Stable Earnings Growth Under the Medium-Term Management Plan

「The Group's sales increased as promotional initiatives focused on brands earmarked for strategic enhancement proved effective. Gross profit margin declined due to higher raw material and other costs and sales initiatives aimed at optimizing inventory levels, but the SG&A ratio fell as the Group thoroughly improved the efficiency of store operations and promotional activities, resulting in higher profits at every level.」

「Against this operating backdrop, the Group strengthened product lineups and marketing, mainly for its strategically strengthened brands, contributing to higher sales. Thorough inventory management and improved efficiency in SG&A expenses, including advertising expenses, were effective, resulting in higher earnings at every level.」

「Against this backdrop, the Group strengthened product lineups and marketing, centered on brands targeted for strategic enhancement, and steadily advanced new store openings. As a result, performance remained solid during the current interim consolidated accounting period.」

「The Group aims to achieve the medium- to long-term management vision ONWARD VISION 2030 by continuing to move forward as a lifestyle-culture creation company that contributes to creating a life of enrichment and color in harmony with the planet through customer-centric management that makes use of the diverse individuality of its employees. In the fashion area, it will promote diverse brand, product, and distribution strategies, accelerate growth in the wellness area in line with consumers’ changing values, and create a corporate design area that reflects the times. It will also evolve its businesses by expanding OMO (Online Merges with Offline) stores and using advanced DX technologies such as PLM (Product Lifecycle Management).」

「As part of its global business restructuring, the company is concentrating management resources on its own-brand businesses and promoting its businesses through both the apparel and lifestyle segments to achieve the medium- to long-term management vision ONWARD VISION 2030, formulated in April 2021.」

「Sales expanded, centered on ONWARD KASHIYAMA CO., LTD., the core operating company, because sales at stores that introduced OMO (Online Merges with Offline) services performed particularly well and the core brand business recovered on customer-focused product initiatives, including made-to-order products. The company also continued to restrain discount sales and rigorously manage inventory on a centralized basis. The results of global business restructuring pursued since fiscal 2019 became evident, improving the gross profit margin and the selling, general and administrative expense ratio, and bringing operating income, ordinary income, and net income attributable to owners of the parent into positive territory.」

「The challenges to be addressed by the Group are to respond to changes in the operating environment, provide valuable products and services to consumers, promote global business structural reform, further select and concentrate its businesses, expand earnings, and enhance growth potential.」

「The Group aims to evolve toward customer-centric management that draws on the diverse individuality of its employees. It has identified 5 strategies toward fiscal 2030: reforming the business model of the apparel segment, accelerating growth in the lifestyle segment, strengthening its corporate business, evolving into a company where diverse and distinctive talent can thrive, and promoting sustainable management that coexists with the planet. Through these strategies, it will expand the scale of its businesses, strengthen its management platform, and further enhance corporate value.」

「To respond to this challenging management environment, the company pursued the withdrawal from unprofitable businesses and stores through global business restructuring implemented since the previous consolidated fiscal year, while working to restrain procurement and reduce fixed costs. ONWARD KASHIYAMA CO., LTD., the core operating company, opened the Stay Stylish Store on a limited-time basis to promote permanent omnichannel stores linking physical and e-commerce channels. ONWARD PERSONAL STYLE CO., LTD., which offers made-to-order suits with delivery in as little as 1 week, participated in a trial of mobile sales using a merchandise vehicle to explore new sales formats. KOKOBUY CO., LTD. opened a direct-to-consumer e-commerce site for the organic hair-care brand product (ザ・プロダクト) in October. The company will continue to pursue its growth strategy centered on digital, customization, and lifestyle as its 3 pillars.」

「The Group continued to implement its growth strategy centered on the 3 areas of digital, customization, and lifestyle, as well as the global business structural reform initiated in the previous consolidated fiscal year.」

「To respond to these changes in the management environment, the company has withdrawn from unprofitable businesses, reduced the scale of its operations, and closed unprofitable stores in each market in Europe and North America, Asia, and Japan as part of its global business restructuring. In parallel with this restructuring, it has pursued a growth strategy centered on digital, customization, and lifestyle as its 3 pillars of growth.」

「To respond to the changes in the management environment described above, the company decided to withdraw from unprofitable businesses, reduce the scale of its operations, and close unprofitable stores in each market in Europe and North America, Asia, and Japan as part of its global business restructuring. In parallel with this restructuring, it will accelerate a growth strategy centered on digital, customization, and lifestyle as its 3 pillars of growth.」

「To respond to the changes in the management environment described above, the company decided to withdraw from unprofitable businesses, reduce the scale of its operations, and close unprofitable stores in each market in Europe and North America, Asia, and Japan as part of its global business restructuring. In parallel with this restructuring, it will further accelerate concentrated investment in growth areas such as digital, customization, and lifestyle as part of its growth strategy.」

「The Group began implementing a medium-term management plan covering the current consolidated fiscal year as its first year. It is strengthening its businesses for future growth, including the development of the Creation First business, which pursues distinctive brand value; acceleration of the Factory-to-Customer (F2C) business, which responds to the era of mass customization; and development of the High-Quality Lifestyle business, which creates synergies with the apparel business.」

「The Group pursued stable earnings growth by enhancing the value of products under its core brands and expanding customer services, while promoting the selective allocation and concentration of resources by strengthening businesses such as e-commerce, which are expected to offer high earnings and growth.」

「Against this operating backdrop, the Group is implementing a medium-term management plan for which the current consolidated fiscal year is the final year. It is continuing to promote the selection and concentration of businesses by seeking stable earnings growth through higher product value at its core brands and expanded customer services, while strengthening businesses such as e-commerce, which offer high profitability and growth potential.」

「Against this operating backdrop, the Group is implementing a medium-term management plan for which the current consolidated fiscal year is the final year. It is continuing to promote the selection and concentration of businesses by seeking stable earnings growth through higher product value at its core brands and expanded customer services, while strengthening businesses such as e-commerce, which offer high profitability and growth potential.」

「Against this operating backdrop, the Group is implementing a medium-term management plan for which the current consolidated fiscal year is the final year. It is continuing to promote the selection and concentration of businesses by seeking stable earnings growth through higher product value at its core brands and expanded customer services, while strengthening businesses such as e-commerce, which offer high profitability and growth potential.」

「Against this operating backdrop, the Group continued implementing a medium-term management plan for which the current consolidated fiscal year was the second year. It continued to promote the selection and concentration of businesses by seeking stable earnings growth through higher product value at its core brands and expanded customer services, while strengthening businesses such as e-commerce, which offer high profitability and growth potential.」

「Against this operating backdrop, the Group is implementing a medium-term management plan for which the current consolidated fiscal year is the second year. It is continuing to promote the selection and concentration of businesses by seeking stable earnings growth through higher product value at its core brands and expanded customer services, while strengthening businesses such as e-commerce, which offer high profitability and growth potential.」

「Against this operating backdrop, the Group is implementing a medium-term management plan for which the current consolidated fiscal year is the second year. It is continuing to promote the selection and concentration of businesses by seeking stable earnings growth through higher product value at its core brands and expanded customer services, while strengthening businesses such as e-commerce, which offer high profitability and growth potential.」

「Against this management backdrop, the Group began implementing a medium-term management plan covering the current consolidated fiscal year as its first year. It pursued stable earnings growth by enhancing the value of products under its core brands and expanding customer services, while promoting the selective allocation and concentration of resources by strengthening businesses such as e-commerce, which are expected to offer high profitability and growth.」

「The Group began implementing a medium-term management plan for which the current consolidated fiscal year was the first year. It promoted the selection and concentration of businesses by seeking stable earnings growth through higher product value at its core brands and expanded customer services, while strengthening businesses such as e-commerce, which offer high profitability and growth potential.」