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>Onward's FY02/25 forecast: sales JPY210.0bn (+10.7% YoY), operating profit JPY12.5bn (+11.0% YoY), net income JPY8.3bn (+24.8% YoY).</li><li>Q2 FY02/25 sales JPY43.7bn (+8.0% YoY), operating profit JPY181mn, first Q2 profit in 17 years.</li><li>Onward made Wego Co., Ltd. a consolidated subsidiary in Q3 FY02/25, revising full-year sales forecast upward.</li></ul>

Onward's FY02/25 forecast: sales JPY210.0bn (+10.7% YoY), operating profit JPY12.5bn (+11.0% YoY), net income JPY8.3bn (+24.8% YoY).Q2 FY02/25 sales JPY43.7bn (+8.0% YoY), operating profit JPY181mn, first Q2 profit in 17 years.Onward made Wego Co., Ltd. a consolidated subsidiary in Q3 FY02/25, revising full-year sales forecast upward.

Onward Holdings (8016 JP): 1H FY02/25 flash update

<ul><li>Sales rose JPY1.5bn YoY (+2.9% YoY) to JPY51.4bn, driven by higher sales in domestic and overseas apparel businesses.</li><li>Operating profit decreased JPY306mn YoY (-5.7% YoY) to JPY5.1bn due to a decline in domestic profit and wider overseas losses.</li><li>Full-year forecasts revised for recurring profit and net income attributable to owners of the parent, reflecting better-than-expected affiliate performance.</li></ul>

Sales rose JPY1.5bn YoY (+2.9% YoY) to JPY51.4bn, driven by higher sales in domestic and overseas apparel businesses.Operating profit decreased JPY306mn YoY (-5.7% YoY) to JPY5.1bn due to a decline in domestic profit and wider overseas losses.Full-year forecasts revised for recurring profit and net income attributable to owners of the parent, reflecting better-than-expected affiliate performance.

Onward Holdings (8016 JP): Q1 FY02/25 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>Until recently, Onward Holdings looked set for a gradual decline into insignificance like its main channel of regional department stores. </li>
<li>But Onward has instead become an exemplar of how to make omnichannel retailing work, with growing sales across both online and a burgeoning new store network.</li>
<li>Like some other old apparel firms, Onward is showing that there is significant upside top and bottom line growth in premium apparel markets.</li>
</ul>


Until recently, Onward Holdings looked set for a gradual decline into insignificance like its main channel of regional department stores. 
But Onward has instead become an exemplar of how to make omnichannel retailing work, with growing sales across both online and a burgeoning new store network.
Like some other old apparel firms, Onward is showing that there is significant upside top and bottom line growth in premium apparel markets.


<ul>
<li>Some of Japan’s big apparel firms are making a comeback, and only some of the recent growth is coming from department stores.</li>
<li>Most of the revival is thanks to direct sales through e-commerce and stores, and the increasingly seamless links between them.</li>
<li>Onward Holdings is one of the leaders in this renaissance and is delivering the same profits as it used to with 30% higher sales.</li>
</ul>


Some of Japan’s big apparel firms are making a comeback, and only some of the recent growth is coming from department stores.
Most of the revival is thanks to direct sales through e-commerce and stores, and the increasingly seamless links between them.
Onward Holdings is one of the leaders in this renaissance and is delivering the same profits as it used to with 30% higher sales.


Onward on the March: More Profit from Japanese Apparel Firms

<ul>
<li>FY2022 was the best year in a decade for Japan’s big apparel firms. Brands benefitted from the return to shops, particularly department stores.</li>
<li>Some of the leaders used the pandemic to make further progress in rationalisation, diversification and omnichannel, creating solid foundations for further growth in market share.</li>
<li>Sanyo Shokai finally made a profit but has stuck to what it knows, which may lead to problems once the rebound dividend wanes.</li>
</ul>


FY2022 was the best year in a decade for Japan’s big apparel firms. Brands benefitted from the return to shops, particularly department stores.
Some of the leaders used the pandemic to make further progress in rationalisation, diversification and omnichannel, creating solid foundations for further growth in market share.
Sanyo Shokai finally made a profit but has stuck to what it knows, which may lead to problems once the rebound dividend wanes.


Big Apparel Revival: Onward up Again, Sanyo Finally Makes a Profit

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)