Yondoshi : Investors’ Presentation Results for the Fiscal 2022

YONDOSHI HOLDINGS INC.

Prime Market, Tokyo Stock Exchange (8008)

Investors' Presentation

Results for the Fiscal 2022

(The Fiscal Year Ended February 28, 2023)

April 14, 2023

Contents

1. Consolidated Business Results for Fiscal 2022, the Fiscal Year Ended February 28, 2023

1. Responding to Changes in the Environment
   ～ Improving Profits and Strengthening Competitiveness

III.Consolidated Business Results Forecasts for Fiscal 2023, the Fiscal Year Ending February 29, 2024

IV. Promoting Sustainability Management

Hidetoshi Masuda. President and Representative Director

YONDOSHI HOLDINGS INC.

Note: Amounts identified in this report are presented in millions of yen rounded down. Percentage figures are calculated from raw data.

Disclaimer: Operating forecasts and forward-looking statements that are not of historic fact are based on information available to management as of the date of this report. Subject to a variety of risks and uncertainties, these forecasts and forward-looking statements may differ substantially from actual results due to a diversity of factors including changes in the Company's operating environment, market trends and fluctuations in foreign currency exchange rates. As a result, readers are advised not to rely solely on the information provided as the basis for investment decisions.

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Contents

1. Consolidated Business Results for Fiscal 2022, the Fiscal Year Ended February 28, 2023

1. Responding to Changes in the Environment
   ～ Improving Profits and Strengthening Competitiveness

1. Consolidated Business Results Forecasts for Fiscal 2023, the Fiscal Year Ending February 29, 2024

IV. Promoting Sustainability Management

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Consolidated Operating Results for Fiscal 2022

• Increases in revenue and earnings at the operating income and ordinary income levels

Net sales ¥39,500 million (Up 3.6% YoY) Operating income ¥1,970 million (Up 10.7% YoY) Ordinary income ¥2,340 million (Up 2.1% YoY) Net income ¥1,140 million (Down 22.9% YoY)

Net sales

39,508

38,123

+3.6%

FY2021 FY2022

Actual Actual

Results Results

Operating income

Ordinary income

Net income

(Millions of yen)

	1,979	2,293	2,342
1,788			1,490
					1,149
+10.7%	+2.1%	－22.9%
FY2021	FY2022	FY2021	FY2022	FY2021	FY2022
Actual	Actual	Actual	Actual	Actual	Actual
Results	Results	Results	Results	Results	Results

Note: YONDOSHI HOLDINGS applied the "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan Statement No. 29, March 31, 2020) from the beginning of the first quarter of the fiscal year ended February 28, 2023. Figures for the third quarter of the fiscal year under review are after application of this accounting standard.

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Consolidated Operating Results for Fiscal 2022

• Results in line with revised figures announced on January 6, 2023

			FY2021 (2022/2)		FY2022 (2023/2)				YoY	vs. Jan. 6
							Revised
													Forecasts
												Increase	Increase
			Actual	(%)	Jan. 6 Revised		(%)		Actual
	(Millions of yen, %)				(Decrease)	(Decrease)
	Results	Forecasts			Results
								(%)	(%)
	Net sales	38,123	100.0	40,000	100.0	39,508	100.0	+3.6	－1.2
	Gross profit	19,672	51.6	19,800	49.5	19,727	49.9	+0.3	－0.4
	Gross profit margin
	51.6		49.5			49.9				－1.7	+0.4
	Selling, general and	17,884	46.9	17,800	44.5		17,748		44.9		－0.8	－0.3
	administrative expenses
		Amortization of goodwill	496	1.3	496	1.2	496	1.3	±0	±0
	Operating income	1,788	4.7	2,000	5.0		1,979		5.0		+10.7	－1.0
	Ordinary income	2,293	6.0	2,350	5.9	2,342	5.9	+2.1	－0.3
	Net income	1,490	3.9	1,100	2.8		1,149		2.9		－22.9	+4.5
	Operating income before the	2,284	6.0	2,496	6.2		2,476		6.3		+8.4	－0.8
	amortization of goodwill
	Operating income before the	1,987	5.2	1,596	4.0	1,645	4.2		－17.2	+3.1
	amortization of goodwill

Gross profit and SG&A expenses declined 1.7 percentage points and 0.8 of a percentage point, respectively, YoY due to the upswing in Apparel Business sales as a ratio of total net sales and a change in the accounting standard for revenue recognition.

Firm trends in both the Jewelry and Apparel businesses, increase in earnings

Incidence of an impairment loss on bridal specialty stores of ¥542 million, decrease in earnings

• Operating income before the amortization of goodwill = operating income + goodwill amortization; net income before the amortization of goodwill = profit attributable to owners of parent + goodwill amortization

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