Balance Sheet Onward Holdings Co., Ltd.

Equities

8016

JP3203500008

Apparel & Accessories

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-09-19 am EDT			5-day change	1st Jan Change
530.00 ^JPY	+0.76%		+1.53%	+10.19%

Sep. 04	Onward Holdings Co., Ltd. Reports Consolidated Sales Results for the Month of August 2024	CI
Aug. 29	Onward Holdings Acquires Remaining Shares of WEGO	MT

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Published financial data: ONWARD HOLDINGS CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2020	2021	2022	2023	2024
Revenues	248B	174B	168B	176B	190B
Total Revenues	248B	174B	168B	176B	190B
Cost of Goods Sold, Total	136B	105B	80.84B	79.32B	83.85B
Gross Profit	113B	69.72B	87.61B	96.75B	106B
Selling General & Admin Expenses, Total	109B	86.33B	84.46B	87.15B	90.51B
Depreciation & Amortization - (IS)	5.08B	4.08B	3.46B	3.59B	3.19B
Amortization of Goodwill and Intangible Assets - (IS)	1.75B	786M	766M	794M	813M
Other Operating Expenses	22M	-249M	-	-	-
Other Operating Expenses, Total	116B	90.95B	88.69B	91.54B	94.52B
Operating Income	-3.06B	-21.23B	-1.08B	5.22B	11.26B
Interest Expense, Total	-402M	-595M	-391M	-363M	-896M
Interest And Investment Income	286M	248M	1.39B	233M	283M
Net Interest Expenses	-116M	-347M	1B	-130M	-613M
Income (Loss) On Equity Invest.	-1.39B	-70M	-73M	-46M	-249M
Currency Exchange Gains (Loss)	-1M	-443M	99M	789M	-109M
Other Non Operating Income (Expenses)	1.13B	2.13B	653M	-465M	-148M
EBT, Excl. Unusual Items	-3.44B	-19.96B	601M	5.36B	10.14B
Gain (Loss) On Sale Of Investments	-1.4B	-6.69B	-748M	1.83B	363M
Gain (Loss) On Sale Of Assets	2.03B	7.92B	17.82B	-24M	53M
Asset Writedown	-27.76B	-3.3B	-1.74B	-2.91B	-3.59B
Other Unusual Items	-7.01B	-3.53B	-2.03B	-452M	-808M
EBT, Incl. Unusual Items	-37.58B	-25.56B	13.91B	3.81B	6.16B
Income Tax Expense	13.86B	-2.89B	5.22B	698M	-713M
Earnings From Continuing Operations	-51.44B	-22.67B	8.69B	3.11B	6.88B
Net Income to Company	-51.44B	-22.67B	8.69B	3.11B	6.88B
Minority Interest	-700M	-513M	-127M	-49M	-266M
Net Income - (IS)	-52.14B	-23.18B	8.57B	3.06B	6.61B
Net Income to Common Incl Extra Items	-52.14B	-23.18B	8.57B	3.06B	6.61B
Net Income to Common Excl. Extra Items	-52.14B	-23.18B	8.57B	3.06B	6.61B
Per Share Items
Net EPS - Basic	-383.97	-171.18	63.16	22.56	48.71
Basic EPS - Continuing Operations	-383.97	-171.18	63.16	22.56	48.71
Basic Weighted Average Shares Outstanding	136M	135M	136M	136M	136M
Net EPS - Diluted	-383.97	-171.18	63.04	22.53	48.66
Diluted EPS - Continuing Operations	-383.97	-171.18	63.04	22.53	48.66
Diluted Weighted Average Shares Outstanding	136M	135M	136M	136M	136M
Normalized Basic EPS	-20.98	-95.91	1.83	24.35	44.75
Normalized Diluted EPS	-20.98	-95.91	1.83	24.31	44.69
Dividend Per Share	24	12	12	12	20
Payout Ratio	-6.34	-13.98	18.99	53.15	24.63
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	5.08B	-14.94B	4.29B	10.38B	16.05B
EBITA	-1.31B	-20.44B	-313M	6.01B	12.07B
EBIT	-3.06B	-21.23B	-1.08B	5.22B	11.26B
EBITDAR	18.42B	-5.4B	27.57B	34.87B	41.39B
Effective Tax Rate - (Ratio)	-36.87	11.31	37.51	18.33	-11.57
Normalized Net Income	-2.85B	-12.99B	249M	3.3B	6.07B
Non-Cash Pension Expense	-321M	-103M	-133M	-261M	-363M
Supplemental Operating Expense Items
Advertising Expense	7.79B	7.27B	4.78B	5.5B	6.61B
Selling and Marketing Expenses	7.79B	7.27B	4.78B	5.5B	6.61B
General and Administrative Expenses	-	-	-	-	28.78B
Net Rental Expense, Total	13.35B	9.54B	23.28B	24.5B	25.34B
Imputed Operating Lease Interest Expense	629M	560M	1.11B	1.98B	4.91B
Imputed Operating Lease Depreciation	12.72B	8.98B	22.17B	22.51B	20.43B

Fiscal Period: February	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	28.8B	21.3B	15.21B	13.8B	14.13B
Total Cash And Short Term Investments	28.8B	21.3B	15.21B	13.8B	14.13B
Accounts Receivable, Total	25.23B	17.97B	13.95B	13.54B	15.63B
Total Receivables	25.23B	17.97B	13.95B	13.54B	15.63B
Inventory	43.22B	34.35B	26.84B	30.72B	38.96B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	9.54B	6.83B	4.51B	4.19B	4.68B
Total Current Assets	107B	80.46B	60.51B	62.26B	73.4B
Net Property Plant And Equipment	83.23B	69.07B	58.04B	53.13B	50.47B
Long-term Investments	26.3B	26.71B	23.81B	28.37B	31.3B
Goodwill	6.13B	5.25B	4.63B	4.02B	3.29B
Other Intangibles, Total	6.03B	5.42B	4.72B	5.08B	5.53B
Loans Receivable Long-Term	1.61B	1.66B	1.68B	2.88B	2.57B
Deferred Tax Assets Long-Term	4.23B	7.49B	4.34B	3.45B	4.8B
Other Long-Term Assets, Total	1M	1M	1M	1M	1M
Total Assets	234B	196B	158B	159B	171B
Liabilities
Accounts Payable, Total	33.01B	21.96B	18.22B	21.39B	22.61B
Accrued Expenses, Total	857M	614M	676M	1.09B	1.51B
Short-term Borrowings	44.91B	56.57B	18.7B	14.88B	20.2B
Current Portion of Long-Term Debt	4.45B	5.05B	4.05B	3.72B	5.21B
Current Portion of Leases	-	2.04B	854M	887M	858M
Current Income Taxes Payable	527M	669M	2.02B	1.13B	965M
Other Current Liabilities	24.99B	12.65B	11.23B	10.02B	10.99B
Total Current Liabilities	109B	99.55B	55.76B	53.12B	62.35B
Long-Term Debt	17.03B	16.43B	12.38B	8.66B	12.26B
Long-Term Leases	4.22B	11.62B	3.68B	3.9B	3.42B
Pension & Other Post Retirement Benefits	3.96B	3.71B	3.1B	3.15B	3.04B
Deferred Tax Liability Non Current	1.76B	761M	241M	241M	180M
Other Non Current Liabilities	4.57B	4.48B	5.31B	5.05B	5.12B
Total Liabilities	140B	137B	80.47B	74.12B	86.37B
Common Stock, Total	30.08B	30.08B	30.08B	30.08B	30.08B
Additional Paid In Capital	50.04B	50.39B	50.39B	50.35B	50.34B
Retained Earnings	46.34B	9.32B	15.39B	16.04B	21.16B
Treasury Stock	-21.44B	-20.86B	-20.83B	-20.75B	-20.74B
Comprehensive Income and Other	-14.73B	-12.06B	-8.02B	-890M	-976M
Total Common Equity	90.3B	56.86B	67.01B	74.83B	79.87B
Minority Interest	3.74B	2.65B	10.25B	10.24B	5.12B
Total Equity	94.04B	59.51B	77.26B	85.07B	85B
Total Liabilities And Equity	234B	196B	158B	159B	171B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	135M	136M	136M	136M	136M
ECS Total Common Shares Outstanding	135M	136M	136M	136M	136M
Book Value / Share	668.76	419.34	494.04	551.37	588.48
Tangible Book Value	78.14B	46.2B	57.66B	65.72B	71.05B
Tangible Book Value Per Share	578.7	340.67	425.11	484.27	523.48
Total Debt	70.61B	91.7B	39.66B	32.05B	41.94B
Net Debt	41.82B	70.4B	24.46B	18.24B	27.81B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.02B	667M	-391M	-2.55B	-5.02B
Debt Equivalent Oper. Leases	107B	76.33B	186B	196B	203B
Minority Interest, Total (Incl. Fin. Div)	3.74B	2.65B	10.25B	10.24B	5.12B
Inventories - Raw Materials, Total	5.45B	4.44B	2.48B	2.94B	3.24B
Inventories - Work In Process, Total	2.04B	1.01B	449M	486M	456M
Inventories - Finished Goods, Total	35.73B	28.91B	23.91B	27.3B	35.26B
Full Time Employees	5.15K	7.5K	6.38K	6.06K	5.75K
Accumulated Allowance for Doubtful Accounts (Supple)	488M	277M	252M	437M	301M

Fiscal Period: February	2020	2021	2022	2023	2024
Net Income	-37.58B	-25.56B	13.91B	3.81B	6.16B
Depreciation & Amortization - CF	6.39B	5.51B	4.6B	4.37B	3.98B
Amortization of Goodwill and Intangible Assets - (CF)	1.75B	786M	766M	794M	813M
Depreciation & Amortization, Total	8.14B	6.29B	5.37B	5.16B	4.79B
(Gain) Loss From Sale Of Asset	25.33B	-4.84B	-16.04B	2.91B	3.56B
(Gain) Loss on Sale of Investments - (CF)	1.4B	6.7B	-1.22B	-1.64B	-363M
(Income) Loss On Equity Investments - (CF)	1.39B	70M	73M	46M	249M
Other Operating Activities, Total	157M	1.3B	-708M	-1.56B	-677M
Change In Accounts Receivable	540M	8.42B	1B	358M	-1.74B
Change In Inventories	4.92B	6.58B	3.4B	-3.65B	-7.85B
Change In Accounts Payable	-33M	-10.11B	-1.01B	3.08B	931M
Change in Other Net Operating Assets	3.73B	-8.47B	3.02B	-2.82B	-1.07B
Cash from Operations	8B	-19.61B	7.81B	5.68B	4B
Capital Expenditure	-5.7B	-4.25B	-2.93B	-2.16B	-1.97B
Sale of Property, Plant, and Equipment	4.06B	17.76B	32.27B	-	289M
Cash Acquisitions	-8.3B	-	-	-	-
Divestitures	-	-5.61B	-6.67B	7.64B	-
Investment in Marketable and Equity Securities, Total	1.41B	416M	700M	3.24B	-241M
Other Investing Activities, Total	-2.22B	-2.22B	-1.69B	-4.32B	-2.4B
Cash from Investing	-10.76B	6.09B	21.68B	4.39B	-4.32B
Short Term Debt Issued, Total	-	12.12B	-	-	3.2B
Long-Term Debt Issued, Total	16.3B	10.39B	-	-	9B
Total Debt Issued	16.3B	22.51B	-	-	12.2B
Short Term Debt Repaid, Total	-8.04B	-	-38.47B	-4.8B	-
Long-Term Debt Repaid, Total	-3.99B	-10.29B	-5.05B	-4.05B	-3.91B
Total Debt Repaid	-12.03B	-10.29B	-43.52B	-8.85B	-3.91B
Repurchase of Common Stock	-1.76B	-	-	-	-
Common & Preferred Stock Dividends Paid	-3.31B	-3.24B	-1.63B	-1.63B	-1.63B
Common & Preferred Stock Dividends Paid	-3.31B	-3.24B	-1.63B	-1.63B	-1.63B
Other Financing Activities, Total	-801M	-3.12B	8.98B	-1.48B	-6.4B
Cash from Financing	-1.6B	5.86B	-36.17B	-11.96B	263M
Foreign Exchange Rate Adjustments	-498M	52M	602M	475M	396M
Miscellaneous Cash Flow Adjustments	2.39B	102M	2M	2M	-
Net Change in Cash	-2.46B	-7.51B	-6.07B	-1.4B	337M
Supplemental Items
Cash Interest Paid	459M	421M	425M	414M	766M
Cash Income Tax Paid (Refund)	-176M	-1.13B	-472M	2.69B	776M
Levered Free Cash Flow	18.96B	-16.26B	11.64B	4.37B	928M
Unlevered Free Cash Flow	19.22B	-15.89B	11.89B	4.59B	1.49B
Change In Net Working Capital	-18.69B	4.66B	-10.12B	1.66B	8.37B
Net Debt Issued / Repaid	4.27B	12.22B	-43.52B	-8.85B	8.3B

Fiscal Period: February	2020	2021	2022	2023	2024
Profitability
Return on Assets	-0.73	-6.17	-0.38	2.06	4.26
Return on Total Capital	-0.97	-8.4	-0.5	2.79	5.77
Return On Equity %	-40.14	-29.53	12.71	3.83	8.09
Return on Common Equity	-41.85	-31.5	13.83	4.32	8.55
Margin Analysis
Gross Profit Margin %	45.39	40	52.01	54.95	55.78
SG&A Margin	43.87	49.52	50.14	49.5	47.73
EBITDA Margin %	2.05	-8.57	2.55	5.89	8.46
EBITA Margin %	-0.53	-11.73	-0.19	3.41	6.37
EBIT Margin %	-1.23	-12.18	-0.64	2.96	5.94
Income From Continuing Operations Margin %	-20.72	-13	5.16	1.77	3.63
Net Income Margin %	-21	-13.3	5.08	1.74	3.49
Net Avail. For Common Margin %	-21	-13.3	5.08	1.74	3.49
Normalized Net Income Margin	-1.15	-7.45	0.15	1.88	3.2
Levered Free Cash Flow Margin	7.64	-9.33	6.91	2.48	0.49
Unlevered Free Cash Flow Margin	7.74	-9.12	7.06	2.61	0.78
Asset Turnover
Asset Turnover	0.95	0.81	0.95	1.11	1.15
Fixed Assets Turnover	2.76	2.29	2.65	3.17	3.66
Receivables Turnover (Average Receivables)	9.93	8.07	10.55	12.81	13
Inventory Turnover (Average Inventory)	3.01	2.7	2.64	2.76	2.41
Short Term Liquidity
Current Ratio	0.98	0.81	1.09	1.17	1.18
Quick Ratio	0.5	0.39	0.52	0.51	0.48
Operating Cash Flow to Current Liabilities	0.07	-0.2	0.14	0.11	0.06
Days Sales Outstanding (Average Receivables)	36.85	45.23	34.59	28.5	28.16
Days Outstanding Inventory (Average Inventory)	121.49	135.35	138.13	132.42	152.07
Average Days Payable Outstanding	89.76	104.79	100	86.88	87.44
Cash Conversion Cycle (Average Days)	68.57	75.78	72.72	74.03	92.78
Long Term Solvency
Total Debt/Equity	75.09	154.1	51.34	37.67	49.35
Total Debt / Total Capital	42.89	60.65	33.92	27.36	33.04
LT Debt/Equity	22.6	47.13	20.78	14.76	18.44
Long-Term Debt / Total Capital	12.91	18.55	13.73	10.72	12.35
Total Liabilities / Total Assets	59.87	69.65	51.02	46.56