July 7, 2021
For Immediate Release
Company Name:
Representative:

Securities Code:Contact:

Telephone:

YONDOSHI HOLDINGS INC.
Saishi Kimura
Chairman and Representative Director,
CEO8008, TSE First Section
Masahiko Nishimura
Director and Executive Officer
Responsible for Finance+81-3-5719-3429

Notice of Revision to Fiscal 2021 First Half and Full Year Forecasts
In light of recent operating results, YONDOSHI HOLDINGS Inc. (“YONDOSHI HOLDINGS” or“the Company”) has revised its forecasts for the second quarter cumulative and full year periods ofFiscal 2021, the fiscal year ending February 28, 2022, from those announced on April 12, 2021.
Details of the revision are as follows.
1. Revised Operating Results Forecasts(1) Revised Consolidated Results Forecast for FY2/22 2Q Cumulative Period (March 1, 2021 toAugust 31, 2021)(Millions of yen, %)Profit attributable
Net income
to owners ofper shareparent(Yen)
950
43.91

Net sales

Operatingincome

Ordinary
incomePrevious forecast (A)19,500

1,250

1,500

Current forecast (B)

18,000

500

800

300

Variance (B – A)

(1,500)

(750)

(700)

(650)

(7.7)

(60.0)(46.7)(68.4)

17,9801,043

1,283603

Percentage change(Reference) FY2020
1H Result

14.01

27.79

(2) Revised Consolidated Results Forecast for FY2/22 (March 1, 2021 to February 28, 2022)(Millions of yen, %)Profit attributable
Net income
to owners ofper share
parent(Yen)
2,500
115.55Net sales

OperatingincomeOrdinary
incomePrevious forecast (A)42,000

3,350

3,700

Current forecast (B)40,500

2,800

3,300

2,200

Variance (B – A)

(1,500)

(550)

(400)

(300)

(3.6)

(16.4)(10.8)(12.0)

39,449

2,767

3,195

1,622

Percentage change(Reference) FY2020
Result102.71

75.00

2. Reason for the Revision(1) Consolidated Results Forecast for FY2/22 2Q Cumulative Period (March 1, 2021 to August31, 2021)
Results forecasts for FY2/22 announced on April 12, 2021, were premised on the assumption thatsince the second State of Emergency issued on January 7, 2021, was lifted on March 21, 2021,
that for the present business conditions would gradually improve, despite still being subject to theeffects of the COVID-19 crisis.
However, a renewed outbreak in mid-April led to a sudden increase in reported coronavirus
cases, and on April 25, 2021, Japan’s government issued a third State of Emergency in areas
where infections were rising. As a result, the mainstay Jewelry Business suffered a sharp decline
in customer traffic, with operations suspended at up to 65 stores.
In consideration of 1Q results, which were impacted by the unexpected deterioration in thebusiness environment, as well as recent consumption trends, the Company has revised its results
forecast for the 2Q Cumulative Period of Fiscal 2/22 from the previously announced forecast, asshown in the preceding chart.
(2) Consolidated Results Forecast for FY2/22 (March 1, 2021 to February 28, 2022)
Results forecasts for the full year period of FY2/22, in addition to the factors cited for the 2Q
Cumulative Period, were formulated amid expectations of the impending COVID-19 vaccine
rollout in Japan and the gradual normalization of social and economic activity, based on a scenariothat took into account the circumstances of the vaccination programs in other developed countries.
For the mainstay Jewelry Business in particular, the Company had envisioned an easing ofrestrictions as Japan’s vaccination program moved forward, with a gradual recovery in domestic
consumption, leading to a forecast for higher sales and earnings.
In consideration of these factors, the Company has revised its results forecast for Fiscal 2/22
from the previously announced forecast, as shown in the preceding chart.
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 a varietyof other factors. The Company will continue to announce material matters for disclosure
promptly when they arise.
END