YONDOSHI HOLDINGS INC.
July 11, 2024

(Securities Code: 8008, Prime Market, Tokyo Stock Exchange)

Summary of the Consolidated Financial Reportfor the First Quarter of Fiscal 2024 (Ending February 28, 2025)
・ Revenue increased for a fourth consecutive period. Earnings at all levels was
mainly in line with plan, with profit attributable to owners of parent increasing
for a fourth consecutive period on sale of Company-held securities.
・ Brand Business (formerly Jewelry Business): Process underway to strengthenfoundations through revision of product and sales promotion strategies aimed atexpanding support among female customers.
・ Apparel Business: Expanded sales at the everyday fashion brand PALETTE on
new store openings, and increased revenue at The AS’TY Group fromstrengthening of measures with major business partners.
・ In line with the shareholder return policy of providing stable and continuous
dividends (DOE of 4% or higher), and improving the total return ratio throughshare buybacks, the Company plans to pay an annual dividend of 83 yen per
share.
YONDOSHI HOLDINGS INC. (“YONDOSHI HOLDINGS” or “the Company”;
Headquarters: Shinagawa-ku, Tokyo; President and Representative Director: HidetoshiMasuda) today announced its business results for the first quarter period of fiscal 2024
(March 1, 2024, to May 31, 2024), the fiscal year ending February 28, 2025. A summaryis as follows.
1. Consolidated Business Results(Millions of yen, %)FY2/24 1Q
Net Sales

FY2/25 1Q

YoY

9,585

9,693

+1.1%

Operating Income

727

524

(25.5) %Ordinary Income
Profit Attributable toOwners of Parent

850655(22.9) %502525+4.6%

1. Net income per share: ¥24.52 (¥23.45 in the previous fiscal year)
2. Average number of issued shares (consolidated basis): 21,453,450 shares
3. Operating income before amortization of goodwill: ¥666 million (¥852 million in the previous fiscal year).

In the retail sector, sales of high-ticket items were firm, and demand from inbound tourism
continued to rise. However, wage increases have not kept pace with rising prices, andwith real wages on a downward trend, consumers continue to focus on cost savings andlower prices, leading to greater market polarization. Under such circumstances,YONDOSHI HOLDINGS Group implemented priority issues in each of its businesssegments, with the aim of enhancing corporate value.

As a result, net sales for the subject first quarter period amounted to ¥9,693 million(up 1.1% from the same period of the previous fiscal year), with operating income of¥542 million (down 25.5%), ordinary income of ¥655 million (down 22.9%) and profit
attributable to owners of parent to ¥525 million (up 4.6%).
Brand Business
Net Sales:
Operating Income:¥3,511 million¥249 million(down 10.2% YoY)
(down 34.8% YoY)The F.D.C. Products Group, which handles the Brand Business, is working to strengthen
its foundation by revising product and sales promotion strategies to expand support
among female customers. With the aim of rebuilding the portfolio by taste, F.D.C.
Products Group increased the number of directors, and began product planning under a
new structure.
Apparel Business
Net Sales:
Operating Income:¥6,182 million¥406 million(up 8.9% YoY)
(down 9.9% YoY)

Retailer age Co., Ltd., operator of the everyday fashion brand PALETTE, was impacted
by low temperatures in early spring and other types of unseasonable weather in certain
areas, but overall sales increased on new store openings. Apparel manufacturing andwholesaler The AS’TY Group, drawing on its strength in overseas production bases,
expanded measures with major business partners, leading to positive performance inboth revenue and earnings.
2. Results Forecasts for Second Quarter Cumulative and Full Year Periods ofFiscal 2024 (FY2/25)
Second Quarter Cumulative(Millions of yen, %)FY2/25
2Q Cumulative(Forecast)

FY2/24
2Q Cumulative(Actual)YoY

Net Sales

19,11020,000+4.7%

Operating Income

1,069

1,000(6.5) %Ordinary Income

1,284

1,200(6.6) %696

750+7.7%

Profit Attributable toOwners of Parent

1. Forecast net income per share for the FY2/25 2Q cumulative period: 34.96 yen
2. Average number of issued shares (consolidated basis): 21,453,450 shares(Millions of yen, %)Full Year
FY2/24(Actual)

FY2/25(Forecast)YoY

Net Sales

39,45741,000+3.9%

Operating Income

2.096

2,350

+12.1%

Ordinary Income

2,515

2,800+11.3%

Profit Attributable toOwners of Parent

1,300

1,600+23.0%

1. Forecast net income per share for FY2/25: 74.58 yen
2. Average number of issued shares (consolidated basis): 21,453,450 shares
3. Earnings per share (EPS) before goodwill amortization: 97.72 yen3. Cash Dividends for Fiscal 2024 (FY2/25)(Yen)
Annual Cash Dividend
FY2/24(Actual)FY2/25(Forecast)

1Q-End2Q-End3Q-EndPeriod-End

Total

―

41.50

―

41.50

83.00

―

41.50

―

41.50

83.00

YONDOSHI HOLDINGS Group recognizes that providing returns to shareholders is an
important management issue, and enhances shareholder returns by providing a stable andcontinuous cash dividend payment, along with flexible share buybacks. The Company
has also set a target DOE of 4% or higher as a key indicator of shareholder returns, 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, 2025,
YONDOSHI HOLDINGS plans to pay an interim and year-end cash dividend of 41.50
yen per share, for an annual cash dividend of 83 yen per share.
END***Company Name:
Head Office:Established:
Paid-in Capital:
Business Activities:URL:

YONDOSHI HOLDINGS Inc.
2-19-10 Kami-Osaki, Shinagawa-ku, TokyoMay 1950
¥2,486.52 million
Brand business centered on “4°C” jewelry; Apparel business comprising
OEM and ODM, and operation of the everyday fashion brand PALETTE.
https://yondoshi.co.jp/eng/Inquiries: YONDOSHI HOLDINGS Inc.
Corporate Planning Office
TEL: +81-3-5719-3295
FAX: +81-3-5719-3296
E-mail: ir-yondoshi@yondoshi.co.jp