Consolidated net sales for the third quarter cumulative period of FY2/24 (March 1, 2023, to November 30, 2023) amounted to ¥28,697 million (up 1.0% from the corresponding period of the previous fiscal year), with operating income of ¥1,337 million (up 28.0%), ordinary income of ¥1,663 million (up 25.2%), and profit attributable to owners of parent of ¥921 million (up 24.5%).
  The business environment for YONDOSHI HOLDINGS Group showed signs of a modest recovery with the easing of pandemic-related restrictions. Nevertheless, the outlook for the future remains uncertain, with concerns about the impact on the domestic economy from prolonged inflation, domestic and international monetary policy, and exchange rate fluctuations.
  By business segment, The F.D.C. Products Group, which handles the Jewelry Business, continued to make steady progress with business restructuring. Although revenue declined due to the consolidation of bridal jewelry specialty stores, the profit margin improved. For fashion jewelry, sales at existing stores rose from the previous fiscal year on efforts to broaden the base of female customers, expansion in e-commerce, and new customer development. The e-commerce channel especially continued to perform strongly, registering double-digit growth.
  Retailer age Co., Ltd., operator of the everyday fashion brand PALETTE, recorded a year-on-year increase in sales at existing stores, which along with a boost from opening new stores, resulting in gains for both revenue and earnings. Apparel manufacturing and wholesaler The AS’TY Group expanded measures with major business partners against the backdrop of the overseas production bases that are its strength, with growth in both revenue and earnings.

　YONDOSHI HOLDINGS Group, in response to changes in the business environment, will fully leverage its strengths to provide products and services that exceed customer expectations, with the aim of further growth. To build a highly trusted corporate group, we are practicing sustainable management, and working to enhance enterprise value by strengthening internal controls, providing shareholder returns, and making medium- to long-term investments linked to earnings growth.
　Through the steady implementation of these measures, for the fiscal year ending February 2024, YONDOSHI HOLDINGS Group is forecasting net sales of ¥40.0 billion, with operating income of ¥2.1 billion, ordinary income of ¥2.5 billion, and profit attributable to owners of parent of ¥1.3 billion, for a second consecutive year of revenue and earnings gains.

　YONDOSHI HOLDINGS Group recognizes that returning profits to shareholders is an important management issue, and has established a policy of enhancing the level of shareholder returns through stable and continuous dividends and flexible share buybacks. We have set a target dividend on equity (DOE) ratio of 4% or higher as a key metric for gauging shareholder returns, and aim to reach a dividend of 100 yen per share in the future. Based on this policy, for the fiscal year ending February 2024, the Company plans to pay an annual dividend of 83 yen per share, comprising interim and year-end dividend payments of 41.50 yen per share.
　Thank you for your continued support and understanding of YONDOSHI HOLDINGS Group.

Hidetoshi Masuda, President and Representative Director