Onward Holdings Co., Ltd. · TSE:8016

Onward — FY2023 Earnings Presentation

34 slides from Onward's earnings presentation, Apr 4, 2024

  1. Slide 1: FY02/24 (FY2023) Results Presentation Material

    FY02/24 (FY2023) Results Presentation Material April 4, 2024 © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD.

  2. Slide 2: The Onward Group's Mission Statement

    The Onward Group’s Mission Statement Enriching and Adding Color to People’s Lives while Caring for the Planet Keep moving forward as a “lifestyle and culture creation company” that contributes to creating lifestyles with richness and colors in harmony with the planet through “customer-centric manage

  3. Slide 3: Contents

    Contents Contents Consolidated Financial Results 01 and Performance Forecast Highlights ４ 02 FY2023 Consolidated Financial Results ８ 03 FY2024 Consolidated Performance Forecast 11 04 Financial Situation 14 05 Appendix 17 Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLDINGS CO.

  4. Slide 4: Consolidated Financial Results and Performance Forecast Highlights

    01 Consolidated Financial Results and Performance Forecast Highlights Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 44

  5. Slide 5: Consolidated Financial Results Highlights

    FY2023 : Consolidated Financial Results Highlights Net Sales Operating Profit Recurring Profit Net Profit 189.6 bn yen 11.3 bn yen 10.1 bn yen 6.6 +28.3% bn yen +6億円 +7.7% YoY +2.2 x YoY +1.9 x YoY +2.2 x YoY +13.6 bn yen YoY +6.0 bn yen YoY +4.8 bn yen YoY +3.6 bn yen YoY ◼ In FY2023, as a result o

  6. Slide 6: FY2024: Consolidated Performance Forecasts Highlights

    FY2024 : Consolidated Performance Forecasts Highlights Net Sales Operating Profit Recurring Profit Net Profit 200.0 bn yen 12.5 bn yen 12.0 bn yen 8.0 bn yen +5.5% YoY +11.0% YoY +18.5% YoY +21.0% YoY +10.4 bn yen YoY +1.2 bn yen YoY +1.9 bn yen YoY +1.4 bn yen YoY ◼ Consolidated net sales for FY202

  7. Slide 7: Shareholder Returns

    Shareholder Returns ▍Change in dividend policy The Company regards the return of profits to shareholders as one of its most important management measures and has revised dividend policy to raise the dividend payout ratio of at least 40% from at least 35% previously and to distribute profits in a sta

  8. Slide 8: FY2023 Consolidated Financial Results

    02 FY2023 Consolidated Financial Results Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 88

  9. Slide 9: Consolidated Financial Results

    FY2023 : Consolidated Financial Results ◼ Net sales increased to 189.6 billion yen, up 13.6 billion yen (+7.7%) YoY. ◼ Operating profit was 11.3 billion yen, up 6.0 billion yen (2.2 times) YoY. ◼ Net profit was 6.6 billion yen, up 3.6 billion yen (2.2 times) YoY. ◼ EBITDA amounted to 16.1 billion ye

  10. Slide 10: Results by Segment

    FY2023 : Results by Segment ◼ In the domestic business, both the apparel and lifestyle segments saw higher sales and double-digit profit growth. ◼ In the overseas business, operating profit/loss improved by 0.9 billion yen, although an operating loss of 0.2 billion yen remained. Full-Year Results （M

  11. Slide 11: FY2024 Consolidated Performance Forecast

    03 FY2024 Consolidated Performance Forecast Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 11 11

  12. Slide 12: FY2024: Consolidated Performance Forecast

    FY2024 : Consolidated Performance Forecast ◼ Gross profit margin is expected to improve by 0.3 pp from FY2023 to 56.1%. ◼ SG&A expense ratio is forecast to be 49.8%, the same level as FY2023. ◼ EBITDA is estimated to increase 1.6 billion yen from FY2023 to 17.7 billion yen. Full-Year Forecast （Milli

  13. Slide 13: FY2024: Performance Forecasts by Segment

    FY2024 : Performance Forecasts by Segment ◼ For the domestic business, net sales are expected to increase by 10.3 billion yen (+5.7%) and operating profit by 1.3 billion yen (+9.5%). ◼ In the overseas business, net sales are expected to increase by 2.0 billion yen (+10.2%) and operating profit/loss

  14. Slide 14: Financial Situation

    04 Financial Situation Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 14 14

  15. Slide 15: EBITDA, Net Assets, Shareholders' Equity Ratio, Current Ratio

    FY2023 : EBITDA, Net Assets, Shareholder‘s Equity Ratio, Current Ratio ◼ EBITDA increased to 16.1 billion yen, up 5.7 billion yen YoY. ◼ Net assets decreased slightly from the end of the previous fiscal year due to the decrease in minority interests. ◼ The shareholders' equity ratio was 46.6%, down

  16. Slide 16: Cash Flows, Capital Expenditures, Depreciation and Amortization

    FY2023 : Cash Flows, Capital Expenditures, Depreciation and Amortization ▍Cash Flows ## ◼ Cash flows provided by operating activities amounted 億円 ●● to 4.0 billion yen mainly ## due to 億円 higher profit before income taxes and an increase in inventories. 億円 ◼ Cash flows used in investing activities a

  17. Slide 17: Appendix

    05 Appendix Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 17 17

  18. Slide 18: OMO Service "Click & Try" and Multi-Brand Store

    OMO Service “Click & Try” Multi-Brand Store “ONWARD CROSSET / SELECT” ◼ “Click & Try” Service • The number of stores offering the service increased to 397, up 57 from the end of the previous fiscal year, and the ratio of stores offering the service rose 16 pp to 58%. • In FY2023, net sales at existi

  19. Slide 19: Net Sales by Channel

    FY2023 : Net Sales by Channel ◼ Net sales at physical stores total (department stores + shopping centers and others) increased by 7% YoY. ◼ E-commerce sales increased by 7% YoY. The e-commerce ratio and the directly managed e- commerce ratio remained at a high level at 30% and 86%, respectively. (2)

  20. Slide 20: Net Sales Breakdown by Channel

    FY2023 : Net Sales Breakdown by Channel ▍Total of Onward Group’s nine domestic companies (Onward Kashiyama, Island, Tiaclasse, Onward Personal Style, Chacott , Creative Yoko, Yamato, Intimates, KOKOBUY) FY2023 Department E-Commerce Stores 30％ 31％ Shopping Centers and Other 39％ Changes in Onward Kash

  21. Slide 21: Brand Businesses

    Brand Businesses Nijyusanku 【Onward Kashiyama】 UNFILO 【Onward Kashiyama】 Onward Kashiyama's core brand The brand continued on a growth “Nijyusanku” continued to record trajectory thanks to the development higher sales. Sales promotion was of highly unique products with stepped up by a campaign to "f

  22. Slide 22: Initiative for Human Capital Management

    Initiative for Human Capital Management ▍Promotion of initiatives for diversity and Work Style Design ◼ We are strengthening the development of * Comparison between the previous year (FY2018) when female leaders as a part of the promotion of "Work Style Design" was launched and FY2023. diversity. In

  23. Slide 23: Initiative for Sustainable Management

    Initiative for Sustainable Management ■ Onward Green Campaign ■ Upcycle Action for collected clothing The Onward Green Campaign aims to create a "Upcycle Action", in which collected clothing is circular system by recycling and reusing clothing. given a new life was launched in FY2023. Approximately

  24. Slide 24: Operating Profit Change Analysis (YoY)

    FY2023 : Operating Profit Change Analysis (YoY) (Billion yen) +1.6 -1.4 +0.3 -1.1 +2.0 -0.4 +0.3 +4.9 11.3 Change due to SG&A expenses 5.2 Change due to gross profit FY2022 Increase in Increase in Increase in Increase in Increase in Decrease Increase in Decrease in FY2023 operating gross profit gros

  25. Slide 25: Trends of Operating Profit and Operating Profit Margin

    Trends of Operating Profit and Operating Profit Margin ◼ Operating profit in FY2023 was 11.3 billion yen, the highest since FY2008. ◼ The operating profit margin in FY2023 was 5.9%, the highest since FY2008. 7.0% (bn yen) Operating Point Operating Point Margin 5.9% 190 5.0% 4.5% 4.3% 3.5% 3.7% 140 3

  26. Slide 26: Results by Company

    FY2023 : Results by Company Full-Year Results （Million yen） Previous FY2023 FY2022 Change % of Change Change % of Change Forecast 1 Onward Kashiyama+HD Net Sales 109,491 101,109 +8,382 +8.3% 108,721 +770 +0.7% Operating Profit 8,189 4,524 +3,665 +81.0% 8,180 +9 +0.1% 2 Onward Net Sales 16,332 14,503

  27. Slide 27: FY2024: Consolidated Performance Forecast

    FY2024 : Consolidated Performance Forecast First Half Second Half Full-Year （Million yen） FY2024 FY2032 Change % of Change FY2024 FY2032 Change % of Change FY2024 FY2032 Change % of Change 1 Net Sales 94,900 90,411 +4,489 +5.0% 105,100 99,218 +5,882 +5.9% 200,000 189,629 +10,371 +5.5% 2 Gross Profit

  28. Slide 28: FY2024: Performance Forecasts by Segment

    FY2024 : Performance Forecasts by Segment First Half Second Half Full-Year （Million yen） FY2024 FY2032 Change % of Change FY2024 FY2032 Change % of Change FY2024 FY2032 Change % of Change Net Sales 90,934 86,311 +4,623 +5.4% 99,398 93,747 +5,651 +6.0% 190,332 180,058 +10,274 +5.7% 1 Domestic Total O

  29. Slide 29: FY2024: Performance Forecasts by Company

    FY2024 : Performance Forecasts by Company First Half Second Half Full-Year （Million yen） FY2024 FY2023 Change % of Change FY2024 FY2023 Change % of Change FY2024 FY2023 Change % of Change 1 Onward Kashiyama+HD Net Sales 54,144 51,566 +2,578 +5.0% 60,822 57,925 +2,897 +5.0% 114,966 109,491 +5,475 +5.

  30. Slide 30: SG&A Expenses / Items that Affect Net Profit

    FY2023 : SG&A Expenses / Items that Affect Net Profit YoY （Million yen） FY2023 FY2022 YoY (% of Change) （Million yen） FY2023 FY2022 (% of Change) 1 Presonnel 35,387 35,036 +1.0% 8 Operating Profit 11,260 5,214 +116.0% 9 Non-Operating Profit 494 1,380 - 64.2% 2 Rent 25,336 24,499 +3.4% 10 Interest in

  31. Slide 31: Consolidated Balance Sheet

    FY2023 : Consolidated Balance Sheet (Billion yen) End-FY2023 End-FY2022 Change Reasins for change 1 Total Assets 171.3 159.1 +12.2 2 Current Assets 73.4 62.2 +11.2 3 Cash and Deposits 14.1 13.8 +0.3 Accounts 4 15.9 13.9 +2.0 Increase due to higher net sales Receivable-trade 5 Inventory 38.9 30.7 +8.

  32. Slide 32: Results by Groups

    FY2023 : Results by Groups Full-Year Results （Million yen） FY2023 FY2022 Change % of Change 1 Net Sales 109,491 101,109 +8,382 +8.3% Onward Kashiyama 2 Gross Profit 65,428 60,068 +5,360 +8.9% （% of Net Sales） (59.8%) (59.4%) (+0.3%) + HD 3 SG&A Expenses 57,239 55,544 +1,695 +3.1% （% of Net Sales） (5

  33. Slide 33: FY2024 Full-Year: Forecasts by Group

    FY2024 Full-Year : Forecasts by Group First Half Second Half Full-Year （Million yen） FY2024 FY2023 Change % of Change FY2024 FY2023 Change % of Change FY2024 FY2023 Change % of Change 1 Net Sales 54,144 51,566 +2,578 +5.0% 60,822 57,925 +2,897 +5.0% 114,966 109,491 +5,475 +5.0% Onward Kashiyama 2 Gr

  34. Slide 34: Disclaimer

    The information in this presentation is not a solicitation to purchase or sell Onward Holdings stock. Opinions and forecasts stated herein represent the judgments of the company at the time this presentation was prepared. Onward Holdings makes no guarantee regarding the accuracy of the information i

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