3,327－0.7

2,804－14.2

Double dazzle

446+21.7

383－14.1

393+2.8

DADA747－5.8

731－2.1

606－11.8

15. age Co., Ltd.: Sales by Store TypeFY 2012 (2013/2)

FY 2013 (2014/2)

FY 2014 (2015/2)(Millions of yen, %)Actual results

YoY (%)

Actual results

YoY (%)

Actual results

YoY (%)

PALETTE

5,900+5.3

6,282+6.5

6,847+9.0

Agency sale of 4ºC
brand products

189－9.6237+25.8283+19.4

Other

1,591－18.9

1,459－8.3

1,213－16.9

16. The F.D.C. Products Group: Number of Stores
FY 2015 (2016/2)

FY 2012 (2013/2)

FY 2013 (2014/2)

FY 2014 (2015/2)

4ºC

96929497

4ºCBRIDAL

23313537

4ºCZERO1111

RUGIADA

9884

EAUDOUCE4ºC

6677canal4ºC

24303543

MAISON JEWELL

2444

deux et deux―

222

JOAQUIN BERAO

31――

Luria4ºC――

612Jewelry

164

175

186

195Bags

28284055（店）Forecast

By brand (Jewelry)

By productNote: Certain stores handle multiple brands. As a result, figures do not match the number of stores as ofthe end of the period

17. MISUZU Co., Ltd.: Number of Stores(Stores)

FY 2012 (2013/2)

FY 2013 (2014/2)

FY 2015 (2016/2)

FY 2014 (2015/2)

Forecast

Rew de Rew

48494040

LD prime

19191817

Double dazzle

6666

DADA

15

1311

10

Other

1111

Total

89887674

18. age Co., Ltd.: Number of Stores
FY 2015 (2016/2)

FY 2012 (2013/2)

FY 2013 (2014/2)

FY 2014 (2015/2)

PALETTE

53576065LOU1310――4ºC

11121616

RAPPORT

1111Total

78807782(Stores)

Forecast

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.
General Affairs Division (Kozuka)
TEL+81-3-5719-3429
FAX+81-3-5719-4462
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.