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

Reference Materials
October 6, 2014

1

Contents
1. Jewelry Market Trends

3

2. Apparel Retail Market Trends

4

3. Principal Operating Indicators (Consolidated)

5

4. YONDOSHI HOLDINGS Group Organization

6

5. Segment Information

7

6. Operating Revenues by Business (Consolidated)

8

7. Sales by Marketing Channel (Consolidated)

9

8. Overview of Capital Investment as well as Depreciation and Amortization (Consolidated)10

9. Overview of Employees (Consolidated)

11

10. The F.D.C. Products Group: Sales by Brand and Product1211. The F.D.C. Products Group: Sales by Store Channel

13

12. The AS’TY Group: Sales by Business Type1413. MISUZU Co., Ltd.: Sales by Brand

15

14. age Co., Ltd.: Sales by Store Type16

15. The F.D.C. Products Group: Number of Stores

17

16. The F.D.C. Products Group: Number of Overseas Stores

18

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

19

18. age Co., Ltd.: Number of Stores202

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.

3

2. Apparel Retail Market Trends
Department Store Brands play the role of an engine for the domestic apparel market for 2012;
Record year-on-year positive growth◆ Domestic Apparel Market in 2012 Reached ¥9,164.5 Billion, 101.3% on Y-o-Y Basis, Positive Growthfor Second Consecutive Year

◆ Sales Rose for Department Store Brands including Brands for Housewives and Career Women◆ Brands Strategies to Define Targets May Become Important
Transition and forecast of domestic apparel retail market size
(Billions of yen)
10,000
8,000
6,000
4,000
2,00002008200920102011

2012

2015
(forecast)

Source: Summary of the “Domestic Apparel Market: Key Research Findings 2013” posted on the Institute’s homepage.

4

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

End of FY2014 (2015/2)
Forecast

YoY

Ordinary income margin (%) *11.7

12.4+0.7

Shareholders’ equity ratio (%)

75.4

75.2－0.2

ROE (%)

7.5

8.5+1.0

ROA (%)

5.7

6.4+0.7

ROI (%)

15.0

16.3+1.3

Net income per share (Yen)

116.4

137.2+20.8

Shareholders’ equity per share(Yen)

1,609

1,692+83

Cash dividends per share (Yen)3032+2* Sales are used in lieu of operating revenues in calculating this indicator.

5

4. YONDOSHI HOLDINGS Group Organization

65. Segment Information
Contents
The F.D.C. Products GroupJewelry business (Brands including 4ºC, 4ºCBRIDAL,canal4ºC, EAUDOUCE4ºC, RUGIADA, MAISONJEWELL, 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, LOU, RAPPORT)

7

6. Operating Revenues by Business (Consolidated)
1H FY 2013 (2013/8)

1H FY 2014 (2014/8)(Millions of yen, %)Actual results

Share (%)

YoY (%)

Actual results

Share (%)

YoY (%)

Jewelry businessdomain11,14849.2+3.3

12,704

53.3

+14.0

Apparel businessdomain11,50750.8－2.7

11,110

46.7－3.5(The AS’TYGroup)

4,859

21.4

－8.0

4,610

19.4

－5.1

(MISUZU)

2,869

12.7

－2.1

2,510

10.5

－12.5(age)

3,778

16.7

＋4.5

3,989

16.8

+5.6Total

22,655100.0＋0.1

23,815100.0+5.1* 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

87. Sales by Marketing Channel (Consolidated)

1H FY 2013 (2013/8)

1H FY 2014 (2014/8)(Millions of yen, %)Actual results

Share (%)

Actual results

Share (%)

Specialty stores

14,33264.5

14,65262.7

Department stores

5,512

24.8

5,815

24.9

Generalmerchandising stores

1,4806.7

1,445

6.2

Other900

4.0

1,475

6.3

Total22,224

100.0

23,387100.0

98. Overview of Capital Investment as well as
Depreciation and Amortization (Consolidated)
1H FY 2013(2013/8)

The F.D.C. ProductsGroup

The AS’TY GroupMISUZU Co., Ltd.

age Co., Ltd.

(Reference)
FY 2013(2014/2)

1H FY 2014 (2014/8)

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

Actual results

Actual results

YoY (%)

Amount(Millions of yen)

Actual results

Capitalinvestment

497

614

+23.5

823

Depreciation andamortization

250

300

+19.8

549

54118+118.2

117

120

118－1.4

245

Capitalinvestment

9311－87.3

175

Depreciation andamortization

7260－16.9

147

79+21.8222636+39.4

57

Capitalinvestment
Depreciation andamortization

Capitalinvestment
Depreciation andamortization

109. Overview of Employees (Consolidated)(Persons, %)FY2013 (2014/2)

1H FY2014 (2014/8)

Regular employees

1,933

2,001

Part-timers

1,050

986

Total

2,983

2,987

Ratio of female employees

82.4

83.4

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10. The F.D.C. Products Group: Sales by Brand and Product(Millions of yen, %)1H FY2013 (2013/8)
Actual results

FY2014 (2015/2)

1H FY2014 (2014/8)

YoY (%)

Actual results

YoY (%)Plan

YoY (%)

4ºC Jewelry

9,225+10.2

9,698+5.1

21,990+4.6

4ºCBags392－2.7472+21.0

943+15.4

EAUDOUCE4ºC

231+5.1

217－5.8

519+3.5

canal 4ºC

1,231+21.7

1,506+22.3

3,543+15.4

Luria 4ºC

―

―

2―

169―

RUGIADA

294－15.4

246－16.2

516－14.9

MAISONJEWELL

35―

76+111.9

179+64.7

deux et deux

―

―

53―

134+459.5

12

11. The F.D.C. Products Group: Sales by Store Channel

1HFY2013(2013/8)
Amount(Millions of yen)

Actual results

1H FY2014 (2014/8)
Amount(Millions of yen)
ActualBudgetresults

Share (%)

vs. Budget(%)

YoY (%)

Roadside stores

760724670

5.3－7.4－11.8

Bridal stores

2,324

2,810

2,586

20.4

－7.9

+11.3

Fashion buildings

2,450

2,580

2,733

21.6+5.9+11.6

Department stores

5,512

5,533

5,815

46.0

+5.1

+5.5

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12. The AS’TY Group: Sales by Business Type

1H FY2013 (2013/8)

1H FY2014 (2014/8)

FY2014 (2015/2)

Actualresults

Actualresults

Plan(Millions of yen, %)YoY (%)YoY (%)YoY (%)

Apparel manufacturingbusiness

4,112－9.4

3,935－4.3

7,704+0.9

Wholesale business

1,470－5.2

1,362－7.3

2,864－6.2

Developer business466－13.4

462－0.9931－0.4

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13. MISUZU Co., Ltd.: Sales by Brand

1H FY2013 (2013/8)

1H FY2014 (2014/8)

FY2014 (2015/2)

Actualresults

Actualresults

Plan(Millions of yen, %)YoY (%)YoY (%)YoY (%)LD Prime

596－5.8535－10.2

1,146－7.6

Rew de Rew

1,586+0.6

1,339－15.5

2,872－12.2

Double dazzle

189－21.3

184－2.7379－1.1DADA

391+2.7

303－22.4590－19.4

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14. age Co., Ltd.: Sales by Store Type

1H FY2013 (2013/8)

1H FY2014 (2014/8)

FY2014 (2015/2)

Actualresults

Actualresults

Plan(Millions of yen, %)YoY (%)YoY (%)YoY (%)

3,058+7.5

3,396+11.1

7,058+12.4

Agency sale of 4ºC
brand products

98+12.5

115+18.1

290+22.0

Other722

－7.5

599

－17.0

1,235－15.4

PALETTE16

15. The F.D.C. Products Group: Number of Stores(Stores)

FY2013 (2014/2)

1H FY2014 (2014/8)

FY2014 (2015/2)
ForecastBy brand (Jewelry)
4ºC

9292934ºCBRIDAL

3135374ºCZERO111

RUGIADA888

EAUDOUCE4ºC

657canal4ºC

303235MAISON JEWELL

444deux et deux

244JOAQUIN BERAO

100Jewelry

175

181

189

Bags

282934

By productNote: Certain stores handle multiple brands. As a result, figures do not match the number of stores as ofthe end of the period1716. The F.D.C. Products Group: Overseas Stores

 Tianjin

One store

 Xi’anOne store

 F&A AQUA Shanghai, inc.
(Overseas Affiliated Company) Shanghai Hangzhou

Three stores
One store18

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

FY2013 (2014/2)

FY2014 (2015/2)
Forecast

1H FY2014 (2014/8)

Rew de Rew

494242

LD prime

191818

Double dazzle

666DADA

131111Other

111Total

88787819

18. age Co., Ltd.: Number of Stores(Stores)

FY2013 (2014/2)

FY2014 (2015/2)
Forecast

1H FY2014 (2014/8)

PALETTE

575860LOU

10764ºC

111316RAPPORT

111Total

79798320

Thank you for your kind interest and attention
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.
Operations Department (Nogimoto, 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.