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[Delayed]FY02/21 Results Presentation Supplement
April 8, 2021
Consolidated Totals
FY02/21 Results
FY02/22 Forecasts
©Copyright ONWARD HOLDINGS CO.,LTD.
FY02/21 Consolidated Results
Consolidated Total | (Million yen) | ||||||||||||
1H | 2H | Full year | |||||||||||
FY02/21 | FY02/20 | Change | YoY | FY02/21 | FY02/20 | Change | YoY | FY02/21 | FY02/20 | Change | YoY | ||
Sales | 80,585 | 118,466 | -37,881 | 68.0% | 93,738 | 129,767 | -36,029 | 72.2% | 174,323 | 248,233 | -73,910 | 70.2% | |
Gross Profit | 33,878 | 54,307 | -20,429 | 62.4% | 35,844 | 58,376 | -22,532 | 61.4% | 69,722 | 112,683 | -42,961 | 61.9% | |
(% of Sales) | 42.0% | 45.8% | -3.8% | 38.2% | 45.0% | -6.8% | 40.0% | 45.4% | -5.4% | ||||
SG&A Expenses | 45,365 | 55,168 | -9,803 | 82.2% | 45,587 | 60,576 | -14,989 | 75.3% | 90,952 | 115,744 | -24,792 | 78.6% | |
(% of Sales) | 56.3% | 46.6% | +9.7% | 48.6% | 46.7% | +1.9% | 52.2% | 46.6% | +5.6% | ||||
Operating Profit | -11,487 | -861 | -10,626 | - | -9,743 | -2,200 | -7,543 | - | -21,230 | -3,061 | -18,169 | - | |
(% of Sales) | - | - | - | - | - | - | |||||||
Recurring Profit | -11,454 | -817 | -10,637 | - | -8,720 | -3,018 | -5,702 | - | -20,174 | -3,835 | -16,339 | - | |
Net Income | -15,188 | -24,432 | +9,244 | - | -7,993 | -27,703 | +19,710 | - | -23,181 | -52,135 | +28,954 | - | |
EBITDA | -8,573 | 3,782 | -12,355 | - | -6,770 | 1,297 | -8,067 | - | -15,343 | 5,079 | -20,422 | - | |
Note: EBITDA = operating profit + depreciation and amortization
©Copyright ONWARD HOLDINGS CO.,LTD. 1
FY02/21 Consolidated Results
In FY02/21, sales fell 30% YoY, with an operating loss of approximately 21.2 billion yen and a net loss of approximately 23.2 billion yen, due mainly to the issuance of two states of emergency in Japan and prolonged lockdowns overseas.
E-commerce sales grew substantially to about 41.6 billion yen, up 26% YoY, but this was not enough to offset the significant decline in sales at physical stores. The breakdown of domestic sales by sales channel was 33% for e-commerce, 29% for department stores, and 38% for shopping centers and others.
The Company made steady progress with its global business reforms kicked off in October 2019, withdrawing from the Italy and Korea businesses and closing about 1,700 unprofitable stores. The business reforms are expected to boost operating profit by a total of 20 billion yen.
©Copyright ONWARD HOLDINGS CO.,LTD. 2
FY02/22 Full-Year Consolidated Forecast
Consolidated Total | (Million yen) | |||||||||||||
1H | 2H | Full year | ||||||||||||
FY02/22 | FY02/21 | Change | YoY | FY02/22 | FY02/21 | Change | YoY | FY02/22 | FY02/21 | Change | YoY | |||
Sales | 89,300 | 80,585 | +8,715 | 110.8% | 101,200 | 93,738 | +7,462 | 108.0% | 190,500 | 174,323 | +16,177 | 109.3% | ||
Gross Profit | 45,800 | 33,878 | +11,922 | 135.2% | 55,400 | 35,844 | +19,556 | 154.6% | 101,200 | 69,722 | +31,478 | 145.1% | ||
(% of Sales) | 51.3% | 42.0% | +9.3% | 54.7% | 38.2% | +16.5% | 53.1% | 40.0% | +13.1% | |||||
SG&A Expenses | 48,800 | 45,365 | +3,435 | 107.6% | 49,200 | 45,587 | +3,613 | 107.9% | 98,000 | 90,952 | +7,048 | 107.7% | ||
(% of Sales) | 54.6% | 56.3% | -1.7% | 48.6% | 48.6% | ±0.0% | 51.4% | 52.2% | -0.8% | |||||
Operating Profit | -3,000 | -11,487 | +8,487 | - | 6,200 | -9,743 | +15,943 | - | 3,200 | -21,230 | +24,430 | - | ||
(% of Sales) | - | - | 6.1% | - | 1.7% | - | ||||||||
Recurring Profit | -3,000 | -11,454 | +8,454 | - | 6,000 | -8,720 | +14,720 | - | 3,000 | -20,174 | +23,174 | - | ||
Net Income | 2,200 | -15,188 | +17,388 | - | 4,100 | -7,993 | +12,093 | - | 6,300 | -23,181 | +29,481 | - | ||
EBITDA | 200 | -8,573 | +8,773 | - | 9,100 | -6,770 | +15,870 | - | 9,300 | -15,343 | +24,643 | - | ||
Note: Early adoption of new revenue recognition standard in FY02/22; Refer to page 11.
Note: EBITDA = operating profit + depreciation and amortization
©Copyright ONWARD HOLDINGS CO.,LTD. 3
FY02/22 Full-Year Consolidated Forecast
In FY02/22, the Company plans to utilize new sales methods that integrate physical stores with e-commerce and implement initiatives to advance the customization field in the Apparel business. In addition, we will step up group synergies in the Lifestyle business, including by leveraging loyalty card membership programs. As a result, we forecast full-year consolidated sales of approximately 190.5 billion yen (up 9% YoY). We are targeting e-commerce sales of 50 billion yen for the entire group.
We expect gross profit margin to improve 13pp YoY by leveraging products with lost sales opportunities in FY02/21, conducting thorough inventory control, and curbing discount sales.
As a result, we forecast operating profit of 3.2 billion yen and net income of approximately 6.3 billion yen.
©Copyright ONWARD HOLDINGS CO.,LTD. 4
Onward Kashiyama (Nonconsolidated)
Domestic Total
Overseas Total
FY02/21 Results
FY02/22 Forecasts
©Copyright ONWARD HOLDINGS CO.,LTD.
FY02/21 Results: Onward Kashiyama (Nonconsolidated)
Onward Kashiyama (Nonconsolidated) | (Million yen) | ||||||||||||||||||
1H | 2H | Full year | |||||||||||||||||
FY02/21 | FY02/20 | Change | YoY | FY02/21 | FY02/20 | Change | YoY | FY02/21 | FY02/20 | Change | YoY | ||||||||
Sales | 36,680 | 62,134 | -25,454 | 59.0% | 42,435 | 65,963 | -23,528 | 64.3% | 79,115 | 128,097 | -48,982 | 61.8% | |||||||
Gross Profit | 16,908 | 31,261 | -14,353 | 54.1% | 18,306 | 32,527 | -14,221 | 56.3% | 35,214 | 63,788 | -28,574 | 55.2% | |||||||
(% of Sales) | 46.1% | 50.3% | -4.2% | 43.1% | 49.3% | -6.2% | 44.5% | 49.8% | -5.3% | ||||||||||
SG&A Expenses | 23,311 | 28,844 | -5,533 | 80.8% | 21,672 | 27,939 | -6,267 | 77.6% | 44,983 | 56,783 | -11,800 | 79.2% | |||||||
(% of Sales) | 63.6% | 46.4% | +17.2% | 51.1% | 42.4% | +8.7% | 56.9% | 44.3% | +12.6% | ||||||||||
Operating Profit | -6,403 | 2,417 | -8,820 | - | -3,366 | 4,588 | -7,954 | - | -9,769 | 7,005 | -16,774 | - | |||||||
(% of Sales) | - | 3.9% | - | 7.0% | - | 5.5% | |||||||||||||
©Copyright ONWARD HOLDINGS CO.,LTD. 5
FY02/22 Forecasts: Onward Kashiyama (Nonconsolidated)
Onward Kashiyama (Nonconsolidated) | (Million yen) | |||||||||||||
1H | 2H | Full year | ||||||||||||
FY02/22 | FY02/21 | Change | YoY | FY02/22 | FY02/21 | Change | YoY | FY02/22 | FY02/21 | Change | YoY | |||
Sales | 48,400 | 36,680 | +11,720 | 132.0% | 57,300 | 42,435 | +14,865 | 135.0% | 105,700 | 79,115 | +26,585 | 133.6% | ||
Gross Profit | 26,900 | 16,908 | +9,992 | 159.1% | 33,100 | 18,306 | +14,794 | 180.8% | 60,000 | 35,214 | +24,786 | 170.4% | ||
(% of Sales) | 55.6% | 46.1% | +9.5% | 57.8% | 43.1% | +14.7% | 56.8% | 44.5% | +12.3% | |||||
SG&A Expenses | 28,000 | 23,311 | +4,689 | 120.1% | 28,300 | 21,672 | +6,628 | 130.6% | 56,300 | 44,983 | +11,317 | 125.2% | ||
(% of Sales) | 57.9% | 63.6% | -5.7% | 49.4% | 51.1% | -1.7% | 53.3% | 56.9% | -3.6% | |||||
Operating Profit | -1,100 | -6,403 | +5,303 | - | 4,800 | -3,366 | +8,166 | - | 3,700 | -9,769 | +13,469 | - | ||
(% of Sales) | - | - | 8.4% | - | 3.5% | - | ||||||||
Note: Early adoption of new revenue recognition standard in FY02/22
©Copyright ONWARD HOLDINGS CO.,LTD. 6
FY02/21 Results: Domestic Total (Excl. Onward Kashiyama)
Domestic Total (Excl. Onward Kashiyama) | (Million yen) | ||||||||||||||||||
1H | 2H | Full year | |||||||||||||||||
FY02/21 | FY02/20 | Change | YoY | FY02/21 | FY02/20 | Change | YoY | FY02/21 | FY02/20 | Change | YoY | ||||||||
Sales | 32,170 | 33,631 | -1,461 | 95.7% | 34,828 | 40,938 | -6,110 | 85.1% | 66,998 | 74,569 | -7,571 | 89.8% | |||||||
Gross Profit | 14,709 | 15,269 | -560 | 96.3% | 15,927 | 17,971 | -2,044 | 88.6% | 30,636 | 33,240 | -2,604 | 92.2% | |||||||
(% of Sales) | 45.7% | 45.4% | +0.3% | 45.7% | 43.9% | +1.8% | 45.7% | 44.6% | +1.1% | ||||||||||
SG&A Expenses | 14,460 | 13,729 | +731 | 105.3% | 15,792 | 18,287 | -2,495 | 86.4% | 30,252 | 32,016 | -1,764 | 94.5% | |||||||
(% of Sales) | 44.9% | 40.8% | +4.1% | 45.3% | 44.7% | +0.6% | 45.2% | 42.9% | +2.3% | ||||||||||
Operating Profit | 249 | 1,540 | -1,291 | 16.2% | 135 | -316 | +451 | - | 384 | 1,224 | -840 | 31.4% | |||||||
(% of Sales) | 0.8% | 4.6% | -3.8% | 0.4% | - | 0.6% | 1.6% | -1.1% | |||||||||||
Note: Simple sum of domestic group companies excluding Onward Kashiyama
©Copyright ONWARD HOLDINGS CO.,LTD. 7
FY02/22 Forecasts: Domestic Total (Excl. Onward Kashiyama)
Domestic Total (Excl. Onward Kashiyama) | (Million yen) | ||||||||||||
1H | 2H | Full year | |||||||||||
FY02/22 | FY02/21 | Change | YoY | FY02/22 | FY02/21 | Change | YoY | FY02/22 | FY02/21 | Change | YoY | ||
Sales | 35,300 | 32,170 | +3,130 | 109.7% | 39,100 | 34,828 | +4,272 | 112.3% | 74,400 | 66,998 | +7,402 | 111.0% | |
Gross Profit | 17,900 | 14,709 | +3,191 | 121.7% | 20,100 | 15,927 | +4,173 | 126.2% | 38,000 | 30,636 | +7,364 | 124.0% | |
(% of Sales) | 50.7% | 45.7% | +5.0% | 51.4% | 45.7% | +5.7% | 51.1% | 45.7% | +5.4% | ||||
SG&A Expenses | 16,300 | 14,460 | +1,840 | 112.7% | 17,100 | 15,792 | +1,308 | 108.3% | 33,400 | 30,252 | +3,148 | 110.4% | |
(% of Sales) | 46.2% | 44.9% | +1.3% | 43.7% | 45.3% | -1.6% | 44.9% | 45.2% | -0.3% | ||||
Operating Profit | 1,600 | 249 | +1,351 | 642.6% | 3,000 | 135 | +2,865 | 2222.2% | 4,600 | 384 | +4,216 | 1197.9% | |
(% of Sales) | 4.5% | 0.8% | 3.7% | 7.7% | 0.4% | 7.3% | 6.2% | 0.6% | 5.6% | ||||
Note: Early adoption of new revenue recognition standard in FY02/22
Note: Simple sum of domestic group companies excluding Onward Kashiyama
©Copyright ONWARD HOLDINGS CO.,LTD. 8
FY02/21 Results: Overseas Total
Overseas Total | (Million yen) | ||||||||||||||||||
1H | 2H | Full year | |||||||||||||||||
FY02/21 | FY02/20 | Change | YoY | FY02/21 | FY02/20 | Change | YoY | FY02/21 | FY02/20 | Change | YoY | ||||||||
Sales | 17,190 | 27,098 | -9,908 | 63.4% | 22,321 | 29,010 | -6,689 | 76.9% | 39,511 | 56,108 | -16,597 | 70.4% | |||||||
Gross Profit | 5,097 | 9,576 | -4,479 | 53.2% | 4,411 | 10,059 | -5,648 | 43.9% | 9,508 | 19,635 | -10,127 | 48.4% | |||||||
(% of Sales) | 29.7% | 35.3% | -5.6% | 19.8% | 34.7% | -14.9% | 24.1% | 35.0% | -10.9% | ||||||||||
SG&A Expenses | 7,900 | 11,309 | -3,409 | 69.9% | 8,379 | 13,772 | -5,393 | 60.8% | 16,279 | 25,081 | -8,802 | 64.9% | |||||||
(% of Sales) | 46.0% | 41.7% | +4.3% | 37.5% | 47.5% | -10.0% | 41.2% | 44.7% | -3.5% | ||||||||||
Operating Profit | -2,803 | -1,733 | -1,070 | - | -3,968 | -3,713 | -255 | - | -6,771 | -5,446 | -1,325 | - | |||||||
(% of Sales) | - | - | - | - | - | - | |||||||||||||
Note: Simple sum |
©Copyright ONWARD HOLDINGS CO.,LTD. 9
FY02/22 Forecasts: Overseas Total
Overseas Total | (Million yen) | ||||||||||||
1H | 2H | Full year | |||||||||||
FY02/22 | FY02/21 | Change | YoY | FY02/22 | FY02/21 | Change | YoY | FY02/22 | FY02/21 | Change | YoY | ||
Sales | 10,400 | 17,190 | -6,790 | 60.5% | 9,900 | 22,321 | -12,421 | 44.4% | 20,300 | 39,511 | -19,211 | 51.4% | |
Gross Profit | 4,100 | 5,097 | -997 | 80.4% | 5,000 | 4,411 | +589 | 113.4% | 9,100 | 9,508 | -408 | 95.7% | |
(% of Sales) | 39.4% | 29.7% | +9.7% | 50.5% | 19.8% | +30.7% | 44.8% | 24.1% | +20.7% | ||||
SG&A Expenses | 6,000 | 7,900 | -1,900 | 75.9% | 5,200 | 8,379 | -3,179 | 62.1% | 11,200 | 16,279 | -5,079 | 68.8% | |
(% of Sales) | 57.7% | 46.0% | +11.7% | 52.5% | 37.5% | +15.0% | 55.2% | 41.2% | +14.0% | ||||
Operating Profit | -1,900 | -2,803 | +903 | - | -200 | -3,968 | +3,768 | - | -2,100 | -6,771 | +4,671 | - | |
(% of Sales) | - | - | - | - | - | - | |||||||
Note: Early adoption of new revenue recognition standard in FY02/22
Note: Simple sum
©Copyright ONWARD HOLDINGS CO.,LTD. 10
Early Adoption of New Revenue Recognition Standard
The new revenue recognition standard will be mandatorily applied for all
companies from fiscal years beginning on or after April 1, 2021. The Group will adopt the new revenue recognition standard early starting in FY02/22.
Key impact of the new revenue recognition standard on the Group
For consignment transactions with department stores, retail sales will be recorded as sales and rent equivalents will be recorded as SG&A expenses, whereas previously the net amount after deducting rent equivalents was recorded as sales.
Loyalty point usage fees, which were previously included in SG&A expenses, will be excluded from sales.
As a result of the above changes, consolidated sales and gross profit are expected to increase by approximately 9 billion yen, but operating profit will not be affected as SG&A expenses will also increase.
The early adoption of the new revenue recognition standard will unify the sales recognition standards that previously differed by sales channel.
©Copyright ONWARD HOLDINGS CO.,LTD. 11
Financial Situation
©Copyright ONWARD HOLDINGS CO.,LTD.
FY02/21 Financial Situation
Fundraising We have concluded a commitment line agreement for 20 billion yen to secure backup fundraising capacity against the prolonged impact of COVID-19. This boosts our total fundraising capacity to 50 billion yen.
Capex and Depreciation | (Million yen) | |||||
FY02/22 Forecasts | FY02/21 | FY02/20 | FY02/19 | |||
Capex | 5,980 | 6,501 | 9,533 | 13,472 | ||
Depreciation | 5,540 | 5,506 | 6,392 | 6,510 | ||
- Cash and Deposits, Loans Payable
FY02/21 | FY02/20 | FY02/19 | |
Cash and Deposits | 21,301 | 28,795 | 31,284 |
Loans Payable | 78,048 | 66,387 | 61,392 |
(Change in loans payable from period start) | +11,661 | +4,995 | +19,242 |
Net Cash | -56,747 | -37,592 | -30,108 |
©Copyright ONWARD HOLDINGS CO.,LTD. 12
FY02/21 Financial Situation
EBITDA | (Million yen) | |||
FY02/21 | FY02/20 | FY02/19 | ||
EBITDA | -15,343 | 5,079 | 13,273 | |
Consolidated Balance Sheet | ||||
FY02/21 | FY02/20 | FY02/19 | ||
Total Assets | 196,052 | 234,316 | 287,554 | |
Net Assets | 59,509 | 94,036 | 162,210 | |
Shareholders' Equity Ratio | 29% | 38% | 55% | |
Reference: Shareholders' equity was 56,723 million yen at end-FY02/21, 89,812 million yen at end-FY02/20, and 158,315 million yen at end-FY02/19.
Shareholder Returns | FY02/21 | FY02/20 | FY02/19 | |
Dividend Per Share (Yen) | 12 | 24 | 24 | |
Dividend Payout Ratio | - | - | 66.9% | |
Dividend Yield | 4.8% | 4.6% | 3.8% | |
©Copyright ONWARD HOLDINGS CO.,LTD. 13
DATA BOOK
©Copyright ONWARD HOLDINGS CO.,LTD.
DATA BOOK FY02/21 Segment Results
(Million yen)
1H | 2H | Full year | |||||||||||||
FY02/21 | FY02/20 | Change | YoY | FY02/21 | FY02/20 | Change | YoY | FY02/21 | FY02/20 | Change | YoY | ||||
D | Apparel | Sales | 49,175 | 75,495 | -26,320 | 65.1% | 54,473 | 83,460 | -28,987 | 65.3% | 103,648 | 158,955 | -55,307 | 65.2% | |
Operating Profit | -8,268 | 1,351 | -9,619 | - | -5,399 | 1,164 | -6,563 | - | -13,667 | 2,515 | -16,182 | - | |||
o | |||||||||||||||
m | |||||||||||||||
Sales | 15,059 | 17,889 | -2,830 | 84.2% | 17,820 | 18,630 | -810 | 95.7% | 32,879 | 36,519 | -3,640 | 90.0% | |||
e | Lifestyle | ||||||||||||||
s | Operating Profit | 252 | 966 | -714 | 26.1% | 770 | 749 | +21 | 102.8% | 1,022 | 1,715 | -693 | 59.6% | ||
t | |||||||||||||||
i | Sales | 64,234 | 93,384 | -29,150 | 68.8% | 72,293 | 102,090 | -29,797 | 70.8% | 136,527 | 195,474 | -58,947 | 69.8% | ||
c | Domestic Total | ||||||||||||||
Operating Profit | -8,016 | 2,317 | -10,333 | - | -4,629 | 1,913 | -6,542 | - | -12,645 | 4,230 | -16,875 | - | |||
O | Apparel | Sales | 14,897 | 21,920 | -7,023 | 68.0% | 20,877 | 24,390 | -3,513 | 85.6% | 35,774 | 46,310 | -10,536 | 77.2% | |
Operating Profit | -2,831 | -2,006 | -825 | - | -3,667 | -3,934 | +267 | - | -6,498 | -5,940 | -558 | - | |||
v | |||||||||||||||
e | Sales | 1,454 | 3,162 | -1,708 | 46.0% | 568 | 3,287 | -2,719 | 17.3% | 2,022 | 6,449 | -4,427 | 31.4% | ||
r | Lifestyle | ||||||||||||||
s | Operating Profit | -289 | 35 | -324 | - | -586 | -197 | -389 | - | -875 | -162 | -713 | - | ||
e | |||||||||||||||
a | Sales | 16,351 | 25,082 | -8,731 | 65.2% | 21,445 | 27,677 | -6,232 | 77.5% | 37,796 | 52,759 | -14,963 | 71.6% | ||
s | Overseas Total | ||||||||||||||
Operating Profit | -3,120 | -1,971 | -1,149 | - | -4,253 | -4,131 | -122 | - | -7,373 | -6,102 | -1,271 | - | |||
Consolidated Total | Sales | 80,585 | 118,466 | -37,881 | 68.0% | 93,738 | 129,767 | -36,029 | 72.2% | 174,323 | 248,233 | -73,910 | 70.2% | ||
Operating Profit | -11,487 | -861 | -10,626 | - | -9,743 | -2,200 | -7,543 | - | -21,230 | -3,061 | -18,169 | - | |||
Note: Full-Year represents December through November for European companies and January through December for North American and Asian companies.
©Copyright ONWARD HOLDINGS CO.,LTD. 14
DATA BOOK FY02/22 Segment Forecasts
(Million yen)
1H | 2H | Full year | |||||||||||||
FY02/22 | FY02/21 | Change | YoY | FY02/22 | FY02/21 | Change | YoY | FY02/22 | FY02/21 | Change | YoY | ||||
D | Apparel | Sales | 61,774 | 49,175 | +12,599 | 125.6% | 72,609 | 54,473 | +18,136 | 133.3% | 134,383 | 103,648 | +30,735 | 129.7% | |
Operating Profit | -2,496 | -8,268 | +5,772 | - | 4,533 | -5,399 | +9,932 | - | 2,037 | -13,667 | +15,704 | - | |||
o | |||||||||||||||
m | Sales | 18,000 | 15,059 | +2,941 | 119.5% | 19,637 | 17,820 | +1,817 | 110.2% | 37,637 | 32,879 | +4,758 | 114.5% | ||
e | Lifestyle | ||||||||||||||
s | Operating Profit | 1,683 | 252 | +1,431 | 667.9% | 1,948 | 770 | +1,178 | 253.0% | 3,631 | 1,022 | +2,609 | 355.3% | ||
t | |||||||||||||||
i | Sales | 79,774 | 64,234 | +15,540 | 124.2% | 92,246 | 72,293 | +19,953 | 127.6% | 172,020 | 136,527 | +35,493 | 126.0% | ||
c | Domestic Total | ||||||||||||||
Operating Profit | -813 | -8,016 | +7,203 | - | 6,481 | -4,629 | +11,110 | - | 5,668 | -12,645 | +18,313 | - | |||
O | Apparel | Sales | 8,560 | 14,897 | -6,337 | 57.5% | 6,752 | 20,877 | -14,125 | 32.3% | 15,312 | 35,774 | -20,462 | 42.8% | |
Operating Profit | -1,311 | -2,831 | +1,520 | - | -51 | -3,667 | +3,616 | - | -1,362 | -6,498 | +5,136 | - | |||
v | |||||||||||||||
e | Sales | 966 | 1,454 | -488 | 66.4% | 2,202 | 568 | +1,634 | 387.7% | 3,168 | 2,022 | +1,146 | 156.7% | ||
r | Lifestyle | ||||||||||||||
s | Operating Profit | -880 | -289 | -591 | - | -544 | -586 | +42 | - | -1,424 | -875 | -549 | - | ||
e | |||||||||||||||
a | Sales | 9,526 | 16,351 | -6,825 | 58.3% | 8,954 | 21,445 | -12,491 | 41.8% | 18,480 | 37,796 | -19,316 | 48.9% | ||
s | Overseas Total | ||||||||||||||
Operating Profit | -2,191 | -3,120 | +929 | - | -595 | -4,253 | +3,658 | - | -2,786 | -7,373 | +4,587 | - | |||
Consolidated Total | Sales | 89,300 | 80,585 | +8,715 | 110.8% | 101,200 | 93,738 | +7,462 | 108.0% | 190,500 | 174,323 | +16,177 | 109.3% | ||
Operating Profit | -3,000 | -11,487 | +8,487 | - | 6,200 | -9,743 | +15,943 | - | 3,200 | -21,230 | +24,430 | - | |||
Note: Early adoption of new revenue recognition standard in FY02/22
Note: Full-Year represents December through November for European companies and January through December for North American and Asian companies.
©Copyright ONWARD HOLDINGS CO.,LTD. 15
DATA BOOK FY02/21 Group Company Results
(Million yen) | |||||||||||||||||||||
1H | 2H | Full year | |||||||||||||||||||
Sales | Operating Profit | Sales | Operating Profit | Sales | Operating Profit | ||||||||||||||||
FY02/21 | FY02/20 | Change | FY02/21 | FY02/20 | Change | FY02/21 | FY02/20 | Change | FY02/21 | FY02/20 | Change | FY02/21 | FY02/20 | Change | FY02/21 | FY02/20 | Change | ||||
Onward Kashiyama | 36,680 | 62,134 | -25,454 | -6,403 | 2,417 | -8,820 | 42,435 | 65,963 | -23,528 | -3,366 | 4,588 | -7,954 | 79,115 | 128,097 | -48,982 | -9,769 | 7,005 | -16,774 | |||
(Nonconsolidated) | |||||||||||||||||||||
Onward Trading | 8,781 | 7,711 | +1,070 | 1,450 | 619 | +831 | 7,085 | 9,541 | -2,456 | 188 | 825 | -637 | 15,866 | 17,252 | -1,386 | 1,638 | 1,444 | +194 | |||
D | Island | 2,307 | 3,927 | -1,620 | -413 | 140 | -553 | 3,067 | 4,225 | -1,158 | 169 | 155 | +14 | 5,374 | 8,152 | -2,778 | -244 | 295 | -539 | ||
o | |||||||||||||||||||||
m | Chacott | 2,950 | 5,759 | -2,809 | -632 | 608 | -1,240 | 4,199 | 5,088 | -889 | -216 | -29 | -187 | 7,149 | 10,847 | -3,698 | -848 | 579 | -1,427 | ||
e | |||||||||||||||||||||
s | Creative Yoko | 2,104 | 2,797 | -693 | -36 | 41 | -77 | 2,941 | 3,079 | -138 | 257 | 180 | +77 | 5,045 | 5,876 | -831 | 221 | 221 | ±0 | ||
t | |||||||||||||||||||||
i | |||||||||||||||||||||
c | Yamato | 8,956 | 7,828 | +1,128 | 484 | 235 | +249 | 9,351 | 8,795 | +556 | 311 | 401 | -90 | 18,307 | 16,623 | +1,684 | 795 | 636 | +159 | ||
Other | 7,072 | 5,609 | +1,463 | -604 | -103 | -501 | 8,185 | 10,210 | -2,025 | -574 | -1,848 | +1,274 | 15,257 | 15,819 | -562 | -1,178 | -1,951 | +773 | |||
Domestic Total | 32,170 | 33,631 | -1,461 | 249 | 1,540 | -1,291 | 34,828 | 40,938 | -6,110 | 135 | -316 | +451 | 66,998 | 74,569 | -7,571 | 384 | 1,224 | -840 | |||
Europe | 13,334 | 20,428 | -7,094 | -2,557 | -1,657 | -900 | 19,390 | 21,723 | -2,333 | -2,968 | -2,996 | +28 | 32,724 | 42,151 | -9,427 | -5,525 | -4,653 | -872 | |||
O | North America | 189 | 305 | -116 | -258 | -236 | -22 | 227 | 370 | -143 | -331 | -263 | -68 | 416 | 675 | -259 | -589 | -499 | -90 | ||
v | |||||||||||||||||||||
e | Asia | 2,181 | 3,173 | -992 | 170 | 34 | +136 | 2,085 | 3,580 | -1,495 | -308 | -354 | +46 | 4,266 | 6,753 | -2,487 | -138 | -320 | +182 | ||
r | |||||||||||||||||||||
s | Resort | 1,033 | 2,230 | -1,197 | 115 | 190 | -75 | 37 | 2,271 | -2,234 | -226 | -29 | -197 | 1,070 | 4,501 | -3,431 | -111 | 161 | -272 | ||
e | |||||||||||||||||||||
a | |||||||||||||||||||||
s | Other | 453 | 962 | -509 | -273 | -64 | -209 | 582 | 1,066 | -484 | -135 | -71 | -64 | 1,035 | 2,028 | -993 | -408 | -135 | -273 | ||
Overseas Total | 17,190 | 27,098 | -9,908 | -2,803 | -1,733 | -1,070 | 22,321 | 29,010 | -6,689 | -3,968 | -3,713 | -255 | 39,511 | 56,108 | -16,597 | -6,771 | -5,446 | -1,325 | |||
Consolidated Total | 80,585 | 118,466 | -37,881 | -11,487 | -861 | -10,626 | 93,738 | 129,767 | -36,029 | -9,743 | -2,200 | -7,543 | 174,323 | 248,233 | -73,910 | -21,230 | -3,061 | -18,169 | |||
Note: The group breakdown is calculated using simple sums. Consolidated totals are after eliminating intergroup transactions.
©Copyright ONWARD HOLDINGS CO.,LTD. 16
DATA BOOK FY02/21 Sales by Sales Channel
(Million yen) | |||||||||
Full-Year FY02/21 | Department | Shopping Centers | Physical Stores | Directly Managed | Other E-Commerce | E-Commerce | Total Sales | E-Commerce | Directly Managed |
Stores | and Other | Total | E-Commerce | Platforms | Total | Ratio | E-Commerce Ratio | ||
Onward Kashiyama | 26,938 | 23,819 | 50,757 | 26,466 | 1,892 | 28,358 | 79,115 | 35.8% | 93.3% | |
% of sales | 34.0% | 30.1% | 64.2% | 33.5% | 2.4% | 35.8% | 100.0% | |||
YoY | 43.0% | 54.3% | 47.6% | 135.4% | 95.3% | 131.7% | 61.8% | |||
Nine Domestic Group Companies | 8,442 | 22,477 | 30,919 | 9,260 | 2,346 | 11,606 | 42,525 | 27.3% | 79.8% | |
Using E-Commerce | ||||||||||
Total of Domestic Group | 35,380 | 46,296 | 81,676 | 35,726 | 4,238 | 39,964 | 121,640 | 32.9% | 89.4% | |
Companies Using E-Commerce* | ||||||||||
% of sales | 29.1% | 38.1% | 67.1% | 29.4% | 3.5% | 32.9% | 100.0% | |||
YoY | 49.0% | 61.4% | 55.3% | 131.1% | 103.2% | 127.5% | 68.0% | |||
Consolidated Total (after | 132,739 | 41,584 | 174,323 | |||||||
eliminating intergroup transactions) | ||||||||||
Note: Group Companies Using E-Commerce refers to domestic group companies that operate e-commerce sites. | ||||||||||
Note: Consolidated totals are after eliminating intergroup transactions. |
Number of Loyalty Card Members | ||
End-FY02/19: 2.7 million | End-FY02/20: 3.2 million | End-FY02/21: 3.6 million |
©Copyright ONWARD HOLDINGS CO.,LTD. 17
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 in this presentation and may make revisions without prior notice. Onward Holdings and the providers of this information assume no responsibility whatsoever for any losses incurred in association with this information.
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Onward Holdings Co. Ltd. published this content on 06 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 19:14:10 UTC.