Komori
Earnings presentation8016ONWARD HOLDINGS CO.,LTD.Materials and Chemicals

Results Briefing Materials for the First Half of the Fiscal Year Ending February 2027 (Fiscal 2026)

Revenue and profit increased in the first half of FY2026, while the full-year earnings forecast was left unchanged. However, the annual dividend forecast was raised from ¥33 to ¥36 per share due to the commemorative dividend marking the company's 100th anniversary.

Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
36
Yen / annual dividend per share
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFirst half of the fiscal year ending February 2027 (first half of FY2026)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥117,525 million+4.3%
Operating profit¥6,139 million+7.0%
Ordinary income¥5,936 million+7.5%
Net income¥5,625 million+16.6%
Gross Profit Margin54.5
Operating profit margin5.2
Selling, general and administrative expenses¥57,867 million
Results for the three months of the current quarter
Net Sales
¥541 million+3.0%
Operating profit
¥5 million+28.5%
Net income
¥6 million+5.6%
EBITDA
¥19 million+11.5%
Full-year earnings forecast
Net Sales
¥247,000 million
Operating profit
¥12,800 million
Ordinary income
¥12,300 million
Net income
¥11,200 million
EBITDA
¥18,800 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half results progressed broadly in line with plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Higher raw material and other costs, and inventory optimization
    ImpactGross profit margin down 1.0 percentage point
  • More efficient store operations and sales promotions
    ImpactSG&A expense ratio improved by 1.2 percentage points
  • Personnel expenses
    Change in amount212
  • Freight and transportation expenses
    Change in amount270
  • Advertising expenses
    Change in amount265
  • Increase in extraordinary income and expenses
    Change in amount189
New initiatives
  • Rollout of KASHIYAMA Premium
  • Strengthening KASHIYAMA's order-shirt production system and rolling out ready-to-wear products for business use
  • Relocation and renovation of the J.PRESS New York flagship store
  • Considering new J.PRESS stores in major cities
  • Broadcast of Shirotan short anime series on terrestrial television and video streaming
  • Opening of a Shirotan Fluffy Store at LUCUA Osaka
  • Payment of a commemorative dividend marking the company's 100th anniversary
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA¥8,961 million+6.6%
  • Own EC ratio78.9 %
    yoy_change_points0.1
  • Onward Closet Select store count208 Location
  • Number of stores offering Click & Try435 Location
    yoy_change7
  • Click & Try adoption rate75.5 %
    yoy_change_points8.9
  • Shirotan licensing business revenue
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • KASHIYAMA Premium average customer spendApproximately 3x KASHIYAMA
  • Number of Click & Try customers with reservations67,792 People-1.2%
  • Number of items reserved through Click & Try142,510 items+0.4%
  • Number of Click & Try customers making purchases28,741 People+0.2%
  • Number of items sold through Click & Try66,200 items+1.6%
Segment results
  • Fashion segment total
    Net Sales91,831
    Profit4,068
    Year-on-year change in revenue3.2
    Year-on-year change in profit13
  • Wellness segment total
    Net Sales24,029
    Profit2,127
    Year-on-year change in revenue12.3
    Year-on-year change in profit3.6
  • Corporate Design segment total
    Net Sales9,492
    Profit954
    Year-on-year change in revenue5.4
    Year-on-year change in profit5.1
Capital expenditures
¥2,467 million
Annual Dividend
36 Yen/share
Interim16
End of period20
Period-end breakdown
Regular dividend17
Commemorative dividend3
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFirst half of the fiscal year ending February 2027 (first half of FY2026)
Net Sales¥117,525 million (YoY +4.3%)
Operating profit¥6,139 million (YoY +7.0%)
Ordinary income¥5,936 million (YoY +7.5%)
Net income¥5,625 million (YoY +16.6%)
Gross Profit Margin54.5
Operating profit margin5.2
Selling, general and administrative expenses¥57,867 million
Results for the three months of the current quarterNet Sales ¥541 million (YoY +3.0%) / Operating profit ¥5 million (YoY +28.5%) / Net income ¥6 million (YoY +5.6%) / EBITDA ¥19 million (YoY +11.5%)
Full-year earnings forecastNet Sales ¥247,000 million / Operating profit ¥12,800 million / Ordinary income ¥12,300 million / Net income ¥11,200 million / EBITDA ¥18,800 million
Self-assessment against the planFirst-half results progressed broadly in line with plan
Segment resultsSegment Fashion segment total / Net Sales ¥91,831 million / Profit ¥4,068 million / Year-on-year change in revenue ¥3.2 million / Year-on-year change in profit ¥13 million, Segment Wellness segment total / Net Sales ¥24,029 million / Profit ¥2,127 million / Year-on-year change in revenue ¥12.3 million / Year-on-year change in profit ¥3.6 million, Segment Corporate Design segment total / Net Sales ¥9,492 million / Profit ¥954 million / Year-on-year change in revenue ¥5.4 million / Year-on-year change in profit ¥5.1 million
Breakdown of Factors Affecting the ChangeFactors Higher raw material and other costs, and inventory optimization / Impact Gross profit margin down 1.0 percentage point, Factors More efficient store operations and sales promotions / Impact SG&A expense ratio improved by 1.2 percentage points, Factors Personnel expenses / Change in amount ¥212 million, Factors Freight and transportation expenses / Change in amount ¥270 million, Factors Advertising expenses / Change in amount ¥265 million, Factors Increase in extraordinary income and expenses / Change in amount ¥189 million
Key KPIs¥8,961 million (YoY +6.6%), 78.9 %, 208 Location, 435 Location, 75.5 %, Indicator Shirotan licensing business revenue / value Not disclosed
Unit price and quantity metricsApproximately 3x KASHIYAMA, 67,792 People (YoY -1.2%), 142,510 items (YoY +0.4%), 28,741 People (YoY +0.2%), 66,200 items (YoY +1.6%)
Annual Dividend36 Yen/share
Capital expenditures¥2,467 million
New initiativesRollout of KASHIYAMA Premium, Strengthening KASHIYAMA's order-shirt production system and rolling out ready-to-wear products for business use, Relocation and renovation of the J.PRESS New York flagship store, Considering new J.PRESS stores in major cities, Broadcast of Shirotan short anime series on terrestrial television and video streaming, Opening of a Shirotan Fluffy Store at LUCUA Osaka, Payment of a commemorative dividend marking the company's 100th anniversary
Items this document does not state (12)
Progress against full-year forecastNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

As first-half results progressed broadly in line with plan, the full-year earnings forecast was left unchanged. Operating profit benefited from an improved SG&A expense ratio through more efficient store operations and sales promotions, while the gross profit margin declined due to higher raw material and other costs and inventory optimization. The company will pay a ¥3 commemorative dividend at the fiscal year-end to express its appreciation to shareholders on the occasion of its 100th anniversary in 2027.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Results Briefing Materials for the First Half of the Fiscal Year Ending February 2027 (Fiscal 2026) | ONWARD HOLDINGS CO.,LTD. (8016) timely disclosure | Komori