YONDOSHI HOLDINGS INC.
January 7, 2020
(Securities Code: 8008, First Section, Tokyo Stock Exchange)

Summary of the Consolidated Financial Report for the Third Quarter
Cumulative Period of Fiscal 2019 (Ending February 29, 2020)
・ Net sales declined marginally during the subject period, while operating
income increased slightly. Ordinary income decreased on the lack of equity inearnings of affiliates in the subject fiscal year, while net income rose sharply
due to a fall in tax expense.
・ The Jewelry Business posted declines in revenue and earnings, mainly as aresult of the consumption tax hike. The Apparel Business was positive, withgains in both revenue and earnings.
・ The Company canceled five million shares on October 15, 2019.
・ The dividend forecast for fiscal 2019 is an increase of 5 yen from the previous
fiscal year to 80 yen per share, the ninth consecutive annual increase.
YONDOSHI HOLDINGS INC. (“YONDOSHI HOLDINGS” or “the Company”;
Headquarters: Shinagawa-ku, Tokyo; Chairman and Representative Director, CEO:
Saishi Kimura) announced today its business results for the third quarter cumulative
period of fiscal 2019 (March 1, 2019 to November 30, 2019), the fiscal year ending
February 29, 2020. A summary of these results is as follows.
1. Consolidated Business Results(Millions of yen, %)Fiscal 2018 3Q
Net Sales
Operating Income

33,237
3,001
3,805

Fiscal 2019 3Q

32,776
3,025
3,289

YoY

(1.4)%+0.8%(13.6)%

Ordinary Income
Profit attributable to814
2,009+146.7 %owners of parent
1. Net income per share for the period was ¥90.49 (¥31.71 for the same period of the previous fiscalyear).
2. The average number of issued shares for the period (consolidated basis) was 22,202,155 shares.

In the retail industry, business conditions remained difficult as a result of a falloff inconsumption following the increase in the consumption tax and the impact from typhoons
and other natural disasters, as well the continued budget-consciousness arising fromuncertainty about the future.
Under these circumstances, during fiscal 2019, the second year of the fifth mediumterm management plan, the YONDOSHI HOLDINGS Group aimed to enhance enterprisevalue, and addresses priority measures in each business.
As a result, net sales for the subject third quarter cumulative period amounted to
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: +81-3-5719-3274; FAX: +81-3-5719-4462; e-mail: ir-yondoshi@yondoshi.co.jp

¥32,776 million (down 1.4% from the same period of the previous fiscal year), with
operating income of ¥3,025 million (up 0.8%). Ordinary income declined to ¥3,289million (down 13.6%) because equity in earnings of affiliates was not recorded from thesubject fiscal year, but tax expenses also decreased, resulting in a gain in profit
attributable to owners of parent to ¥2,009 million (up 146.7%).

Operating Results by Business Segment
Jewelry Business
Net Sales:
Operating Income:¥18,846 million¥2,410 million(down 3.8% YoY)
(down 6.9% YoY)

The F.D.C. Products Group recorded declines in both net sales and operating income fromthe same period of the previous fiscal year, due in part to the impact from the consumption
tax hike.
Apparel Business
Net Sales:
Operating Income:¥13,929 million¥766 million(up 2.1% YoY)
(up 37.4% YoY)

The AS’TY Group substantially improved its earning capacity by strengthening measureswith major clients, and enhancing its production management capabilities. Retailer age
Co., Ltd. posted gains from expanded openings of new locations for its everyday fashion
brand PALETTE, and successful efforts to improve the gross margin by scaling backinventory of seasonal goods.
2. Forecasts for the Full Fiscal 2019 Period(Millions of yen, %)Fiscal 2019
(Forecast)Fiscal 2018
(Actual)Net Sales
Operating Income
Ordinary Income
Profit Attributable toOwners of Parent

YoY

47,1184,984
6,804

47,300
5,100
5,400

+0.4％
+2.3％
(20.6)％

2,440

3,400

+39.3％

1. Forecast net income per share for FY2019: ¥153.14
2. Average number of issued shares (consolidated basis): 22,202,155 shares

Consolidated results forecasts for the full fiscal 2019 period are unchanged from thoseannounced on April 10, 2019.
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 variety of otherfactors.

END
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: +81-3-5719-3274; FAX: +81-3-5719-4462; e-mail: ir-yondoshi@yondoshi.co.jp