YONDOSHI HOLDINGS INC.
October 7, 2022
(Securities Code: 8008, Prime Market, Tokyo Stock Exchange)
Summary of the Consolidated Financial Reportfor the First Half of Fiscal 2022 (Ending February 28, 2023)
・ Increase in consolidated revenue and earnings; robust trends in both theJewelry and Apparel businesses
・ In the Jewelry Business, increases in both revenue and earnings; robust trends
in the fashion jewelry business on the back of efforts to strengthen productmeasures・ Increase in revenue and a decrease in earnings in the Apparel Business;
existing store growth in the everyday fashion PALETTE brand and a recovery
in apparel manufacturing business demand
・ Revenue and earnings forecast to increase of the full fiscal year; despite arevision to net sales, each level of profit projected to come in line with plans;
coupled with a decrease in overhead expenses, profit expected to expand overthe peak Christmas period in the Jewelry Business・ Continue to provide stable dividends with the DOE ratio target of 4% ormore; plans to pay an interim and period-end dividend of ¥41.50 per commonshare for an annual cash dividend of ¥83 per common share
YONDOSHI HOLDINGS INC. (“YONDOSHI HOLDINGS” or “the Company”;
Headquarters: Shinagawa-ku, Tokyo; President and Representative Director: HidetoshiMasuda) announced today its consolidated operating results for the first half period offiscal 2022 (March 1, 2022, to August 31, 2022), the fiscal year ending February 28, 2023.
A summary of these results is presented as follows.
1. Consolidated Operating Results(Millions of yen, %)Fiscal 2021 1H
Net Sales
Operating Income

Fiscal 2022 1H

YoY

17,806

18,514+4.0%429645+50.1%Ordinary Income
715822+14.9%
Profit Attributable to280513+83.2%
Owners of Parent
1. Net income per share for the subject period was ¥23.95 (¥13.08 for the corresponding period of theprevious fiscal year).
2. The average number of issued shares for the period (consolidated basis) was 21,439,768 shares.
3. Operating income before the amortization of goodwill was ¥893 million for the subject period (¥678
million in the corresponding period of previous fiscal year).

Head Office:Establishment:
Paid-in Capital:
Business Activities:
URL:
Inquiries:

2-19-10 Kami-Osaki, Shinagawa-ku, TokyoMay 1950
¥2,486.52 million
Brand business focusing mainly on jewelry; planning, manufacture and wholesale mainly ofapparel and bags; and retail business
https://yondoshi.co.jp/eng/YONDOSHI HOLDINGS INC. Corporate Planning Department
TEL: +81-3-5719-3295; FAX: +81-3-5719-4462; e-mail: ir-yondoshi@yondoshi.co.jp

While consumer spending exhibited a pickup owing to the relaxation of restrictions on
people’s movements, which triggered an increase in opportunities to go out, the outlook
in the retail industry remains unclear amid concerns of a cooling off in consumer
sentiment as a result of the series of price hikes. Under these circumstances, theYONDOSHI HOLDINGS Group has been working on the priority issues for eachbusiness with the aim of increasing enterprise value in fiscal 2022, the second year of its
sixth medium-term management plan.
As a result, net sales for the first half of the fiscal year under review amounted to¥18,514 million (up 4.0% from the same period of the previous fiscal year), operating
income totaled ¥645 million (up 50.1%), ordinary income was ¥822 million (up 14.9%),
and profit attributable to owners of parent came to ¥513 million (up 83.2%).
Jewelry Business
Net Sales:
Operating Income:¥8,306 million¥370 million(up 4.7% YoY)
(up 293.9% YoY)

The F.D.C. Products Group, which operates the jewelry business, recorded strong trends
in 50th anniversary limited-edition products as well as fashion jewelry including earringsand bracelets. In addition, e-commerce business sales also expanded steadily on the backof the full renewal of the e-commerce site in March.
Apparel BusinessNet Sales:
Operating Income:¥10,207 million¥490 million(up 3.4% YoY)
(down 10.3% YoY)

Retailer age Co., Ltd., operator of the everyday fashion brand PALETTE, recorded anincrease in sales. Operating income trends were also firm. In addition to the opening of
two new stores, these results were attributable to existing store growth on the back ofefforts to strengthen product proposal capabilities.
The AS’TY Group reported an upswing in sales. Despite the negative impact in partby the weak yen and higher material costs, this upswing in sales was largely attributable
to the recovery in demand and efforts to strengthen activities with mainstay business
partners.
2. Forecasts for Consolidated Operating Results for the Full-Year Period of Fiscal2022

Net Sales

38,12341,50040,500(Millions of yen, %)Compared
withYoY
InitialForecast＋6.2％(2.4)％

Operating Income

1,788

2,700

2,700

-＋51.0％Ordinary Income
2,293
3,000
3,000
Profit Attributable to1,490
1,800
1,800
Owner of Parent
1. Forecast net income per share for FY 2022: ¥83.96
2. Average number of issued shares (consolidated basis): 21,439,768 shares-＋30.8％-＋20.8％

Fiscal 2021
(Actual)Fiscal 2022
(InitialForecast)Fiscal 2022
(RevisedForecast)As far as consolidated operating results for the full fiscal year are concerned, forecasts
Head Office:Establishment:
Paid-in Capital:
Business Activities:
URL:
Inquiries:

2-19-10 Kami-Osaki, Shinagawa-ku, Tokyo
May 1950¥2,486.52 million
Brand business focusing mainly on jewelry; planning, manufacture and wholesale mainly ofapparel and bags; and retail business
https://yondoshi.co.jp/eng/
YONDOSHI HOLDINGS INC. Corporate Planning Department
TEL: +81-3-5719-3295; FAX: +81-3-5719-4462; e-mail: ir-yondoshi@yondoshi.co.jp

previously announced on April 14, 2022 have been revised as outlined in the precedingtable in light of operating results for the first half of the fiscal year ending February 2023
and our outlook for the future.
Note: Forecasts are based on available information as of the disclosure date for this material.
Actual results may vary from forecast figures as a result of economic conditions or avariety of other factors.

3. Cash Dividends for Fiscal 2022(Yen)Annual Cash Dividend
1Q-End2Q-EndFiscal 2021

―

41.50

Fiscal 2022

―

41.50

Forecast for
Fiscal 2022

3Q-EndPeriod-End

Total

―

41.50

83.00

―

41.50

83.00

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 raising of the level of shareholder returns through such means as a stable andcontinuous cash dividend payment, and flexible share buybacks. The Company has alsoestablished a target DOE, a key indicator of shareholder returns, of 4% or higher, andaims to reach a dividend payout of 100 yen per share in the future.
In accordance with this policy, for the fiscal year ending February 28, 2023,
YONDOSHI HOLDINGS plans to pay an interim and year-end cash dividend of ¥41.50
per share, for an annual cash dividend of ¥83 per share.
END

Head Office:Establishment:
Paid-in Capital:
Business Activities:
URL:
Inquiries:

2-19-10 Kami-Osaki, Shinagawa-ku, TokyoMay 1950
¥2,486.52 million
Brand business focusing mainly on jewelry; planning, manufacture and wholesale mainly ofapparel and bags; and retail business
https://yondoshi.co.jp/eng/YONDOSHI HOLDINGS INC. Corporate Planning Department
TEL: +81-3-5719-3295; FAX: +81-3-5719-4462; e-mail: ir-yondoshi@yondoshi.co.jp