CONSOLIDATED FINANCIAL REPORT（Japanese GAAP）
FIRST HALF OF THE FISCAL YEAR ENDINGFEBRUARY 28, 2017
(March 1, 2016 to August 31, 2017)
October 11, 2016
YONDOSHI HOLDINGS INC. is listed on the First Section of the Tokyo Stock Exchange under the securities code
number 8008.
Representative:
Inquiries:

Hidenori Suzuki, President and Representative Director
Masahiko Nishimura, Director and Executive Officer responsible for Finance
Tel: +81-3-5719-3429
URL: http://www.yondoshi.co.jp/
Quarterly Securities Report filing date (planned): October 14, 2016
Supplemental materials prepared for quarterly financial results: Yes
Holding of quarterly financial results meeting: Yes
Dividend payment commencement date (planned): November 11, 2016
(Millions of yen rounded down)

1. Consolidated Operating Results for the First Half of Fiscal 2016
(March 1, 2016 to August 31, 2016)(1) Consolidated Operating Results (Cumulative)(Percentage figures are the increase / (decrease) for the corresponding period of the previous fiscal year.)
Profit attributable to
Net sales
Operating Income
Ordinary Income
owners of parent％

Millions of yen

Millions of yen％

Millions of yen％

Millions of yen％

FY2016 First Half

22,935

(4.6)

2,704

22.7

3,273

37.4

2,081

50.6

FY2015 First Half

24,048

1.0

2,203

(2.5)

2,382

(6.8)

1,381

(10.1)

Note: Comprehensive income FY2016 First Half: 2,052 million yen (29.1%)
FY2015 First Half: 1,589 million yen (-9.6%)
Net Income
per Share

Net Income per
Share after Dilution
Yen

Yen

FY2016 First Half

80.55

80.47

FY2015 First Half

51.98

51.86

(2) Consolidated Financial Position
Net Assets to Total
AssetsNet Assets per Share%Yen

45,97877.0

1,801.49

60,57645,237
February 29, 2016
(Reference)
Shareholders’ equity: August 31, 2016: 45,884 million yen
February 29, 2016: 45,168 million yen

74.6

1,747.62

Total Assets

Net Assets

Millions of yen

August 31, 2016

Millions of yen

59,628

2. Dividends
Dividends per Share
(Record Date)
Fiscal 2015
Fiscal 2016
Fiscal 2017
(Forecast)End of 1Q

End of 2Q

End of 3Q

AnnualYear-end

Yen

Yen

Yen

Yen

Yen

—
—

20.00
25.00

—

20.00

40.00

—

25.00

50.00

Note: Revision to the most recently announced cash dividend forecast: No-1-

3. Forecasts of Consolidated Operating Results for the Fiscal Year Ending February 28, 2017
(March 1, 2016 to February 28, 2017)(% figures for the full fiscal year represent year-on-year increase or decrease)
Profit attributable to
Net Income
Operating Income
Ordinary Income
owners of parent
per Share

Net Sales
Millions of yen

Fiscal year
endingFebruary 28,
201751,500%(2.6)

Millions of yen

%

6,550

7.1

Millions of yen

7,700

%

12.3

Millions of yen

4,950

%

Yen

15.7

191.56

Note: Revision to the most recently announced operating results forecast: No

Notes(1) Changes in Important Subsidiaries during the Period:(Changes in specified subsidiaries that caused changes in the scope of consolidation): Yes
New: —
Excluded: 1 (Company name: MISUZU Co., Ltd.)
Note: For more detailed information, please see the section “2. Matters Concerning Summary
Information (Notes) (1) Changes in Significant Subsidiaries during the Subject Period” onpage 5.
(2) Application of Special Accounting Practices in the Preparation of the Quarterly Consolidated
Financial Statements: No(3) Changes in Accounting Policies, Changes in Accounting Estimates, and Restatements
1) Changes of accounting principles in line with revisions to accounting and other standards: Yes
2) Changes of accounting principles other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Number of Shares Issued and Outstanding (Common Stock)
1. Total number of shares issued and outstanding (including treasury stock) as of theperiod-end:
August 31, 2016: 29,331,356 sharesFeb. 29, 2016: 29,331,356 shares
2. Total number of treasury stock as of the period-end:
August 31, 2016: 3,861,014 sharesFeb. 29, 2016: 3,485,424 shares
3. Average number of shares for the period (Cumulative total for the quarterly consolidated
period)FY2016 First Half: 25,840,666 shares
FY2015 First Half: 26,583,683 shares
The number of recorded treasury stock is inclusive of 153,100 of the Company’s shares held by
the YONDOSHI HOLDINGS Group Employees’ Shareholding Association Trust Account as ofthe end of the quarterly fiscal period.
Regarding the Status of Quarterly Review Procedure Implementation
This financial report for the first half of fiscal 2016 is not subject to the quarterly review procedures
stipulated in the Financial Instruments and Exchange Act of Japan. As of the date of disclosure of thisreport, the review procedures for the quarterly financial statements under the Financial Instruments andExchange Act had not been completed.
Explanation concerning the Proper Use of Operating Results Forecasts and Other Relevant Specific Items
The forecasts of operating results and other items concerning the future contained in this document are
based on management’s assumptions and beliefs that are determined to be reasonable in light of currently
available information, YONDOSHI HOLDINGS INC. cautions readers that due to a variety of factors
actual results may differ materially from forecasts. For the assumptions that underpin operating results
forecasts as well as cautionary notes on the use of operating results forecasts, please refer to “(3)Explanation of Consolidated Results Forecasts and Other Future Predictions” on page 5.

-2-

Contents
1.

2.

Qualitative Information on Business and Financial Results

4(1)

Explanation of Business Results

4(2)

Explanation of Financial Condition

4(3)

Explanation of Consolidated Results Forecasts and Other Future Predictions

4

Matters Concerning Summary Information (Notes)

5(1)Changes in Important Subsidiaries during the Subject Period

5(2)Application of Special Accounting Practices in the Preparation of the Quarterly

5

Consolidated Financial Statements

3.

(3)

Changes in Accounting Policies, Changes in Accounting Estimates, and Restatements

5(4)Additional Information

6

Consolidated Quarterly Financial Statements

7(1)

Consolidated Quarterly Balance Sheets

7(2)

Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of

9Comprehensive Income
Consolidated Quarterly Statements of Income

Second Quarter Cumulative

Consolidated Quarterly Statements of Comprehensive Income

Second Quarter Cumulative

9
10

(3)

Consolidated Quarterly Statements of Cash Flows

11

(4)

Notes to Consolidated Quarterly Financial Statements

13(Notes Regarding Going Concern Assumptions)13(Notes Regarding Substantial Changes in Shareholders’ Equity)

13(Segment Information)

13

-3-

1. Qualitative Information on Business and Financial Results(1) Explanation of Business Results
During the first half (March 1, 2016 to August 31, 2016) of fiscal 2016, the fiscal year ending February
28, 2017 (March 1, 2016 to February 28, 2017), the outlook for economic conditions going forward
remained unclear. In addition to the continued rapid appreciation of the yen and prolonged sluggishness
in personal spending, this uncertainty also reflected a variety of concerns regarding the impact of the
U.K.’s withdrawal from the European Union, the slowdown in the rates of economic growth in such
emerging markets as China, and other factors amid signs of a downturn in corporate sector earnings.
In the retail industry, business conditions remained harsh, with consumption declining against the
backdrop of persistent budget-consciousness and a drop in the pace of inbound demand.
Under these circumstances, during the fiscal year ending February 28, 2017, the second year of the
fourth medium-term management plan, the YONDOSHI HOLDINGS Group continued to cultivate
human resources, bolster product capabilities, and assess market trends, with the aim of becoming a
century-old company and brand. Further, we practiced CSR-based management in an effort to become ahighly trusted corporate group, and worked to enhance enterprise value by strengthening internal
controls, providing shareholder returns, and making medium to long-term investments linked toearnings growth.
As a result, net sales for the subject first half period amounted to ¥22,935 million (down 4.6% YoY),
with operating income of ¥2,704 million (up 22.7% YoY), ordinary income of ¥3,273 million (up 37.4%
YoY), and profit attributable to owners of parent of ¥2,081 million (up 50.6% YoY).
Of note, operating income, ordinary income, and profit attributable to owners of parent reached record
highs for the first half period.
Operating results by business segment were as follows.

Jewelry BusinessAt the F.D.C. Products Group, sales at mainstay 4°C brand jewelry stores rose steadily, mainly as aresult of expansion in the range of items and zones following renovation of existing locations. We
continued with measures for the proactive opening of new store locations, centered on canal 4°C andLuria 4°C stores, and opened integrated and adjacent shops to utilize brand mix synergies. Results were
further boosted by the ecommerce business, which continues to record double-digit growth year on year.
As a result, net sales in the Jewelry Business segment amounted to ¥14,541 million (up 7.3% YoY),
with operating income of ¥2,432 million (up 7.1% YoY). Segment sales and operating income bothreached record highs for the fifth and seventh consecutive fiscal periods, respectively.
Apparel Business
The AS’TY Group posted positive results on successful efforts to strengthen measures with majorclients utilizing its planning capabilities and production framework. age Co., Ltd. achieved positive
returns by opening new locations in its mainstay everyday fashion brand PALETTE, and bystrengthening its product lineup in a bid to improve earnings. MISUZU Co., Ltd. was removed from thescope of the Company’s consolidation effective from the first quarter of the fiscal period under review,
following the transfer of stock.
As a result, net sales in the Apparel Business segment amounted to ¥8,393 million (down 20.0%
YoY), with operating income of ¥304 million (up from the operating loss of ¥32 million in thecorresponding period of the previous year).
(2) Explanation of Financial Condition
Assets, Liabilities, and Net Assets
Total assets at the end of the second quarter (August 31, 2016) of the fiscal year ending February 28,
2017 stood at ¥59,628 million, a decrease of ¥947 million compared with the end of the previous fiscal
year (February 28, 2016). This was due mainly to a decrease of ¥2,040 million in short-term investment
securities; against an increase of ¥1,745 million in investment securities. Total liabilities amounted to¥13,649 million, a decrease of ¥1,688 million compared with the end of the previous fiscal year. Thiswas due mainly to a decrease of ¥623 million in income taxes payable. Total net assets as of the end of
the period under review came to ¥45,978 million, an increase of ¥740 million compared with the end of
the previous fiscal year.

-4-Cash Flows
Cash and cash equivalents as of the end of the period under review stood at ¥2,782 million, a decreaseof ¥2,203 million compared with the end of the previous fiscal year.
(Cash Flows from Operating Activities)
Net cash provided by operating activities amounted to ¥738 million compared with ¥408 million for thecorresponding period of the previous fiscal year. The major cash inflow came from income before
income taxes of ¥2,667 million. This was partially offset by the principal cash outflow arising fromincome taxes paid of ¥1,528 million.
(Cash Flows from Investing Activities)
Net cash used in investing activities totaled ¥1,404 million compared with ¥739 million for thecorresponding period of the previous fiscal year. The primary cash outflow was for the purchase ofinvestment securities of ¥2,009 million.
(Cash Flows from Financing Activities)
Net cash used in financing activities came to ¥1,519 million down from ¥2,775 million for thecorresponding period of the previous fiscal year. This largely reflected purchase of treasury stock of¥866 million.
(3) Explanation of Consolidated Results Forecasts and Other Future Predictions
Earnings forecasts are unchanged from those announced on April 11, 2016.

2. Matters Concerning Summary Information (Notes)(1) Changes in Significant Subsidiaries during the Subject Period
As announced in “Notice of Transfer of Subsidiary (Share Transfer)”dated April 11, 2016 and “Noticeof Share Transfer Agreement” dated April 28, 2016, MISUZU Co., Ltd., which was a consolidated
subsidiary at the end of the previous fiscal year, was removed from the scope of consolidation from thefirst quarter period of the subject fiscal year, following the sale of all shares held by the Company on
April 28, 2016.
(2) Application of Special Accounting Practices in the Preparation of the Quarterly Consolidated
Financial Statements
Not applicable(3) Changes in Accounting Policies, Changes in Accounting Estimates, and Restatements
Changes in accounting policies(Application of Accounting Standard for Business Combinations, etc.)
The Company has applied “Revised Accounting Standard for Business Combinations” (AccountingStandards Board of Japan (ASBJ) Statement No. 21, September 13, 2013), “Revised AccountingStandard for Consolidated Financial Statements” (ASBJ Statement No. 22, September 13, 2013) and“Revised Accounting Standard for Business Divestitures” (ASBJ Statement No. 7, September 13, 2013),
from the subject first quarter period, changing its presentation of net income, and changing thepresentation of “minority interests” to “non-controlling interests.” The consolidated financial statements
for the previous fiscal year have been recombined to reflect these changes in presentation.
(Change in Depreciation Method for Property, Plant, and Equipment)
The Company and its consolidated subsidiaries, in accordance with revisions to corporate tax law, forbuildings and accompanying facilities and structures acquired from April 1, 2016, from the subject firstquarter period have changed the depreciation method from the declining balance method to the straightline method.
The effect of these changes on the Company’s consolidated profit and loss in the subject first half ofthe fiscal year is negligible.

-5-(4) Additional Information(Transactions to Provide Company Stock to Employees through a Trust)
The Company has introduced an employee stock ownership plan trust (“ESOP trust”) as an incentive toemployees to increase medium- to long-term corporate value, conducting transactions to provide
Company stock to employees’ shareholding association through a trust.
i. Transaction summary
The Company established a trust with the beneficiaries as employees who participate in the
YONDOSHI HOLDINGS Employees’ Shareholding Association (“the Shareholding Association”) andsatisfy certain requirements. The trust acquires Company stock in an amount expected to be procuredby the Shareholding Association over a five-year period, and sells the shares to the Shareholding
Association on a fixed date each month. When the trust is concluded, if the trust has earned a profit
from a rise in the share price, the funds are distributed to the employee beneficiaries in proportion totheir contribution. If a loss is incurred due to a decline in the share price, and debt pertaining to the trust
property remains, in accordance with the guarantee article in the loan agreement the Company willdischarge the entire debt to the bank, with no additional burden placed on employees.
ii. Matters concerning the Company’s stock held in the trust
Company stock remaining in the trust is recorded as treasury shares under net assets at book value tothe trust (excluding ancillary expenses). At the end of the subject first half of the fiscal year, the bookvalue of the subject treasury shares was ¥422,289 thousand, for 153,000 shares.
iii. Book value of debt recorded through application of the gross method¥427,880 thousand at the end of the subject first half of the fiscal year-6-

3. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheets(Thousands of yen)
End of the Fiscal Year Ended

End of the Second Quarter ofFebruary 29, 2016

the Fiscal Year Ending(As of February 29, 2016)

February 28, 2017
(As of August 31, 2016)

ASSETS
Current assets:
Cash and deposits

2,145,844

1,682,608

Notes and accounts receivable ― trade

3,671,116

3,549,019

Short-term investment securities

3,140,000

1,100,000

Merchandise and finished goods

7,612,167

8,198,424

Work in process

746,972

806,621

Raw materials and supplies

702,663802,032

Other current assets

895,776

1,214,928

Allowance for doubtful accounts(11,940)(1,498)18,902,600

17,352,137

Total current assets
Noncurrent assets:
Property, plant and equipment:
Buildings and structures, net

6,028,177

5,839,264

Land

5,528,465

5,492,215

Other, net

1,102,278

1,041,654

Total property, plant and equipment

12,658,921

12,373,134

5,213,301

4,965,048

Intangible assets:
Goodwill
Other intangible assets

374,273

271,398

Total intangible assets

5,587,575

5,236,447

18,490,635

20,236,322

Investments and other assets:
Investment securities
Net defined benefit asset
Other391,765

410,768

4,659,029

4,128,865

Allowance for doubtful accounts(114,219)(109,208)

Total investments and other assets

23,427,211

24,666,747

Total noncurrent assets
Total assets-7-

41,673,708

42,276,329

60,576,308

59,628,467

５．（要約）四半期連結財務諸表(Thousands of yen)
End of the Fiscal Year Ended

End of the Second Quarter ofFebruary 29, 2016

the Fiscal Year Ending(As of February 29, 2016)

February 28, 2017
(As of August 31, 2016)

LIABILITIESCurrent liabilities:
Notes and accounts payable ― trade

4,289,341

Income taxes payable

1,545,501

922,368

Provision for bonuses

528,148

281,699

Provision for directors' bonuses

56,60031,406

Asset retirement obligations

13,391―Other

3,897,039

3,188,732

Total current liabilities

10,330,022

9,191,001

4,766,794

Noncurrent liabilities:
Long-term loans payable

478,810427,880

Provision for directors' retirement benefits

433,131356,353

Net defined benefit liability

669,081

531,483

Asset retirement obligations

1,040,972

960,926

Other

2,386,467

2,182,197

Total noncurrent liabilities
Total liabilities

5,008,462

4,458,841

15,338,485

13,649,842

NET ASSETS
Shareholders’ equity:
Capital stock

2,486,520

2,486,520

Capital surplus

18,146,513

18,146,162

Retained earnings

29,958,714

31,504,940

Treasury stock(5,768,298)(6,569,285)

Total shareholders’ equity

44,823,450

45,568,338

Other accumulated comprehensive income:
Valuation difference on available-for-sale securities

810,524785,633

Deferred gains or losses on hedges(34,981)(18,986)

Revaluation reserve for land(158,063)(168,478)

Foreign currency translation adjustments

81,16736,984Remeasurements of defined benefit plans(353,371)(318,840)

Total other accumulated comprehensive income

345,275

316,312

Subscription rights to shares
Total net assets
Total liabilities and net assets-8-

69,097

93,97445,237,823

45,978,625

60,576,308

59,628,467

(2) Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements ofComprehensive Income
Consolidated Quarterly Statements of Income
Second Quarter Cumulative(Thousands of yen)First Half of theFirst Half of the

Fiscal Year Ended

Fiscal Year Ending

February 29, 2016

February 28, 2017

(March 1, 2015 to(March 1, 2016 toAugust 31, 2015)

August 31, 2016)

Net sales

24,048,617

Cost of Sales

10,414,905

22,935,702
9,613,164

Gross profit

13,633,711

13,322,537

Selling, general and administrative expenses

11,430,098

10,618,419

Operating income

2,203,613

2,704,118

Non-operating income
Interest income

9,486

9,008

Dividends received
Equity in earnings of affiliates

48,72850,49245,406483,960

Rent of real estate for investment

44,88036,570Foreign exchange gains

9,591

―

Other

53,93722,436

Total non-operating income

212,030

602,467

Non-operating expenses
Interest expenses
Depreciation of real estate for investment

268

123

2,940

2,348

―

22,544

Management cost for real estate for investment

1,023

1,023

Commission for purchase of treasury shares

25,006

833

Other

4,724

6,376

Foreign exchange losses

Total non-operating expenses
Ordinary income

33,96233,4292,381,680

3,273,336

Extraordinary loss
Impairment loss

134,948

38,686―

493,781

Loss on closing of stores

6,359

Building demolition costs

24,372――

Loss on sales of shares of subsidiaries and associates―

73,467

Total extraordinary losses

165,680

605,935

Net income before income taxes

2,216,000

2,667,400

Loss on valuation of investment securities

Income taxes ― current

777,946

898,944

Income taxes ― deferred

56,279(312,871)

Total income taxes

834,225

586,072

Net income

1,381,774

2,081,327

Profit attributable to owners of parent

1,381,774

2,081,327-9-

Consolidated Quarterly Statements of Comprehensive Income
Second Quarter Cumulative(Thousands of yen)

Income before minority interests

First Quarter of theFirst Quarter of the

Fiscal Year Ended

Fiscal Year Ending

February 29, 2016

February 28, 2017

(March 1, 2015 to(March 1, 2016 to

May 31, 2015)

May 31, 2016)

1,381,774

2,081,327

Other valuation difference on available-for-sale securities

188,123(46,378)

Deferred gains or losses on hedges
Foreign currency translation adjustments(19,446)

14,5396,645(44,182)

Revaluation reserve for land

10,00532,009―(10,415)

22,10025,464

207,428
1,589,203(28,963)
2,052,364

1,589,203

2,052,364――

Other comprehensive income

Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests- 10 -

(3) Consolidated Quarterly Statements of Cash Flows(Thousands of yen)First Quarter of theFirst Quarter of the

Fiscal Year Ended

Fiscal Year Ending

February 29, 2016

February 28, 2017

(March 1, 2015 to(March 1, 2016 to

May 31, 2015)

May 31, 2016)

Cash flows from operating activities:
Income before income taxes

2,216,000

2,667,400

Depreciation

581,296

539,932

Impairment loss

134,948

38,686

Amortization of goodwill

248,252

248,252

Increase (decrease) in allowance for doubtful accounts(1,294)(15,240)

Increase (decrease) in provision for bonuses(77,138)(227,728)

Increase (decrease) in net defined benefit liability(3,729)48,586

Increase (decrease) in other provision

9,134(66,462)(58,215)(59,501)

Interest and dividends income
Interest expenses

268

123

Equity in (earnings) losses of affiliates(45,406)(483,960)

Foreign exchange losses (gains)(2,245)(26,444)―493,781―

73,467(201,126)(99,603)(449,259)(1,178,045)

231,036

628,091(311,633)(276,712)(3,072)(139,522)

Loss (gain) on sales of shares of subsidiaries andassociates
Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivable ―trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable ―trade
Increase (decrease) in accounts payable-other
Increase (decrease) in advances received
Increase (decrease) in accounts payable - other(518,963)

16,403

Decrease (increase) in other assets(72,630)(108,911)

Increase (decrease) in other liabilities
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities- 11 -

11,33375,713

1,687,553

2,148,305

119,157

119,331

(268)

(123)

(1,398,324)(1,528,803)

408,117

738,708

(Thousands of yen)First Quarter of theFirst Quarter of the

Fiscal Year Ended

Fiscal Year Ending

February 29, 2016

February 28, 2017

(March 1, 2015 to(March 1, 2016 to

May 31, 2015)

May 31, 2016)

Cash flows from investing activities:
Purchase of noncurrent assets(606,780)

Proceeds from sales of noncurrent assets
Purchase of intangible assets
Proceeds from redemption of securities
Purchase of investment securities(592,106)

190

81,134(9,240)(2,474)―300,000(9,667)(2,009,746)―

500,000

Payments of long-term loans receivable(2,296)(5,200)

Collection of long-term loans receivable

5,245

31,989Purchase of long-term prepaid expenses(187,108)(57,212)―402,580

Other payments(98,727)(88,586)

Other proceeds

168,444

35,253

Net cash provided by (used in) investing activities(739,940)(1,404,367)

Net increase (decrease) in short-term loans payable

300,000

Proceeds from long-term loans payable

549,800――

Proceeds from redemption of investment securities

Proceeds from sales of shares of subsidiaries resulting inchange in scope of consolidation

Cash flows from financing activities:

Repayment of long-term loans payable
Purchase of treasury stock
Proceeds from sales of treasury stock(61,190)(50,930)(3,151,408)(866,205)

55,62362,778Cash dividends paid

(441,676)(535,101)

Other, net(26,457)(130,404)(2,775,310)(1,519,863)

Net cash provided by (used in) financing activities

1,322(17,713)

Net increase (decrease) in cash and cash equivalents(3,105,810)(2,203,235)

Cash and cash equivalents at beginning of period

3,952,933

4,985,844

847,1222,782,608

Effect of exchange rate changes on cash and cash equivalents

Cash and cash equivalents at end of period- 12 -

(4) Notes to Consolidated Quarterly Financial Statements(Notes Regarding Going Concern Assumptions)Not applicable(Notes Regarding Substantial Changes in Shareholders’ Equity)
Not applicable(Segment Information)
Ⅰ The first half of the fiscal year ended February 29, 2016 (March 1, 2015 to August 31, 2015)
1. Information Regarding Sales and Income or Loss by Reporting Segment(Thousands of yen)
Reporting Segments
Total

Amount recordedon consolidated
quarterlystatements ofincome (Note 2)

Adjustment
amount(Note 1)

Jewelry BusinessApparel Business

13,555,619

10,492,997

24,048,617―

24,048,617

25,023445,946

470,969(470,969)―

13,580,643

10,938,943

24,519,586(470,969)

24,048,617

2,270,500(32,145)

2,238,354(34,741)

2,203,613

Net sales
Net sales to outside
customers
Intrasegment net sales andtransfers
Total
Segment income or loss

Notes:
1. The adjustment amount of minus ¥34,741 thousand for segment income or loss mainly includes corporate expenses thatare not allocated to individual reporting segments. Corporate expenses are primarily general administrative expenses not
attributable to reporting segments.
2. Segment income or loss figures have been adjusted to operating income on the consolidated quarterly income
statements.

2. Information Regarding Impairment Loss of Fixed Assets, Goodwill and Related Items by
Reporting Segment
There was no major impairment loss recorded during the period under review.
Ⅱ

The first half of the fiscal year ending February 28, 2017 (March 1, 2016 to August 31, 2016)
1. Information Regarding Sales and Income or Loss by Reporting Segment(Thousands of yen)
Reporting Segments
Total

Amount recordedon consolidated
quarterlystatements ofincome (Note 2)

Adjustment
amount(Note 1)

Jewelry BusinessApparel Business

14,541,726

8,393,975

22,935,702―

22,935,702

15,673

460,853

476,526(476,526)

―

Total

14,557,400

8,854,828

23,412,229(476,526)

22,935,702

Segment income

2,432,416

304,406

2,736,823(32,705)

2,704,118

Net sales
Net sales to outside
customers
Intrasegment net sales andtransfers

Notes:
1. The adjustment amount of minus ¥32,705 thousand for segment income mainly includes corporate expenses that are notallocated to individual reporting segments. Corporate expenses are primarily general administrative expenses not
attributable to reporting segments.
2. Segment income figures have been adjusted to operating income on the consolidated quarterly income statements.

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2. Information Regarding Impairment Loss of Fixed Assets, Goodwill and Related Items by
Reporting Segment
There was no major impairment loss recorded during the period under review.

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