Onward Holdings（8016）株式概要株式会社オンワードホールディングスは、その子会社とともに、日本および世界で紳士・婦人・子供服の企画・製造・販売を行っている。 詳細8016 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長2/6過去の実績3/6財務の健全性5/6配当金4/6報酬株価収益率（ 9.7 x） JP市場（ 14 x）を下回っています。収益は年間9.15%増加すると予測されています 過去1年間で収益は23.9%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析財務結果に影響を与える大きな一時的項目 4.25%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る8016 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW475,322 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA475,322 investors already sharing narrativesYour Fair ValueJP¥Current PriceJP¥769.0013.1% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-56b313b2016201920222025202620282031Revenue JP¥313.3bEarnings JP¥14.2bAdvancedSet Fair ValueView all narrativesOnward Holdings Co., Ltd. 競合他社TSI HoldingsLtdSymbol: TSE:3608Market cap: JP¥67.6bSanyo ShokaiSymbol: TSE:8011Market cap: JP¥50.8bWacoal HoldingsSymbol: TSE:3591Market cap: JP¥216.8bYondoshi HoldingsSymbol: TSE:8008Market cap: JP¥43.8b価格と性能株価の高値、安値、推移の概要Onward Holdings過去の株価現在の株価JP¥776.0052週高値JP¥842.0052週安値JP¥622.00ベータ0.511ヶ月の変化3.74%3ヶ月変化4.02%1年変化22.59%3年間の変化40.58%5年間の変化160.40%IPOからの変化-54.88%最新ニュースReported Earnings • Jul 11First quarter 2027 earnings released: EPS: JP¥37.08 (vs JP¥31.46 in 1Q 2026)First quarter 2027 results: EPS: JP¥37.08 (up from JP¥31.46 in 1Q 2026). Revenue: JP¥63.5b (up 5.5% from 1Q 2026). Net income: JP¥5.04b (up 18% from 1Q 2026). Profit margin: 7.9% (up from 7.1% in 1Q 2026). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jun 12Final dividend of JP¥16.00 announcedShareholders will receive a dividend of JP¥16.00. Ex-date: 28th August 2026 Payment date: 10th November 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (158% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 02Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥74.26 (up from JP¥62.74 in FY 2025). Revenue: JP¥236.8b (up 14% from FY 2025). Net income: JP¥10.1b (up 19% from FY 2025). Profit margin: 4.3% (up from 4.1% in FY 2025). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.お知らせ • May 23Onward Holdings Co., Ltd. to Report Q1, 2027 Results on Jul 09, 2026Onward Holdings Co., Ltd. announced that they will report Q1, 2027 results on Jul 09, 2026Major Estimate Revision • May 21Consensus EPS estimates increase by 25%The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate increased from JP¥67.60 to JP¥84.50. Revenue forecast steady at JP¥247.6b. Net income forecast to grow 14% next year vs 12% growth forecast for Luxury industry in Japan. Consensus price target of JP¥920 unchanged from last update. Share price rose 2.4% to JP¥756 over the past week.分析記事 • Apr 16We Think That There Are Issues Underlying Onward Holdings' (TSE:8016) EarningsOnward Holdings Co., Ltd. ( TSE:8016 ) just reported some strong earnings, and the market reacted accordingly with a...最新情報をもっと見るRecent updatesReported Earnings • Jul 11First quarter 2027 earnings released: EPS: JP¥37.08 (vs JP¥31.46 in 1Q 2026)First quarter 2027 results: EPS: JP¥37.08 (up from JP¥31.46 in 1Q 2026). Revenue: JP¥63.5b (up 5.5% from 1Q 2026). Net income: JP¥5.04b (up 18% from 1Q 2026). Profit margin: 7.9% (up from 7.1% in 1Q 2026). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jun 12Final dividend of JP¥16.00 announcedShareholders will receive a dividend of JP¥16.00. Ex-date: 28th August 2026 Payment date: 10th November 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (158% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 02Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥74.26 (up from JP¥62.74 in FY 2025). Revenue: JP¥236.8b (up 14% from FY 2025). Net income: JP¥10.1b (up 19% from FY 2025). Profit margin: 4.3% (up from 4.1% in FY 2025). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.お知らせ • May 23Onward Holdings Co., Ltd. to Report Q1, 2027 Results on Jul 09, 2026Onward Holdings Co., Ltd. announced that they will report Q1, 2027 results on Jul 09, 2026Major Estimate Revision • May 21Consensus EPS estimates increase by 25%The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate increased from JP¥67.60 to JP¥84.50. Revenue forecast steady at JP¥247.6b. Net income forecast to grow 14% next year vs 12% growth forecast for Luxury industry in Japan. Consensus price target of JP¥920 unchanged from last update. Share price rose 2.4% to JP¥756 over the past week.分析記事 • Apr 16We Think That There Are Issues Underlying Onward Holdings' (TSE:8016) EarningsOnward Holdings Co., Ltd. ( TSE:8016 ) just reported some strong earnings, and the market reacted accordingly with a...Reported Earnings • Apr 10Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥74.26 (up from JP¥62.74 in FY 2025). Revenue: JP¥236.8b (up 14% from FY 2025). Net income: JP¥10.1b (up 19% from FY 2025). Profit margin: 4.3% (up from 4.1% in FY 2025). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 28% per year.お知らせ • Apr 09Onward Holdings Co., Ltd., Annual General Meeting, May 28, 2026Onward Holdings Co., Ltd., Annual General Meeting, May 28, 2026.お知らせ • Apr 02Onward Holdings Co., Ltd. to Report Fiscal Year 2026 Results on Apr 09, 2026Onward Holdings Co., Ltd. announced that they will report fiscal year 2026 results on Apr 09, 2026Upcoming Dividend • Feb 19Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).Reported Earnings • Jan 09Third quarter 2026 earnings released: EPS: JP¥20.68 (vs JP¥12.32 in 3Q 2025)Third quarter 2026 results: EPS: JP¥20.68 (up from JP¥12.32 in 3Q 2025). Revenue: JP¥62.1b (up 13% from 3Q 2025). Net income: JP¥2.81b (up 68% from 3Q 2025). Profit margin: 4.5% (up from 3.0% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 35% per year.Declared Dividend • Nov 11First half dividend of JP¥16.00 announcedShareholders will receive a dividend of JP¥16.00. Ex-date: 26th February 2026 Payment date: 25th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 73% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.分析記事 • Oct 09Onward Holdings' (TSE:8016) Earnings Are Of Questionable QualityDespite posting some strong earnings, the market for Onward Holdings Co., Ltd.'s ( TSE:8016 ) stock hasn't moved much...Reported Earnings • Oct 03Second quarter 2026 earnings released: EPS: JP¥4.05 (vs JP¥0.66 in 2Q 2025)Second quarter 2026 results: EPS: JP¥4.05 (up from JP¥0.66 in 2Q 2025). Revenue: JP¥52.5b (up 20% from 2Q 2025). Net income: JP¥551.0m (up JP¥462.0m from 2Q 2025). Profit margin: 1.0% (up from 0.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 02Onward Holdings Co., Ltd. Announces Second Quarter End Dividend for the Six Months Ended August 31, 2025, Payable on November 10, 2025Onward Holdings Co., Ltd. announced second quarter end Dividend for the six months ended August 31, 2025. For the period, the company reported dividend of JPY 14.00 per share. Scheduled date of commencing dividend payments: November 10, 2025.分析記事 • Oct 01Investors Aren't Buying Onward Holdings Co., Ltd.'s (TSE:8016) EarningsWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 15x, you may consider Onward...お知らせ • Jul 26Onward Holdings Co., Ltd. to Report Q2, 2026 Results on Oct 02, 2025Onward Holdings Co., Ltd. announced that they will report Q2, 2026 results on Oct 02, 2025Reported Earnings • Jul 04First quarter 2026 earnings released: EPS: JP¥31.46 (vs JP¥29.61 in 1Q 2025)First quarter 2026 results: EPS: JP¥31.46 (up from JP¥29.61 in 1Q 2025). Revenue: JP¥60.2b (up 17% from 1Q 2025). Net income: JP¥4.27b (up 6.3% from 1Q 2025). Profit margin: 7.1% (down from 7.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 14Onward Holdings Co., Ltd. to Report Q1, 2026 Results on Jul 03, 2025Onward Holdings Co., Ltd. announced that they will report Q1, 2026 results on Jul 03, 2025Reported Earnings • Apr 04Full year 2025 earnings released: EPS: JP¥62.74 (vs JP¥48.71 in FY 2024)Full year 2025 results: EPS: JP¥62.74 (up from JP¥48.71 in FY 2024). Revenue: JP¥208.4b (up 9.9% from FY 2024). Net income: JP¥8.52b (up 29% from FY 2024). Profit margin: 4.1% (up from 3.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 03Onward Holdings Co., Ltd., Annual General Meeting, May 22, 2025Onward Holdings Co., Ltd., Annual General Meeting, May 22, 2025.分析記事 • Feb 23Onward Holdings' (TSE:8016) Shareholders Will Receive A Bigger Dividend Than Last YearOnward Holdings Co., Ltd. ( TSE:8016 ) has announced that it will be increasing its dividend from last year's...お知らせ • Feb 22Onward Holdings Co., Ltd. to Report Fiscal Year 2025 Results on Apr 03, 2025Onward Holdings Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Apr 03, 2025Upcoming Dividend • Feb 20Upcoming dividend of JP¥26.00 per shareEligible shareholders must have bought the stock before 27 February 2025. Payment date: 26 May 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).分析記事 • Jan 16Onward Holdings (TSE:8016) Will Pay A Larger Dividend Than Last Year At ¥26.00Onward Holdings Co., Ltd. ( TSE:8016 ) will increase its dividend from last year's comparable payment on the 26th of...Reported Earnings • Jan 11Third quarter 2025 earnings released: EPS: JP¥12.32 (vs JP¥21.25 in 3Q 2024)Third quarter 2025 results: EPS: JP¥12.32 (down from JP¥21.25 in 3Q 2024). Revenue: JP¥54.8b (up 7.6% from 3Q 2024). Net income: JP¥1.67b (down 42% from 3Q 2024). Profit margin: 3.0% (down from 5.7% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.お知らせ • Jan 09+ 1 more updateOnward Holdings Co., Ltd. Revises Year-End Dividend Guidance for the Fiscal Year Ending February 28, 2025Onward Holdings Co., Ltd. revised year-end dividend guidance for the fiscal year ending February 28, 2025. For the year, the company now expects year-end dividend of JPY 26.00 per share against JPY 24.00 per share as previously forecasted. Reasons for revising the dividend forecasts: The Company views the distribution of profits to shareholders as one of the management's highest-priority issues, and sets a dividend payout ratio target of 40% or more, ensuring stable and appropriate distribution of profits in conjunction with its performance, under its dividend policy. As a result of a close examination of its performance for the fiscal year ending February 28, 2025, based on the results through the third quarter, the Company expects profit attributable to owners of parent to exceed the consolidated performance forecast for the full year announced on October 3, 2024, due to the recognition of deferred tax assets. Accordingly, it revises upward its year-end dividend forecast for the current fiscal year to JPY 26 per share, up JPY 6 from the previous year and up JPY 2 from the previous forecast.分析記事 • Jan 02Onward Holdings (TSE:8016) Will Pay A Larger Dividend Than Last Year At ¥24.00The board of Onward Holdings Co., Ltd. ( TSE:8016 ) has announced that it will be paying its dividend of ¥24.00 on the...分析記事 • Dec 19Onward Holdings' (TSE:8016) Upcoming Dividend Will Be Larger Than Last Year'sOnward Holdings Co., Ltd. ( TSE:8016 ) will increase its dividend from last year's comparable payment on the 26th of...Declared Dividend • Dec 19Dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 27th February 2025 Payment date: 26th May 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 69% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.分析記事 • Oct 11We Think Onward Holdings' (TSE:8016) Robust Earnings Are ConservativeOnward Holdings Co., Ltd. ( TSE:8016 ) just reported healthy earnings but the stock price didn't move much. Investors...お知らせ • Oct 05Onward Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending February 28, 2025Onward Holdings Co., Ltd. revised consolidated earnings guidance for the year ending February 28, 2025. For the year, the company expects net sales to be ¥210,000 million. Operating profit to be ¥12,500 million. Profit attributable to owners of parent to be ¥8,250 million, Basic earnings per share to be ¥60.78.Reported Earnings • Oct 04Second quarter 2025 earnings released: EPS: JP¥0.66 (vs JP¥3.58 loss in 2Q 2024)Second quarter 2025 results: EPS: JP¥0.66 (up from JP¥3.58 loss in 2Q 2024). Revenue: JP¥43.7b (up 8.0% from 2Q 2024). Net income: JP¥89.0m (up JP¥575.0m from 2Q 2024). Profit margin: 0.2% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 28Onward Holdings Co., Ltd. (TSE:8016) agreed to acquire remaining 79.73% stake in WEGO Co.,Ltd. from J-Star No. 3 Investment Limited Partnership, J-Star No.3 Gf, LP, J-Star No.3 Jc, LP and J-Star No.3 Jf, LP, manage by J-STAR Co., Ltd., and others for ¥500 million.Onward Holdings Co., Ltd. (TSE:8016) agreed to acquire remaining 79.73% stake in WEGO Co.,Ltd. from J-Star No. 3 Investment Limited Partnership, J-Star No.3 Gf, LP, J-Star No.3 Jc, LP and J-Star No.3 Jf, LP, manage by J-STAR Co., Ltd., and others for ¥500 million on August 28, 2024. Upon completion, Onward Holdings Co., Ltd. will own 100% stake in WEGO Co.,Ltd. For the period ending February 29, 2024, WEGO Co.,Ltd. reported total revenue of ¥28.31 billion, net loss of ¥1.52 billion and loss before interest, tax, depreciation and amortization of ¥44 million. As of February 29, 2024, WEGO Co.,Ltd. reported total assets of ¥13.36 billion and total common equity of ¥531 million. The expected completion of the transaction is September 27, 2024.お知らせ • Aug 23+ 1 more updateOnward Holdings Co., Ltd. to Report Q3, 2025 Results on Jan 09, 2025Onward Holdings Co., Ltd. announced that they will report Q3, 2025 results on Jan 09, 2025Buy Or Sell Opportunity • Aug 06Now 26% overvaluedOver the last 90 days, the stock has fallen 17% to JP¥506. The fair value is estimated to be JP¥401, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 10% in the next 2 years.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥445, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 70% over the past three years.Major Estimate Revision • Aug 02Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥196.8b to JP¥198.9b. EPS estimate increased from JP¥49.32 to JP¥55.83 per share. Net income forecast to grow 5.3% next year vs 14% growth forecast for Luxury industry in Japan. Consensus price target broadly unchanged at JP¥620. Share price fell 5.2% to JP¥512 over the past week.Reported Earnings • Jul 06First quarter 2025 earnings released: EPS: JP¥29.61 (vs JP¥24.67 in 1Q 2024)First quarter 2025 results: EPS: JP¥29.61 (up from JP¥24.67 in 1Q 2024). Revenue: JP¥51.4b (up 2.9% from 1Q 2024). Net income: JP¥4.02b (up 20% from 1Q 2024). Profit margin: 7.8% (up from 6.7% in 1Q 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • May 16Onward Holdings Co., Ltd. to Report Q1, 2025 Results on Jul 04, 2024Onward Holdings Co., Ltd. announced that they will report Q1, 2025 results on Jul 04, 2024分析記事 • Apr 11Solid Earnings Reflect Onward Holdings' (TSE:8016) Strength As A BusinessOnward Holdings Co., Ltd. ( TSE:8016 ) recently posted some strong earnings, and the market responded positively. Our...分析記事 • Apr 08Onward Holdings Co., Ltd. Just Recorded A 17% EPS Beat: Here's What Analysts Are Forecasting NextIt's been a pretty great week for Onward Holdings Co., Ltd. ( TSE:8016 ) shareholders, with its shares surging 16% to...Reported Earnings • Apr 06Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥48.71 (up from JP¥22.57 in FY 2023). Revenue: JP¥189.6b (up 7.7% from FY 2023). Net income: JP¥6.61b (up 116% from FY 2023). Profit margin: 3.5% (up from 1.7% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 05Earnings Not Telling The Story For Onward Holdings Co., Ltd. (TSE:8016) After Shares Rise 27%Onward Holdings Co., Ltd. ( TSE:8016 ) shares have continued their recent momentum with a 27% gain in the last month...New Risk • Apr 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥660, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Luxury industry in Japan. Total returns to shareholders of 154% over the past three years.Major Estimate Revision • Apr 05Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥43.17 to JP¥49.32. Revenue forecast steady at JP¥196.8b. Net income forecast to grow 5.9% next year vs 11% growth forecast for Luxury industry in Japan. Consensus price target up from JP¥580 to JP¥630. Share price rose 16% to JP¥660 over the past week.お知らせ • Apr 04+ 2 more updatesOnward Holdings Co., Ltd. Announces Dividend for the Year Ended February 29, 2024, Payable on May 24, 2024; Provides Dividend Guidance for the Year Ending February 28, 2025Onward Holdings Co., Ltd. announced dividend of JPY 20.00 per share for the year ended February 29, 2024 against JPY 12.00 per share paid a year ago. Scheduled date of commencing dividend payments of May 24, 2024. For the year Ending February 28, 2025, the company expects to pay dividend of ¥24.00 against ¥20.00 paid last year.お知らせ • Mar 28+ 1 more updateOnward Holdings Co., Ltd. Revises Dividend Guidance for the Fiscal Year Ending February 29, 2024Onward Holdings Co., Ltd. revised dividend guidance for the fiscal year ending February 29, 2024. For the year, the company expects to pay a dividend of JPY 20.00 per share compared to previous guidance of JPY 18.00 per share.Major Estimate Revision • Mar 09Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥36.97 to JP¥41.73. Revenue forecast steady at JP¥189.5b. Net income forecast to shrink 4.5% next year vs 11% growth forecast for Luxury industry in Japan . Consensus price target up from JP¥550 to JP¥580. Share price rose 3.0% to JP¥519 over the past week.Upcoming Dividend • Feb 21Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (10%).お知らせ • Feb 04Onward Holdings Co., Ltd. to Report Fiscal Year 2024 Results on Apr 04, 2024Onward Holdings Co., Ltd. announced that they will report fiscal year 2024 results on Apr 04, 2024Reported Earnings • Jan 13Third quarter 2024 earnings released: EPS: JP¥21.25 (vs JP¥16.56 in 3Q 2023)Third quarter 2024 results: EPS: JP¥21.25 (up from JP¥16.56 in 3Q 2023). Revenue: JP¥51.0b (up 5.7% from 3Q 2023). Net income: JP¥2.88b (up 28% from 3Q 2023). Profit margin: 5.7% (up from 4.7% in 3Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 11+ 1 more updateOnward Holdings Co., Ltd. Revises Dividend Guidance for the Fiscal Year Ending February 29, 2024Onward Holdings Co., Ltd. revised dividend guidance for the Fiscal year ending February 29, 2024. For the year, the company expects to pay a dividend of ¥18 compared to previous guidance announced on October 5, 2023 ¥17 paid last year.お知らせ • Nov 22Onward Holdings Co., Ltd. to Report Q3, 2024 Results on Jan 11, 2024Onward Holdings Co., Ltd. announced that they will report Q3, 2024 results on Jan 11, 2024Reported Earnings • Oct 06Second quarter 2024 earnings released: JP¥3.58 loss per share (vs JP¥9.93 loss in 2Q 2023)Second quarter 2024 results: JP¥3.58 loss per share (improved from JP¥9.93 loss in 2Q 2023). Revenue: JP¥40.5b (up 7.7% from 2Q 2023). Net loss: JP¥486.0m (loss narrowed 64% from 2Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 06+ 1 more updateOnward Holdings Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Onward Holdings Co., Ltd. revised consolidated earnings guidance for the fiscal year ending February 29, 2024. For the period, Company expects Net sales of JPY 189,211 million against previous guidance of JPY 188,800 million. Operating profit of JPY 11,022 million against previous guidance of JPY 10,000 million. Profit attributable to owners of parent of JPY 5,462 million against previous guidance of JPY 5,000 million. Basic earnings per share of JPY 40.25 against previous guidance of JPY 36.84.Major Estimate Revision • Sep 29Consensus EPS estimates increase by 91%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥182.2b to JP¥188.9b. EPS estimate increased from JP¥19.37 to JP¥37.04 per share. Net income forecast to grow 11% next year vs 8.4% growth forecast for Luxury industry in Japan. Consensus price target up from JP¥330 to JP¥550. Share price was steady at JP¥522 over the past week.お知らせ • Aug 11Onward Holdings Co., Ltd. to Report Q2, 2024 Results on Oct 05, 2023Onward Holdings Co., Ltd. announced that they will report Q2, 2024 results on Oct 05, 2023Valuation Update With 7 Day Price Move • Jul 13Investor sentiment improves as stock rises 29%After last week's 29% share price gain to JP¥545, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Luxury industry in Japan. Total returns to shareholders of 95% over the past three years.New Risk • Jul 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin).Reported Earnings • Jul 07First quarter 2024 earnings released: EPS: JP¥24.67 (vs JP¥13.44 in 1Q 2023)First quarter 2024 results: EPS: JP¥24.67 (up from JP¥13.44 in 1Q 2023). Revenue: JP¥49.9b (up 12% from 1Q 2023). Net income: JP¥3.35b (up 84% from 1Q 2023). Profit margin: 6.7% (up from 4.1% in 1Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 06+ 1 more updateOnward Holdings Co., Ltd. Revises Forecast for Dividend for the Year Ended February 28, 2024Onward Holdings Co., Ltd. provide revised forecast for dividend of JPY 16.00 per share for the year ended February 28, 2024 against JPY 14.00 per share than previous forecast. The Company regards the return of profits to shareholders as one of its most important management issues, and its dividend policy is to maintain the dividend payout ratio of at least 35% and to distribute profits in a stable, performance-linked, and appropriatemanner. As for the dividend forecasts for the fiscal year ending February 2024, the Company had planned to pay a dividend of JPY 14 per share, an increase of JPY 2 from the previous fiscal year, in line with its policy of strengthening shareholder returns.お知らせ • Jun 21Onward Holdings Co., Ltd. (TSE:8016) acquired additional 28.9% stake in SanMarino Co Ltd.Onward Holdings Co., Ltd. (TSE:8016) acquired additional 28.9% stake in SanMarino Co Ltd. on June 19, 2023. Onward Holdings Co., Ltd. will acquire additional 22,800 shares of SanMarino Co Ltd.Onward Holdings Co., Ltd. (TSE:8016) Completed the acquisition of additional 28.9% stake in SanMarino Co Ltd. on June 19, 2023.Board Change • Jun 21Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Yoshie Komuro was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 30Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥22.57 (down from JP¥63.16 in FY 2022). Revenue: JP¥176.1b (up 4.5% from FY 2022). Net income: JP¥3.06b (down 64% from FY 2022). Profit margin: 1.7% (down from 5.1% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • May 19Onward Holdings Co., Ltd. to Report Q1, 2024 Results on Jul 06, 2023Onward Holdings Co., Ltd. announced that they will report Q1, 2024 results on Jul 06, 2023Reported Earnings • Apr 07Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥22.57 (down from JP¥63.16 in FY 2022). Revenue: JP¥176.1b (up 4.5% from FY 2022). Net income: JP¥3.06b (down 64% from FY 2022). Profit margin: 1.7% (down from 5.1% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Major Estimate Revision • Mar 26Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from JP¥174.3b to JP¥176.5b. EPS estimate increased from JP¥15.97 to JP¥17.88 per share. Net income forecast to shrink 27% next year vs 8.0% growth forecast for Luxury industry in Japan . Consensus price target up from JP¥270 to JP¥300. Share price was steady at JP¥359 over the past week.Upcoming Dividend • Feb 20Upcoming dividend of JP¥12.00 per share at 3.6% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 29 May 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%).お知らせ • Feb 15Onward Holdings Co., Ltd. to Report Fiscal Year 2023 Results on Apr 06, 2023Onward Holdings Co., Ltd. announced that they will report fiscal year 2023 results on Apr 06, 2023お知らせ • Feb 01Onward Holdings Co., Ltd. Provides Dividend Guidance for the Year Ending February 28, 2023Onward Holdings Co., Ltd. provided dividend guidance for the year ending February 28, 2023. For the year, the company expects to pay dividend of ¥12.00 against ¥12.00 paid last year.お知らせ • Jan 25Onward Holdings Co., Ltd. Revises Earnings Guidance for the Full Year Ending February 28, 2023Onward Holdings Co., Ltd. revised earnings guidance for the full year ending February 28, 2023. For the period, the company revised Net sales from JPY 173,800 million to JPY 175,000 million, Operating profit from JPY 4,100 million to JPY 5,000 million, Profit attributable to owners of parent from JPY 2,200 million to JPY 2,600 million and Basic earnings per share from JPY 16.22 to JPY 19.17.Buying Opportunity • Jan 16Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 5.3%. The fair value is estimated to be JP¥382, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 0.07% in 2 years. Earnings is forecast to decline by 32% in the next 2 years.Reported Earnings • Jan 13Third quarter 2023 earnings released: EPS: JP¥16.56 (vs JP¥4.68 in 3Q 2022)Third quarter 2023 results: EPS: JP¥16.56 (up from JP¥4.68 in 3Q 2022). Revenue: JP¥48.2b (up 11% from 3Q 2022). Net income: JP¥2.25b (up 254% from 3Q 2022). Profit margin: 4.7% (up from 1.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.Major Estimate Revision • Dec 27Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥172.3b to JP¥174.3b. EPS estimate increased from JP¥14.38 to JP¥15.97 per share. Net income forecast to grow 34% next year vs 34% growth forecast for Luxury industry in Japan. Consensus price target of JP¥270 unchanged from last update. Share price was steady at JP¥308 over the past week.お知らせ • Nov 16Onward Holdings Co., Ltd. to Report Q3, 2023 Results on Jan 12, 2023Onward Holdings Co., Ltd. announced that they will report Q3, 2023 results on Jan 12, 2023Price Target Changed • Nov 16Price target increased to JP¥270Up from JP¥240, the current price target is provided by 1 analyst. New target price is 12% below last closing price of JP¥306. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of JP¥14.38 for next year compared to JP¥63.16 last year.Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). CEO, President & Representative Director Michinobu Yasumoto is the most experienced director on the board, commencing their role in 2015. Independent Outside Director Yoshie Komuro was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Oct 27+ 1 more updateOnward Holdings Co., Ltd. Provides Dividend Guidance for the Year Ending February 28, 2023Onward Holdings Co., Ltd. provided dividend guidance for the year ending February 28, 2023. For the year, the company expects to pay dividend of ¥12.00 per share against ¥12.00 per share a year ago.Reported Earnings • Oct 08Second quarter 2023 earnings released: JP¥9.93 loss per share (vs JP¥39.73 profit in 2Q 2022)Second quarter 2023 results: JP¥9.93 loss per share (down from JP¥39.73 profit in 2Q 2022). Revenue: JP¥37.6b (up 8.2% from 2Q 2022). Net loss: JP¥1.35b (down 125% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.Price Target Changed • Sep 29Price target increased to JP¥270Up from JP¥240, the current price target is provided by 1 analyst. New target price is 11% below last closing price of JP¥304. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥14.38 for next year compared to JP¥63.16 last year.お知らせ • Aug 20Onward Holdings Co., Ltd. to Report Q2, 2023 Results on Oct 06, 2022Onward Holdings Co., Ltd. announced that they will report Q2, 2023 results on Oct 06, 2022お知らせ • Jul 26+ 1 more updateOnward Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year Ending February 28, 2023Onward Holdings Co., Ltd. provided consolidated earnings guidance for the first half and full year ending February 28, 2023. For the first half, the company expects net sales of JPY 77,000 million, operating loss of JPY 1,800 million, loss attributable to owners of parent of JPY 1,250 million and basic loss per share of JPY 9.22. For the full year ending February 28, 2023, the company expects net sales of JPY 168,700 million, operating profit of JPY 2,100 million, profit attributable to owners of parent of JPY 1,700 million and basic profit per share of JPY 12.54.株主還元8016JP LuxuryJP 市場7D1.7%4.7%2.8%1Y22.6%39.4%34.5%株主還元を見る業界別リターン: 8016過去 1 年間で39.4 % の収益を上げたJP Luxury業界を下回りました。リターン対市場: 8016は、過去 1 年間で34.5 % のリターンを上げたJP市場を下回りました。価格変動Is 8016's price volatile compared to industry and market?8016 volatility8016 Average Weekly Movement3.1%Luxury Industry Average Movement3.5%Market Average Movement4.4%10% most volatile stocks in JP Market9.4%10% least volatile stocks in JP Market2.2%安定した株価: 8016 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 8016の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19276,527Michinobu Yasumotowww.onward-hd.co.jp株式会社オンワードホールディングスは、子会社とともに、日本および世界で紳士・婦人・子供服の企画・製造・販売を行っている。同社は2つのセグメントで事業を展開している：国内事業」と「海外事業」である。国内事業」は、企業・学校制服、メディカルウェア、宝飾品、雑貨、アクセサリー、健康関連・化粧品、ギフト商品、ギフトカタログ、ペット用品などの商品群、舞台・演劇・バレエ・ダンス用品、インナーウェアおよび関連商品の提供、プロモーショングッズの販売などを行っている。また、婦人服のECサイト運営、不動産の管理・売買・賃貸、催事販売の企画・開催、ブランディングサービス、コンサルティングサービス、レイクランドカントリーゴルフクラブの運営・管理、オンワードタロフォフォゴルフクラブ、オンワードマンギラオゴルフクラブの運営・管理も行っている。その他、デジタルマーケティング事業、ITソリューション事業、グルメECサイト運営。直営店や百貨店、Eコマースを通じて商品を提供している。株式会社オンワードホールディングスの前身は株式会社オンワード樫山で、2007年9月に株式会社オンワードホールディングスに商号変更した。同社は1927年に設立され、東京に本社を置いている。もっと見るOnward Holdings Co., Ltd. 基礎のまとめOnward Holdings の収益と売上を時価総額と比較するとどうか。8016 基礎統計学時価総額JP¥105.55b収益（TTM）JP¥10.87b売上高(TTM)JP¥240.11b9.7xPER（株価収益率0.4xP/Sレシオ8016 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計8016 損益計算書（TTM）収益JP¥240.11b売上原価JP¥109.40b売上総利益JP¥130.71bその他の費用JP¥119.85b収益JP¥10.87b直近の収益報告May 31, 2026次回決算日該当なし一株当たり利益（EPS）79.89グロス・マージン54.44%純利益率4.53%有利子負債／自己資本比率50.1%8016 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.3%現在の配当利回り38%配当性向8016 配当は確実ですか？8016 配当履歴とベンチマークを見る8016 、いつまでに購入すれば配当金を受け取れますか？Onward Holdings 配当日配当落ち日Aug 28 2026配当支払日Nov 10 2026配当落ちまでの日数20 days配当支払日までの日数94 days8016 配当は確実ですか？8016 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/07 03:08終値2026/08/07 00:00収益2026/05/31年間収益2026/02/28データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Onward Holdings Co., Ltd. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9 アナリスト機関Maki ShinozakiBarclaysMayumi OginoCitigroup IncKeita IkedaDaiwa Securities Co. Ltd.6 その他のアナリストを表示
Reported Earnings • Jul 11First quarter 2027 earnings released: EPS: JP¥37.08 (vs JP¥31.46 in 1Q 2026)First quarter 2027 results: EPS: JP¥37.08 (up from JP¥31.46 in 1Q 2026). Revenue: JP¥63.5b (up 5.5% from 1Q 2026). Net income: JP¥5.04b (up 18% from 1Q 2026). Profit margin: 7.9% (up from 7.1% in 1Q 2026). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jun 12Final dividend of JP¥16.00 announcedShareholders will receive a dividend of JP¥16.00. Ex-date: 28th August 2026 Payment date: 10th November 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (158% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 02Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥74.26 (up from JP¥62.74 in FY 2025). Revenue: JP¥236.8b (up 14% from FY 2025). Net income: JP¥10.1b (up 19% from FY 2025). Profit margin: 4.3% (up from 4.1% in FY 2025). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
お知らせ • May 23Onward Holdings Co., Ltd. to Report Q1, 2027 Results on Jul 09, 2026Onward Holdings Co., Ltd. announced that they will report Q1, 2027 results on Jul 09, 2026
Major Estimate Revision • May 21Consensus EPS estimates increase by 25%The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate increased from JP¥67.60 to JP¥84.50. Revenue forecast steady at JP¥247.6b. Net income forecast to grow 14% next year vs 12% growth forecast for Luxury industry in Japan. Consensus price target of JP¥920 unchanged from last update. Share price rose 2.4% to JP¥756 over the past week.
分析記事 • Apr 16We Think That There Are Issues Underlying Onward Holdings' (TSE:8016) EarningsOnward Holdings Co., Ltd. ( TSE:8016 ) just reported some strong earnings, and the market reacted accordingly with a...
Reported Earnings • Jul 11First quarter 2027 earnings released: EPS: JP¥37.08 (vs JP¥31.46 in 1Q 2026)First quarter 2027 results: EPS: JP¥37.08 (up from JP¥31.46 in 1Q 2026). Revenue: JP¥63.5b (up 5.5% from 1Q 2026). Net income: JP¥5.04b (up 18% from 1Q 2026). Profit margin: 7.9% (up from 7.1% in 1Q 2026). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jun 12Final dividend of JP¥16.00 announcedShareholders will receive a dividend of JP¥16.00. Ex-date: 28th August 2026 Payment date: 10th November 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (158% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 02Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥74.26 (up from JP¥62.74 in FY 2025). Revenue: JP¥236.8b (up 14% from FY 2025). Net income: JP¥10.1b (up 19% from FY 2025). Profit margin: 4.3% (up from 4.1% in FY 2025). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
お知らせ • May 23Onward Holdings Co., Ltd. to Report Q1, 2027 Results on Jul 09, 2026Onward Holdings Co., Ltd. announced that they will report Q1, 2027 results on Jul 09, 2026
Major Estimate Revision • May 21Consensus EPS estimates increase by 25%The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate increased from JP¥67.60 to JP¥84.50. Revenue forecast steady at JP¥247.6b. Net income forecast to grow 14% next year vs 12% growth forecast for Luxury industry in Japan. Consensus price target of JP¥920 unchanged from last update. Share price rose 2.4% to JP¥756 over the past week.
分析記事 • Apr 16We Think That There Are Issues Underlying Onward Holdings' (TSE:8016) EarningsOnward Holdings Co., Ltd. ( TSE:8016 ) just reported some strong earnings, and the market reacted accordingly with a...
Reported Earnings • Apr 10Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥74.26 (up from JP¥62.74 in FY 2025). Revenue: JP¥236.8b (up 14% from FY 2025). Net income: JP¥10.1b (up 19% from FY 2025). Profit margin: 4.3% (up from 4.1% in FY 2025). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 28% per year.
お知らせ • Apr 09Onward Holdings Co., Ltd., Annual General Meeting, May 28, 2026Onward Holdings Co., Ltd., Annual General Meeting, May 28, 2026.
お知らせ • Apr 02Onward Holdings Co., Ltd. to Report Fiscal Year 2026 Results on Apr 09, 2026Onward Holdings Co., Ltd. announced that they will report fiscal year 2026 results on Apr 09, 2026
Upcoming Dividend • Feb 19Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).
Reported Earnings • Jan 09Third quarter 2026 earnings released: EPS: JP¥20.68 (vs JP¥12.32 in 3Q 2025)Third quarter 2026 results: EPS: JP¥20.68 (up from JP¥12.32 in 3Q 2025). Revenue: JP¥62.1b (up 13% from 3Q 2025). Net income: JP¥2.81b (up 68% from 3Q 2025). Profit margin: 4.5% (up from 3.0% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 35% per year.
Declared Dividend • Nov 11First half dividend of JP¥16.00 announcedShareholders will receive a dividend of JP¥16.00. Ex-date: 26th February 2026 Payment date: 25th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 73% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
分析記事 • Oct 09Onward Holdings' (TSE:8016) Earnings Are Of Questionable QualityDespite posting some strong earnings, the market for Onward Holdings Co., Ltd.'s ( TSE:8016 ) stock hasn't moved much...
Reported Earnings • Oct 03Second quarter 2026 earnings released: EPS: JP¥4.05 (vs JP¥0.66 in 2Q 2025)Second quarter 2026 results: EPS: JP¥4.05 (up from JP¥0.66 in 2Q 2025). Revenue: JP¥52.5b (up 20% from 2Q 2025). Net income: JP¥551.0m (up JP¥462.0m from 2Q 2025). Profit margin: 1.0% (up from 0.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 02Onward Holdings Co., Ltd. Announces Second Quarter End Dividend for the Six Months Ended August 31, 2025, Payable on November 10, 2025Onward Holdings Co., Ltd. announced second quarter end Dividend for the six months ended August 31, 2025. For the period, the company reported dividend of JPY 14.00 per share. Scheduled date of commencing dividend payments: November 10, 2025.
分析記事 • Oct 01Investors Aren't Buying Onward Holdings Co., Ltd.'s (TSE:8016) EarningsWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 15x, you may consider Onward...
お知らせ • Jul 26Onward Holdings Co., Ltd. to Report Q2, 2026 Results on Oct 02, 2025Onward Holdings Co., Ltd. announced that they will report Q2, 2026 results on Oct 02, 2025
Reported Earnings • Jul 04First quarter 2026 earnings released: EPS: JP¥31.46 (vs JP¥29.61 in 1Q 2025)First quarter 2026 results: EPS: JP¥31.46 (up from JP¥29.61 in 1Q 2025). Revenue: JP¥60.2b (up 17% from 1Q 2025). Net income: JP¥4.27b (up 6.3% from 1Q 2025). Profit margin: 7.1% (down from 7.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 14Onward Holdings Co., Ltd. to Report Q1, 2026 Results on Jul 03, 2025Onward Holdings Co., Ltd. announced that they will report Q1, 2026 results on Jul 03, 2025
Reported Earnings • Apr 04Full year 2025 earnings released: EPS: JP¥62.74 (vs JP¥48.71 in FY 2024)Full year 2025 results: EPS: JP¥62.74 (up from JP¥48.71 in FY 2024). Revenue: JP¥208.4b (up 9.9% from FY 2024). Net income: JP¥8.52b (up 29% from FY 2024). Profit margin: 4.1% (up from 3.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 03Onward Holdings Co., Ltd., Annual General Meeting, May 22, 2025Onward Holdings Co., Ltd., Annual General Meeting, May 22, 2025.
分析記事 • Feb 23Onward Holdings' (TSE:8016) Shareholders Will Receive A Bigger Dividend Than Last YearOnward Holdings Co., Ltd. ( TSE:8016 ) has announced that it will be increasing its dividend from last year's...
お知らせ • Feb 22Onward Holdings Co., Ltd. to Report Fiscal Year 2025 Results on Apr 03, 2025Onward Holdings Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Apr 03, 2025
Upcoming Dividend • Feb 20Upcoming dividend of JP¥26.00 per shareEligible shareholders must have bought the stock before 27 February 2025. Payment date: 26 May 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).
分析記事 • Jan 16Onward Holdings (TSE:8016) Will Pay A Larger Dividend Than Last Year At ¥26.00Onward Holdings Co., Ltd. ( TSE:8016 ) will increase its dividend from last year's comparable payment on the 26th of...
Reported Earnings • Jan 11Third quarter 2025 earnings released: EPS: JP¥12.32 (vs JP¥21.25 in 3Q 2024)Third quarter 2025 results: EPS: JP¥12.32 (down from JP¥21.25 in 3Q 2024). Revenue: JP¥54.8b (up 7.6% from 3Q 2024). Net income: JP¥1.67b (down 42% from 3Q 2024). Profit margin: 3.0% (down from 5.7% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.
お知らせ • Jan 09+ 1 more updateOnward Holdings Co., Ltd. Revises Year-End Dividend Guidance for the Fiscal Year Ending February 28, 2025Onward Holdings Co., Ltd. revised year-end dividend guidance for the fiscal year ending February 28, 2025. For the year, the company now expects year-end dividend of JPY 26.00 per share against JPY 24.00 per share as previously forecasted. Reasons for revising the dividend forecasts: The Company views the distribution of profits to shareholders as one of the management's highest-priority issues, and sets a dividend payout ratio target of 40% or more, ensuring stable and appropriate distribution of profits in conjunction with its performance, under its dividend policy. As a result of a close examination of its performance for the fiscal year ending February 28, 2025, based on the results through the third quarter, the Company expects profit attributable to owners of parent to exceed the consolidated performance forecast for the full year announced on October 3, 2024, due to the recognition of deferred tax assets. Accordingly, it revises upward its year-end dividend forecast for the current fiscal year to JPY 26 per share, up JPY 6 from the previous year and up JPY 2 from the previous forecast.
分析記事 • Jan 02Onward Holdings (TSE:8016) Will Pay A Larger Dividend Than Last Year At ¥24.00The board of Onward Holdings Co., Ltd. ( TSE:8016 ) has announced that it will be paying its dividend of ¥24.00 on the...
分析記事 • Dec 19Onward Holdings' (TSE:8016) Upcoming Dividend Will Be Larger Than Last Year'sOnward Holdings Co., Ltd. ( TSE:8016 ) will increase its dividend from last year's comparable payment on the 26th of...
Declared Dividend • Dec 19Dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 27th February 2025 Payment date: 26th May 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 69% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
分析記事 • Oct 11We Think Onward Holdings' (TSE:8016) Robust Earnings Are ConservativeOnward Holdings Co., Ltd. ( TSE:8016 ) just reported healthy earnings but the stock price didn't move much. Investors...
お知らせ • Oct 05Onward Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending February 28, 2025Onward Holdings Co., Ltd. revised consolidated earnings guidance for the year ending February 28, 2025. For the year, the company expects net sales to be ¥210,000 million. Operating profit to be ¥12,500 million. Profit attributable to owners of parent to be ¥8,250 million, Basic earnings per share to be ¥60.78.
Reported Earnings • Oct 04Second quarter 2025 earnings released: EPS: JP¥0.66 (vs JP¥3.58 loss in 2Q 2024)Second quarter 2025 results: EPS: JP¥0.66 (up from JP¥3.58 loss in 2Q 2024). Revenue: JP¥43.7b (up 8.0% from 2Q 2024). Net income: JP¥89.0m (up JP¥575.0m from 2Q 2024). Profit margin: 0.2% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 28Onward Holdings Co., Ltd. (TSE:8016) agreed to acquire remaining 79.73% stake in WEGO Co.,Ltd. from J-Star No. 3 Investment Limited Partnership, J-Star No.3 Gf, LP, J-Star No.3 Jc, LP and J-Star No.3 Jf, LP, manage by J-STAR Co., Ltd., and others for ¥500 million.Onward Holdings Co., Ltd. (TSE:8016) agreed to acquire remaining 79.73% stake in WEGO Co.,Ltd. from J-Star No. 3 Investment Limited Partnership, J-Star No.3 Gf, LP, J-Star No.3 Jc, LP and J-Star No.3 Jf, LP, manage by J-STAR Co., Ltd., and others for ¥500 million on August 28, 2024. Upon completion, Onward Holdings Co., Ltd. will own 100% stake in WEGO Co.,Ltd. For the period ending February 29, 2024, WEGO Co.,Ltd. reported total revenue of ¥28.31 billion, net loss of ¥1.52 billion and loss before interest, tax, depreciation and amortization of ¥44 million. As of February 29, 2024, WEGO Co.,Ltd. reported total assets of ¥13.36 billion and total common equity of ¥531 million. The expected completion of the transaction is September 27, 2024.
お知らせ • Aug 23+ 1 more updateOnward Holdings Co., Ltd. to Report Q3, 2025 Results on Jan 09, 2025Onward Holdings Co., Ltd. announced that they will report Q3, 2025 results on Jan 09, 2025
Buy Or Sell Opportunity • Aug 06Now 26% overvaluedOver the last 90 days, the stock has fallen 17% to JP¥506. The fair value is estimated to be JP¥401, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 10% in the next 2 years.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥445, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 70% over the past three years.
Major Estimate Revision • Aug 02Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥196.8b to JP¥198.9b. EPS estimate increased from JP¥49.32 to JP¥55.83 per share. Net income forecast to grow 5.3% next year vs 14% growth forecast for Luxury industry in Japan. Consensus price target broadly unchanged at JP¥620. Share price fell 5.2% to JP¥512 over the past week.
Reported Earnings • Jul 06First quarter 2025 earnings released: EPS: JP¥29.61 (vs JP¥24.67 in 1Q 2024)First quarter 2025 results: EPS: JP¥29.61 (up from JP¥24.67 in 1Q 2024). Revenue: JP¥51.4b (up 2.9% from 1Q 2024). Net income: JP¥4.02b (up 20% from 1Q 2024). Profit margin: 7.8% (up from 6.7% in 1Q 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • May 16Onward Holdings Co., Ltd. to Report Q1, 2025 Results on Jul 04, 2024Onward Holdings Co., Ltd. announced that they will report Q1, 2025 results on Jul 04, 2024
分析記事 • Apr 11Solid Earnings Reflect Onward Holdings' (TSE:8016) Strength As A BusinessOnward Holdings Co., Ltd. ( TSE:8016 ) recently posted some strong earnings, and the market responded positively. Our...
分析記事 • Apr 08Onward Holdings Co., Ltd. Just Recorded A 17% EPS Beat: Here's What Analysts Are Forecasting NextIt's been a pretty great week for Onward Holdings Co., Ltd. ( TSE:8016 ) shareholders, with its shares surging 16% to...
Reported Earnings • Apr 06Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥48.71 (up from JP¥22.57 in FY 2023). Revenue: JP¥189.6b (up 7.7% from FY 2023). Net income: JP¥6.61b (up 116% from FY 2023). Profit margin: 3.5% (up from 1.7% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 05Earnings Not Telling The Story For Onward Holdings Co., Ltd. (TSE:8016) After Shares Rise 27%Onward Holdings Co., Ltd. ( TSE:8016 ) shares have continued their recent momentum with a 27% gain in the last month...
New Risk • Apr 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥660, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Luxury industry in Japan. Total returns to shareholders of 154% over the past three years.
Major Estimate Revision • Apr 05Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥43.17 to JP¥49.32. Revenue forecast steady at JP¥196.8b. Net income forecast to grow 5.9% next year vs 11% growth forecast for Luxury industry in Japan. Consensus price target up from JP¥580 to JP¥630. Share price rose 16% to JP¥660 over the past week.
お知らせ • Apr 04+ 2 more updatesOnward Holdings Co., Ltd. Announces Dividend for the Year Ended February 29, 2024, Payable on May 24, 2024; Provides Dividend Guidance for the Year Ending February 28, 2025Onward Holdings Co., Ltd. announced dividend of JPY 20.00 per share for the year ended February 29, 2024 against JPY 12.00 per share paid a year ago. Scheduled date of commencing dividend payments of May 24, 2024. For the year Ending February 28, 2025, the company expects to pay dividend of ¥24.00 against ¥20.00 paid last year.
お知らせ • Mar 28+ 1 more updateOnward Holdings Co., Ltd. Revises Dividend Guidance for the Fiscal Year Ending February 29, 2024Onward Holdings Co., Ltd. revised dividend guidance for the fiscal year ending February 29, 2024. For the year, the company expects to pay a dividend of JPY 20.00 per share compared to previous guidance of JPY 18.00 per share.
Major Estimate Revision • Mar 09Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥36.97 to JP¥41.73. Revenue forecast steady at JP¥189.5b. Net income forecast to shrink 4.5% next year vs 11% growth forecast for Luxury industry in Japan . Consensus price target up from JP¥550 to JP¥580. Share price rose 3.0% to JP¥519 over the past week.
Upcoming Dividend • Feb 21Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (10%).
お知らせ • Feb 04Onward Holdings Co., Ltd. to Report Fiscal Year 2024 Results on Apr 04, 2024Onward Holdings Co., Ltd. announced that they will report fiscal year 2024 results on Apr 04, 2024
Reported Earnings • Jan 13Third quarter 2024 earnings released: EPS: JP¥21.25 (vs JP¥16.56 in 3Q 2023)Third quarter 2024 results: EPS: JP¥21.25 (up from JP¥16.56 in 3Q 2023). Revenue: JP¥51.0b (up 5.7% from 3Q 2023). Net income: JP¥2.88b (up 28% from 3Q 2023). Profit margin: 5.7% (up from 4.7% in 3Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 11+ 1 more updateOnward Holdings Co., Ltd. Revises Dividend Guidance for the Fiscal Year Ending February 29, 2024Onward Holdings Co., Ltd. revised dividend guidance for the Fiscal year ending February 29, 2024. For the year, the company expects to pay a dividend of ¥18 compared to previous guidance announced on October 5, 2023 ¥17 paid last year.
お知らせ • Nov 22Onward Holdings Co., Ltd. to Report Q3, 2024 Results on Jan 11, 2024Onward Holdings Co., Ltd. announced that they will report Q3, 2024 results on Jan 11, 2024
Reported Earnings • Oct 06Second quarter 2024 earnings released: JP¥3.58 loss per share (vs JP¥9.93 loss in 2Q 2023)Second quarter 2024 results: JP¥3.58 loss per share (improved from JP¥9.93 loss in 2Q 2023). Revenue: JP¥40.5b (up 7.7% from 2Q 2023). Net loss: JP¥486.0m (loss narrowed 64% from 2Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 06+ 1 more updateOnward Holdings Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Onward Holdings Co., Ltd. revised consolidated earnings guidance for the fiscal year ending February 29, 2024. For the period, Company expects Net sales of JPY 189,211 million against previous guidance of JPY 188,800 million. Operating profit of JPY 11,022 million against previous guidance of JPY 10,000 million. Profit attributable to owners of parent of JPY 5,462 million against previous guidance of JPY 5,000 million. Basic earnings per share of JPY 40.25 against previous guidance of JPY 36.84.
Major Estimate Revision • Sep 29Consensus EPS estimates increase by 91%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥182.2b to JP¥188.9b. EPS estimate increased from JP¥19.37 to JP¥37.04 per share. Net income forecast to grow 11% next year vs 8.4% growth forecast for Luxury industry in Japan. Consensus price target up from JP¥330 to JP¥550. Share price was steady at JP¥522 over the past week.
お知らせ • Aug 11Onward Holdings Co., Ltd. to Report Q2, 2024 Results on Oct 05, 2023Onward Holdings Co., Ltd. announced that they will report Q2, 2024 results on Oct 05, 2023
Valuation Update With 7 Day Price Move • Jul 13Investor sentiment improves as stock rises 29%After last week's 29% share price gain to JP¥545, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Luxury industry in Japan. Total returns to shareholders of 95% over the past three years.
New Risk • Jul 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin).
Reported Earnings • Jul 07First quarter 2024 earnings released: EPS: JP¥24.67 (vs JP¥13.44 in 1Q 2023)First quarter 2024 results: EPS: JP¥24.67 (up from JP¥13.44 in 1Q 2023). Revenue: JP¥49.9b (up 12% from 1Q 2023). Net income: JP¥3.35b (up 84% from 1Q 2023). Profit margin: 6.7% (up from 4.1% in 1Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 06+ 1 more updateOnward Holdings Co., Ltd. Revises Forecast for Dividend for the Year Ended February 28, 2024Onward Holdings Co., Ltd. provide revised forecast for dividend of JPY 16.00 per share for the year ended February 28, 2024 against JPY 14.00 per share than previous forecast. The Company regards the return of profits to shareholders as one of its most important management issues, and its dividend policy is to maintain the dividend payout ratio of at least 35% and to distribute profits in a stable, performance-linked, and appropriatemanner. As for the dividend forecasts for the fiscal year ending February 2024, the Company had planned to pay a dividend of JPY 14 per share, an increase of JPY 2 from the previous fiscal year, in line with its policy of strengthening shareholder returns.
お知らせ • Jun 21Onward Holdings Co., Ltd. (TSE:8016) acquired additional 28.9% stake in SanMarino Co Ltd.Onward Holdings Co., Ltd. (TSE:8016) acquired additional 28.9% stake in SanMarino Co Ltd. on June 19, 2023. Onward Holdings Co., Ltd. will acquire additional 22,800 shares of SanMarino Co Ltd.Onward Holdings Co., Ltd. (TSE:8016) Completed the acquisition of additional 28.9% stake in SanMarino Co Ltd. on June 19, 2023.
Board Change • Jun 21Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Yoshie Komuro was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 30Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥22.57 (down from JP¥63.16 in FY 2022). Revenue: JP¥176.1b (up 4.5% from FY 2022). Net income: JP¥3.06b (down 64% from FY 2022). Profit margin: 1.7% (down from 5.1% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • May 19Onward Holdings Co., Ltd. to Report Q1, 2024 Results on Jul 06, 2023Onward Holdings Co., Ltd. announced that they will report Q1, 2024 results on Jul 06, 2023
Reported Earnings • Apr 07Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥22.57 (down from JP¥63.16 in FY 2022). Revenue: JP¥176.1b (up 4.5% from FY 2022). Net income: JP¥3.06b (down 64% from FY 2022). Profit margin: 1.7% (down from 5.1% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Mar 26Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from JP¥174.3b to JP¥176.5b. EPS estimate increased from JP¥15.97 to JP¥17.88 per share. Net income forecast to shrink 27% next year vs 8.0% growth forecast for Luxury industry in Japan . Consensus price target up from JP¥270 to JP¥300. Share price was steady at JP¥359 over the past week.
Upcoming Dividend • Feb 20Upcoming dividend of JP¥12.00 per share at 3.6% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 29 May 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%).
お知らせ • Feb 15Onward Holdings Co., Ltd. to Report Fiscal Year 2023 Results on Apr 06, 2023Onward Holdings Co., Ltd. announced that they will report fiscal year 2023 results on Apr 06, 2023
お知らせ • Feb 01Onward Holdings Co., Ltd. Provides Dividend Guidance for the Year Ending February 28, 2023Onward Holdings Co., Ltd. provided dividend guidance for the year ending February 28, 2023. For the year, the company expects to pay dividend of ¥12.00 against ¥12.00 paid last year.
お知らせ • Jan 25Onward Holdings Co., Ltd. Revises Earnings Guidance for the Full Year Ending February 28, 2023Onward Holdings Co., Ltd. revised earnings guidance for the full year ending February 28, 2023. For the period, the company revised Net sales from JPY 173,800 million to JPY 175,000 million, Operating profit from JPY 4,100 million to JPY 5,000 million, Profit attributable to owners of parent from JPY 2,200 million to JPY 2,600 million and Basic earnings per share from JPY 16.22 to JPY 19.17.
Buying Opportunity • Jan 16Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 5.3%. The fair value is estimated to be JP¥382, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 0.07% in 2 years. Earnings is forecast to decline by 32% in the next 2 years.
Reported Earnings • Jan 13Third quarter 2023 earnings released: EPS: JP¥16.56 (vs JP¥4.68 in 3Q 2022)Third quarter 2023 results: EPS: JP¥16.56 (up from JP¥4.68 in 3Q 2022). Revenue: JP¥48.2b (up 11% from 3Q 2022). Net income: JP¥2.25b (up 254% from 3Q 2022). Profit margin: 4.7% (up from 1.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Dec 27Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥172.3b to JP¥174.3b. EPS estimate increased from JP¥14.38 to JP¥15.97 per share. Net income forecast to grow 34% next year vs 34% growth forecast for Luxury industry in Japan. Consensus price target of JP¥270 unchanged from last update. Share price was steady at JP¥308 over the past week.
お知らせ • Nov 16Onward Holdings Co., Ltd. to Report Q3, 2023 Results on Jan 12, 2023Onward Holdings Co., Ltd. announced that they will report Q3, 2023 results on Jan 12, 2023
Price Target Changed • Nov 16Price target increased to JP¥270Up from JP¥240, the current price target is provided by 1 analyst. New target price is 12% below last closing price of JP¥306. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of JP¥14.38 for next year compared to JP¥63.16 last year.
Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). CEO, President & Representative Director Michinobu Yasumoto is the most experienced director on the board, commencing their role in 2015. Independent Outside Director Yoshie Komuro was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Oct 27+ 1 more updateOnward Holdings Co., Ltd. Provides Dividend Guidance for the Year Ending February 28, 2023Onward Holdings Co., Ltd. provided dividend guidance for the year ending February 28, 2023. For the year, the company expects to pay dividend of ¥12.00 per share against ¥12.00 per share a year ago.
Reported Earnings • Oct 08Second quarter 2023 earnings released: JP¥9.93 loss per share (vs JP¥39.73 profit in 2Q 2022)Second quarter 2023 results: JP¥9.93 loss per share (down from JP¥39.73 profit in 2Q 2022). Revenue: JP¥37.6b (up 8.2% from 2Q 2022). Net loss: JP¥1.35b (down 125% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
Price Target Changed • Sep 29Price target increased to JP¥270Up from JP¥240, the current price target is provided by 1 analyst. New target price is 11% below last closing price of JP¥304. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥14.38 for next year compared to JP¥63.16 last year.
お知らせ • Aug 20Onward Holdings Co., Ltd. to Report Q2, 2023 Results on Oct 06, 2022Onward Holdings Co., Ltd. announced that they will report Q2, 2023 results on Oct 06, 2022
お知らせ • Jul 26+ 1 more updateOnward Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year Ending February 28, 2023Onward Holdings Co., Ltd. provided consolidated earnings guidance for the first half and full year ending February 28, 2023. For the first half, the company expects net sales of JPY 77,000 million, operating loss of JPY 1,800 million, loss attributable to owners of parent of JPY 1,250 million and basic loss per share of JPY 9.22. For the full year ending February 28, 2023, the company expects net sales of JPY 168,700 million, operating profit of JPY 2,100 million, profit attributable to owners of parent of JPY 1,700 million and basic profit per share of JPY 12.54.
