floortok

Retail Earnings

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← Japanese apparel & fashion groups

Onward Holdings

Japanese apparel & fashion groups · 8016

The Japan read

From the company's own filing for H1 (Mar–Aug 2026) · reported 2026-10-08 · the filing

+4.0%Japan salesDomestic segment sales to outside customers (floortok's arithmetic on the company's figures).

Other callouts in the filing

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

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floortok holds 2 reported periods for this company.

Quarter-alone and year-to-date rows are floortok's arithmetic on the company's own filings — the quarter alone under a cumulative filing, the year to date under a quarter — shown only where the filings they need are on file. A period tagged Year-to-Date runs from the start of the company's fiscal year.

H1 (Mar–Aug 2026) · Year-to-Date

Reported 2026-10-08
Revenue¥117.5bn+4.3%
Operating profit¥6.1bn+7.0%
Net income¥5.6bn+16.6%
Q2 alone (Jun–Aug 2026)
Revenue¥54.1bn—
Operating profit¥0.5bn—
Net income¥0.6bn—

Japan+4.0%Domestic segment sales to outside customers (floortok's arithmetic on the company's figures).

Onward Holdings, the department-store apparel supplier behind 23-ku, ICB and Kashiyama, grew first-half revenue 4.3% to ¥117.5bn, operating profit 7.0% to ¥6.1bn and net income 16.6% to ¥5.6bn. Its own department-store channel shrank 2.9% while directly run stores and e-commerce grew, so the growth is coming from off the department-store floor.

Q1 (Mar–May 2026) · Year-to-Date

Reported 2026-07-09
Revenue¥63.5bn+5.5%
Operating profit¥5.6bn+5.5%
Net income¥5.0bn+18.1%

Japan+5.0%Domestic segment sales to outside customers (floortok's arithmetic on the company's figures).

Onward Holdings grew revenue 5.5% to ¥63.5bn in March–May 2026, with operating profit also up 5.5% to ¥5.6bn and net income up 18.1% to ¥5.0bn. Onward is the classic department-store apparel supplier — 23-ku, ICB, Jiyu-ku and Kashiyama — so its quarter is a direct read on whether the clothing floors are selling. The company guides to ¥247.0bn revenue (+4.3%) and ¥12.8bn operating profit (+10.3%) for the full year.

  • JapanDepartment-store sales fell 4.5% to ¥13.6bn, now 24.1% of domestic channel sales from 26.7%, on store closures and Onward's exit from unprofitable counters; its directly run stores grew 11.7%.
  • JapanThe core brand 23-ku grew just 1.0%; growth came from unfilo (+25.7%), Kashiyama made-to-measure (+38.5%) and Chacott Cosmetics (+45.4%), helped by heavier digital marketing and promotion.
  • StoresOnward Personal Style, the Kashiyama made-to-measure business, grew sales 38.5% on 11 new stores and 12% existing-store growth; WEGO's domestic existing-store sales rose 6.9%.
  • One-offNet profit was lifted by a ¥1.39bn gain on investment securities sold by a subsidiary, while impairment losses fell to ¥49mn from ¥293mn.
  • BasisNail-products company Cosme de Beauté was acquired and consolidated from this quarter, adding ¥465mn of sales and ¥146mn of operating profit; its ¥2.85bn of goodwill is provisional.
  • OutlookHalf-year and full-year guidance (¥247.0bn revenue, ¥12.8bn operating profit) was kept despite weather-hit June sales, with the company relying on ample summer stock, promotions and cost control.