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Consumer Non-Durables

Onward Holdings Co., Ltd.

Business Summary

Onward Holdings Co., Ltd. engages in the management of its group companies which are involved in apparel, resort, and service-related businesses. Its operations are carried out through the Apparel related and Lifestyle related business segments. The Apparel related business segment covers the geographical locations Japan, Europe, Asia and North America. The Lifestyle related business segment includes the design and construction of commercial facilities and the management of resort facilities. The company was founded by Junzo Kashiyama in February 1927 and is headquartered in Tokyo, Japan.

Financial Highlights

Feb 2023 JPYUSD
Gross Profit92,364M688.38M
Operating income5,215M38.86M
Income before tax3,809M28.38M
Net income3,062M22.82M
Diluted EPS22.520.16
Dividends Per Share120.08
Total Assets159,198M1,168.72M
Total liabilities74,120M544.13M
Total equity74,830M549.35M
Operating cash flow5,685M42.36M
Currency in JPYCurrency in USD

Historical Data

 Feb 2019Feb 2020Feb 2021Feb 2022Feb 2023
Revenue 240,652M 248,233M 175,899M 168,453M 176,072M
Gross Profit 104,033M 105,858M 65,908M 83,385M 92,364M
Operating income 4,462M -3,061M -20,339M -1,331M 5,215M
Income before tax 3,154M -37,579M -25,560M 13,912M 3,809M
Net income 4,949M -52,135M -23,181M 8,566M 3,062M
EBITDA 13,273M 5,079M -13,894M 4,040M 10,375M
Diluted EPS 34.95 -383.97 -171.17 63.03 22.52
Dividends Per Share 24 24 12 12 12
Total Assets 287,554M 234,316M 196,052M 157,727M 159,198M
Total liabilities 125,341M 140,276M 136,539M 80,467M 74,120M
Total equity 158,874M 90,296M 56,863M 67,009M 74,830M
Operating cash flow 4,635M 8,003M -19,614M 7,814M 5,685M
 Feb 2019Feb 2020Feb 2021Feb 2022Feb 2023
Revenue 2,178.25M 2,277.16M 1,660.03M 1,510.79M 1,312.25M
Gross Profit 941.64M 971.08M 622.00M 747.84M 688.38M
Operating income 40.38M -28.08M -191.94M -11.93M 38.86M
Income before tax 28.54M -344.73M -241.22M 124.77M 28.38M
Net income 44.79M -478.25M -218.76M 76.82M 22.82M
EBITDA 120.13M 46.59M -131.12M 36.23M 77.32M
Diluted EPS 0.31 -3.52 -1.61 0.56 0.16
Dividends Per Share 0.21 0.22 0.11 0.10 0.08
Total Assets 2,583.12M 2,172.30M 1,840.17M 1,369.45M 1,168.72M
Total liabilities 1,125.95M 1,300.47M 1,281.57M 698.64M 544.13M
Total equity 1,427.18M 837.12M 533.72M 581.80M 549.35M
Operating cash flow 41.95M 73.41M -185.10M 70.08M 42.36M

Valuation Measures

Feb 2023
Operating margin2.96%
Profit margin1.73%


  • President & Representative Director: Michinobu Yasumoto
  • Director, Head-Finance, Accounting & IR: Osamu Sasaki
  • Senior Managing Director & Head-International: Tsunenori Suzuki
  • Director, Head-Personnel & General Affairs: Daisuke Ikeda
  • Managing Executive Officer & Head-Marketing: Yoshihiro Higuchi


  • Onward Holdings Co., Ltd. (14.0%)
  • Kashiyama Shogaku Zaidan (5.5%)
  • Onward Holdings Business Association (3.2%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.9%)
  • Nippon Life Insurance Co. (2.9%)
  • Nomura Asset Management Co., Ltd. (2.4%)
  • The Vanguard Group, Inc. (2.4%)
  • Dai-ichi Life Holdings, Inc. (2.1%)
  • Sumitomo Mitsui Financial Group, Inc. (1.8%)
  • Isetan Mitsukoshi Holdings Ltd. (1.4%)

Contact Details

  • Website:
  • Address: Onward Park Building, 3-10-5 Nihonbashi, Tokyo, 103-8239, Japan
  • Phone: +81.3.4512.1020

Related Companies

  • Onward Personal Style Co. , Ltd.
  • Onward U.S.A. LLC
  • Kashiyama (Dalian) Co., Ltd.
  • La Maison Moreau SAS
  • Kashiyama Daikanyama Co., Ltd.
  • Kashiyama Saga Co., Ltd.
  • Intimates Co., Ltd.
  • Onward Fashion Lab Co., Ltd.
  • Onward International Fashion Co., Ltd.
  • Jil Sander UK Ltd.
  • Yamato Co., Ltd. (Nagano)
  • KOKOBUY, Inc.
  • Innovate Organics, Inc.
  • Tiaclasse, Inc.
  • Onward Fashion Trading Shanghai Co., Ltd.
  • Shanghai Onward Fashion Co., Ltd.
  • Onward Mangilao Guam, Inc.
  • Onward Kashiyama Korea Co., Ltd.
  • Horloge Saint Benoit SAS
  • Yasuda (Vietnam) Co. Ltd.
  • Onward Kashiyama Singapore Pte Ltd.
  • Onward Fashion Trading (China) Co., Ltd.
  • Onward Italia SpA
  • Onward Kashiyama Hong Kong Ltd.
  • Onward Kashiyama Vietnam Ltd.
  • Onward Golf Resort Guam, Inc.
  • Onward Holdings Business Association
  • O & K KK
  • Birth Village Ltd.
  • Birz Association Ltd.


    Last Updated on 22 Sep, 2023

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