ONWARD HOLDINGS CO.,LTD.

During the current interim consolidated fiscal period, the Group operated primarily in Japan and overseas. It pursued the creation of new businesses and the strengthening and expansion of its business platform through M&A and other means, while promotional initiatives centered on strategically enhanced brands contributed to higher sales. Meanwhile, gross profit margin declined as a result of higher raw material and other costs and sales initiatives to optimize inventory levels. However, disciplined store operations and sales promotion lowered the SG&A ratio, resulting in higher profit at every stage. Consolidated net sales were ¥236,804 million, operating profit was ¥11,176 million, ordinary profit was ¥11,176 million, interim net profit attributable to owners of the parent was ¥10,094 million, and interim comprehensive income was ¥14,631 million. EBITDA was ¥8,961 million, up 6.6% year on year. The domestic business delivered higher sales and profit, while the overseas business posted higher sales but a wider loss. By region, the JOSEPH business in Europe saw e-commerce sales grow, but its loss widened because retail and wholesale remained sluggish. The J.PRESS business in the United States returned to profitability as both store and e-commerce sales increased. In Asia, higher capacity utilization at the Dalian factory resulted in higher sales and profit. On 2 March 2026, the Group acquired 株式会社コスメ・デ・ボーテ and made it a consolidated subsidiary.