Onward Holdings Co., Ltd. · TSE:8016

Onward — Q1 FY2024 Earnings Presentation

27 slides from Onward's earnings presentation, Jul 4, 2024

  1. Slide 1: FY02/25 (FY2024) Q1 Results Presentation Material

    FY02/25 (FY2024) Q1 Results Presentation Material July 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 Consolidated Financial Results and 01 Performance Forecasts Highlights 4 FY2024 Q1 Consolidated Financial 02 Results 7 FY2024 First Half and Full Year 03 Consolidated Performance Forecasts 11 04 Topics 14 05 Appendix 20 Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLD

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

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

  5. Slide 5: Q1: Consolidated Financial Results Highlights

    FY2024 Q1 : Consolidated Financial Results Highlights Net Sales Operating Profit Recurring Profit Net Profit 51.4 billion yen 5.1 billion yen 5.2 billion yen 4.0 billion yen +2.9% YoY -5.7% YoY +6.9% YoY +20.1% YoY +1.5 bn yen YoY -0.3 bn yen YoY +0.3 bn yen YoY +0.7 bn yen YoY ◼ Net sales for Q1 we

  6. Slide 6: 1H / Full-Year: Performance Forecasts Highlights

    FY2024 1H / Full-Year : Performance Forecasts Highlights Net Sales Operating Profit Recurring Profit Net Profit First Half 94.9 billion yen 5.5 billion yen 5.5 billion yen 4.1 billion yen +5.0% YoY +9.5% YoY +24.7% YoY +41.5% YoY +4.5 bn yen YoY +0.5 bn yen YoY +1.1 bn yen YoY +1.2 bn yen YoY Full Y

  7. Slide 7: FY2024 Q1 Consolidated Financial Results

    02 FY2024 Q1 Consolidated Financial Results Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 77

  8. Slide 8: Q1: Consolidated Financial Results

    FY2024 Q1 : Consolidated Financial Results ◼ Net sales increased to 51.4 billion yen, up 2.9% (+1.5 billion yen) YoY. ◼ Operating profit decreased to 5.1 billion, down 5.7% (-0.3 billion yen) YoY. ◼ Net profit increased to 4.0 billion yen, up 20.1% (+0.7 billion yen) YoY. ◼ EBITDA decreased to 6.2 b

  9. Slide 9: Q1: Results by Company

    FY2024 Q1 : Results by Company Ｑ1 Results (Million yen) FY2024 FY2023 Change % of Change 1 Onward Kashiyama+HD Net Sales 30,523 29,174 +1,349 +4.6% Operating Profit 3,387 3,696 - 309 - 8.4% 2 Onward Net Sales 5,201 4,984 +217 +4.4% Operating Corporate Design Profit 710 744 - 34 - 4.6% 3 Island Net S

  10. Slide 10: Q1: Net Sales by Channel

    FY2024 Q1 : Net Sales by Channel ◼ Net sales at physical stores total (department stores, shopping centers and other) increased by 3.6% YoY. ◼ E-commerce net sales increased by 5.2% YoY. The e-commerce ratio and the directly managed e-commerce ratio remained at a high level at 28.0% and 85.3%, respe

  11. Slide 11: FY2024 First Half and Full Year Consolidated Performance Forecasts

    03 FY2024 First Half and Full Year Consolidated Performance Forecasts Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 11 11

  12. Slide 12: 1H / Full-Year: Consolidated Performance Forecast

    FY2024 1H / Full-Year : Consolidated Performance Forecast ◼ 1H net sales and operating profit forecasts remain unchanged from the initial forecasts, while the recurring profit and net profit forecasts have been revised up, reflecting improved performance of equity-method affiliates. ◼ Recurring prof

  13. Slide 13: 1H / Full-Year: Performance Forecast by Segment

    FY2024 1H / Full-Year : Performance Forecast by Segment ◼ In the domestic business, 1H net sales are forecast to increase 5.4% YoY (+4.6 billion yen), and operating profit is forecast to increase 6.9% (+0.4 billion yen). For the full year, net sales are forecast to increase 5.7% YoY (+10.3 billion y

  14. Slide 14: Topics

    ONWARD HOLDINGS LTD. 14 Copyright©©ONWARD Copyright HOLDINGSCO.,CO., LTD. 14 © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 04 TOPICS

  15. Slide 15: Brand Businesses

    Brand Businesses UNFILO 【Onward Kashiyama】 Nijyusanku 【Onward Kashiyama】 In addition to product lines using Highly trendy items are standard materials, newly enjoying strong demand. developed products drove sales. Q1 Net Sales Q1 Net Sales (YoY) + 74.2% (YoY) + 2.6% KASHIYAMA 【 Onward Personal Style

  16. Slide 16: OMO Service "Click & Try"

    OMO Service “Click & Try” ◼ The number of stores offering the "Click & Try" service increased by 44 stores from the end of the same period of the previous fiscal year to 404 stores, and the adoption rate increased to 60%. ◼ The number of items reserved increased 15％ YoY to 82,000. ◼ The net sales gr

  17. Slide 17: ONWARD CROSSET / SELECT (OCS)

    “ONWARD CROSSET / SELECT (OCS) ” ◼ Implemented the "Click & Try" OMO service, offering an assortment of Onward Kashiyama's multiple brands across their boundaries. ◼ The YoY growth of Q1 sales at OCS stores was 13%pt higher than that of existing stores excluding OCS stores. ◼ 140 OCS stores nationwi

  18. Slide 18: steppi Knit Shoes Brand

    steppi Knit Shoes Brand New Multifunctional Knit Shoes for Medical Professionals (Onward Kashiyama, May 2024) About two years have passed since the release of the knit shoe steppi, which won the Good Design Award for 2022. We have developed “steppi medical” for medical professionals in collaboration

  19. Slide 19: New Uniforms for FANCL and Upcycling of Previous Uniforms

    Creation of New Uniforms for FANCL and Upcycling of Previous Model Uniforms "Supporting the Creation of Stores that People Want to Visit" (Onward Corporate Design, May 2024) We have produced new uniforms that are worn by staff at all directly-managed FANCL stores starting from May 2024. Furthermore,

  20. Slide 20: Appendix

    05 Appendix Copyright © ONWARD HOLDINGS CO., LTD. © Copyright 2007-2015 ONWARD HOLDINGS CO.,LTD. 20 20

  21. Slide 21: 1H / Full-Year: Performance Forecast by Company

    FY2024 1H / Full-Year : Performance Forecast by Company First Half Full-Year (Million yen) FY2024 FY2023 Change % of Change FY2024 FY2023 Change % of Change 1 Onward Kashiyama+HD Net Sales 54,144 51,566 +2,578 +5.0% 114,966 109,491 +5,475 +5.0% Operating Profit 3,412 3,210 +202 +6.3% 8,741 8,189 +55

  22. Slide 22: Q1: SG&A Expenses / Items that Affect Net Profit

    FY2024 Q1 : SG&A Expenses / Items that Affect Net Profit YoY YoY (Million yen) FY2024 Q1 FY2023 Q1 (Million yen) FY2024 Q1 FY2023 Q1 (% of Change) (% of Change) 1 Personnel 8,775 8,637 +1.6% 8 Operating Profit 5,074 5,380 - 5.7% (% of Net Sales) (17.1%) (17.3%) (-0.2%pt) 9 Non-Operating Profit 302 1

  23. Slide 23: Q1: Consolidated Balance Sheet

    FY2024 Q1 : Consolidated Balance Sheet (Billion yen) End-FY2024 Q1 End-FY2023 Change ◼ Inventory 1 Total Assets 172.8 171.3 +1.5 Decreased by 0.9 billion yen (-2.5%) 2 Current Assets 72.3 73.4 -1.1 from the end of the previous fiscal 3 Cash and Deposits 13.3 14.1 -0.8 year due to the planned optimiz

  24. Slide 24: Q1: Cash Flows, Capital Expenditures, Depreciation and Amortization

    FY2024 Q1 : Cash Flows, Capital Expenditures, Depreciation and Amortization ▍Cash Flows ◼ Cash flows provided by operating activities amounted to 1.4 billion yen mainly due to a profit before income taxes and an increase in inventories. ◼ Net cash used in investing activities amounted to 0.3 billion

  25. Slide 25: Q1: Results by Group

    FY2024 Q1 : Results by Group Q1 Results (Million yen) FY2024 FY2023 Change % of Change 1 Net Sales 30,523 29,174 +1,349 +4.6% Onward Kashiyama Gross Profit 18,134 18,324 - 190 - 1.0% 2 （% of Net Sales） (59.4%) (62.8%) (- 3.4%pt) + HD SG&A Expenses 14,747 14,628 +119 +0.8% 3 （% of Net Sales） (48.3%)

  26. Slide 26: 1H / Full-Year: Performance Forecasts by Group

    FY2024 1H / Full-Year : Performance Forecasts by Group First Half Full-Year (Million yen) FY2024 FY2023 Change % of Change FY2024 FY2023 Change % of Change 1 Net Sales 54,144 51,566 +2,578 +5.0% 114,966 109,491 +5,475 +5.0% Onward Kashiyama Gross Profit 32,002 31,245 +757 +2.4% 68,859 65,428 +3,431

  27. Slide 27: 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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