Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>Sales increased 17.1% YoY to JPY60.2bn, driven by Domestic Business growth and strategic brand strengthening.</li><li>Operating profit rose 5.5% YoY to JPY5.4bn, with improved profitability and higher gross profit margin despite increased SG&A expenses.</li><li>Overseas Business sales fell 14.0% YoY to JPY3.5bn, but operating loss narrowed due to improved profitability in Asia and the US.</li></ul>

Sales increased 17.1% YoY to JPY60.2bn, driven by Domestic Business growth and strategic brand strengthening.Operating profit rose 5.5% YoY to JPY5.4bn, with improved profitability and higher gross profit margin despite increased SG&A expenses.Overseas Business sales fell 14.0% YoY to JPY3.5bn, but operating loss narrowed due to improved profitability in Asia and the US.

Onward Holdings (8016 JP): Q1 FY02/26 flash update

<ul><li>Onward's FY02/25 sales reached JPY208.4bn (+9.9% YoY), with a net income of JPY8.5bn (+28.8% YoY).</li><li>FY02/26 projections include sales of JPY230bn (+10.4% YoY) and operating profit growth of 13.3% YoY to JPY11.5bn.</li><li>The company plans to introduce an interim dividend system, targeting a total annual dividend of JPY30 per share.</li></ul>

Onward's FY02/25 sales reached JPY208.4bn (+9.9% YoY), with a net income of JPY8.5bn (+28.8% YoY).FY02/26 projections include sales of JPY230bn (+10.4% YoY) and operating profit growth of 13.3% YoY to JPY11.5bn.The company plans to introduce an interim dividend system, targeting a total annual dividend of JPY30 per share.

Onward Holdings (8016 JP): Full-year FY02/25 flash update

<ul><li>Onward Holdings' sales increased by 6.1% YoY to JPY149.9bn, while operating profit decreased by 11.8% YoY to JPY8.6bn. </li><li>Domestic Business sales rose by 6.5% YoY to JPY136.8bn, but operating profit fell by 14.9% YoY. </li><li>Overseas Business sales increased by 1.3% YoY to JPY13.1bn, with a significant narrowing of operating loss.</li></ul>

Onward Holdings' sales increased by 6.1% YoY to JPY149.9bn, while operating profit decreased by 11.8% YoY to JPY8.6bn. Domestic Business sales rose by 6.5% YoY to JPY136.8bn, but operating profit fell by 14.9% YoY. Overseas Business sales increased by 1.3% YoY to JPY13.1bn, with a significant narrowing of operating loss.

Onward Holdings (8016 JP): Q3 FY02/24 flash update

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

<ul>
<li>TSI Holdings long managed to get away with half-hearted reforms because it was so rich.</li>
<li>Operating losses in 1H2024 and falls in sales at key brands have spurred the company to finally take real action, the last of the big apparel firms to do so.</li>
<li>The good news is that the business is so bulging with inefficiencies that it won't take much to boost income.</li>
</ul>


TSI Holdings long managed to get away with half-hearted reforms because it was so rich.
Operating losses in 1H2024 and falls in sales at key brands have spurred the company to finally take real action, the last of the big apparel firms to do so.
The good news is that the business is so bulging with inefficiencies that it won't take much to boost income.


TSI to Cull Brands and 20% of Staff and Deliver Real Profits – Finally

<ul>
<li>Most of Onward’s current customers are in their 40s and older but the purchase of casual clothing retailer, Wego, increases its exposure to people in their teens and 20s. </li>
<li>It will accelerate development of new omnichannel brands to match as part of plans to grow sales by 50% in the next six years and more than double operating profits.</li>
<li>Onward itself has been transformed by a switch to omnichannel and after years of slashing stores and sales now looks set to become a growth business again.</li>
</ul>


Most of Onward’s current customers are in their 40s and older but the purchase of casual clothing retailer, Wego, increases its exposure to people in their teens and 20s. 
It will accelerate development of new omnichannel brands to match as part of plans to grow sales by 50% in the next six years and more than double operating profits.
Onward itself has been transformed by a switch to omnichannel and after years of slashing stores and sales now looks set to become a growth business again.


Japan

ONWARD HOLDINGS CO., LTD. manufactures men's ready-made suits, women's, and children's wear.  The Company has its own brands, Onward and KUMIKYOKU. Onward also manufactures sports goods, books, stationery, cosmetics, art decoration.

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Onward Holdings (8016 JP)