但し
ただし · tadashi · JLPT N2 · conjunction
provided that
但し = 但 (only, merely) + し; 'tada-shi' means 'only, but'
但 means 'only' or 'merely', so 但し adds a catch: 'however' or 'provided that'. It introduces an exception or condition right after a statement.
但 — person radical 亻 + dawn 旦
A semantic-phonetic compound: 亻 (person) gives the meaning side and 旦 (dawn) supplies the sound. Originally it depicted a person baring the shoulder, an old sense preserved in 袒. Over time 但 was borrowed to write the function word meaning 'only' and later 'but'.