Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Our report is an authoritative Owner’s Manual on the company.
- A vital piece in the investor’s toolbox, our report allows you to uncover the essence of the business
- We pinpoint strengths and weaknesses; discuss strategy
- Our aim is to make deep knowledge about the company readily available, saving investors time and enabling dialogue

We offer our research as a service for Japanese corporates.
- Our in-depth reports allow them to better inform investors by presenting an unbiased third-party view of business fundamentals
- Our reports do not offer investment opinions and are free for all investors

We start our coverage with a substantial core report.
- We continuously update this report to reflect earnings, news flow, and any material developments
- We thoroughly interview management on a quarterly basis

Research Coverage of Japanese Listed Companies

Onward’s Radical Transformation from Stolid to Trend Leader

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 18.4% YoY to JPY112.6bn, driven by Domestic Business growth, strategic brands, and expanded product lineup.</li><li>Operating profit rose 9.2% YoY to JPY5.7bn, with improved gross profit margin and increased SG&A ratio due to investments.</li><li>Overseas Business sales declined 11.8% YoY, with operating loss stable; growth strategy targets JPY15.0bn sales in US by FY2030.</li></ul>

Sales increased 18.4% YoY to JPY112.6bn, driven by Domestic Business growth, strategic brands, and expanded product lineup.Operating profit rose 9.2% YoY to JPY5.7bn, with improved gross profit margin and increased SG&A ratio due to investments.Overseas Business sales declined 11.8% YoY, with operating loss stable; growth strategy targets JPY15.0bn sales in US by FY2030.

Onward Holdings (8016 JP): 1H FY02/26 flash update