For the fiscal year ending February 2024 (March 1, 2023, to February 29, 2024), net sales amounted to ¥39,457 million (down 0.1% year on year), with operating income of ¥2,096 million (up 5.9%), ordinary income of ¥2,515 million (up 7.4%), and net income of ¥1,300 million yen (up 13.2%), marking the second consecutive year of increase in operating income and ordinary income.
  The FDC Products Group, which handles the Jewelry Business, posted an earnings gain with a revenue decline, owing to the implementation of structural reforms to consolidate bridal specialty stores.
  In the Apparel Business, age Co., Ltd., operator of the everyday fashion brand PALETTE, recorded a significant increase in sales on growth at existing stores, along with a boost from opening 10 new stores, including in the Kanto region, reaching a total of 100 locations. The AS’TY Group faced a difficult business environment due to the impacts from depreciation of the yen and rising material prices, but by leveraging the strengths of its overseas production bases, managed to secure an increase in orders from major suppliers, for growth in both revenue and earnings.

　During the three years of the 6th Medium-Term Management Plan, the business environment changed drastically as a result of the COVID-19 pandemic. In our mainstay jewelry business, demand for bridal jewelry and gifts dropped significantly due to restrictions on movement and activity. In such an environment, YONDOSHI HOLDINGS undertook a major revision of its flagship Ginza Main Store, conducted an “experience-style” event with the Nameless Jewelry Shop, and fully renewed its e-commerce site. These initiatives confirmed the value that YONDOSHI provides in terms of fashionability and experience value, which will support future growth.
　In the 7th Medium-Term Management Plan, we will significantly revise our product and sales promotion strategies to further increase support from women. We will also pursue measures to restructure fashion jewelry, expand department store and e-commerce channels, deepen new customer development, and implement OMO (Online-Merge-Offline) marketing strategies. Reaffirming that the “4°C” brand is the corporate group’s greatest asset, and in anticipation of expansion into new business domains, the Jewelry Business segment has been renamed the “Brand Business.” We will further promote the creation of value provided over the next 50 years to achieve our vision of a “100-Year Brand,” supporting a growth phase from the 8th Medium-Term Management Plan.

　YONDOSHI HOLDINGS Group has set a 2030 Vision for earnings growth through the promotion of business strategies, and improving returns on capital through capital policies. With the aim of achieving ROE of 8% or higher by the final year of the 2030 Vision, we are making proactive investments for growth, and working to improve the return on capital. Our growth strategy aims to achieve dramatic earnings growth centered on the Brand Business. In addition, to improve capital efficiency, we will work to enhance the total return ratio through dividends and share buybacks.
　Thank you for your continued support and understanding of YONDOSHI HOLDINGS Group.

Hidetoshi Masuda, President and Representative Director