Overview
Retail Trade

YONDOSHI HOLDINGS INC.

4°C Holdings is a Japanese holding company operating across four core segments: a Brand Business centered on the '4°C' and 'Canal 4°C' jewelry brands (design, manufacturing, and retail); a luxury pre-owned watch resale business through subsidiary Rashin Co., Ltd.; an apparel ODM/OEM manufacturing business leveraging overseas production in China, Bangladesh, and Vietnam; and a daily fashion retail chain ('Palette') operated primarily in western Japan. The group operates an integrated brand business model spanning product planning, manufacturing, and direct-to-consumer sales.

Market Cap
¥43.6B
US$278M
EV
¥33.9B
US$216M
Stock¥2,029▲+1.25%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.4
x
LTM EV/EBIT
7.7
x
LTM PER
17.0
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-5.4%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 13, 26Q2 FY2027/02 earnings announced
MC → EV Bridge
43.6BUS$278MMarket Cap14.8BUS$94.6M+ Debt1.58BUS$10.1M− Cash22.9BUS$146M− Inv. Sec.33.9BUS$216MEV
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Performance & Balance
Revenue 5Y (¥B)
38.1US$243M'22/239.5US$252M'23/239.5US$252M'24/245.9US$293M'25/270.0US$446M'26/2
EBITDA 5Y (¥B)
2.55US$16.3M'22/22.75US$17.5M'23/22.79US$17.8M'24/22.70US$17.2M'25/23.75US$23.9M'26/2
Net Income 5Y (¥B)
1.49US$9.50M'22/21.15US$7.33M'23/21.30US$8.29M'24/21.38US$8.78M'25/21.79US$11.4M'26/2
Capital Structure
74%
26%
EquityD/E 0.35xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
26.9US$172M0.06US$0.37M'22/221.2US$135M0.04US$0.25M'23/222.1US$141M0.02US$0.15M'24/223.2US$148M14.9US$95.1M'25/223.9US$153M12.9US$82.4M'26/2
Shareholders
Top 10 hold 32.9%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.01%
2
The Hiroshima Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
4.94%
3
4°C Holdings Group Kyoeikai
4.02%
4
The Iyo Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
3.41%
5
Toshiko OTA
2.93%
6
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
2.22%
7
SMBC Nikko Securities Inc.
1.95%
8
Tsuguo OYAMA
1.85%
9
Custody Bank of Japan, Ltd. (Trust Account)
1.77%
10
The Dai-ichi Life Insurance Company, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)
1.75%
Management
8 officers
Hideki MASUDA
Representative Director, President
May 2003 Joined Aje Co., Ltd. Managing Director, Aje Co., Ltd. Mar 2015 Director, Managing Executive Officer, Aje Co., Ltd. Mar 2017 Executive Officer in charge of Aje Co., Ltd., the Company Mar 2017 Representative Director, President, Aje Co., Ltd. Mar 2021 Managing Executive Officer, General Manager of President's Office, the Company Mar 2021 Representative Director, Chairman, Aje Co., Ltd. (current) May 2021 Representative Director, President and COO, the Company May 2021 Representative Director, Chairman, FDC Friends Co., Ltd. Mar 2022 Representative Director, President, the Company (current) Mar 2022 Representative Director, Chairman, FDC Products Co., Ltd.
1963-09-27
Ichiro OKAFUJI
Representative Director, Senior Managing Director
Apr 1987 Joined the Company Mar 2008 Representative Director, President, Yoshitake Co., Ltd. (now Ascot Co., Ltd.) May 2011 Representative Director, President, Misuzu Co., Ltd. Mar 2015 Executive Officer in charge of Misuzu, the Company Mar 2016 Representative Director, President, ASTI Co., Ltd. Mar 2018 Director, Managing Executive Officer, FDC Products Co., Ltd. May 2018 Director, Executive Officer, General Manager in charge of FDC Products, the Company Mar 2019 Director, Managing Executive Officer in charge of FDC Products 1st Business Division, the Company Mar 2019 Representative Director, Chairman, FDC Friends Co., Ltd. Mar 2020 Director, Managing Executive Officer in charge of Administration, the Company Mar 2022 Representative Director, Senior Managing Director, Senior Managing Executive Officer in charge of Administration, the Company Mar 2022 Senior Managing Director, Senior Managing Executive Officer in charge of Administration and Sales Promotion, FDC Products Co., Ltd. Mar 2023 Senior Managing Director, Senior Managing Executive Officer, FDC Products Co., Ltd. Mar 2024 Representative Director, Senior Managing Director, the Company (current) Mar 2024 Representative Director, President, FDC Products Co., Ltd. (current) Mar 2026 Representative Director, President, FDC Friends Co., Ltd. (current)
1964-09-12
Masahiko NISHIMURA
Managing Director, Managing Executive Officer in charge of Finance
Apr 1985 Joined the Company Mar 2005 General Manager, Finance Department, the Company May 2008 Director, the Company Mar 2015 Director, Executive Officer in charge of Finance, the Company Mar 2015 Director, Executive Officer, FDC Products Co., Ltd. May 2022 Managing Director, Managing Executive Officer in charge of Finance, the Company May 2022 Managing Director, Managing Executive Officer in charge of Finance, FDC Products Co., Ltd. Mar 2024 Managing Director, Managing Executive Officer in charge of Administration, the Company Dec 2024 Managing Director, Managing Executive Officer in charge of Administration, Rashin Co., Ltd. (current) Mar 2025 Managing Director, Managing Executive Officer in charge of Finance, the Company (current)
1962-05-11
Hiroshi ARAI
Director, Executive Officer in charge of ASTI
Apr 1993 Joined the Company Mar 2008 General Manager, Division 1, ASTI Apparel Co., Ltd. Mar 2015 Executive Officer, General Manager, 1st Business Division, ASTI Apparel Co., Ltd. Mar 2018 Executive Officer, General Manager, Production Planning Division 2, ASTI Apparel Co., Ltd. Mar 2019 Director, Executive Officer, General Manager, Production Planning Division 2, ASTI Apparel Co., Ltd. Mar 2020 Director, Executive Officer, General Manager, Apparel Manufacturer Business Division, ASTI Apparel Co., Ltd. Mar 2020 Representative Director, President, Ascot Co., Ltd. Mar 2023 Representative Director, President, ASTI Co., Ltd. (current) Mar 2023 Executive Officer in charge of ASTI, the Company May 2024 Director, Executive Officer in charge of ASTI, the Company (current)
1970-12-21
Naoki KODAMA
Director
Apr 1978 Joined Nihon IBM K.K. Apr 2002 Senior Managing Director, JBCC Co., Ltd. Aug 2007 Managing Director, Nitori Co., Ltd. Oct 2012 Managing Director, Cainz Corporation Jun 2017 Representative, M&S Consulting (current) Jun 2021 Outside Director, Soft Create Holdings Corp. May 2022 Outside Director, Audit and Supervisory Committee Member, the Company May 2024 Director, the Company (current)
1956-02-05
Masahiro TAKASHITA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1985 Joined Mitsui Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Apr 2009 General Manager, Corporate Business Planning Division, SMBC Friend Securities Co., Ltd. (now SMBC Nikko Securities Inc.) May 2012 General Manager, Corporate Business Division, Tokyo, SMBC Friend Securities Co., Ltd. Feb 2018 Joined the Company Mar 2018 Executive Officer, General Manager, Management Planning Office, the Company Mar 2019 Executive Officer in charge of Administration, the Company Mar 2021 Executive Officer, General Manager, Internal Audit Office, the Company May 2021 Director (Audit and Supervisory Committee Member), the Company (current) May 2021 Statutory Auditor, FDC Products Co., Ltd. (current) Dec 2024 Statutory Auditor, Rashin Co., Ltd. (current)
1962-08-06
Hiroshi KAWAZOE
Director (Audit and Supervisory Committee Member)
Apr 1978 Joined Tokyo Regional Taxation Bureau Jul 2017 Deputy Director, First Taxation Department, Tokyo Regional Taxation Bureau Jul 2018 Director, Kojimachi Tax Office Aug 2019 Registered as Certified Tax Accountant Aug 2019 Certified Tax Accountant, Hiroshi Kawazoe Tax Accounting Office (current) Nov 2022 Outside Statutory Auditor, Kanki Shuppan Co., Ltd. (current) May 2024 Director (Audit and Supervisory Committee Member), the Company (current)
1959-03-17
Hanae SOUMIYA
Director (Audit and Supervisory Committee Member)
Dec 2008 Registered as Attorney-at-law Dec 2008 Attorney, Ushijima & Partners Apr 2011 Seconded to Consumer Affairs Agency, Planning Division and Consumer Systems Division May 2015 Visiting Researcher, Georgetown University Law Center and University of Washington School of Law Sep 2015 Seconded to Legal Affairs Division, Policy Board, Bank of Japan May 2017 Secretariat, Promotion Headquarters for Specified Integrated Resort Development Areas, Cabinet Secretariat Mar 2019 Attorney-at-law, Nozomi Sogo Law Office (current) Jun 2020 Outside Director, Ten Allied Co., Ltd. (current) Jun 2022 Outside Statutory Auditor, Ekitan Co., Ltd. (current) Mar 2026 Outside Statutory Auditor, Sirius Vision Co., Ltd. (current)
1982-02-26
Large Shareholding Reports
The Dai-ichi Life Insurance Company, Limited
2025-08-21
5.16%→3.89%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-09
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-09
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-10
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-27
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-09
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-10
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINET
2025-08-21
Large Shareholding Report
EDINET
2025-07-10
Securities Registration Statement
TDnet
2025-07-10
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-30
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-10
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-15
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-07-11
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-31
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-10
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-10
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-07
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-26
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-12
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINETAmended
2022-09-09
Amended Annual Securities Report
EDINET
2022-07-14
Quarterly Securities Report
EDINET
2022-05-27
Annual Securities Report
EDINET
2022-01-11
Quarterly Securities Report
EDINET
2021-10-11
Quarterly Securities Report
EDINET
2021-07-08
Quarterly Securities Report
EDINET
2021-05-28
Annual Securities Report
EDINET
2021-01-13
Quarterly Securities Report
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