Onward Holdings Co., Ltd. · TSE:8016

Onward — Q3 FY2024 Earnings Presentation

30 slides from Onward's earnings presentation, Jan 9, 2025

  1. Slide 1: FY02/25 (FY2024) Q3 Results Presentation Material

    FY02/25 (FY2024) Q3 Results Presentation Material January 9, 2025 © 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 Consolidated Financial Results and 01 Performance Forecasts Highlights 4 FY2024 Cumulative Q3 Consolidated 02 Financial Results 8 FY2024 Full Year Consolidated 03 Performance Forecasts 15 04 Financial Situation 18 05 Topics 21 Copyright © ONWARD HOLDINGS CO., LTD. 06 Appendix 25 © Copyright

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

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

  5. Slide 5: Cumulative Q3: Consolidated Financial Results Highlights

    FY2024 Cumulative Q3 : Consolidated Financial Results Highlights Net Sales Operating Profit Recurring Profit Net Profit 149.9 billion yen 8.6 billion yen 8.5 billion yen 5.8 billion yen +6.1% YoY -11.8% YoY -6.6% YoY +0.6% YoY +8.6 bn yen YoY -1.1 bn yen YoY -0.6 bn yen YoY +0.03 bn yen YoY ◼ Net sa

  6. Slide 6: Full-Year: Consolidated Performance Forecasts Highlights

    FY2024 Full-Year : Consolidated Performance Forecasts Highlights Net Sales Operating Profit Recurring Profit Net Profit 210.0 billion yen 12.5 billion yen 12.2 billion yen 8.5 billion yen +10.7% YoY +11.0% YoY +20.5% YoY +54億YoY +28.6% +12% +20.4 bn yen YoY +1.2 bn yen YoY +2.1 bn yen YoY +54億 +1.9

  7. Slide 7: Strengthen Shareholder Returns

    Strengthen Shareholder Returns ▍Dividend Policy The Company views the distribution of profits to shareholders as one of management’s highest priority issues, and sets a guideline of payout ratio at 40% or more, ensuring stable and appropriate distribution of profits in conjunction with its performan

  8. Slide 8: Consolidated Financial Results

    02 FY2024 Cumulative Q3 Consolidated Financial Results Copyright © Copyright ONWARD HOLDINGS © ONWARD LTD. CO.,LTD. HOLDINGS CO., © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 88

  9. Slide 9: Cumulative Q3: Consolidated Financial Results

    FY2024 Cumulative Q3 : Consolidated Financial Results ◼ Net sales rose 6.1% to 149.9 billion yen, operating profit decreased 11.8% to 8.6 billion yen, and recurring profit fell 6.6% to 8.5 billion yen. ◼ Net profit was up 0.6% to 5.8 billion yen, mainly due to the recording of deferred tax assets. C

  10. Slide 10: Cumulative Q3: Results by Company

    FY2024 Cumulative Q3 : Results by Company ◼ WEGO, newly consolidated from October 2024, posted Q3 (October-November) net sales of 5.4 billion yen and operating profit of 0.2 billion yen due to strong sales of casual apparel and sundries. Cumulative Q3 （Million yen） FY2024 FY2023 Change % of Change 1

  11. Slide 11: Cumulative Q3: Net Sales by Channel

    FY2024 Cumulative Q3 : Net Sales by Channel ◼ Net sales at physical stores total (department stores, shopping centers and other) increased by 8.9% YoY. ◼ E-commerce net sales increased by 6.5% YoY. The e-commerce ratio and the directly managed e-commerce ratio remained at a high level at 28.8% and 8

  12. Slide 12: Brand Businesses

    Brand Businesses UNFILO Nijyusanku 【Onward Kashiyama】 【Onward Kashiyama】 Customer footfall increased, driven by Fresh, lightweight outerwear that products developed to offer functional addresses climate change was in high beauty, primarily focused on mid- demand. weight and lightweight apparel. Cum.

  13. Slide 13: OMO Service "Click & Try"

    OMO Service “Click & Try” ◼ The number of stores offering the "Click & Try" service increased by 25 stores from the end of Q3 of the previous fiscal year to 413 stores, and the adoption rate increased to 64%. ◼ The number of items reserved for cumulative Q3 increased by 17％ YoY to 215,000. ◼ The net

  14. Slide 14: ONWARD CROSSET SELECT (OCS)

    “ONWARD CROSSET SELECT (OCS) ” ◼ There are 159 stores nationwide as of the end of Q3 FY2024, an increase of 41 stores from the end of FY2023. ◼ The YoY growth of cumulative Q3 sales at OCS stores was 23%pt higher than that of existing stores excluding OCS stores. ▍Number of OCS stores ▍OCS sales YoY

  15. Slide 15: FY2024 Full Year Consolidated Performance Forecasts

    03 FY2024 Full Year Consolidated Performance Forecasts Copyright © Copyright ONWARD HOLDINGS © ONWARD LTD. CO.,LTD. HOLDINGS CO., © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 15 15

  16. Slide 16: Full-Year: Consolidated Performance Forecast

    FY2024 Full-Year : Consolidated Performance Forecast ◼ The Company maintained its most recent forecasts for net sales up 10.7% to 210.0 billion yen, operating profit up 11.0% to 12.5 billion yen, and recurring profit up 20.5% to 12.2 billion. ◼ The forecast for net profit was revised up by 0.25 bill

  17. Slide 17: Full-Year: Performance Forecast by Company

    FY2024 Full-Year : Performance Forecast by Company Full-Year 1H Results FY2024 FY2023 Change % of Change FY2024 FY2023 % of Change （Million yen） Forecast Results 1 Onward Kashiyama+HD Net Sales 114,966 109,491 +5,475 +5.0% 54,722 51,566 +6.1% Operating Profit 8,741 8,189 +552 +6.7% 2,938 3,210 - 8.5

  18. Slide 18: Financial Situation

    04 Financial Situation Copyright © Copyright ONWARD HOLDINGS © ONWARD LTD. CO.,LTD. HOLDINGS CO., © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 18 18

  19. Slide 19: Cumulative Q3: EBITDA, Net Assets, Shareholders' Equity Ratio, Current Ratio

    FY2024 Cumulative Q3 : EBITDA, Net Assets, Shareholders’ Equity Ratio, Current Ratio ◼ EBITDA amounted to 12.3 billion yen, down 7.2% YoY. ◼ Net assets were 81.8 billion yen, down 3.8% (by 3.2 billion yen) from the end of the previous fiscal year due to a decrease in non-controlling interests. ◼ The

  20. Slide 20: Cumulative Q3: Cash Flows, Capital Expenditures, Depreciation and Amortization

    FY2024 Cumulative Q3 : Cash Flows, Capital Expenditures, Depreciation and Amortization ▍Cash Flows ◼ Cash flows from operating activities amounted to 7.1 billion yen mainly due to an increase in profit before income taxes and an increase in inventories. ◼ Cash flows used in investing activities amou

  21. Slide 21: Topics

    05 Topics Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 21 21

  22. Slide 22: WEGO Steps Up Asian Expansion

    WEGO Steps Up Asian Expansion —Pop-up event held in Shanghai, first store opened in Malaysia— (WEGO Co., Ltd.) ◼ As a first step in expansion into China, a pop-up sales event (exclusively for “Ita-bags”) by reservation only was held for the first time in October 2024 at Joy City shopping mall in Sha

  23. Slide 23: Promotion Held for Nijyusanku "Yukin Coordinate"

    Promotion Held for Nijyusanku “Yukin Coordinate” —Natsumi Tsunoda, Sarina Koga, Airi Hatakeyama, and Nana Takagi all made their runway debuts — (Onward Kashiyama Co., Ltd.) ◼ In November 2024, a runway show for Nijyusanku also linked to online content was held featuring four renowned athletes (judok

  24. Slide 24: Pet Supplies Brand PET PARADISE Launches "chérircouture" Prestige Line

    Pet Supplies Brand PET PARADISE Launches "chérircouture" Prestige Line (Creative Yoko Co., Ltd.) ◼ In October last year, to respond to the growing demand for high-quality and highly-sophisticated pet-related products, we launched a new line called "chérircouture," which focuses on carefully selected

  25. Slide 25: Appendix

    25 Copyright © Copyright ONWARD HOLDINGS © ONWARD LTD. CO.,LTD. HOLDINGS CO., 25 © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 06 Appendix

  26. Slide 26: Cumulative Q3: Consolidated SG&A Expenses

    FY2024 Cumulative Q3 : Consolidated SG&A Expenses Excl. Wego FY2024 FY2023 FY2024 （Million yen） Change Change Cum. Q3 Cum. Q3 Cum. Q3 1 Personnel 28,115 26,633 +5.6% 27,239 +2.3% 2 Rent 20,536 19,070 +7.7% 19,521 +2.4% 3 Transportation 4,889 4,826 +1.3% 4,741 - 1.8% Promotion and 4 Advertising 5,401

  27. Slide 27: Cumulative Q3: Items that Affect Net Profit

    FY2024 Cumulative Q3 : Items that Affect Net Profit FY2024 FY2023 （Million yen） Cum. Q3 Cum. Q3 Change 【Items that Affect Net Profit】 1 Operating Profit 8,560 9,700 - 11.8% ◼ Non-operating income of 0.5 billion yen due 2 Non-Operating Income 479 388 +23.5% to interest and dividend income. 3 Interest

  28. Slide 28: Cumulative Q3: Consolidated Balance Sheet

    FY2024 Cumulative Q3 : Consolidated Balance Sheet ◼ Inventory （Billion yen） End-FY2024 Q3 End-FY2023 Change Increase due to WEGO consolidation and 1 Total Assets 195.1 171.3 +23.8 seasonal factors in purchase timing. 2 Current Assets 91.2 73.4 +17.8 ◼ Intangible Assets 3 Cash and Deposits 16.6 14.1

  29. Slide 29: Onward Kashiyama: Cumulative Q3 Results / Full-Year Forecasts by Group

    FY2024 : Cumulative Q3 Results / Full-Year Forecasts by Group Cumulative Q3 Results Full-Yesr Forecasts （Million yen） FY2024 FY2023 Change % of Change FY2024 FY2023 Change % of Change 1 Net Sales 84,687 81,484 +3,203 +3.9% 114,966 109,491 +5,475 +5.0% Onward Kashiyama Gross Profit 49,467 49,850 - 38

  30. Slide 30: The information in this presentation is not a solicitation to purchase or sell Onward

    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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