1. Japan Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Onward Holdings Co., Ltd.

Onward Holdings Co., Ltd.

8016.T
Onward Holdings Co., Ltd.JP flagTokyo Stock Exchange
742.00
JPY
-10.00
- -
100.92BMarket Cap
Onward Holdings Co., Ltd.
8016.T
(Tokyo Stock Exchange)

Recent

price

742.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,560.82
1,546.77
1,647.39
1,784.59
1,792.94
1,741.2
1,624.47
1,674.61
1,713.98
1,828.23
1,298.91
1,242.1
1,297.94
1,397.48
1,535.3
1,742.13
1,431.65
Revenue per Share
17.37
22.52
28.71
29.69
26.78
28.27
31.47
36.97
35.24
-383.97
-171.18
63.16
22.56
48.72
62.74
74.26
57.89
Basic EPS, GAAP
51.81
57.54
23.76
-2.01
-36.25
-56.21
-11.81
25.97
-46.89
16.95
-176.21
36.02
25.96
14.97
-12.58
20.88
- -
Free Cash Flow per Basic Share
23.99
23.99
23.99
24
23.99
24.9
24.54
24.19
24.36
24.36
23.93
12
11.99
12
19.99
39.97
- -
Dividend per Share
943.68
954.62
957.97
962.93
972.38
953.21
949.54
1,004.99
977.3
562.81
290.95
335.28
339.99
377.64
402.21
414.21
369.75
Book Value per Share
714.83
726.2
828.34
897.06
963.4
983.86
927.74
989.57
1,034.04
603.01
360.66
500.71
559.99
561.36
526.32
603.29
532.37
Tangible Book Value per Share
157
157
157
157
157
151
151
145
140
136
135
136
136
136
136
136
136
Basic Weighted Avg Shares
244,550
242,402
258,369
280,007
281,501
263,516
244,900
243,075
240,652
248,233
175,899
168,453
176,072
189,629
208,393
236,804
194,320
Sales/Revenue/Turnover
14.76
4.52
4.33
3.64
2.04
1.43
1.72
2.13
1.86
-1.23
-11.47
-0.64
2.96
5.94
4.87
4.9
5.92
Operating Margin (%)
9,279
9,142
9,658
10,113
10,544
10,825
8,794
8,897
8,811
8,140
6,445
5,371
5,160
4,791
5,299
5,590
- -
Depreciation Expense
2,722
3,529
4,503
4,658
4,204
4,278
4,744
5,366
4,948
-52,135
-23,181
8,566
3,061
6,611
8,516
10,094
7,857
Net Income, GAAP
66.74
67.3
41.15
50.46
55.05
40.22
56.82
32.32
- -
- -
- -
37.51
18.33
- -
20.62
25.45
132.53
Effective Tax Rate (%)
1.11
1.46
1.74
1.66
1.49
1.62
1.94
2.21
2.06
-21
-13.18
5.09
1.74
3.49
4.09
4.26
4.04
Profit Margin (%)
12,867
14,804
-419
9,340
7,432
15,359
17,888
19,593
8,919
-1,961
-19,089
4,747
9,131
11,050
17,373
23,864
11,212
Working Capital
22,665
19,730
2,635
20,032
26,869
21,220
8,287
11,202
9,117
21,252
28,045
16,053
12,559
15,675
23,929
17,435
16,272
LT Debt
158,744
157,302
165,370
175,028
185,313
172,336
165,669
168,151
162,210
94,036
59,507
77,255
85,072
84,995
84,286
93,585
81,346
Total Equity
5.47
1.67
3.04
2.19
1.03
0.89
0.79
1.63
- -
- -
- -
-0.5
3.59
- -
6.08
6.1
- -
Return on Invested Capital (%)
1.39
1.81
2.4
2.35
2.01
2.09
2.42
2.16
- -
- -
- -
7.58
3.6
- -
8.57
9.89
22.28
Return on Capital (%)
1.83
2.37
3
3.09
2.77
2.88
3.3
3.71
3.5
-48.81
-40.03
20.19
6.68
13.58
16.09
18.2
16.11
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Feb'24
May'25
Aug'25
ST Debt
26,270
27,030
23,111
LT Borrowings
12,255
17,107
16,272
LT Finance Leases
3,420
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
136
136
136
Market Capitalization
69,623
87,275
73,295

Working Capital

FRC

•

in mil. unless spec.
Feb'24
May'25
Aug'25
Total Current Assets
73,400
72,271
72,078
Cash, Cash Equivalents & STI
14,133
13,346
13,660
Accounts Receivable, Net
15,933
16,242
14,276
Inventories
38,957
37,993
40,684
Total Current Liabilities
62,350
61,725
60,866
Payables & Accruals
- -
- -
- -
ST Debt
26,270
27,030
23,111
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.46%
10.01%
11.03%
Free Cash Flow
-257.79%
-128.19%
-266.26%
Net Income, GAAP
-123.09%
-7.58%
18.53%
Sales/Revenue/Turnover
-0.33%
6.3%
13.63%
Total Cash Common Dividend
- -
- -
100.18%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
49,907
40,504
50,972
48,246
189,629
2025
51,376
43,726
- -
- -
208,393
2026
- -
- -
- -
- -
236,804

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24.67
- -
- -
- -
48.72
2025
29.61
- -
- -
- -
62.74
2026
- -
- -
- -
- -
74.26

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
12
2025
- -
- -
- -
- -
19.99
2026
- -
- -
- -
- -
39.97
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Business
Onward Holdings Co., Ltd. (8016.T) serves as a pure holding company that manages subsidiaries and affiliates engaged in fashion, wellness, and corporate design businesses; it plans, produces, and sells men's, women's, and children's apparel, uniforms, medical wear, jewelry, accessories, health and cosmetic products, gift catalogs, pet supplies, stage and ballet supplies, innerwear, and promotional goods primarily under brands including UNFILO, KASHIYAMA, Nijyusanku, ANY, ICB, J.PRESS, Chacott, WEGO, JOSEPH, Gotairiku, Jiyuku, TOCCA, and KOKOBUY through department stores, shopping centers, and e-commerce platforms such as ONWARD CROSSET. Founded in 1927 and headquartered at Onward Park Building in Nihonbashi, Tokyo, Japan, the company operates domestically across apparel (64% of FY2024 sales), wellness (18%), and corporate design (8%) segments, with overseas activities in Europe, the United States, China, Hong Kong, Taiwan, the United Kingdom, and Guam representing 10% of sales; it maintains approximately 6,253 consolidated employees and reported ¥208.4 billion in net sales for the year ended February 2025. Recent developments include the August 2024 acquisition of WEGO Co., Ltd., converting it to a consolidated subsidiary to expand into youth street casual markets and grow membership to over 10 million; additional share acquisitions in equity-method affiliate SanMarino Co., Ltd. in 2023 to accelerate planning and production reforms; the establishment of JOSEPH JAPAN CO., Ltd. in February 2024; the launch of SCEARN daily luxury brand in autumn 2024; appointment of Jack Carlson as J. PRESS creative director in September 2025; and ongoing sustainability initiatives such as the Upcycle Action project and Onward Green Campaign for clothing recycling.